Biobanks Market is expected to register a CAGR close to 6.0% during 2019 – 2023 | Global Key Vendors - Atlanta Biologicals, Biolife Solutions, Essential Pharma, Hamilton, Lonza Group, Sigma Aldrich, Thermo Fisher Scientific

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

Overview of the Global Biobanks Market:

The Global Biobanks Market is expected to register a CAGR of 6.0% 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 the United States and 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 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 Global 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 the presence of high-quality healthcare system. The Biobanks Market has recently started in the emerging nations, wherein major investments are expected to happen. In the Asia-Pacific sector, China and South Korea have been identified as potential emerging markets due to high R&D investments.

Major Key Players:

1 Atlanta Biologicals, Inc. (Bio-Techne)

2 Biolife Solutions, Inc.

3 Essential Pharmaceuticals, LLC

4 Hamilton Company

5 Lonza Group Limited

6 Preservation Solutions, Inc.

7 Sigma Aldrich Corporation

8 Stemcell Technologies, Inc.

9 Thermo Fisher Scientific, Inc.

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What Information does this report contain?

1 A detailed analysis of regulatory trends, drivers, industry pitfalls, challenges and growth opportunities for participants

2 Which are the leading market products, applications & regions and how will they perform by 2023?

3 What are the technologies & innovation trends, how will they evolve by 2023?

4 Which companies lead the industry, how are they positioned in the market in terms of sustainability, competency, production capacity and strategic outlook?

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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This release was published on openPR.