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Biobanking Market by Product and Service(Equipment, Consumables, Services, Software), Sample Type (Blood Products, Human Tissues, Cell Lines, Nucleic Acids), Application( Regenerative Medicine, Life Science, Clinical Research) - Global Forecast to 2022

Biobanking Market: Global Forecast until 2022

  • August 2017
  • 173 pages
  • ID: 5064741
In this report:
According to the Deloitte Touche Tohmatsu Limited (DTTL) Life Sciences and Health Care Industry Group, in 2015, pharmaceutical spending in North America was projected to rise at an average of ##.##% annually, encouraged by rising employment and continued economic recovery in the region.
In 2017, the regenerative medicine segment is expected to account for the largest share of ##.##% of the biobanking application market in India.

Summary

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The biobanking market is forecasted to reach ~$2.7B by 2022 from ~$1.9B in 2017, at a compound annual growth rate (CAGR) of 7.80 percent.

Factors driving the rise of this market contain the growing number of genomics research activities for studying diseases; advances in biobanking and the increasing trend of conserving cord blood stem cells of newborns; government & private funding to support regenerative medicine research, and the increasing need for cost-effective drug discovery and development. On the other hand, the increase of this market is hindered to some extent due to the high cost of automation and issues associated to biospecimen sample procurement.

"Automated storage is projected to register the highest CAGR (Compound annual growth rate) during the estimate period"

The biobanking market is classified by storage type into manual and automated storage. The automated storage type segment is anticipated to grow at a higher rate during the outlook period. This is attributed to launch of new and advanced automated storage equipment and growing demand for the quality storage of samples.

"Regenerative medicine to lead the sector during the estimate period"

The biobanking market is divided established on the basis of applications regenerative medicine, life science research, and clinical research. In 2017, the regenerative medicine segment is anticipated to command the biggest share and is also expected to grow at the quickest rate as distinguished to other segments. This can be connected to growing research activities in the field of regenerative medicine and increasing demand for well-annotated and quality biosamples for analysis.

"Asia Pacific (APAC) is intended to grow at the highest compound annual growth rate (CAGR) during the outlook period"

Geographically, the biobanking market is leaded by, is monopolized by North America (NA), succeeded by EU. The Asia Pacific (APAC) area is forecasted to grow at the quickest rate which can be attributed to the big population in China (CN) and India (IN), rising research in regenerative medicine, and improving life sciences research infrastructure in the territory.

The primary interviews conducted for this market report can be categorized as follows:

• By Company category - Tier 1 - 70.0 percent and Tier 2 - 30.0 percent

• By Description - C-suite - 62.0 percent, D-level - 21.0 percent, Others - 17.0 percent

• By Area - North America continent - 50.0 percent, Europe (EU) - 20.0 percent, Asia- Pacific - 30.0 percent

The top players in the biobanking market contain Thermo Fisher Scientific (NYSE:TMO), Tecan Group Ltd., Qiagen N.V., Hamilton Company, Brooks Automation, TTP Labtech Ltd, VWR Corporation, Promega Corporation, Worthington Markets [], Chart Sectors, Becton Dickinson (NYSE:BDX), Becton, Dickinson and Company (BD) (NYSE:BDX), Merck KGaA (MKGA), Micronic, LVL Technologies GmbH & Co. KG, Panasonic Healthcare Holdings Co. Ltd, Greiner Bio One [Greiner Holding AG, Austria (AT))], Biokryo GmbH, Biobank AS, Biorep Technologies Inc., Cell & Co Bioservices, RUCDR infinite biologics, Modul-Bio, CSols Ltd, Ziath, and LabVantage Solutions Inc..

Scope of the Report:

The report analyses the biobanking market by product and service, sample type, storage type, application and territories. Apart from comprehensive geographic & product review and sizing of market, the study also offers a competitive analysis that includes the increase strategies approved by sector actors over the last three years. Additionally, the corporation reviews include the product types, advancements, and strategies approved by prominent market actors to maintain and rise their companies in the industry.

Market research data, current market size, and forecast of the future trends will facilitate top market players and new sector entrants to make the essential decisions regarding product offerings, geographic focus, change in strategic way, and levels of output in order to remain successful in the type, products, applications, final users, and localities.

Main highlights

This business report will allow both established firms as well as new entrants/smaller companies to measure the pulse of the sector, which in turn will facilitate these companies collect greater segment market share. Companies obtaining the analysis can use any one or an aggregation of the below-mentioned five strategies for strengthening their market shares.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on the product portfolios of the top actors in the biobanking market

• Product Development/Innovative products: In-depth understanding on the next technologies, Research&development activities, and launches of new product in the biobanking market

• opposing assessment: In-depth assessment of the market strategies, geographic and industry segments, and product review of the main players in the biobanking market

• Market Development: Highlighted information about emerging sectors. This industry report examines the sector for different biobanking products across geographies

• industry diversification: Complete information about recent products, untapped areas, recent evolutions, and market investments in the biobanking market

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