openPR Logo
Press release

Biobanks Market Size Worth US$ 3,758.64 million by 2028 Lead By Avantor, SciSafe , Biovault Family; Taylor-Wharton, MICRONICS JAPAN

07-08-2022 02:27 PM CET | Health & Medicine

Press release from: The Insight Partners

According to our latest study on "Biobanks Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Product and Service (Equipment, Consumables, Service, and Software), Sample (Blood Products, Human Tissues, Cell Lines, and Others), and Application (Regenerative Medicine, Life Science Research, and Clinical Research)," the market is expected to grow from US$ 2,418.31 million in 2021 to US$ 3,758.64 million by 2028; it is estimated to register a CAGR of 6.5% from 2021 to 2028.

Get sample PDF Copy of Biobanks Market @ https://www.theinsightpartners.com/sample/TIPBT00002331/?utm_source=OpenPR&utm_medium=10144

THERMO FISHER SCIENTIFIC INC.; Tecan Trading AG; QIAGEN; Hamilton Company; Avantor, Inc.; MICRONICS JAPAN CO., LTD.; BD; Taylor-Wharton; Brooks Automation, Inc; Biovault Family; Promega Corporation; and SciSafe Inc., are among the leading companies operating in the biobanks market.

Biobanks have been helpful in the fight against COVID-19 because they have provided researchers with access to the samples, researchers need to study the disease and create vaccines and therapies. While the pandemic posed a significant problem for biobanks, it also allowed future growth in many other research areas. It would have been impossible to make the genome of the SARS-CoV-2 virus accessible to the whole scientific community and produce efficient vaccinations in record time without samples from patients infected with COVID-19. Since the beginning of the pandemic, researchers have been requesting these samples to undertake tests to better understand the virus's various mechanisms for tricking human immune systems. The COVID-19 pandemic has brought new opportunities to biobanks as the importance of medical research has been brought to the forefront of the general public. Biobanks are currently well connected with other healthcare professionals and are building a more robust network to deal with future global crises.

Based on product and service, the global biobanks market is segmented into equipment, consumables, services, and software. In 2021, the equipment segment held the largest share of the market. Moreover, the consumables segment is expected to register the highest CAGR in the market during 2021-2028. Equipment play a vital role in the storage, analysis, processing, and collection of samples in biobanks products. Moreover, the increasing number of product launches in recent years is driving the equipment segment.

The UK has announced the world's largest genome project as a part of 200 million public-private collaboration between charities and pharma. The country has already developed the largest genome database globally through the 100,000 Genomes Project led by Innovate UK as a part of UK Research and Innovation. The project will fund researchers and industry to combine data and real-world evidence from the UK health services and create new products and services to diagnose diseases earlier and efficiently.

Place an Order copy of this report @ https://www.theinsightpartners.com/buy/TIPBT00002331/?utm_source=OpenPR&utm_medium=10144

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

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 Biobanks Market Size Worth US$ 3,758.64 million by 2028 Lead By Avantor, SciSafe , Biovault Family; Taylor-Wharton, MICRONICS JAPAN here

News-ID: 2675296 • Views:

