According to the new market research report “ Biobanking Market by Product and Service(Equipment, Consumables, Services, Software), Sample Type (Blood Products, Human Tissues, Cell Lines, Nucleic Acids), Application( Regenerative Medicine, Life Science, Clinical Research) - Global Forecast to 2022 ” ", published by MarketsandMarkets™, Biobanking Market is projected to reach $2.69 billion by 2022 from $1.72 billion in 2016 at a CAGR of 7.8%.
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The equipment segment is estimated to account for the largest share of the market in 2017. This is primarily attributed to the increasing number of biobanks and rising number of biosamples around the world, due to which the demand for equipment remains high.
Regenerative medicine applications for biobanking market will drive the market
Biobanking Market plays an integral role in advancing biomedical and translational research, through the collection and preservation of biological samples, such as blood, tissues, and nucleic acids, which are then made available for use in research to discover disease-relevant biomarkers; this is further used for diagnosis, prognosis, and predicting drug responses. Growth in the number of research activities in this segment forms a major driver for the market. The availability of government funding for regenerative medicine, stem cell therapeutics, and cell & gene therapy is supporting research activities in this segment. Apart from this, the increasing trend of cord blood banking will also aid growth of this market segment. Future prospects including advancements in orthopedic procedures with the use of stem cells are expected to further support market growth for regenerative medicine.
Browse and in-depth TOC on “ Biobanking Market. ”
123 - Tables
38 - Figures
164 - Pages
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The objectives of this study are as follows:
• To define, describe, and forecast the Biobanking Market by product and service, sample type, storage type, application, and region
• To provide detailed information regarding the major factors influencing growth of the market (drivers, restraints, opportunities, and challenges)
• To analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
• To analyze the opportunities in the market for stakeholders and provide details of a competitive landscape for market leaders
• To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia-Pacific, and the Rest of the World (RoW)
• To profile key players and comprehensively analyze their market shares and core competencies in terms of market development and growth strategies
• To track and analyze competitive developments such as agreements, collaborations, and partnerships; acquisitions; and product launches in the market
Critical questions the report answers:
• Where will all these developments take the industry in the mid to long term?
• What are the upcoming industry applications for Biobanking Market?
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