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Clinical Trial Biorepository And Archiving Solutions Market on Track for Strong Growth, Estimated to Grow at 8.1% CAGR Through 2029
Clinical Trial Biorepository And Archiving Solutions Market
What Is the Expected CAGR for the Clinical Trial Biorepository And Archiving Solutions Market Through 2025?
The market size for clinical trial biorepository and archiving solutions has experienced significant growth in the past few years. The market value is projected to increase from $4.1 billion in 2024 to $4.43 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors contributing to this growth during the historical period include the escalating prevalence of pharmaceuticals, a growing focus on molecular profiling, enhanced emphasis on data storage and management, an increasing need for medical research, and a surge in demand for personalized medicine.
What's the Projected Size of the Global Clinical Trial Biorepository And Archiving Solutions Market by 2029?
Anticipated to witness significant expansion in the coming years, the clinical trial biorepository and archiving solutions market is projected to expand up to "$6.05 billion by 2029, with a compound annual growth rate (CAGR) of 8.1%. The projected expansion during the forecast period can be attributed to a surge in clinical trials, growing demand for cell and gene therapies, increasing concentration on precision medicine, rising adoption of digital technologies, and the expansion of the health industry. The principal trends for the forecast period encompass the establishment of standardized protocols, incorporation of cloud-based solutions, breakthroughs in sample preservation techniques, advanced biorepository solutions, and cutting-edge storage and data management systems.
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Top Growth Drivers in the Clinical Trial Biorepository And Archiving Solutions Industry: What's Accelerating the Market?
The future growth of the clinical trial biorepository and archiving solutions market is anticipated to be driven by the increasing number of clinical trials. These research studies have the purpose of testing the safety, efficacy and side effects of new medical treatments or drugs on humans. The growth in clinical trials is attributed to advancements in medical research and the surge in personalized medicine, which necessitates more diverse and focused clinical testing. Clinical trial biorepository and archiving solutions bolster the growth of clinical trials by ensuring the secure, long-term storage of biological samples, facilitating their easy retrieval, and adhering to regulatory standards, thereby enhancing the reliability of data and expediting future research. For instance, a report published by the Association of the British Pharmaceutical Industry (ABPI) in November 2023 revealed that the total number of industry clinical trials being initiated on an annual basis in the UK experienced a minor 4.3% increase, rising to 411 in 2022 from 394 in 2021. As a consequence, the burgeoning number of clinical trials is stimulating the growth of the clinical trial biorepository and archiving solutions market.
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What Long-Term Trends Will Define the Future of the Clinical Trial Biorepository And Archiving Solutions Market?
Leading firms in the clinical trial biorepository and archiving solutions market are primarily focused on creating innovative technologies, such as modern biorepository installations, to enhance storage, data handling, and compliance in clinical studies. A modern biorepository installation refers to a leading-edge storage and control center provided with the latest technology to safeguard biological samples and clinical trial data. For example, in January 2025, Azenta Life Sciences, a biotech organization based in the US, launched a modern biorepository installation in Greater Boston to support the biotech and life sciences industries with superior sample storage and management. This facility brings efficiency in managing research, clinical trials, and biobanking and also offers safe, compliant remote storage for clinical trials.
What Are the Main Segments in the Clinical Trial Biorepository And Archiving Solutions Market?
The clinical trial biorepository and archiving solutions market covered in this report is segmented -
1) By Product: Preclinical Products, Clinical Products
2) By Service: Biorepository Services, Archiving Solution Services
3) By Application: Research And Development , Clinical Trials , Regulatory Compliance , Drug Development
4) By End User: Pharmaceutical Companies, Biotechnology Firms, Contract Research Organizations, Academic Institutions
Subsegments:
1) Preclinical Products: Biospecimen Storage, Sample Processing And Preservation, Inventory Management Solutions, Data Management And Informatics
2) Clinical Products: Biological Sample Archiving, Drug Compound Storage, Regulatory Compliance Solutions, Temperature-Controlled Storage
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Which Top Companies are Driving Growth in the Clinical Trial Biorepository And Archiving Solutions Market?
Major companies operating in the clinical trial biorepository and archiving solutions market are Thermo Fisher Scientific Inc., GE HealthCare, Labcorp Holdings Inc., IQVIA, ICON plc, Avantor Inc., VWR International LLC, Charles River Laboratories, Parexel , Clinigen Limited, Inotiv Inc., Medpace Holdings Inc., LabConnect LLC, Azenta Life Sciences, HSRL Holdings LLC, EPL Archives, Manuh Solutions LLC, EMINENT Services Corporation, Boca Biolistics LLC, Astoriom
Which Regions Will Dominate the Clinical Trial Biorepository And Archiving Solutions Market Through 2029?
North America was the largest region in the clinical trial biorepository and archiving solutions market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the clinical trial biorepository and archiving solutions market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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