Global Biobanking Market Overview, 2024-29

The Global biobanking market is segmented by product type (equipment, consumables, and laboratory information systems). By Service Type (BBiobanking and Repository, Validation/Qualification, Lab Processing, Cold Chain Logistic, Others), By Biospecimen Type (Human Tissues, Stem Cells, Organs, Others, By Biobank, Physical Biobanks, Virtual Biobanks), By Application (Drug Discovery and Clinical Research, Therapeutics, Clinical Diagnostics, Others), By Type of Biobank (PPopulation-based Biobanks, Disease-Oriented Biobanks), By Ownership (National/Regional Agencies, Non-Profit Organizations, Universities, Private Organizations), By Storage (Manual Storage, Automated Storage).

The Global Biobanking Market is anticipated to cross USD 115 Billion by 2029, increasing from USD 78.45 Billion in 2023 with 7.33% CAGR by 2024-29.

Biobanking Market Analysis

The global biobanking market is a dynamic ecosystem dedicated to the collection, storage, and management of biological samples for medical research purposes. These biobanks, which can house a wide range of biospecimens like blood, tissue, and DNA, serve as a critical resource for researchers studying various diseases, developing novel diagnostics and therapeutics, and understanding the complex interplay between genetics, environment, and human health. Biobanking has emerged as a cornerstone of modern medical research, fueling advancements in personalized medicine, precision diagnostics, and our overall comprehension of human biology. The global biobanking market reflects the growing emphasis on collaborative research and knowledge sharing within the scientific community. International biobank networks and consortiums are facilitating the exchange of biospecimens and data across borders, accelerating research efforts and fostering global collaboration in tackling pressing health challenges. However, the global biobanking landscape is not a uniform entity. Variations in regulations, ethical considerations, and technological capabilities create a diverse tapestry across different regions. In developed countries with established biobanking infrastructure, there’s a growing focus on disease-specific biobanks catering to specific research needs. For instance, biobanks specializing in cancer research might collect samples from patients with various cancer types while meticulously documenting their medical history, treatment response, and lifestyle factors. This detailed clinical data associated with biospecimens allows researchers to identify genetic variations or biomarkers associated with specific cancer subtypes and treatment outcomes. In contrast, developing countries may prioritize population biobanks that collect samples from diverse populations within a region. This approach is crucial for understanding the prevalence of infectious diseases, the impact of environmental factors on health outcomes, and the development of public health interventions tailored to the specific needs of a population. Beyond disease focus, biobanks also differ in terms of their consent models and participant recruitment strategies. Informed consent, a cornerstone of ethical biobanking practices, takes on different nuances across the globe. In some countries, broad consent allows researchers to use biospecimens for a wider range of studies beyond the initial research project for which consent was obtained. This approach maximizes the utility of biospecimens but necessitates clear communication and transparency with participants regarding potential future uses of their biospecimens. Other countries may adopt a more restrictive approach, requiring renewed consent for each new research project utilizing biospecimens. This approach prioritizes participant autonomy but can limit the long-term research potential of biobanks. Understanding these variations in consent models and participant recruitment strategies is crucial for researchers and biobank operators working across international borders. According to the research report, “Global Biobanking Market Outlook, 2029” published by Bonafide research, the market is anticipated to cross USD 2 billion by 2029, increasing from USD 1 billion in 2023. The global biobanking market is witnessing exciting developments that extend beyond the traditional collection and storage of biospecimens. One such innovative approach is the emergence of "virtual biobanks." these virtual platforms aggregate data from geographically dispersed physical biobanks, creating a centralized, easily accessible resource for researchers. Virtual biobanks eliminate geographical barriers and facilitate international collaboration, enabling researchers to analyze large datasets of biospecimens from diverse populations. This approach holds immense potential for accelerating scientific progress and fostering knowledge sharing across borders. Another noteworthy trend is the rise of "disease-specific biobanks." these biobanks focus on collecting samples from individuals diagnosed with a specific disease or condition, such as cancer, alzheimer's disease, or rare genetic disorders. By concentrating on a particular disease area, these biobanks can provide researchers with a wealth of highly relevant biospecimens and detailed clinical data, enabling the m to conduct more targeted research and develop more effective treatments. For instance, disease-specific biobanks focused on cancer research can collect samples from patients with different tumor types and treatment responses, allowing researchers to identify genetic variations associated with specific cancer subtypes and develop personalized therapies. Furthermore, the biobanking market is embracing the power of artificial intelligence (ai). Ai algorithms can analyze vast datasets of biospecimens and associated clinical data, uncovering hidden patterns and correlations that might be missed by traditional analysis methods. Ai can also be used to optimize biobank operations, such as streamlining sample processing and facilitating efficient retrieval of biospecimens for research projects. The integration of ai within the biobanking market holds immense potential for accelerating scientific discovery and unlocking new avenues for personalized medicine. These advancements within the global biobanking market signify a paradigm shift in medical research.

