Bio-Banks Market Top Scenario, SWOT Analysis, Business Overview & Forecast 2026
The global market size of Bio-Banks market is $XX million in 2018 with XX CAGR, and it is expected to reach $XX million by the end of 2026 with a CAGR of XX% from 2019 to 2026.
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Global biobank equipment and media market by Types:
The global biobank equipment and media market is segmented according to biopreservation media types into two categories: Optimized Pre-Formulated Media and Non-Optimized, Isotonic Formulation Media. Home-Brew Media Solutions is the biggest player in the global biopreservation media market and accounts for the largest market share.
Global biobank equipment and media market by Equipment:
The global biobank equipment and media market is segmented according to equipment into different categories such as Refrigerators, Ice Machines, Freezers, LN2 Supply Tanks, Alarm and Monitoring Systems, Cryogenic Storage Systems and Accessories. The demand for biobank equipment is growing due to an increase in the number of biobanks, high demand for superior equipment, which can efficiently handle stability and storage issues, and increased government funding.
Global biobank equipment and media market by Application:
The global biobank equipment and media market is segmented according to application into three different categories: Biobanking, Regenerative Medicines and Drug Discovery. The strength of biobank equipment market lies in its applications such as regenerative medicines and drug discovery. However, harmonization and standardization of Biobanking practices are major challenges to this field.
Global biobank equipment and media market by Geography:
Geographically, the global biobank equipment and media market is segmented into North America, Europe, Asia-Pacific and LAMEA. North America dominates the global biobank equipment and media market. It is followed by Europe, Asia-Pacific and LAMEA. Asia-Pacific has an opportunistic biobank market due to government initiative and public awareness. There is also substantial investment by pharmaceutical and biotech companies in cell-based therapies.
The key players within the global biobank equipment and media market include Home-Brew media solutions, Teva Pharmaceuticals, Organ Recovery Systems, Genzyme, Thermofisher Scientific, VWR International, Beckman Coulter Inc. and Taylor-Wharton. Home-brew media solutions dominates the global biobank media market. Scientific, VWR International and Taylor-Wharton are close behind. Umbilical cord blood preservation and low temperature storage are the recent trends of this market.
High Level Analysis:
Comprehensive analysis of the global biobank equipment and media market provides an overview of the market and its key concerns. The market segmentation section provides a deep-dive analysis of each segment and it would be helpful in understanding niche market trends. A closer look at market drivers, restraints and opportunities would simplify market dynamics. Porter's Five Forces analysis would be helpful for strategists to determine market profitability. There is low product differentiation within the global biobank equipment and media market as a large number of small companies offer similar products. This increases the buyers' bargaining power. These small companies also compete with some of the big players in the market for product pricing, advertising and customer services. In emerging economies, significant funding by the government as well as non-governmental organizations has created the threat of potential substitutes. Thus, industrial rivalry is intense in the global biobank equipment and media market.
This report offers the following benefits:
o Far-reaching coverage of global biobank equipment and media market, including drivers, restraints and opportunities would assist professionals in understanding market behavior
o Comprehensive analysis of different segments would reveal potential business opportunities that lie within the global biobank equipment and media market
o Detailed analysis of the strategies of the key leaders, technological advances, mergers and acquisitions within the antibacterial drugs market would be informative for professionals in the corporate sector
o Porter's Five Forces Framework examines the competitive structure of the global biobank equipment and media market and would be helpful for strategic industry analysis
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The global biobank equipment and media market is segmented into four major categories: biopreservation media types, products, applications and geography.
MARKET BY TYPE
o Optimized Pre-Formulated Media
o Non-Optimized, Isotonic Formulation Media
MARKET BY PRODUCT
o Ice Machines
o LN2 Supply Tanks
o Alarm and Monitoring Systems
o Cryogenic Storage Systems
MARKET BY APPLICATION
o Regenerative Medicine
o Drug Discovery
MARKET BY GEOGRAPHY
o North America
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