0
2021
Biobanking Market

Biobanking Market

by Specimen Type (Blood Products, Solid Tissue, Cell Lines, Nucleic Acid, and Others), by Type of Biobank (Population-based Biobanks, and Disease-oriented Biobanks), By Ownership (National/regional agency, Non-profit Organization, Universities, and Private Organization), by Application (Therapeutics, and Research) and End User (Academic Institutes, and Pharma & Biotech Companies): Global Opportunity Analysis and Industry Forecast, 2021-2028
Update Available On-Demand

Report Code: A02463
Pages: 291
Jun 2021 | 18709 Views
Author(s) : Apoorva S, Ravi T , Onkar S
Tables: 170
Charts: 27
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Biobanking Market

Request Now !

The global biobanking market was valued at $42,104.30 million in 2020, and is estimated to reach $69,518.70 million by 2028, growing at a CAGR of 6.20% from 2021 to 2028.

The Biobanks are used to collect and archived COVID-19 samples for future use to develop validated diagnostics, vaccines and therapeutics, which drives the market growth in near future.

Biobanking is a procedure to collect and preserve biological materials that can be further used for diagnosis, biodiversity studies, and research. Biobanks play a fundamental role in supporting biomedical research studies, developing personalized medicine, and maintaining & updating age demographic databases.  

The growth of the global biobanking market is majorly driven increase in application areas of bio banked samples; rise in funding from private & government organizations to biobanking; rise in genomic research activities, and increase in investment in R&D activities by various healthcare companies. For instance, in January 2021, the Federal Ministry of Education and Research supported the German biobank node work and provided €3.5 million in funding for a duration of three years. Moreover, in May 2021, Victorian government provided funds of $5 million to new COVID-19 biobank at Doherty Institute. Furthermore, in August 2020, Medicines Discovery Catapult (MDC) discovered one of the world largest virtual biobanks. The rapid expansion of virtual network covers 330 clinical sites and around 1.5 million bio-sample, and enhances the type of clinical samples available for drug discovery and diagnostics procedures. The rise in incidences of chronic diseases such as autoimmune diseases, cancer, and blood disorders boosts the growth of the biobanking market. In addition, the increase in population suffering from chronic diseases propels the market growth.

Biobanking--Market-2021-2028

However, side effects associated with the biobanking such as legal and ethical issue of biobanking and lack of awareness about biobanks, are expected to restrict the market growth during the forecast period.

Biobanking Market Segmentation

The biobanking market is segmented into the specimen type, type of biobank, ownership, application, end user, and region. By specimen type, the market is categorized into blood products, solid tissue, cell lines, nucleic acid, and others. By type of biobank, the market is bifurcated into population-based biobank and disease-oriented biobank. By ownership, it is divided into a national/regional agency, non-profit organization, universities, and private organization. The applications covered in the study include therapeutic and research. By end user, the market is bifurcated into academic institution and pharma & biotech companies. 

Region wise, the market is analyzed across North America (U.S., Canada and Mexico), Europe (Germany, France, UK, Italy, Spain and Rest of Europe), Asia-Pacific (Japan, China, India, Australia, South Korea and Rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia and Rest of LAMEA).

Biobanking Market
By Specimen Type

Your browser does not support the canvas element.

Blood products holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Segment review

Depending on type of specimen type, the blood products segment dominated the market in 2020, and is expected to continue this trend throughout the forecast period, due to surge in the prevalence of hematological diseases, increase in demand for blood products for collecting specimens and rise in accidents. However, the solid tissue segment is expected to witness considerable market growth during the forecast period due to increase in demand for regenerative medicines, rise in prevalence of cardiovascular & neurological disorders, and surge in need of storage of organs for transplant. 

Biobanking Market
By Biobank Type

Your browser does not support the canvas element.

Disease oriented biobanks segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

On the basis of application, the research segment dominated the market in 2020, and is expected to continue this trend throughout the forecast period, due to increase in incidences of chronic diseases and advancements in regenerative medicine. However, the therapeutic segment is expected to witness considerable market growth during the forecast period owing to gradual increase in prevalence of chronic diseases & trauma emergencies, rise in incidence of degenerative diseases, and shortage of organs for transplantation. 

Biobanking Market
By Ownership

Your browser does not support the canvas element.

National/regional agencies holds the dominant position in 2020 and would continue to maintain the lead over the forecast period.

Get more information on this report : Request Sample Pages

Europe accounted for a major share in the biobanking market in 2020, and is expected to maintain its dominance during the forecast period, due to rise in adoption of advanced technologies and increase in awareness of biobanking among healthcare professionals and individuals working in the R&D industry. Moreover, upsurge in R&D activities in healthcare sector to develop novel biobanking and presence of major players operating in the region fuel the growth of the biobanking market. However, Asia-Pacific is expected to register highest CAGR of 7.8% from 2021 to 2028, due to easy accessibility to cost-effective blood storage and increase in awareness toward the benefits of cord blood. 

Biobanking Market
By Application

Your browser does not support the canvas element.

Research segment is projected as one of the most lucrative segments.

Get more information on this report : Request Sample Pages

The key players operating in the global market include BioIVT & Elevating Science, Geneticist Inc, Firalis S.A., AMS biotechnology Ltd. (AMSBIO LLC), and US Biolab Corporation, Inc., ProteoGenex, Inc., Cureline, Inc., Bay Biosciences LLC, CTI Biotech, and Boca Biolistics.

