openPR Logo
Press release

Biobanking Software Market to Soar to US$ 3.5 Bn by 2027

05-05-2021 04:16 AM CET | Health & Medicine

Press release from: Fact.MR

Biobanking market research study in brief

The business intelligence study for the Biobanking market provides an extensive synopsis of essential aspects involving the product classification, important definitions, and other industry-specific parameters. The report also covers the key factors associated with the current events such as alliances, mergers & acquisitions, and new product launches.

Click HERE to Get Synopsis of the Report- https://www.factmr.com/report/4438/biobanking-market

Additionally, the Biobanking market study puts forth a rigid basis for collecting a cluster of insights that potential customers can use to enhance their revenues and reduce costs. The illustration of data on Biobanking market segmentation by type, application, and geography offers a critical viewpoint of, what manufacturers are eyeing for the stipulated timeframe, 2019 – 2026.

For detailed insights on enhancing your product footprint, request a sample here- https://www.factmr.com/connectus/sample?flag=S&rep_id=4438

Manual storage systems are projected to register 64% share in the biobanking market by 2027, given their low capital requisites. However, players in the biobanking market are increasingly striving to transform the landscape through the introduction of advanced software, which helps in reducing manual errors. Automated storage systems offer high precision and time-efficiency, which is likely to significantly increase their adoption in the foreseeable future. Automated storage systems are projected to register a CAGR of 7% during the forecast period (2020-2027).

A recent study published by Fact.MR examines the growth potential of the biobanking market, and projects CAGR to be above average during the forecast period.

A senior research analyst at Fact.MR opines, “Though the application of biospecimen for the development of therapeutics is growing, there will be a notable spurt in the adoption rate of bio-samples for clinical diagnosis to understand cell structure.”

For comprehensive insights on this market adoption, ask an analyst here- https://www.factmr.com/connectus/sample?flag=AE&rep_id=4438

Biobanking Market – Assessment of Key Segments

Authors of this comprehensive study have classified the biobanking market into key segments for an in-depth study of the biobanking market. Categorisation of the biobanking market is based on storage, application, biospecimen, product, and region. This detailed study also offers information about the incremental opportunity present in the biobanking market during the forecast period. Key segments considered while studying the biobanking market include:

Storage

Application

Biospecimen

Product

Region

Manual

Therapeutics

Blood Products

Equipment

Temperature Control Systems
Freezers & Refrigerators
Cryogenic Storage Systems
Thawing Equipment
Incubators & Centrifuges
Alarms & Monitoring Systems
Accessories & Other Equipment
North America

Automated

Clinical Diagnostics

Human Tissues

Consumables

Cryovialsand Cryomolds
Tubes
Others
Europe

Drug Discovery & Development

Cell Lines

Software & Services

Asia Pacific

Others

Nucleic Acids

Latin America

Others

Middle East & Africa

Need more information about Report Methodology? Click here- https://www.factmr.com/connectus/sample?flag=RM&rep_id=4438

Key Highlights of Biobanking Market Study

China shows strong growth prospects in the biobanking market with an estimated CAGR of around 8.6% during 2020-2027. The country has three biobanks - China Kadoorie Biobank, Zhongnan Biobank, and Cancer Centre Tissue Bank, which work towards investigating the genetic causes of infectious and chronic diseases.
Demand for biobanking software and services is growing at a relatively high rate as compared to equipment and consumables, as these products are used to minimise errors and increase the accuracy of sample data. Biobanking software and services are projected to be deployed at the highest CAGR of around 7.5% in the biobanking market during the forecast period.

Blood products are expected to remain key biospecimen in the biobanking market, exceeding the storage of other samples, as demand for blood transfusion and DNA is increasing for the diagnosis and treatment of chronic diseases.
The set-up cost of a biobank can vary from US$ 3 Mn to US$ 6 Mn. Sample handling, storage management, human resources, instruments, consumables, and software further add up to the already high cost of biobanking, which is likely to act as a barrier to the growth of the biobanking market.

For in-depth competitive analysis, buy now- https://www.factmr.com/checkout/4438/S

Product Innovation within the Boundaries of Environmental Sustainability

Product innovation is a key strategy adopted by players in the biobanking market. As biobanking of biospecimen requires freezing temperature for storage, leading players are, in turn, making a shift towards offering products with the least possible carbon footprints. Thermo Fisher Scientific, Inc. is an ideal company exhibiting this strategic move. In 2017, the company announced that it had received the ENERGY STAR certification for its temperature freezers from the U.S. Environmental Protection Agency to reduce energy consumption, while ensuring the protection of biospecimen.

Players operating in other tiers seek expansion in the fragmented biobanking market through collaborations, acquisitions, and partnerships, to achieve better exposure of their products.

For More Insights: https://www.biospace.com/article/rising-interest-in-cost-effective-homeopathic-procedures-boost-prospects-of-biopuncture-treatment-market-fact-mr/

Find More Valuable Insights on Biobanking Market

Fact.MR, in its new offering, brings to the fore an unbiased analysis of the global biobanking market, presenting historical demand data (2017-2019), and forecast statistics for the period of 2020-2027. The study divulges compelling insights on the biobanking market on the basis of product (equipment, consumables, software & services), biospecimen (blood products, human tissues, cell lines, nucleic acids, and others), application (therapeutics, clinical diagnostics, drug discovery & development, and others), and storage (manual and automated), across five major regions.

