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 : April, 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.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?