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Market Dynamic

Market Drivers Growing Public and Private Investments: the global biobanking market is witnessing a surge in investments from both public and private entities. Government funding for biobanking initiatives is increasing, driven by recognition of the potential for advancing healthcare and economic growth. Additionally, private companies, particularly those in the pharmaceutical and biotechnology sectors, are investing in biobanks to support drug discovery and development efforts. This rise in investments translates into the establishment of new biobanks, expansion of existing facilities, and the development of innovative biobanking technologies. Rising Prevalence of Chronic Diseases: the global burden of chronic diseases like cancer, heart disease, and diabetes is on the rise. This creates a significant demand for biobanks to support research efforts aimed at improving diagnosis, treatment, and prevention of these chronic conditions. Biobanks enable researchers to study the complex interplay between genetics, environment, and lifestyle factors that contribute to chronic disease development. Furthermore, biobanks can be used to identify biomarkers that can aid in early disease detection and development of personalized treatment strategies. Increasing Focus on Population Biobanks and Cohort Studies: Population biobanks, which collect biospecimens from large, representative samples of a population, are gaining traction within the global biobanking market. These biobanks offer a valuable resource for studying the genetic and environmental determinants of health and disease across diverse populations. Longitudinal cohort studies, which track the health of participants over time, can be linked to biobank datasets, providing researchers with rich data for investigating disease risk factors and progression. This focus on population biobanks and cohort studies reflects a growing emphasis on preventative healthcare and personalized medicine approaches. Market Challenges Sustainability and Long-Term Funding: Establishing and maintaining biobanks requires significant long-term investment. Developing sustainable funding models that go beyond initial grants or short-term funding cycles is crucial for the long-term viability of biobanks. Public-private partnerships and innovative financing mechanisms can help ensure the continued growth and operation of biobanks, ultimately supporting advancements in medical research and improving global health outcomes. • Standardization and Harmonization Practices: the global biobanking landscape lacks complete standardization in collection protocols, biospecimen storage methods, and data formats. This inconsistency can hinder research efforts by making it difficult to compare data from different biobanks. International collaboration and the development of standardized protocols are essential for facilitating data sharing and maximizing the utility of biobank resources for global research initiatives. • Ethical Considerations and Public Trust: Biobanking initiatives raise significant ethical considerations regarding informed consent, data privacy, and biospecimen ownership. Robust regulatory frameworks and clear guidelines are essential to ensure ethical biobanking practices and build public trust. Open communication and community engagement are crucial for addressing public concerns and promoting transparency within the biobanking sector. Market Trends Precision Medicine and Personalized Diagnostics: the increasing focus on personalized medicine is driving a significant trend within the global biobanking market. This approach to healthcare tailors treatments to individual patients based on their unique genetic makeup and disease profile. Biobanks with well-annotated biospecimens linked to detailed clinical data are crucial for advancing personalized medicine. Researchers can leverage these resources to identify genetic variations that influence disease progression and response to specific therapies. This trend necessitates robust biobanking infrastructure with efficient data management systems to facilitate the integration of genomic and clinical data for personalized treatment strategies. Integration with Artificial Intelligence and Big Data Analytics: Technological advancements are transforming the global biobanking market. The integration of artificial intelligence (AI) and big data analytics with biobanking datasets holds immense potential for accelerating medical research breakthroughs. AI algorithms can analyze vast quantities of biospecimen and clinical data, uncovering hidden patterns and identifying novel disease markers or therapeutic targets. Furthermore, advancements in automation and robotics can streamline biobanking processes, such as sample processing and storage, improving efficiency and reducing human error. This trend emphasizes the growing importance of robust data infrastructure and bioinformatics expertise within the biobanking landscape. Emerging Infectious Diseases and Global Health Security: the ongoing threat of emerging infectious diseases and pandemics underscores the importance of biobanks for global health security. Large collections of well-characterized biospecimens from diverse populations can serve as invaluable resources for researchers studying novel pathogens. Biobanks can accelerate outbreak response strategies by enabling the rapid development of diagnostics and vaccines. For instance, biobanks with samples collected before a pandemic can be used as a baseline for comparison, allowing researchers to identify unique characteristics of the new pathogen. This trend highlights the growing role of biobanks in preparedness and response efforts for emerging infectious diseases.

