The global Biobanking Market size was valued at USD 3,000 million in 2022 and is projected to reach USD 5,000 million by 2033, growing at a CAGR of 11.5% during the forecast period. The market's industry trends are analyzed in the latest research study. Industry trends, pricing analysis, patent analysis, conference and webinar materials, important stakeholders, and market purchasing behavior are all included in the latest research study.

This market is expected to rise due in large part to the following factors: increased financing and investments in biobanks; precision medicine and genetic testing; growing trend of preserving newborn cord blood stem cells; and attractive funding conditions for regenerative medicine research. However, the high cost of automated machinery and problems with the handling of biospecimen samples are impeding the market's expansion.

The process of gathering and preserving biological materials for use in research, biodiversity studies, and diagnostics is known as biobanking market. Biobanks are essential to the advancement of individualized treatment, the upkeep and upgrading of age demographic datasets, and biomedical research projects. 

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Market Analysis and Insights Global Biobanking Market

  • Our market research report on the biobanking market offers analysis and insights into the many aspects that are anticipated to be prevalent throughout the course of the forecast period, along with their implications for the market growth. The biobanking industry is growing at a faster rate due to the global expansion of the biotechnology sector.
  • The process of gathering and conserving biological resources for use in research, study, and diagnostics is known as "biobanking." Biobanks are essential to the advancement of individualized medicine, the upkeep of age-demographic databases, and the funding of biomedical research projects.
  • One of the main reasons fueling the global surge in genomic research activities for illness research is the biobanking market. The industry is growing more quickly thanks to the growing practice of saving babies' cord blood stem cells for a variety of health benefits and government and corporate financing for regenerative medicine research. The necessity for affordable drug research and discovery as well as the rising worldwide burden of key diseases have a further impact on the industry. The biobanking market is also positively impacted by the growth of the biotechnology industry, improvements in the healthcare field, population increase, spike in healthcare spending, and developments in biobanking.

Global Biobanking market: Segmental Analysis

Product and Service

  • Equipment
  • Consumables
  • Services
  • Software

Sample Type

  • Tissues
  • Blood Products
  • Cell Lines
  • Nucleic Acids
  • Others.

Application

  • Regenerative Medicine
  • Drug Discovery
  • Precision Medicine
  • Others.

End-User

  • Academic and Research Institutions
  • Pharmaceutical Companies
  • Hospitals
  • Others.

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  • To gain an in-depth understanding of biobanking market
  • To obtain research-based business decisions and add weight to presentations and marketing strategies
  • To gain competitive knowledge of leading biobanking market players
  • It gives pin point investigation of changing rivalry elements and keeps you in front of contenders.
  • It helps in settling on educated business choices by having total bits of knowledge of market and by making inside and out investigation of market sections.

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Global Biobanking Market: Key Companies

  • Thermo Fisher Scientific, Inc.
  • Merck KGaA
  • Qiagen N.V.
  • Hamilton Company
  • Brooks Automation, Inc.
  • Promega Corporation
  • Tecan Trading AG
  • Becton, Dickinson and Company
  • Biokryo GmbH
  • Greiner Bio-One International GmbH
  • Others

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Opportunity:

Data Monetization and Commercialization

Biobanks can profit from their data by licensing access to researchers, pharmaceutical companies, and other stakeholders who require high-quality biological samples and related data for their research and development activities. Biobanks often work in conjunction with academic institutions, pharmaceutical corporations, and other organizations to pool their data for joint research and commercial applications. Biobanks can offer value-added services including data analysis, bioinformatics, sample processing, and quality control to its clients for an additional fee. These services improve the use of the data and open up new revenue streams for the biobank. Significant data-related intellectual property rights, such as patents on novel biomarkers or therapeutic targets found through data analysis, may be held by biobanks.

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