Press release
Biobanking Market size to reach $60.37 Billion by 2035 | Key players include Thermo Fisher Scientific, Merck KGaA, Qiagen N.V., Brooks Life Sciences, Hamilton Company
Biobanking Market
Biobanking Market is experiencing strong expansion as organizations deepen their focus on translational research, genomic sequencing, biomarker discovery, and stem cell applications.
In 2025, the market size stands at USD 26.7 billion, reflecting robust demand for structured biospecimen repositories and enhanced sample preservation solutions. This growth is supported by rising prevalence of chronic diseases, expanded genomic research funding, and adoption of biobanking technologies by pharmaceutical and biotechnology industries.
By 2035, the Biobanking Market is projected to reach USD 60.37 billion, driven by advancements in storage automation, AI-powered sample tracking systems, integration of electronic laboratory notebooks (ELN), and expansion of population-based biobanks. The global market is expected to grow at a CAGR of 8.5% from 2026-2035, highlighting the sector's long-term strategic significance in medical research and innovation.
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Regional Performance Highlights
North America is expected to maintain its leadership, securing 40.8% market share by the end of 2035. The region benefits from advanced research infrastructure, robust biotechnology investments, government-led genomic initiatives, and the presence of large-scale commercial biobanks. Strong collaborations between academic institutions, biopharma companies, and research organizations further enhance market growth.
Europe holds the second-largest share of the global Biobanking Market, supported by extensive biomedical research programs, EU-funded genomic initiatives, and long-standing population biobanks in countries such as the U.K., Sweden, and Germany. The region's focus on ethical data governance, sustainability in biobanking operations, and cross-border research collaborations continues to drive adoption.
Asia Pacific represents a fast-growing region due to rising healthcare investments, expansion of genome sequencing programs, and increasing clinical research activities in China, India, Japan, and South Korea. Growing prevalence of lifestyle-related diseases and increased participation in international research consortia are accelerating the need for high-quality biobanking services and advanced storage solutions.
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Segmental Insights
Among various product categories, the blood products segment is projected to hold the largest market share over the projected timeframe. Blood-derived biospecimens-including plasma, serum, and whole blood-are extensively used in genomics, oncology research, biomarker discovery, and clinical diagnostics. Their versatility, availability, and wide research applicability make them the most in-demand biospecimen category.
Biobanking serves multiple high-value applications across healthcare, biotechnology, and life sciences:
• Disease Research and Biomarker Discovery: Biobanks play a crucial role in studying rare diseases, cancer progression, immune system disorders, and metabolic diseases.
• Precision Medicine: Genetic data linked with biospecimens enables personalized treatment development and risk profiling.
• Drug Discovery and Development: Pharmaceutical companies rely on large biobank datasets for identifying therapeutic targets and validating drug responses.
• Regenerative Medicine and Stem Cell Research: Stem cell biobanking supports tissue engineering, cell therapies, and regenerative applications.
• Clinical Trials: Biobanks streamline sample collection, storage, and retrieval for multi-phase clinical studies.
The increasing integration of digital platforms, automated storage systems, and AI-driven data analysis tools further enhances biobank efficiency, scalability, and research output.
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Top Market Trends
1. Digital Biobanking and AI-Driven Sample Management
One of the most influential trends is the acceleration of digital biobanking, where AI and automation streamline specimen tracking, data integration, and predictive analytics. AI-enabled systems minimize human error, optimize sample retrieval, and enhance data accuracy. Recent industry shifts include deployment of cloud-based laboratory information management systems (LIMS) that support secure, interoperable data exchange.
2. Growth of Population Biobanks and Genomic Initiatives
Governments and private organizations are expanding large-scale, population-wide biobanks to support genomics-driven healthcare. Initiatives such as national genome sequencing programs and precision medicine projects are enhancing the demand for structured, ethically governed biobanks. Many countries have launched longitudinal data collection programs to accelerate epidemiological and genetic studies.
3. Sustainability in Biobanking Infrastructure
Sustainability has emerged as a key priority, with an increasing push toward energy-efficient freezers, eco-friendly storage facilities, and reduced carbon footprint. Research institutions and biobanks are transitioning to low-energy cryogenic systems and implementing green building certifications to strengthen environmental responsibility. Recent developments highlight industry investments in smart facility management systems that optimize power consumption and cold-chain operations.
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Recent Company Developments
Below are five notable company activities shaping the global Biobanking Market over the past 12 months:
1. Thermo Fisher Scientific
Thermo Fisher expanded its biorepository services with new automated sample management solutions and high-capacity cold storage systems. The company invested in digital LIMS platforms and strengthened its global biobanking service network to support pharmaceutical R&D and genomic studies.
2. Merck KGaA
Merck introduced upgraded cryopreservation media and sample stabilization technologies to improve the quality and longevity of biospecimen storage. The company also announced new collaborations with biotech firms to advance clinical research through integrated biobanking solutions.
3. Qiagen N.V.
Qiagen expanded its biobanking product line with new kits designed for nucleic acid stabilization and purification. Recent partnerships with research institutions aim to enhance large-scale genomic workflows and strengthen the company's foothold in precision medicine.
4. Brooks Life Sciences (now Azenta Life Sciences)
Azenta Life Sciences launched next-generation automated storage systems and expanded its global biorepository footprint. The company emphasized investments in robotics, AI-based tracking, and cloud-enabled sample management.
5. Hamilton Company
Hamilton introduced advanced robotics-driven biobanking systems designed to improve accuracy, temperature stability, and operational efficiency. The company also enhanced its integration capabilities with digital lab platforms to support fully automated biobank environments.
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