Bio Banking Market Growth 2022 to 2030, Future Trends and Forecast | CAGR 4.6%

The Global Biobanks Market Size Was Valued At USD 66.7 Billion In 2022 And Is Expected To Expand At A Compound Annual Growth Rate (CAGR) Of 4.6% From 2022 To 2030.

Bio Banking Market Overview:

Global Bio Banking Market 2022-2030, report discovers comprehensive insights on key manufacturers with share information, market size and projection, key dynamics, growth factors, and new company profiles. The report provides detailed information about the market overview, prevalent trends, demand, and recent developments impacting the market growth in the coming years. Bio Banking Market opportunities analysis, strategic growth analysis, product launches, marketplace expanding, and technological innovations are also highlighted. The report uncovers Bio Banking market size, potential growth, trends and expansion strategies followed by top prominent players.

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As rare and fatal diseases such as cancer increase worldwide, there has been a great demand for storing and preserving biospecimens in the development of new drugs. Therefore, the global demand for biobanking facilities has increased for conducting research and innovation in the field of medicine.
With the increasing need for genetic testing and personalized medicine, leading manufacturers are investing in the development of biobank equipment such as Temperature Control Systems, Alarms, and monitoring of biobanking systems, which has sparked sales of banking products worldwide.
Over the past few decades, various factors are driving the growth of the global Biobanking market, such as high investment in research and development of advanced therapies such as regenerative medicine, self-organized, in the study of cancer cells, the rise of protecting blood vessels. cells and many others. This has ultimately increased the demand for Biobanking across the globe. In addition to this, the rise in government funding and precision medicine initiatives and increased focus on R&D of cell therapy will create huge opportunities for Biobanking over the forecast period. However, legal and ethical challenges in biobanking programs and high operational costs are some of the factors that may restrain the Biobanking market growth.

Some of the key players profiled in the study are
BioIVT & Elevating Science, Geneticist Inc, Firalis S.A, AMS Biotechnology Ltd. (AMSBIO LLC), US Biolab Corporation, Inc, ProteoGenex, Inc., Cureline, Inc., Bay Biosciences LLC, CTI Biotech, Boca Biolistics, and Others.

Bio Banking Market Segmentation:

By Type:
Population-Based Biobank
Disease-Oriented Biobank
Other

By Product:
Biobanking Equipment
Biobanking Incubators & Centrifuges
Biobanking Alarms & Monitoring Systems
Biobanking Accessories & Other Equipment
Biobanking Consumables
Other

By Applications:
Therapeutic
Research
Other

Latest Industry Developments:
• In 2017, Brooks Automation, Inc. (U.S.) established BioStore IIIv, BioStudies Biobank Data Management, FluidX, IntelliXcap Decapper systems to strengthen its product portfolio in the biobanking sector.
• In 2016, Thermo Fisher Scientific Inc. (US) entered into a partnership with Hamilton Storage (US) to strengthen Thermo Fisher's presence in the market.
• In 2015, Panasonic Healthcare Holdings (Japan) released the MDF-DU900V VIP -86°C Freezer.

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecasts (2022-2030) of the following regions are covered:
• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• South America (Mexico, Brazil, Argentina, Columbia, Rest of South America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

Europe dominates the market with a market size of $ 8.93 billion in 2018. It is said that this dominance is the presence of biobanks well in the Nordic countries such as Sweden, Norway, Denmark, and others. According to a report sent to Global Engage, which produces conferences and meetings for the Life Science and pharmaceutical sector, about 40% of the population of Iceland donated DNA, which is stored privately and privately in biobanks. Such contributions and production of samples are growing and adding to the market of European banks. Also, continuous efforts in R&D by European pharmaceuticals is also one of the reasons for the region's high market share. North America holds the second position in this market due to the research of many hospitals from research institutes and pharmaceutical companies. Also, increasing technological progress to improve the virtual biobank is a factor in the North American region. Asia Pacific is expected to register a high CAGR during the forecast period due to high sales of blood and cell samples to academic medical institutions for research purposes. Additionally, growing investment in setting up well-organized biobanks is also responsible for boosting the biobank market in the Asia Pacific region during the forecast period.
On the other hand, Latin America and the Middle East & Africa may show a very low growth in terms of market value due to regulatory challenges and low investment in the maintenance of biobanks.

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Table of Content of Bio Banking Market Report:
1. Executive Summary
2. Research Methodology
3. Market Outlook
4. Covid-19 Impact On Bio Banking Market
5. Bio Banking Market Overview, By Segmentation, 2017 - 2030 (USD Million)
6. Bio Banking Market Overview, By Geography, 2017 - 2030 (USD Million)
7. North America Bio Banking Market Overview, By Countries, 2017 - 2030 (USD Million)
8. Europe Bio Banking Market Overview, By Countries, 2017 - 2030 (USD Million)
9. Asia Pacific Bio Banking Market Overview, By Countries, 2017 - 2030 (USD Million)
10. Middle East & Africa Bio Banking Market Overview, By Countries, 2017 - 2030 (USD Million)
11. South America Bio Banking Market Overview, By Countries, 2017 - 2030 (USD Million)
12. Competitive Landscape
13. Key Vendor Analysis
14. Bio Banking Market Cost Analysis
15. Industrial Chain, Sourcing Strategy and Downstream Buyers
16. Marketing Strategy Analysis, Distributors/Traders
17. Market Effect Factors Analysis
18. Future Outlook of the Market

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Why You Should Buy This Report:
1. The forecast for the established and growing markets for global Bio Banking
2. Use Porter's Five Forces analysis to analyze various market perspectives.
3. The market segment that is anticipated to dominate the Bio Banking industry worldwide.
4. Geographical areas that are anticipated to experience the quickest growth over the projection period.
5. Identify the most recent innovations, market shares for global Bio Banking and marketing techniques used by the leading industry competitors.

Related Source: https://www.digitaljournal.com/pr/global-bio-banking-market-is-expected-to-grow-at-a-cagr-of-4-6-during-forecast-period

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