Precision Business Insights has published a report on the global biobanking market, estimating its value at USD 83.3 billion in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 8.3% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/biobanking-market

Market Definition:

Biobanking refers to the process of collecting, processing, storing, and distributing biological samples (like blood, tissue, DNA, cells, and other bodily materials) along with associated health data for use in research and clinical care

Drivers:

1)      Rise in genomics and precision medicine.

2)      Increasing prevalence of chronic diseases.

The global biobanking market segmentation:
1) By Product Type: Equipment (Incubators, Centrifuges, Alarm and Monitoring Systems, Temperature Control Systems, Others), Consumables.
2) By Sample Type: Biological Fluids, Human Waste Products, Blood Products, Human Tissues, Cell Lines, Nucleic Acids.
3) By Application: Therapeutic Applications, Research Applications, Clinical Trials.
4) By End-user: Pharmaceutical and Biopharmaceutical Companies, Clinical Research Organizations, Research Institutes, Others.

Regional Overview:
The report also examines the current concerns and their Future Effects on the biobanking market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the biobanking market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

·         North America (U.S., Canada)

·         Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)

·         Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)

·         Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)

·         Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Thermo Fisher Scientific Inc. Tecan AG, Beckman Coulter, Inc. VWR International, LLC, Qiagen N.V., Hamilton Company, Brooks Automation, TTP Labtech Ltd, VWR Corporation, Promega Corporation.

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