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Biobanking Segmentation

By Service Type Biobanking and Repository
Validation/Qualification
Lab Processing
Cold Chain Logistic
Others
By Biospecimen Type Human Tissues
Stem Cells
Organs
Others
By Biobank Physical Biobanks
Virtual Biobanks
By Application Drug Discovery and Clinical Research
Therapeutics
Clinical Diagnostics
Others
By Type of Biobank Population-based Biobanks
Disease-oriented Biobanks
By Ownership National/regional agency
Non-Profit Organization
Universities
Private Organization
By Storage Manual Storage
Automated Storage
GeographyNorth AmericaUnited States
Canada
Mexico
EuropeGermany
United Kingdom
France
Italy
Spain
Russia
Asia-PacificChina
Japan
India
Australia
South Korea
South AmericaBrazil
Argentina
Colombia
MEAUnited Arab Emirates
Saudi Arabia
South Africa

Equipment leads in the Biobanking market due to the critical need for specialized tools for collection, processing, storage, and analysis of bio specimens. Biobanking and repository services lead in the Biobanking market due to their critical role in collecting, storing, and managing the vital foundation for medical research - biological samples and associated clinical data. Equipment constitutes the leading segment due to the critical role it plays in various stages of the biobanking workflow. This segment encompasses a diverse range of specialized equipment essential for biospecimen collection, processing, storage, and retrieval. Biospecimen collection kits provide standardized tools for collecting various biospecimens in a controlled and consistent manner, often including collection tubes, needles, preservatives, and labels. Bioprocessing equipment encompasses instruments for processing biospecimens after collection, such as centrifuges for separating blood components, cryopreservation equipment for long-term storage at ultra-low temperatures, and automated liquid handling systems for high-throughput processing of large sample sets. Biobanks rely on specialized freezers and cryostorage tanks within the biostorage equipment category to maintain biospecimens at optimal temperatures, typically ranging from -80°C to -196°C. Advanced biobanking facilities may utilize automated storage systems with integrated inventory management software for efficient sample tracking and retrieval. Laboratory Informatics Management Systems (LIMS), while not strictly equipment, play a crucial role in managing biobanking operations. LIMS software facilitates sample tracking, data management, and ensures regulatory compliance. Advanced LIMS can integrate with laboratory instruments for automated data capture, streamlining workflows and minimizing data entry errors. The demand for biobanking equipment is driven by factors like the growing number of biobanks globally, the increasing complexity of biospecimen types being collected, and the need for efficient and standardized processing protocols. Furthermore, advancements in biobanking technologies, such as automation and remote monitoring systems, are expected to further propel the growth of this leading product segment within the global biobanking market. Biobanking and repository services represent the leading segment within the global biobanking market due to their critical role in managing the entire biospecimen lifecycle. Automative sector leads in the Biobanking market due rising global vehicle production, the increasing adoption of electric vehicles, and the ongoing advancements in automotive technology. Physical biobanks lead in the Biobanking market due to their established infrastructure for secure storage and well-defined protocols for sample management. Within the biospecimen type category, human tissues reign supreme as the leading segment in the global biobanking market. This dominance can be attributed to several factors. Firstly, human tissues encompass a wide range of sample types, including blood, blood products, organs (in some cases), and various types of solid tissues. This diversity allows biobanks to cater to a broad spectrum of research areas, from cancer studies to investigations into neurological disorders. Secondly, advancements in biopreservation techniques, such as cryopreservation and formalin-fixed paraffin-embedded (FFPE) tissue blocks, have enabled the long-term storage of human tissues, facilitating longitudinal studies that track disease progression over time. Furthermore, the growing focus on personalized medicine necessitates the use of human tissues to understand individual disease profiles and develop targeted therapies. For instance, biobanks collecting tumor tissue samples linked to detailed clinical data can be invaluable resources for researchers studying cancer genomics and developing personalized treatment strategies. When it comes to the nature of the biobank, physical biobanks currently hold the leading position within the global biobanking market. Physical biobanks involve the physical collection, storage, and management of biospecimens in dedicated facilities. This approach offers several advantages, including ensuring the integrity and traceability of biospecimens, facilitating