Global Biobanking market was valued at $47 billion in 2018, with a CAGR of 4.6% from 2019 to 2025

Biobanking Industry Insights

Biobanking is a procedure to collect and preserve biological materials that can be further used for diagnosis, biodiversity studies, and research.The major factors that drive the growth of the global biobanking market include rise in funding support by private & government organizations. Global biobanking market was valued at $47 billion in 2018, and is estimated to reach $67 billion by 2025, with a CAGR of 4.6% from 2019 to 2025.

In 2018, the global Biobanking Market size was 47000 million US$ and it is expected to reach 67400 million US$ by the end of 2025, with a CAGR of 4.6% during 2019-2025.

Biobanking refers to the process in which biological samples are collected and stored for research and clinical care. The samples in biobanks are categorized on the basis of genetic trait such as age, gender, ethinicity and blood type.

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Furthermore, samples are also categorized on the basis of environmental factors such as climatic conditions where the donor has been exposed or some other condition that can affect human genes. Biobanks are of three type’s namely virtual biobanks, tissue banks and population banks which are classified on the basis of purpose or design.

Ongoing developments in information technology and automation solutions have improved the operating efficiency of biobanking services. For example, launch of fully automated programmed freezers and refrigerators supports temperature monitoring in biobanks.

The prime objective of this Biobanking research report is to define the size of the different segments and the geographies as well as to forecast the trends that are likely to gain traction in the following couple of years. This market research report has been designed to incorporate both the qualitative and quantitative aspects of the industry within each of the regions.

Crucial points coated in Biobanking Market Research Report are:

What will the industry size and the growth rate by 2025?
What are the key market trends impacting the growth of the market?
Which would be the important market trends affecting the growth?
Who are the global key manufacturers of the industry?
What will be the challenges in future period?

Key Findings of the Biobanking Market:

• The research segment contributed for nearly two-thirds share of the global biobanking market in 2017.

• The private organization segment is projected to grow at a significant CAGR from 2018 to 2025.

• In 2017, national/regional agencies led the overall biobanking market, and is projected to grow at a CAGR of 4.6% during the forecast period.

• Germany and France are the major shareholders, which collectively accounted for more than one-third share of the Europe biobanking market in 2018.

• The study objectives are to present the Biobanking development in United States, Europe and China.

There are 15 Chapters to deeply display the Biobanking market:

Chapter 1, to describe Biobanking Introduction, product scope, market overview, market opportunities, market risk, market driving force;

Chapter 2, to analyze the top Vendors of Biobanking, with revenue, and gross margin of Biobanking, in 2016 2018;

Chapter 3, to display the competitive situation among the top Vendors, with revenue and market share in 2016 -2018;

Chapter 4, to show the market by regions, with revenue and market share of Biobanking, for each region.

Chapter 5, 6, 7, 8 and 316, to analyze the key regions, with revenue and market share by key countries in these regions;

Continued…

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