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Biobanking Market with Current Trends Analysis 2013 - 2019
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The global biobanking market is witnessing an exponential growth owing to the increasing prevalence of chronic diseases. Furthermore, biobanks are also playing an important role in the development of new drugs which is further augmenting the market growth. Various facilities such as hospitals, research laboratories, academic centers and commercial facilities collect biological specimens and biomaterials from biobanks. However, lack of high quality samples could pose a challenge to the growth of this industry. Global biobank market is categorized on the basis of disease based biobank, population biobanks and private sector biobank. Further, market is segmented on the basis of application such as lung cancer, colorectal cancer, breast cancer, cardiovascular disease, immunology-autoimmune diseases and central nervous system disorders.
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Geographically North America and Europe dominates the biobank market owing to the presence of large players that are domiciled out of these nations. However, Asian region is expected to emerge in the future due to presence of large population base. The biobanking market is witnessing mergers and acquisitions among the manufacturers. Key players dominating the market are Beckman Coulter Inc., Thermo Fischer Scientific, New Brunswick Scientific Co. Inc., Tecan AG and others.
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