Future Outlook of Europe Biobanks Market Poised to Achieve CAGR of 6.1% by 2023 – Cell & Co Biorepository, deCODE Genetics, Metanomics Health, Panasonic Biomedical, Qiagen

Marketprognosis.com Publish a New Market Research Report On “Europe Biobanks Market 2019 - 2023” which contains Europe key player’s survey information and forecast to 2023.

Overview of the Europe Biobanks Market:

The Europe Biobanks Market is expected to register a CAGR of 6.1% during the forecast period of 2019 - 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 Europe. 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 the EU Clinical Trials Register, currently, there are numerous 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 European 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. Some European countries have strict regulatory guidelines, which would eventually hinder the growth of the Europe biobank market. The other factor such as cost constraints is also hindering the growth of the market.

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The United Kingdom biobanks market held the largest market share in 2017, followed by Germany. European initiatives are leading the way in what's called harmonization or making sure that all biobanks follow evidence-based standards for collecting, storing, and handling of specimens.

Major Key Players:

1 Cell & Co Biorepository

2 deCODE Genetics, Inc.

3 Integrated Biobank of Luxembourg

4 Metanomics Health

5 Panasonic Biomedical

6 Qiagen

7 WAK-Chemie Medical GmbH

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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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