North America Biobanks Market 2021 Growth Overview, Statistics, Industry Trends, Competition Strategies, Revenue Analysis, Key Players, Revenue, Opportunities, Challenges

The biobanks market in North America is expected to grow from US$ 875.19 million in 2021 to US$ 1,386.56 million by 2028; it is estimated to grow at a CAGR of 6.8% from 2021 to 2028.

Regenerative therapies help induce the regeneration of cells, tissues, and organs and restore their functions. Each year, the increasing number of regenerative medicine applications for human clinical trials is submitted to the Food and Drug Administration (FDA). As per the Alliance for Regenerative Medicine, in the Q3 of 2019, 1,052 clinical trials utilizing regenerative medicine were underway globally. Also, 218 cellular therapy trials were underway (41 Phase I, 147 Phase II, 30 Phase III) in 2019. Rapid advancements in regenerative medicines to provide effective solutions for chronic conditions drive market growth. Cell therapy is one of the fastest-growing segments of the regenerative medicine domain. Novartis's Kymriah was the first cell therapy solution to treat B-cell acute leukemia. Moreover, RepliCel, a regenerative medicine provider, has a wide range of regenerative medicine products in the pipeline, with three products-RCH-01, RCS-01, and RCT-01-in the development phase.

The latest North America Biobanks market study offers an all-inclusive analysis of the major strategies, corporate models, and market shares of the most noticeable players in this market. The study offers a thorough analysis of the key persuading factors, market figures in terms of revenues, segmental data, regional data, and country-wise data. This study can be described as most wide-ranging documentation that comprises all the aspects of the evolving North America Biobanks market.

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North America Biobanks Market - Companies Mentioned
• THERMO FISHER SCIENTIFIC INC.
• Tecan Trading AG
• QIAGEN
• Hamilton Company
• Avantor, Inc.
• MICRONICS JAPAN CO., LTD.
• BD
• Taylor-Wharton
• Brooks Automation, Inc.
• Promega Corporation
• SciSafe Inc.

North America Biobanks Market Segmentation
North America Biobanks Market - By Product and Service
• Equipment
o Storage Equipment
o Sample Analysis Equipment
o Sample Processing Equipment
o Sample Transport Equipment
• Consumables
o Storage Consumables
o Analysis Consumables
o Processing Consumables
o Collection Consumables
• Service
o Storage Services
o Processing Services
o Transport Services
o Supply Services
• Software

North America Biobanks Market - By Sample
• Blood Products
• Human Tissues
• Cell Lines
• Others

North America Biobanks Market - By Application
• Regenerative Medicine
• Life Science Research
• Clinical Research

North America Biobanks Market - By Country
• US
• Canada
• Mexico

The research report provides deep insights into the market revenue, parent market trends, macro-economic indicators, and governing factors, along with market attractiveness per market segment. The report provides an overview of the growth rate of North America Biobanks market during the forecast period, i.e., 2021-2028. Most importantly, the report further identifies the qualitative impact of various market factors on market segments and geographies. The research segments the market on the basis of product type, application, technology, and region. To offer more clarity regarding the industry, the report takes a closer look at the current status of various factors including but not limited to supply chain management, niche markets, distribution channel, trade, supply, and demand and production capability across different countries.

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The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2021-2028? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the North America Biobanks market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the North America Biobanks market?
4. What are the prominent market trends influencing the development of the North America Biobanks market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the North America Biobanks market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the North America Biobanks market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the North America Biobanks market segments and regions.

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