More Releases from The Insight Partners

Insect Pest Control - Obtain PDF Sample Copy
The Insect Pest Control Market size is projected to reach US$ 14.85 billion by 2031 from US$ 21.33 billion in 2024. The market is expected to register a CAGR of 5.4% during 2025-2031. The proactive health measures, combined with heightened consumer awareness about disease prevention, have boosted the demand for both professional pest control services and DIY products. The convergence of public health policies, regulatory vigilance, and increased risk perception
Denim Fabrics - Obtain PDF Sample Copy
The denim fabrics market size is projected to reach US$ 28.69 billion by 2031 from US$ 22.32 billion in 2024. The market is expected to register a CAGR of 3.8% during 2025-2031. The denim fabrics market is growing steadily owing to changing consumer preferences, fashion trends, and increasing accessibility. Denim has evolved from being a utilitarian fabric to a mainstream fashion item, appreciated for its flexibility, comfort, and ease. With
Photomedicine Devices and Technologies Market Global Rising Demand & Huge Scope Till 2028
Photomedicine Devices and Technologies Market Global Rising Demand & Huge Scope …
A new market study report by The Insight Partners on the Photomedicine Devices and Technologies Market has been released with reliable information and accurate forecasts for a better understanding of the current and future market scenarios. The report offers an in-depth analysis of the global market, including qualitative and quantitative insights, historical data, and estimated projections about the market size and share in the forecast period. Get PDF Sample
Genetic Testing Services Market Global Rising Demand & Huge Scope Till 2031
Genetic Testing Services Market Global Rising Demand & Huge Scope Till 2031
Genetic Testing Services Market business research report assesses the current as well as upcoming performance of the market, also brand-new trends in the market. It provides product overview and highlights of product and application segments of the market including price, revenue, sales, sales growth rate, and market share by product. The market statistics within the report is displayed in a statistical format to offer a better understanding upon the market

All 5 Releases


More Releases for Biobanks

Biobanks Market Demand, Survey, Forecast 2028
According to Premium Market Insights new research study on "biobanks market is projected to reach US$ 3,758.64 million by 2028 from US$ 2,418.31 million in 2021; it is expected to grow at a CAGR of 6.5% during 2021-2028. Get a Sample Copy of This Report@ https://www.premiummarketinsights.com/sample/TIP00073331/?utm_source=OpenPR&utm_medium=10655 Some Of the Major Players Influencing are THERMO FISHER SCIENTIFIC INC., Tecan Trading AG, QIAGEN, Hamilton Company, Avantor, Inc., MICRONICS JAPAN CO., LTD., BD, Taylor-Wharton, Brooks
Electronic Health Records (EHR) To Catalyse The Biobanks Market
Biobanks refers to the repository that collects, stores and distributes human biological materials including blood, plasma, saliva, purified DNA and other biospecimens. Biological banks keep a record of personal and health related information such as genetic information, health records, lifestyle, and family history for use it in health and medical research. Biological materials are stored in biobanks in an appropriate environment. It helps to detect human diseases and their causes; by
South America Biobanks Market Growth Factors, Opportunities, Ongoing Trends
The biobanks market in South America is expected to grow from US$ 190.08 million in 2021 to US$ 261.23 million by 2028; it is estimated to grow at a CAGR of 4.6% from 2021 to 2028. South America Biobanks Market study by "The Business Market Insights" provides details about the market dynamics affecting the market, Market scope, Market segmentation and overlays shadow upon the leading market players highlighting the favorable competitive
Biobanks Market - Product Growth Strategies 2025 | BioCision, Tecan Group
Global Biobanks Market: Snapshot Biobanks are essentially repositories for storing biological substances derived from humans, which may include organs, bio-specimens, plasma, saliva, and blood. With a vast rise in the number of organ replacement surgeries globally and significant advancements made in the fields of transfusion and replacement technologies, the role of the biobanks market has become more concrete in the healthcare sector in recent years. The global biobanks market has witnessed expansion
Biobanks Market Explores New Growth Opportunities By 2020
Biobanks refers to the repository that collects, stores and distributes human biological materials including blood, plasma, saliva, purified DNA and other biospecimens. Biological banks keep a record of personal and health related information such as genetic information, health records, lifestyle, and family history for use it in health and medical research. Biological materials are stored in biobanks in an appropriate environment. To view complete report @ http://www.persistencemarketresearch.com/market-research/biobanks-market.asp It helps to detect human
Biobanks Market: Industry Survey and Outlook 2025
Global Biobanks Market: Overview The global biobanks market owes its conception to the rising need for replacement organs and the steady advancement in the replacement and transfusion technologies regarding a number of bodily substances. Though the technology and need to store organs and other bio-entities had been available for a long time, the global biobanks market took on a more important role in the healthcare sector following the increasing research in