Press release
Biobanking 2017 Global Market Expected to Grow at CAGR 8 % and Forecast to 2020
Biobanking Market
This market research report includes a detailed segmentation of the global biobanking market by product type (equipment and consumables) and by sample type (human tissues, stem cells, DNA or RNA, bio-fluids, and others). It also outlines the market shares for key regions such as the Americas, APAC, and EMEA. The key vendors analyzed in this report are Beckman Coulter, BioCision, Taylor-Wharton, Tecan, Thermo Fisher, and VWR.
Market outlook of the global biobanking market
Technavio’s market research analyst predicts the global biobanking market to grow steadily at a CAGR of approximately 8% during the forecast period. The ability of biobanks to aid in the collection, preparation, processing, handling, recovery, storage, and distribution of tissues and cell samples for therapeutic and research purposes are expected to result in this market’s impressive growth rate during the forecast period.
Geographically, the EMEA region is estimated to account for a market share of approximately 44% during the predicted period. The presence of a well-established biobanking system in the Nordic countries, such as Sweden, Norway, Denmark, Finland, and Iceland, is a significant factor that bolsters market growth in this region during the forecast period.
Segmentation by sample type and analysis of the biobanking market
• Human tissues
• Stem cells
• DNA or RNA
• Bio-fluids
• Others
According to this market research, the human tissues segment is estimated to account for a market share of approximately 65% during the forecast period. The unavailability of appropriate animal models for some neurological and psychiatric disorders is a critical factor that results in the growing preference for human tissue specimens or samples stored in biobanks.
Product-type segmentation of the biobanking market
• Equipment
• Consumables
Technavio market research analysts have predicted the equipment segment to be the largest market segment during the forecast period. The ability of this segment to aid in the storage, handling, maintenance, transport, and tracking of samples and specimens is a noteworthy factor, which results in its impressive market share of more than 74% during the estimated period.
Competitive landscape and key vendors
This market is highly fragmented due to the presence of numerous small and large vendors and is primarily dominated by prominent vendors like Beckman Coulter and Taylor-Wharton. Since the products offered in this market are similar in nature, vendors have to differentiate their services in terms of automation of existing technology and value-added services to gain an edge over their rivals.
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The top vendors in this market are -
• Beckman Coulter
• BioCision
• Taylor-Wharton
• Tecan Group
• Thermo Fisher Scientific
• VWR
Other prominent vendors analyzed in this market study are Askion, B&C Group, BioBank, BioCryo, BioRep, BioStorage Technologies, Bluechip, Brooks Life Science Systems, Cryo Bio System, CryoXtract, DNA Genotek, Excilone, Fluidx, Indivumed, LVL Technologies, Micronic, Promega, QIAGEN, RURO, Seralab, SOL Group, Tissue Solutions, Trans-Hit Biomarkers, and Wildcat Laboratory Solutions.
Key questions answered in the report include
• What will the market size and the growth rate be in 2020?
• What are the key factors driving the global biobanking market?
• What are the key market trends impacting the growth of the global biobanking market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the vendors in the global biobanking market?
• What are the trending factors influencing the market shares of the Americas, APAC, and EMEA?
• What are the key outcomes of the five forces analysis of the biobanking market?
Table of Contents:
PART 01: Executive summary
Highlights
PART 02: Scope of the report
Market overview
Top-vendor offerings
PART 03: Market research methodology
Research methodology
Economic indicators
PART 04: Introduction
Key market highlights
PART 05: Biobanks: An overview
Types of biobanks
Classification of biobanks
List of commercial biobanks
PART 06: Storage conditions for samples
Controlled room temperature
Refrigeration
Frozen
Ultra-low
Cryogenic LN2
PART 07: Market landscape
Market overview
Market size and forecast
Five forces analysis
PART 08: Biobank funding and financial sustainability
Moving toward cost recovery model
PART 09: Harmonization of biobanking
PART 10: Market segmentation by product
Market overview
Global biobanking equipment market
Global biobanking consumables market
PART 11: Market segmentation by sample type
Market overview
PART 12: Geographical segmentation
Biobanking market in EMEA
Biobanking market in Americas
Biobanking market in APAC
PART 13: Market drivers
Rise in aging population and incidence of chronic diseases
Increase in efficiency through automation
Reduction in research costs
PART 14: Impact of drivers
PART 15: Market challenges
PART 16: Impact of drivers and challenges
PART 17: Market trends
PART 18: Vendor landscape
Competitive scenario
Market share analysis
Beckman Coulter
BioCision
Taylor-Wharton
Tecan Group
Thermo Fisher Scientific
VWR
Continued…….
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