quality control measures, and enabling researchers to perform a wider range of analyses on the samples. Physical biobanks often employ sophisticated storage technologies like cryogenic freezers and biorepositories to ensure the long-term viability of biospecimens for future research endeavors. However, the establishment and maintenance of physical biobanks require significant investments in infrastructure, personnel, and specialized equipment. Drug discovery and clinical research sector leads in the Biobanking market due to its immense reliance on high-quality biospecimens for developing and testing novel therapeutics. Population-based biobanks lead in the Biobanking market due to their ability to provide comprehensive data on entire populations for in-depth disease research. Drug discovery and clinical research represents the dominant application segment within the global biobanking market. Biobanks serve as a vital resource for researchers developing novel therapeutics and diagnostics. Biospecimens collected from biobanks, such as blood, tissue samples, and DNA, provide valuable insights into disease mechanisms, potential drug targets, and individual patient responses to treatment. This application segment is driven by several factors, including the rising prevalence of chronic diseases globally, the increasing focus on personalized medicine, and the continuous development of new drug discovery technologies. Within drug discovery, biobanks play a crucial role in the early stages of research. By analyzing biospecimens from patients with specific diseases, researchers can identify potential drug targets – molecules involved in disease processes that could be disrupted by a therapeutic agent. Biobanks can also be used to screen candidate drugs for efficacy and safety in pre-clinical studies. During clinical trials, biobanks can provide well-characterized biospecimens from patients with the target disease, facilitating the evaluation of a drug's effectiveness and potential side effects. Furthermore, biobanks can support the development of companion diagnostics – tests that can identify patients most likely to benefit from a specific treatment – by providing biospecimens for biomarker discovery. The significance of biobanks in clinical research extends beyond drug discovery. Researchers can leverage biobanks to study the natural history of diseases, identify risk factors for disease development, and evaluate the effectiveness of existing treatment strategies. Biobanks also play a role in pharmacogenomics research, which investigates the influence of genetic variations on individual responses to drugs. By analyzing biospecimens linked to detailed clinical data, researchers can develop personalized treatment plans tailored to a patient's unique genetic makeup. Population-based biobanks represent the leading segment within the global biobanking market by type. These biobanks collect biospecimens and associated clinical data from a geographically defined population, often aiming for broad representation of the population's diversity. National and regional government agencies lead in the Biobanking market due to their significant funding, focus on public health initiatives, and commitment to establishing robust Biobanking infrastructure. Manual storage leads in the Biobanking market due to lower initial investment costs and simpler operation compared to automated storage systems. Within the ownership category, national and regional government agencies are currently the leading segment driving the global biobanking market. This dominance can be attributed to several factors. Firstly, government agencies often possess the necessary resources and infrastructure to establish and maintain large-scale biobanks with robust governance structures. Secondly, national biobanking initiatives often serve the broader public health goals of a country, supporting research into diseases of national significance and facilitating outbreak preparedness. For instance, in the wake of the COVID-19 pandemic, several governments around the world launched biobanking initiatives specifically focused on collecting and storing biospecimens from infected individuals to support research into the virus and potential vaccines. Furthermore, government agencies can leverage their influence to establish regulatory frameworks for biobanking practices, ensuring ethical conduct and data security. This fosters public trust and encourages broader participation in biobanking initiatives. Manual storage remains the leading segment within the global biobanking market for several reasons. Firstly, cost-effectiveness is a significant factor, particularly for resource-limited settings. Manual storage solutions can be implemented with lower upfront investment compared to automated storage systems. Secondly, established biobanks with extensive collections often possess well-defined manual storage protocols and trained personnel to ensure the integrity and viability of biospecimens. Furthermore, manual storage offers a degree of flexibility for biobanks with diverse sample types or specific storage requirements for certain biospecimens.

