🔬 Introduction: The Dawn of Biological Storage

For decades, humanity has stored data in metals, plastics, and silicon. Hard drives, SSDs, memory cards, and cloud servers have served as the backbone of the digital world. But today, as data creation explodes at an unimaginable pace, a profound transformation is underway. The world is moving toward a revolutionary concept — DNA-based storage, a technology that uses the very code of life as the ultimate storage medium.

The global biobanking market is expected to grow significantly from USD 2,207.8 million in 2018 to USD 3,600.3 million in 2025, at a CAGR of 7.3% from 2019 to 2025. Factors driving the market growth are; growing scientific research and development activities, and rising prevalence of chronic diseases. Moreover, other factors contributing to the growth of market include; favorable government initiative and investments, and growth of translational research and personalized medicine.

Biobanking helps in providing key materials to many medical research realms, such as the biomarker. The development of biomarker aids in diagnosing specific disease in its early stage, including oncology and genetic diseases. Moreover, biobanking also plays an important role in supporting many types of contemporary research such as genomics and personalized medicine. It allows researchers to access data and biological samples representing a large number of people.

Biobanking is gaining momentum owing to the growing developments in the area of metagenomics, personalized medicine, genomics, proteomics, bioenergy, environmental remediation, disease biology, and allied fields. Moreover, the growth of translational research and personalized medicine has further increased biobanking demand. Biobanking has the potential to have a positive impact on pharmaceutical, biotechnological and clinical research companies to develop new drugs   and diagnostics. Healthcare researches have an enormous need for access to large quantities of biological samples for specific disorders and diseases. Additionally, rising government initiatives and investments in biobanking are further propelling the industry growth.

Due to increasing burden of chronic diseases, some countries including Mexico, China, India, and South Africa, among others have put great efforts into building their own biobanks and biobanking networks. Additionally, Biobanking in emerging countries is an important and unmet need. In these countries biobanking represent an opportunity to provide unique biospecimens to scientific and healthcare communities.

Key findings from the report:

The global biobanking market is expected to reach USD 3,600.34 million by 2025 at a CAGR of 7.3% during 2019-2025

Based on product and services,

On the basis of application,

Geographically, Asia-Pacific region is expected to witness highest CAGR during the 2019-2025

Some of the key companies operating in the market include Cryo Bio System., BioLifeSolutions Inc.,Brooks Automation, Inc, Thermo Fisher Scientific Inc., Tecan Group Ltd., SOL Group, Hamilton Company, AUTOGEN INC., Software Point, LVL technologies GmbH & Co. KG, DNA Genotek Inc., and ASKION, among others

The equipment segment held the major share of the global market in 2018

The consumables segment held the significant share of the global market in 2018

The regenerative medicine segment held the major share of the market in 2018

Browse full research report with TOC on “Global Biobanking Market Outlook, Trend and Opportunity Analysis, Competitive Insights, Actionable Segmentation & Forecast 2025” at: https://www.energiasmarketresearch.com/biobanking-market-report/

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The report provides the market value for the base year 2018 and a yearly forecast till 2025 in terms of revenue (USD Million). The report segments biobanking market based on product and services, sample type, storage type, application, end-user and region.

By Product and Services

Equipment

Consumables

Service

Software

Sample Transport Equipment

Sample Analysis Equipment

Storage Equipment

Sample Processing Equipment

Analysis Consumables

Processing Consumables

Collection Consumables

Storage Consumables

Processing Services

Storage Services

Transport Services

By Sample Type

Nucleic Acids

Cell Lines

Blood Products and Services

Biological Fluids

Human Tissues

Others

By Storage Type

Automated Storage

Manual Storage

By Application

Life Science Research

Regenerative Medicine

Clinical Research

By End-User

Research Centers

Diagnostic Laboratories

Hospitals

By Region

North America

Europe

Asia-Pacific

Central & South America

Middle East and Africa (MEA)

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