DNA & RNA Banking Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020 – 2030

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DNA & RNA Banking Services Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2020 – 2030

Status : June, 2021 | Biotechnology

Report Digest


DNA & RNA Banking Services Market: Overview         

Major advancements in medical science and technology, coupled with the increasing adoption of personalized medicine initiatives are likely to aid in expansion of the global DNA & RNA banking services market during the forecast period set between 2020 and 2030. Deoxyribonucleic acid (DNA) and ribonucleic acid (RNA) share a correlative relationship wherein the DNA stores and transfers information of the genetics whereas RNA acts as a messenger between the ribosomes and DNA and produces proteins for the body. The increasing cases of cancer worldwide have propelled the need for saving and storing DNA and RNA samples for future uses. This is likely to aid in expansion of the market for DNA and RNA banking services worldwide.

The global DNA & RNA Banking Services market is classified on the basis of specimen, service, application, end use, and region. In terms of service, the market is grouped into processing, data storage, quality control, storage, transportation, and others. Based on specimen, the market is bifurcated into buccal swabs & hair follicles, blood, and others. With respect to end use, the market is classified into hospitals & diagnostic centers, pharmaceutical & biotechnology companies, academic research, and others. Based on segmentation by application, the market for DNA & RNA Banking Services is segmented into clinical diagnostics, drug discovery & clinical research, therapeutics, and others.

The report on the global DNA & RNA Banking Services market is based on a comprehensive analysis and provides an elaborate overview of the market and its prime growth trajectories. This includes factors pushing up the growth rates of the market or creating hurdles for it. The report also emphasizes on the table of segments, and mentions the name of the dominating segment with its attributed factors. Furthermore, the report highlights the impact of the COVID19 pandemic on this market, analyzes the strategies that may turn out to be fruitful for the growth of the market in the years to follow.

DNA & RNA Banking Services Market: Competitive Landscape

Major vendors of this market are adopting various tactics to widen their presence in the overall market competition. Some players are investing heavily on research and development, of better storage options for RNA and DNA specimens and on clinical trials so as to ensure their quality and purity and to generate more revenues for their brand in order to emerge as a top leader or maintain their already existing position in the worldwide competition. Other players are indulging in joint ventures, partnerships, and similar collaborations to emerge as a strong contestant and gain a foothold in the competition.  

Some of the players functioning in this global market for DNA and RNA banking services are;

  • Thermo Fisher Scientific Inc.,
  • Brooks Life Sciences,
  • PreventionGenetics,
  • US Biolab Corporation, Inc.
  • GoodCell, DNA Genotek Inc.
  • LGC Biosearch Technologies,  
  • deCODE genetics,
  • Infinity Biologix,
  • ProteoGenex, 23
  • Me, Inc. EasyDNA.

DNA & RNA Banking Services Market: Trends and Opportunities

The increasing number of newly constructed and recently functioning imaging biobanks serves as the key factor aiding in expansion of the global market for DNA and RNA banking services market. In addition to this, the advancement in medical imaging and the use of computed tomography for identification and validation of non-invasive biomarkers for collecting images will also promote the growth of the market in the coming years.

DNA & RNA Banking Services Market: Regional Analysis

Geographically, the global DNA and RNA banking services marker is widespread into the regions of North America, Europe, Asia Pacific, Europe, and the Middle East and Africa. These regions are further classified on the basis of nations. Among these, North America emerged dominant and is likely to continue the same in the coming years as well, attributed to the presence of multiple biobanks. Moreover, the continuous efforts made by the government of Canada and the U.S. on storing tissue, blood, and other forms of specimens will also help the region witness significant growth.

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.

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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?