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The Biobanking Market is expected to witness market growth at a rate of 6.10% in the forecast period of 2022 to 2029. Data Bridge Market Research report on biobanking market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The expansion of biotechnology sector globally is escalating the growth of biobanking market.
Biobanking refers to a technique of collecting and preserving biological materials that can be further utilized for diagnosis, biodiversity research and studies. Biobanks play an important role in developing personalized medicine, maintaining and updating age demographic databases, and supporting biomedical research studies.
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The increase in genomic research activities for studying diseases across the globe acts as one of the major factors driving the growth of biobanking market. The rise in trend of conserving cord blood stem cells of newborns for various health advantages, and government and private funding to support regenerative medicine research accelerate the market growth.
Some of the major players operating in the biobanking market report are Thermo Fisher Scientific Inc, Tecan Trading AG, QIAGEN, Hamilton Company., Brooks Life Sciences, TTP Labtech, VWR International, LLC, Promega Corporation, Worthington Industries, BD, Merck KGaA, Biokryo GmbH, Cell&Co BioServices, RUCDR Infinite Biologics, Modul-Bio, STEMCELL Technologies Inc, BioLifeSolutions Inc., BioCision., and Taylor-Wharton., among others.
The countries covered in the biobanking market report are the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Global Biobanking Market Scope and Market Size
The biobanking market is segmented on the basis of product and services, sample type, storage type, type of biobank, ownership and application. The growth amongst these segments will help you analyze meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of products and services, the biobanking market is segmented into equipment, consumables, service and software. The equipment segment is further segmented into storage equipment, sample analysis equipment, sample processing equipment and sample transport equipment. The consumables segment is further segmented into storage consumables, analysis consumables, processing consumables, and collection consumables. Service segment of the biobanking market is further segmented into storage service, processing services, transport services, and supply services.
- On the basis of sample type, the biobanking market is segmented into blood products, human tissue, cell lines, nucleic acids, biological fluids and human waste products.
- On the basis of storage type, the biobanking market is segmented into manual storage and automated storage.
- On the basis of type of biobank, the biobanking market is segmented into population based biobanks and disease- oriented biobanks.
- On the basis of ownership, the biobanking market is segmented into national/regional agencies, nonprofit organization, university and private.
- On the basis of application, the biobanking market is segmented into regenerative medicine, life science research and clinical research.
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