US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583

Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email : sales@factmr.com
Website : https://www.factmr.com
Research Insight: https://www.factmr.com/report/4438/biobanking-market
Content Source: https://www.factmr.com/media-release/1219/global-biobanking-market

About Fact.MR
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions.
We have offices in US and Dublin, whereas our global headquarter is in Dubai.While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise.
Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed.
Reach out to us with your goals, and we’ll be an able research partner.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Biobanking Software Market to Soar to US$ 3.5 Bn by 2027 here

News-ID: 2279963 • Views: 217

More Releases from Fact.MR

Organic Sulfur Market Global Demand, Growth, Opportunities, Top Key Players and …
Fact.MR has adopted multi-disciplinary approach to shed light on the keyword during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year, and key prospects over the forecast period 2018-2028. The insights and analytics on the Organic Sulfur Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment,
GLA Supplements Market Key Players, SWOT Analysis, Dynamics, Drivers, Key Indica …
Fact.MR has adopted multi-disciplinary approach to shed light on the GLA Supplements during the historical period. The study presents a deep-dive assessment of the current growth dynamics, major avenues in the estimation year, and key prospects over the forecast period 2018-2028. The insights and analytics on the GLA Supplements Market span several pages. These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity
Global Electrotechnical Paper Market to Create an Absolute Dollar Opportunity of …
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Electrotechnical Paper Market in the upcoming years. Click here to Get Complete Synopsis of the Report – https://www.factmr.com/report/1956/electrotechnical-paper-market The report introspects the supply chain, cost structure, and recent developments pertaining to the Electrotechnical Paper Market in the report and the impact of the COVID-19 on these facets of the market. Further,
Global Dibenzyl Toluene Marke to Expand 1.4X by 2030 end | Eastman Chemicals, Ar …
The recently published market study by Fact.MR highlights the current trends that are expected to influence the dynamics of the Dibenzyl Toluene Market in the upcoming years. Click here to Get Complete Synopsis of the Report - https://www.factmr.com/report/4843/dibenzyl-toluene-market   The report introspects the supply chain, cost structure, and recent developments pertaining to the Dibenzyl Toluene Market in the report and the impact of the COVID-19 on these facets of the market. Further,

All 5 Releases


More Releases for Biobank

Global Biobank Sample Management Software Industry Professional Market Analysis …
Market Overview The Biobank Sample Management Software market report provides a detailed analysis of global market size, regional and country-level market size, segmentation market growth, market share, competitive Landscape, sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunities analysis, strategic market growth analysis, product launches, area marketplace expanding, and technological innovations. The global Biobank Sample Management Software market size is expected to gain market growth in the
Biobank Sample Management Software Market Size, Share, Development by 2025
LP INFORMATION recently released a research report on the Biobank Sample Management Software market analysis, which studies the Biobank Sample Management Software's industry coverage, current market competitive status, and market outlook and forecast by 2025. Global “Biobank Sample Management Software Market 2020-2025” Research Report categorizes the global Biobank Sample Management Software market by key players, product type, applications and regions,etc. The report also covers the latest
Veterinary Biologicals Biobank Market Analysis and Opportunity 2017-2027 | IZSLE …
"The Latest Research Report Veterinary Biologicals Biobank Market: Global Industry Analysis and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. – MarketResearchReports.biz” Veterinary biological Biobank collects biological samples, associated data, and store them for future purposes. They are invaluable resources of all types of research, mainly aimed at improving animal healthcare, diagnosis, and treatment. Veterinary Biologicals especially includes serums, toxins or
Veterinary Biologicals Biobank Market Analysis and Opportunity 2017-2027 | IZSLE …
"The Latest Research Report Veterinary Biologicals Biobank Market: Global Industry Analysis and Opportunity Assessment 2017-2027 provides information on pricing, market analysis, shares, forecast, and company profiles for key industry participants. - MarketResearchReports.biz" Veterinary biological Biobank collects biological samples, associated data, and store them for future purposes. They are invaluable resources of all types of research, mainly aimed at improving animal healthcare, diagnosis, and treatment. Veterinary Biologicals especially includes serums, toxins or
Trends in Compound Management Market to 2023 - Overview by Biopharma Companies, …
Key players included in compound management systems are Brooks Life Sciences (US), Hamilton Company (US), TTP Group (US), Labcyte (US), Biosero (US), and Tecan (Switzerland). Companies that provide compound management services include Evotec (Germany), Wuxi AppTec (China), Icagen (US), TCG Lifescience (India), and Frontier Scientific (US). Download Brochure at Compound Management Market spread across 288 pages, Profiling 10 Companies and supported with 257 Tables and 55 Figures is now available at
Bio specimens play a key role in Biobank Equipment Market
The report “ASIA PACIFIC BIOBANK EQUIPMENT MARKET” provides the detail description of market segmentation, applications, growth, size, and outlook. The Asia Pacific biobank equipment market is estimated to reach USD Billion by 2024. Biobank consists of biological materials repository which collects, stores, and distributes biospecimens to support the future investigation process and to help in research. Biobanks provide the data access, representing a large number of people. Many researchers suffered