Press release
Biobanking Services Market Expansion Led by Key Players: Thermo Fisher Scientific, QIAGEN, Tecan Trading AG, and TTP Labtech
Biobanking Services Market
According to DataM Intelligence, the global biobanking services market reached USD 48.56 billion in 2023 and rose to USD 51.00 billion in 2024. It is projected to reach USD 81.68 billion by 2033, growing at a CAGR of 5.4% during the forecast period (2025-2033). The market's growth is supported by increasing investments in healthcare R&D, rising demand for personalized therapies, and government-backed initiatives in genomics and population health. Human tissue biobanking is the leading segment, while North America dominates the global market, driven by strong research infrastructure, funding initiatives, and regulatory frameworks that support biobank integration into clinical workflows.
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Key Highlights from the Report
➤ The global biobanking services market was valued at USD 48.56 billion in 2023 and is projected to reach USD 81.68 billion by 2033.
➤ Human tissue biobanking is the largest segment due to demand in cancer and chronic disease research.
➤ North America leads the market, while Asia-Pacific is forecast to record the fastest growth.
➤ Population-scale genomic initiatives are fueling demand for advanced biobanking solutions.
➤ Cloud-based data storage and digital biobanking are transforming sample management.
➤ Strategic collaborations between biobanks and pharmaceutical firms are driving translational research.
Market Segmentation
By Service Type
The market is segmented into human tissue biobanking, stem cell biobanking, DNA/RNA biobanking, cord biobanking, and other services (e.g., biofluid storage, microbial biobanking). Human tissue biobanking is the largest segment, supporting cancer research, drug development, and diagnostics. Stem cell biobanking is growing rapidly due to advancements in regenerative medicine and therapies. DNA/RNA biobanking is essential for genetic and genomic studies, while cord biobanking (umbilical cord blood and tissue) supports hematopoietic stem cell transplants and regenerative applications. Other services cater to niche research needs.
By Sample Type
Key sample types include blood products, human tissues, cell lines, and nucleic acids. Blood products (e.g., whole blood, serum, plasma) are the most commonly stored samples due to their versatility in biomarker research and diagnostics. Human tissues, such as tumor biopsies, are critical for oncology and pathology studies. Cell lines enable reproducible in vitro research, and nucleic acids (DNA/RNA) are fundamental for genetic analysis. The demand for high-quality, annotated samples drives standardization across sample types.
By Application
Segmentation includes regenerative medicine, life science research, and clinical research. Life science research is the largest application, leveraging biobanked samples for basic and translational studies in genomics, proteomics, and drug discovery. Clinical research relies on biobanks for patient-derived samples to validate biomarkers and therapeutic targets. Regenerative medicine is a fast-growing segment, using stem cells and tissues for cell therapies and tissue engineering. Other applications include toxicology and environmental health studies.
Regional Insights
North America dominates the global biobanking services market, led by the United States. The U.S. has a strong research ecosystem supported by major federal initiatives such as the NIH's All of Us Research Program, which aims to collect biospecimens and health data from over one million participants to advance precision medicine. The country is also seeing a rapid shift toward digital biobanking solutions, with leading providers integrating AI and cloud technologies to improve sample traceability and large-scale data management. Additionally, partnerships between U.S.-based pharmaceutical companies and academic biobanks are accelerating translational research in cancer and rare diseases.
Europe is the second-largest market, with well-established population-based biobanks such as UK Biobank and Germany's National Cohort (NAKO) supporting large-scale genetic studies. Regulatory frameworks in Europe emphasize ethical standards and cross-border collaboration, which further strengthen the region's market position.
Asia-Pacific is projected to register the fastest CAGR (2025-2033). Within the region, Japan stands out as a global leader in regenerative medicine and stem cell research. The Japanese government has launched nationwide genomic and biobanking initiatives to support iPSC (induced pluripotent stem cell) research and regenerative therapies. Hospitals and universities are increasingly integrating biobank-driven rare disease and cancer research programs, while insurance reimbursement policies are expanding support for advanced therapies that rely on biobanking infrastructure. Meanwhile, China and India are investing heavily in biobank expansion to support genomics and pharmaceutical R&D.
Latin America and the Middle East & Africa are emerging markets with increasing adoption. Brazil has expanded its national biobank network to support cancer genomics, while Saudi Arabia is investing in large-scale population health biobanking as part of its Vision 2030 healthcare transformation agenda.
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Market Dynamics
Market Drivers
The primary drivers include the rising demand for precision medicine, increasing prevalence of chronic diseases such as cancer and cardiovascular disorders, and large-scale genomic initiatives. Governments worldwide are investing in population-scale biobanks to accelerate personalized medicine research. Additionally, advances in cryopreservation and digital biobanking technologies are enhancing sample storage and accessibility.
Market Restraints
High operational costs, ethical concerns regarding patient consent and data privacy, and stringent regulations pose challenges. Smaller biobanks often face sustainability issues due to funding limitations, while cross-border sample sharing is restricted by regulatory complexities.
Market Opportunities
The market offers opportunities in digital transformation of biobanking through cloud-based data systems, blockchain integration for secure sample tracking, and expansion into emerging economies. The growth of regenerative medicine and cell-based therapies also opens new demand avenues for specialized biobanking services.
Reasons to Buy the Report
✔ Comprehensive market forecasts and insights through 2033.
✔ Detailed segmentation by sample type, application, and end-user.
✔ Regional analysis highlighting North America's dominance and Asia-Pacific's growth potential.
✔ Assessment of innovations in cryopreservation and digital biobanking.
✔ Competitive landscape profiling key players and their strategies.
Frequently Asked Questions (FAQs)
◆ How Big is the Global Biobanking Services Market in 2023?
◆ Who are the Major Players in the Biobanking Services Market?
◆ What is the CAGR of the Market Between 2025 and 2033?
◆ What is the Revenue Forecast for the Biobanking Services Market by 2033?
◆ Which Region is Expected to Dominate the Market During the Forecast Period?
Company Insights
Key players operating in the Biobanking Services Market include:
✔ Crown Bioscience Company (Indivumed Services)
✔ Harrow Green Limited
✔ QIAGEN
✔ Sampled
✔ Tecan Trading AG
✔ Thermo Fisher Scientific Inc.
✔ TTP Labtech
✔ UHN Biospecimen Services
✔ VigiSolvo
Recent Developments
» In 2024, Thermo Fisher Scientific expanded its digital biobanking solutions to improve sample traceability and data integration.
» In 2023, Lonza Group partnered with global academic institutions to establish advanced biobanks for regenerative medicine research.
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Conclusion
The biobanking services market is set for steady growth, reaching USD 81.68 billion by 2033. Its expansion is driven by the rising demand for personalized medicine, increasing genomic initiatives, and technological advancements in sample storage and management. While ethical concerns and high costs remain challenges, the shift toward digital biobanking, integration with precision medicine, and growth in emerging economies present major opportunities. With North America leading adoption and Asia-Pacific witnessing the fastest growth, biobanking services will continue to play a pivotal role in shaping the future of biomedical research and healthcare innovation.
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Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
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Website: https://www.datamintelligence.com
About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.
Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.
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