Biobanking Market Regional Insights

Europe leads in the Biobanking market due to the region’s long-standing history of scientific research, robust regulatory environment, technological advancements, and emphasis on personalized medicine. Currently, Europe reigns supreme as the leading region within the global biobanking market, boasting a robust market share and a well-established infrastructure that fosters biobanking activities. This dominance can be attributed to several key factors. Firstly, Europe possesses a long-standing history of scientific research and a strong emphasis on public health initiatives. This has translated into significant government funding and support for biobanking projects, fostering the creation of large-scale biobanks with rich collections of biological samples. Furthermore, Europe is home to a well-developed network of research institutions, universities, and hospitals actively engaged in biobanking activities. These institutions often collaborate on biobanking projects, leveraging shared resources and expertise to advance research endeavors. Secondly, Europe boasts a comprehensive regulatory framework governing biobanking practices. Stringent regulations regarding data privacy (like GDPR) and ethical considerations ensure responsible collection, storage, and utilization of biospecimens. This robust regulatory environment fosters public trust in biobanking initiatives and encourages participation in biobanking projects. Additionally, the presence of well-defined biobanking standards and guidelines facilitates the harmonization of biobanking practices across different European countries. Thirdly, Europe is a leader in technological advancements within the biobanking field. This region is at the forefront of developing innovative biobanking technologies, such as advanced biospecimen collection methods, high-throughput biobanking workflows, and sophisticated data management systems. These advancements allow for the efficient collection, processing, and storage of biospecimens while ensuring the integrity and quality of the samples. Furthermore, Europe actively invests in bioinformatics infrastructure to facilitate the analysis and interpretation of large-scale biobanking datasets. Finally, Europe exhibits a growing focus on personalized medicine, which relies heavily on biobanking data and resources.

Key Development

• May 2024: The Department of Health - Abu Dhabi (DoHAD) has partnered with M42, a leading artificial intelligence and advanced Technology Company, to establish The world's largest hybrid cord blood bank. This initiative aims to advance medical research, personalized medicine, and stem cell The rapies in The region. The hybrid bank will combine public and private cord blood banking options, catering to a wider range of patients and potentially accelerating medical breakthroughs. • April 2024: ASAP Fasteners, an online platform by ASAP Semiconductor, has broadened its inventory to cater to The rising demand in The global aerospace-grade fastener market. This expansion includes adding new listings to The ir existing database of over 2 billion parts, encompassing bearings, fasteners, connectors, and various oThe r hardware solutions. The expanded offerings include BAC standard parts, NAS standard parts, Mil-STD components, and parts meeting oThe r relevant aerospace certifications. This strategic move aims to address The needs of a diverse customer base including defense contractors, government entities, and airlines.

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Companies Mentioned

  • Beckton Dickinson
  • Merck & Co., Inc.
  • Charles River Laboratories
  • Thermo Fisher Scientific Inc
  • QIAGEN N.V.
  • Azenta, Inc.
  • PHC Holdings Corp
  • Avantor, Inc.
  • Tecan Group Ltd
  • Promega Corporation
Company mentioned

