The global “biobanking market size” is projected to reach USD 9.46 billion by the end of 2026. The growing investments in development of efficient biobanks and recent studies associated with the use of biobanks in the treatment of the coronavirus will emerge in favor of market growth. According to a report published by Fortune Business Insights, titled “Biobanking Market Size, Share & Industry Analysis, By Sample Storage (Blood, Cells & Tissue, and Others), By Application (Regenerative Medicines, Life Sciences, and Others), By Settings (Academic Medical Institutes, and Pharmaceutical & Biotechnology Companies), and Regional Forecast, 2019-2026,” the market was worth USD 25.09 billion in 2018 and will exhibit a CAGR of 8.9% till 2026.
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Key Players Operating in The Biobanking Market Include:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
- Medizinische Universität Graz
- UK Biobank
- Shanghai Zhangjiang Biobank
- Isenet Biobanking
- Hamilton Company
- Thermo Fisher Scientific Inc.
- ProMedDx
- BBL
- Brooks Life Sciences
- ASKION
- Others
An Overview of the Impact of COVID-19 on this Market:
The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.
We are taking continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.
Click here to get the short-term and long-term impact of COVID-19 on this Biobanking Market. Please visit: https://www.fortunebusinessinsights.com/biobanking-market-102073
Biobanking Can Play a Huge Role in Fighting the Coronavirus
The constant research and collective studies associated with the coronavirus speaks volumes about the seriousness and severity of the disease. It is observed that biobanking has shown potential in the development of treatment options for Covid-19. This will present several growth opportunities for the companies operating in the market. Biobanking refers to the process wherein blood samples are collected and studied for research and development purposes. This process helps in understanding the cause and effect of several diseases and can also help produce efficient treatment methods for specific diseases through prolonged research and study. The increasing emphasis on biobanking is consequential to the excellent results and outputs in recent years. As a result, massive investments are being made in the development of efficient processes, with the aim of studying severe and critical diseases.
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Europe Currently Dominates the Market; Presence of Well-established Biobanks will Aid Growth
The report analyses the latest market trends across five major regions, including North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa. Among all regions, the market in Europe currently dominates the market. The presence of numerous large scale biobanks in Nordic countries such as Sweden, Denmark, and Norway will contribute to the growth of the market in this region. It is recorded that around 40% of the total population in Iceland have contributed DNA samples; a factor that will be influential to the growth of the regional market. As of 2018, the market in Europe was worth USD 8.93 billion and this value is projected to increase at a considerable pace in the coming years. The market in Asia Pacific is projected to register a considerable CAGR driven by the high investment in establishing well-structured biobanks.
Detailed Table of Content:
- Introduction
- Others Scope
- Market Segmentation
- Others Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Overview: Trends in Biobanking Market
- Prevalence of Key Diseases – By Key Countries
- Overview: Number of Biobanks – By Key Countries
- Key Industry Developments – Mergers, Acquisitions, and Partnerships
- Global Biobanking Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Sample Storage
- Blood
- Cells & Tissues
- Others
- Market Analysis, Insights and Forecast – By Application
- Regenerative Medicines
- Life Science
- Others
- Market Analysis, Insights and Forecast – By Settings
- Academic Medical Institutions
- Pharmaceutical & Biotechnology Companies
- Market Analysis, Insights and Forecast – By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- North America Biobanking Market Analysis, Insights and Forecast, 2015-2026
- Key Findings / Summary
- Market Analysis, Insights and Forecast – By Sample Storage
- Blood
- Cells & Tissues
- Others
- Market Analysis, Insights and Forecast – By Application
- Regenerative Medicines
- Life Science
- Others
- Market Analysis, Insights and Forecast – By Settings
- Academic Medical Institutions
- Pharmaceutical & Biotechnology Companies
- Market Analysis, Insights and Forecast – By Country
- S.
- Canada
Continue….
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Report Focus:
- Extensive product offerings
- Customer research services
- Robust research methodology
- Comprehensive reports
- Latest technological developments
- Value chain analysis
- Potential Biobanking Market opportunities
- Growth dynamics
- Quality assurance
- Post-sales support
- Regular report updates
Reasons to Purchase this Report:
- Comprehensive analysis of the Biobanking Market growth drivers, obstacles, opportunities, and other related challenges.
- Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
- Identifies market restraints and boosters.
- Identifies all the possible segments present in the market to aid organizations in strategic business planning.
KEY QUESTIONS ANSWERED:
- What is the market size and growth rate of the global and regional market by various segments?
- What is the market size and growth rate of the market for selective countries?
- Which region or sub-segment is expected to drive the market in the forecast period?
- What Factors are estimated to drive and restrain the Biobanking Market growth?
- What are the key technological and market trends shaping the market?
- What are the key opportunities in the market?
- What are the key companies operating in the market?
- Which company accounted for the highest market share?
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