Biobanking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

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Biobanking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2020 - 2030

Status : June, 2022 | Biotechnology

Report Digest


Biobanking Market – Overview

The biobanking market has been estimated to experience novel growth opportunities in the forthcoming years. The growth avenues in the global market are attributed to numerous factors, for instance, the rising number of biobanks around the world. In addition to this, increasing number of biosamples across the world because of which the requirement for the equipment remains high. Thus, based on these factors, the global market has been projected to grow at a significant speed in the near future.

In recent years, there has been a noteworthy increase in the research activities that are related to genomics in order to study diseases. Along with this, the rising trend to conserve the cord blood stem cells of newborns has also been estimated to fuel the growth avenues in the global market. Growing advances in biobanking along with an increasing requirement for the cost-effective process for the discovery and development of drugs are also bolstering the expansion avenues in the global market during the forecast period.

Biobanking Market – Key Drivers

There has been a noteworthy increase in the funding from the private and government bodies in order to support regenerative medicine research. Along with this, biobanking also plays a vital role to advance translational and biomedical research with the help of collection as well as preservation of the biological samples, for instance, nucleic acids, tissues, and blood. It is further used for research purposes in order to discover disease-relevant biomarkers and for prognosis, diagnosis, and predicting drug responses. Further, an increasing number of research activities for product development is predicted to boost the growth avenues in the global market in the coming years.

On the flip side, the high cost of automation and various issues about biospecimen sample procurement are predicted to curtail the growth opportunities in the biobanking market in the near future.

Biobanking Market – Recent Developments and Key Players

The nature of the biobanking market is fragmented in nature with the presence of numerous small and large-scale firms that are spread around the world. These market players are incorporating various growth strategies in order to develop novel expansion avenues in the following years. Expansion of company network, mergers and acquisitions, novel product launches, and partnerships or agreements are some pivotal strategies to develop the growth impetuses in the global market. Further, the companies have been using mergers and acquisitions for the utilization of strength, for example, enhancing company portfolio, capturing the untapped markets, broadening distribution network, developing novel products, and some intense R & D activities. The research report on the market provides an extensive competitive analysis as well as profiles of the prominent players. 

Some of the key players operating in the biobanking market are:

  • Thermo Fisher Scientific Inc.
  • Merck KGaA
  • Tecan Group Ltd.
  • Qiagen N.V.
  • Chart Industries
  • Hamilton Company
  • Brooks Automation
  • Promega Corporation
  • TTP Labtech Ltd.
  • VWR Corporation
  • Becton
  • Micronic
  • Biobank AS
  • Worthington Industries
  • Dickinson and Company

Biobanking Market – Regional Assessment

The biobanking market is divided into five major regions including North America, the Middle East & Africa, Europe, Latin America, and Asia Pacific on the basis of geographical locations. North America is expected to hold a noticeable dominance in the regional market in the following years. The global dominance is attributed to the well-established healthcare and research infrastructure in the region. In addition to this, increasing government investment in different healthcare industries is also propelling the growth avenues in the North America market in the near future.

Asia Pacific region is also estimated to grow at the highest CAGR with noticeable growth in India, China, and Japan. This regional growth is on the back of improvement in the life sciences research infrastructure along with growing government investment in biotechnology, pharmaceutical, and biomedical industries.

The reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?