Biobanking Services Market Outlook Share Size Analysis 2022-2029

The Biobanking Services Market is expected to grow at a CAGR of 17.4% during the forecast period 2022-2029. North America region has the highest market share in the Biobanking Services Market, and it is further continuing its dominance during the forecast period.

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Our research report gives wide perceptions of the latest trends and development prospects of the market analysis, detailed segmentation analysis, volume, size, share, growth drives, and opportunities in the market. In-depth regional and country-level illustration of the competitive landscape depends on several phases and status of clinical trials over the prominent economies of the globe, and also report contains a number of major companies profiled in the relevant market.

Market Drivers:

Biobanks assume a urgent part in helping essential and translational wellbeing research. Cardiovascular disease, infectious diseases, and cancer have the highest mortality rates worldwide, according to WHO 2022. These diseases could be better described, and treatments could be chosen based on the needs of the patients. The demand for biobanking services has also increased as a result of the recent expansion of the cell and gene therapy industry.

Due to the tremendous promise of cell and gene therapies for cardiovascular disease and cancer, demand is likely to rise. Biobanks promote personalized medicine, exercise new powers, and mobilize internal resources by supporting the expansion of the cell and gene therapy industry. A more recent trend is to move away from the idea of a simple biobank and toward the idea of a real databank, which is in line with the demand for automated storage. Additionally, market players are implementing strategies like product launches and collaboration. For instance, in July 2021, BioIVT acquired the virtual biobank Tissue Solutions Ltd. in the United Kingdom. For drug development, assay creation and validation, biomarker and companion diagnostic research, and other types of research, Tissue Solutions provides high-quality tissue and other biological resources. In addition, Hamilton Storage will introduce RackWare racks and new sample storage tubes at the SLAS 2020 International Conference and Exhibition in February 2020.

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Market Segmentation:

By Service Type:
• Human Tissue Biobanking
• Stem Cell Biobanking
• DNA/RNA Biobanking
• Cord Biobanking
• Other Services

By Sample Type:
• Blood Products
• Human Tissues
• Cell Lines
• Nuclei Acids

By Application:
• Regenerative Medicine
• Life Science
• Clinical Research

Geographical Classification:
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East
• Africa

Major Companies Listed:

Alpha Cord Inc., Autogen Inc., BioCision, Biokryo GmbH, BioLife Solutions Inc., Biomatrica Inc., BioStorage Technologies Inc., Cells4Life Ltd., and Cryo Bio System, among others.

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This release was published on openPR.