Biobanking Market
By Region

2028
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific region would exhibit the highest CAGR of 7.8% during 2021-2028

Get more information on this report : Request Sample Pages

Key Benefits For Stakeholders

  • The study provides an in-depth analysis of the biobanking market, and the current trends and future estimations to elucidate the imminent investment pockets
  • It presents a quantitative analysis of the market from 2021 to 2028 to enable stakeholders to capitalize on the prevailing market opportunities
  • Extensive analysis of the market based on procedures and services assists to understand the trends in the industry
  • Key players and their strategies are thoroughly analyzed to understand the competitive outlook of the biobanking market

Key Market Segments

By Specimen Type

  • Blood Products
  • Solid Tissue
  • Cell Lines
  • Nucleic Acid
  • Others

By Type of Biobank

  • Population-based Biobanks
  • Disease-oriented Biobanks

By Ownership

  • National/regional agency
  • Non-Profit Organization
  • Universities
  • Private Organization

By Application

  • Therapeutic
  • Research

By End User

  • Academic Institutions
  • Pharma & Biotech Companies

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • South Africa
    • Saudi Arabia
    • Rest of LAMEA

Key Market Players 

  • AMS biotechnology Ltd (AMSBIO LLC)
  • Bay Biosciences LLC
  • BioIVT & Elevating Science
  • Boca Biolistics
  • CTI Biotech
  • Cureline, Inc
  • Firalis S.A.
  • Geneticist Inc
  • ProteoGenex, Inc
  • US Biolab Corporation, Inc
 

Loading Table Of Content...


 
 

According to the perspective of CXOs of the leading companies, the biobanking market gained prominence in 2020, and is expected to witness a significant rise in the near future. This is attributed to rise in the incidence of fatal diseases, increase in funding by the government for biobank research projects, and surge in awareness toward the benefits of biobank specimens such as cord blood for human health. However, certain limitations such as ethical and legal issues related to biobanking are expected to restrain the market growth.

The CXOs further added that biobanking plays an integral role in advancing biomedical and translational research through the collection and preservation of biological samples, such as blood, tissues, and nucleic acids, which are subsequently made available for use in research to discover disease-relevant biomarkers; this is further used for diagnosis, prognosis, and predicting drug responses. Furthermore, increase in number of research activities acts as a major driver for the market growth.

Moreover, rise in government funding for regenerative medicine, stem cell therapeutics, and cell & gene therapy is supporting research activities, which, in turn, is anticipated to boost the demand for biobanking products and services. Furthermore, increase in trend of cord blood banking is expected to supplement the market growth, globally. Future prospects including advancements in orthopedic procedures with the use of stem cells are expected to augment the market growth for biobanking.

North America dominates the biobanking market, due to the presence of numerous large-scale biobanks in the U.S., while Asia-Pacific is expected to grow at the highest growth rate during the forecast period, due to increase in government investment in biomedical and biotechnology industries.

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The total market value of Biobanking market is $42,104.30 million in 2020.

A. The forcast period for Biobanking market is 2021 to 2028

A. The market value of Biobanking market in 2028 is $69,518.70 million.

A. The base year is 2020 in Biobanking market

A. Top companies such as,BioIVT & Elevating Science, Geneticist Inc, Firalis S.A., AMS biotechnology Ltd. (AMSBIO LLC), and US Biolab Corporation, Inc. held a high market position in 2020. These key players held a high market postion owing to the strong geographical foothold in different regions.

A. In specimen type segment blood product is the most influencing segment. This is attributed to surge in prevalence of hematological diseases and rise in accidents.By application, the global biobanking market is bifurcated into therapeutic and research.

A. The major factor that fuels the growth of the global Biobanking market includes rise in funds for biobanks, increase in R&D activities for application of biobank specimens, and surge in prevalence of fatal chronic diseases drive the growth of the global biobank market.However, legal and ethical issues of biobanking such as confidentiality as well as sample collection laws & regulations and lack of awareness toward biobanking are expected to hamper the market growth.

A. Asia-Pacific has the highest growth rate in the market which is growing due to the contribution of the emerging countries. This is due to improvement in health awareness, development in healthcare infrastructure, and rise in number of hospitals equipped with advanced medical facilities.

A. Biobanking is a biorepository for receiving and storing biological specimens such as plant, animal, and microbe; which can be later used for supporting many types of contemporary research associated with genomics, healthcare research, medical care, and drug discovery.

A. Biobanks can give researchers access to data representing a large number of people. Samples in biobanks and the data derived from those samples can often be used by multiple researchers for cross purpose research studies. Furthermore, it permits large-scale analysis for individuation of specific disease biomarkers, which will facilitate the development of personalized medicine.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
Biobanking Market

Start reading instantly.
This Report and over 19,320+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
    (Jun 2022 - Jun 2023)
  • Data Pack
  • $4,125
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2022 - Jun 2023)
  • Single User
  • $5,769
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2022 - Jun 2023)
  • Five Users
  • $6,929
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2022 - Jun 2023)
  • Enterprise
    License/PDF

  • $10,663
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Jun 2022 - Jun 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers