North America Biobanks Market to Reflect Impressive Growth Rate of 6.0% by 2023 | Top Key Players - Atlanta Biologicals, Biolife Solutions, Essential Pharma, Genzyme, Lifeline Scientific, Sigma Aldrich

Marketprognosis.com Publish a New Market Research Report On “North America Biobanks Market 2018 - 2023” which contains North America key player’s survey information and forecast to 2023.

Overview of the North America Biobanks Market:

The North America Biobanks Market is expected to register a CAGR of around 6.0% during the forecast period of 2018 - 2023.

Biobanks are the biorepository where various biomaterials are stored for research purposes. A few decades ago, biobanks were primarily restricted to established economies carrying out breakthrough research in biological sciences. The biobank industry has come a long way since then, with an increasing number of biobanking services and global presence.

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Research in regenerative medicine is becoming more intense and advanced in the developed countries, especially in the United States. These advancements in regenerative medicine show considerable potential for disease reversal. Stem cells can treat many hitherto untreatable diseases and are likely to be the therapeutic option for many diseases in the future. Its therapeutic application in the treatment of amyotrophic lateral sclerosis (ALS), Alzheimer's disease, other autoimmune diseases, diabetes, musculoskeletal diseases, ocular diseases, rare genetic diseases, and cancer are being researched through clinical trials. Several of these studies have generated promising results. According to clinicaltrials.gov, currently, there are around 196 studies registered for research on regenerative medicine. The increasing popularity of regenerative medicine research is attracting substantial funding from both public and private investors. This rise in regenerative medicine research has also driven the demand for biobanks, which act as the reservoir for stem cells and other biological samples that are used in regenerative medicine research. The other factors, such as rising incidences of chronic diseases, advances in drug discovery, and R&D funding and investments by government and non-governmental organizations are driving the North American Biobanks Market.

Biobanks are under ethical oversight from independent reviewers, while the governance process is intended to be public. Oversight may come at the local level, or from an institutional review board, which includes research, particularly medical research. Specific institutional review boards enforce standards set by their respective country’s government. As of now, many countries use laws modeled upon various biobank governance recommendations, which have been proposed internationally. However, there are no internationally accepted set of governance guidelines, which can be designed to work with biobanks. Many existing biobanks typically adapt to the recommendations of guidelines that are accepted for human-subject research and include newer ones, as they are added to the existing guidelines.

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The United States biobanks market held the largest market share in 2017 in North America due to increasing research in biological sciences, and with huge investments by different pharmaceutical and biotech companies, the utilization of biobanks are increasing consistently.

Major Key Players:

1 Atlanta Biologicals

2 Biolife Solutions

3 Bioniche Pharma USA LLC

4 Cell & Tissue Systems LLC

5 Essential Pharmaceuticals

6 Genzyme Corporation

7 Lifeline Scientific Inc.

8 Sigma Aldrich Corporation

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Biobanks Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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