Bio-banking Market to Surge at 8.63% CAGR, Approaching USD 61.05 Billion by 2030

Global Biobanking Market to Hit USD 61.05 Billion in 2030 at a Growth Rate of 8.63% as per Stellar Market Research study

Maximize Market Research, a business research firm has published a report on the "Global Biobanking Market". The total market size of the Global Biobanking Market was USD 34.20 Billion in 2023 and is expected to grow at 8.63% CAGR through the forecast period by reaching nearly USD 61.05 Billion in 2030

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Global Biobanking Market Report Scope and Research Methodology

Market Size in 2023: USD 34.20 Billion
Market Size in 2030: USD 61.05 Billion
CAGR: 8.63%
Forecast Period: 2024-2030
Base Year: 2023
Number of Pages: 226
No. of Tables: 50
No. of Charts and Figures: 36

Segment Covered: By Product & Service, Sample Type, Biobanks Type, Storage Type, Ownership, Application, End-user, and Region

Regional Scope: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America

Report Coverage: Market Share, Size and Forecast by Revenue | 2023-2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Competitive Analysis, SMR Competition Matrix, Key Players Benchmarking, Competitive Leadership Mapping, Global Key Players Market Ranking Analysis

Global Biobanking Market Overview:

The global biobanking market is poised for significant growth, driven by advancements in precision medicine, increasing demand for personalized therapies, and rising awareness regarding the importance of preserving biological specimens for research purposes. Biobanks play a crucial role in storing biological samples such as blood, tissues, and DNA, which are essential for understanding diseases, developing new drugs, and advancing medical research.

Global Biobanking Market Dynamics:

The Global Biobanking Market is influenced by several dynamic factors. The Advancements in Biomedical Research drive consumer demand, with its intricate tapestry of modern medicine, biobanks emerge as vital repositories of biological treasures-blood, tissues, and DNA-catalyzing breakthroughs in biomedical research. Fuelled by the quest for more advanced specimens, spurred by milestones like the Human Genome Project, these sanctuaries of data, propel the global biobanking market forward. Precision medicine, weaving together genes, environments, and lifestyles, finds its muse in biobanks, furnishing vast datasets and materials to unlock biomarkers and tailor therapies.

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Global Biobanking Market Segmentation Analysis:

By Product & Service

o Equipment
o Consumables
o Services
• Software

By Sample Type

• Blood Products
• Human Tissues
• Cell Lines
• Nucleic Acids
• Biological Fluids
• Human Waste Products

By Biobanks Type

• Physical/Real Biobanks
• Virtual Biobanks

By Storage Type

• Manual Storage
• Automated Storage

By Ownership

• Universities
• National/Regional Agencies
• Non-Profit Organizations
• Private Organizations

By Application

• Regenerative Medicine
• Life Science Research
• Therapeutics
• Drug Discovery & Clinical Research
• Clinical Diagnostics
• Other Applications

By End-user

• Pharmaceutical & Biotechnology Companies and CROs
• Academic & Research Institutes
• Hospitals

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Key Players in the Global Biobanking Market

1. Thermo Fisher Scientific, Inc. (US)
2. PHC Holdings Corporation (Japan)
3. QIAGEN N.V. (Germany)
4. Merck KGaA (Germany)
5. Avantor, Inc. (US)
6. Cryoport, Inc. (US)
7. Tecan Trading AG (Switzerland)
8. Azenta, Inc. (US)
9. Greiner Holding AG (Austria)
10. Hamilton Company (US)
11. AMSBIO (UK)
12. Bay Biosciences LLC (US)
13. BioKryo (Germany)
14. SPT Labtech (UK)
15. ASKION GmbH (Germany)
16. Cell&Co BioServices (France)
17. Ziath Ltd. (UK)
18. CTIBiotech (France)
19. Cureline (US)
20. Firalis Group (France)
21. Sopachem (Netherlands)
22. ProteoGenex (US)
23. US Biolab Corporation, Inc. (US)
24. Shanghai Zhangjiang Biobank
25. EuroBioBank network

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Key questions answered in the Global Biobanking Market report are:

• Which segment dominates the Global Biobanking Market?
• Which region held the largest Global Biobanking Market share in 2023?
• What is the expected Global Biobanking Market size by 2030?
• What was the key driver of the Global Biobanking Market?
• What is the expected CAGR of the Global Biobanking Market during the forecast period?

Key Offerings:

• Historical Market Size and Competitive Landscape
• Market Size, Share, Size & Forecast by Different Segments| 2023-2030
• Global Biobanking Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends
• Global Biobanking Market Segmentation- A detailed analysis By Product & Service, Sample Type, Biobanks Type, Storage Type, Ownership, Application, End-user, and Region
• Competitive Landscape- Profiles of selected key players by region in a strategic perspective
o Competitive landscape - Market Leaders, Market Followers, Regional player
o Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER's analysis

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About Maximize Market Research:

Maximize Market Research is a consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company's vision is to be an integral part of the client's business as a strategic knowledge partner. Maximize Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage. Its strong emphasis on symptomatic science and analysis of a market, buyer behavior, product usage, pricing pattern, and industry facet equips a strategy maker with an arsenal of data that will enable their organization to maintain its stronghold or plan strategies and take actions that will result in remarkable growth and increase their market position.

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