Table of Contents

  • 1. Executive Summary
  • 2. Market Dynamics
  • 2.1. Market Drivers & Opportunities
  • 2.2. Market Restraints & Challenges
  • 2.3. Market Trends
  • 2.3.1. XXXX
  • 2.3.2. XXXX
  • 2.3.3. XXXX
  • 2.3.4. XXXX
  • 2.3.5. XXXX
  • 2.4. Covid-19 Effect
  • 2.5. Supply chain Analysis
  • 2.6. Policy & Regulatory Framework
  • 2.7. Industry Experts Views
  • 3. Research Methodology
  • 3.1. Secondary Research
  • 3.2. Primary Data Collection
  • 3.3. Market Formation & Validation
  • 3.4. Report Writing, Quality Check & Delivery
  • 4. Market Structure
  • 4.1. Market Considerate
  • 4.2. Market Considerate
  • 4.3. Assumptions
  • 4.4. Limitations
  • 4.5. Abbreviations
  • 4.6. Sources
  • 4.7. Definitions
  • 5. Economic /Demographic Snapshot
  • 6. Global Biobanking Market Outlook
  • 6.1. Market Size By Value
  • 6.2. Market Share By Region
  • 6.3. Market Size and Forecast, By Geography
  • 6.4. Market Size and Forecast, By Product Type
  • 6.5. Market Size and Forecast, By Service Type
  • 6.6. Market Size and Forecast, By Biospecimen Type
  • 6.7. Market Size and Forecast, By Biobank
  • 6.8. Market Size and Forecast, By Application
  • 6.9. Market Size and Forecast, By Type of Biobank
  • 6.10. Market Size and Forecast, By Ownership
  • 6.11. Market Size and Forecast, By Storage
  • 7. North America Biobanking Market Outlook
  • 7.1. Market Size By Value
  • 7.2. Market Share By Country
  • 7.3. Market Size and Forecast, By Product Type
  • 7.4. Market Size and Forecast, By Service Type
  • 7.5. Market Size and Forecast, By Biospecimen Type
  • 7.6. Market Size and Forecast, By Biobank
  • 7.7. Market Size and Forecast, By Application
  • 7.8. Market Size and Forecast, By Type of Biobank
  • 7.9. Market Size and Forecast, By Ownership
  • 7.10. Market Size and Forecast, By Storage
  • 8. Europe Biobanking Market Outlook
  • 8.1. Market Size By Value
  • 8.2. Market Share By Country
  • 8.3. Market Size and Forecast, By Product Type
  • 8.4. Market Size and Forecast, By Service Type
  • 8.5. Market Size and Forecast, By Biospecimen Type
  • 8.6. Market Size and Forecast, By Biobank
  • 8.7. Market Size and Forecast, By Application
  • 8.8. Market Size and Forecast, By Type of Biobank
  • 8.9. Market Size and Forecast, By Ownership
  • 8.10. Market Size and Forecast, By Storage
  • 9. Asia-Pacific Biobanking Market Outlook
  • 9.1. Market Size By Value
  • 9.2. Market Share By Country
  • 9.3. Market Size and Forecast, By Product Type
  • 9.4. Market Size and Forecast, By Service Type
  • 9.5. Market Size and Forecast, By Biospecimen Type
  • 9.6. Market Size and Forecast, By Biobank
  • 9.7. Market Size and Forecast, By Application
  • 9.8. Market Size and Forecast, By Type of Biobank
  • 9.9. Market Size and Forecast, By Ownership
  • 9.10. Market Size and Forecast, By Storage
  • 10. South America Biobanking Market Outlook
  • 10.1. Market Size By Value
  • 10.2. Market Share By Country
  • 10.3. Market Size and Forecast, By Product Type
  • 10.4. Market Size and Forecast, By Service Type
  • 10.5. Market Size and Forecast, By Biospecimen Type
  • 10.6. Market Size and Forecast, By Biobank
  • 10.7. Market Size and Forecast, By Application
  • 10.8. Market Size and Forecast, By Type of Biobank
  • 10.9. Market Size and Forecast, By Ownership
  • 10.10. Market Size and Forecast, By Storage
  • 11. Middle East & Africa Biobanking Market Outlook
  • 11.1. Market Size By Value
  • 11.2. Market Share By Country
  • 11.3. Market Size and Forecast, By Product Type
  • 11.4. Market Size and Forecast, By Service Type
  • 11.5. Market Size and Forecast, By Biospecimen Type
  • 11.6. Market Size and Forecast, By Biobank
  • 11.7. Market Size and Forecast, By Application
  • 11.8. Market Size and Forecast, By Type of Biobank
  • 11.9. Market Size and Forecast, By Ownership
  • 11.10. Market Size and Forecast, By Storage
  • 12. Competitive Landscape
  • 12.1. Competitive Dashboard
  • 12.2. Business Strategies Adopted by Key Players
  • 12.3. Key Players Market Share Insights and Analysis, 2022
  • 12.4. Key Players Market Positioning Matrix
  • 12.5. Porter's Five Forces
  • 12.6. Company Profile
  • 12.6.1. Thermo Fisher Scientific Inc.
  • 12.6.1.1. Company Snapshot
  • 12.6.1.2. Company Overview
  • 12.6.1.3. Financial Highlights
  • 12.6.1.4. Geographic Insights
  • 12.6.1.5. Business Segment & Performance
  • 12.6.1.6. Product Portfolio
  • 12.6.1.7. Key Executives
  • 12.6.1.8. Strategic Moves & Developments
  • 12.6.2. QIAGEN N.V.
  • 12.6.3. Merck & Co., Inc.
  • 12.6.4. Charles River Laboratories International, Inc.
  • 12.6.5. Azenta, Inc.
  • 12.6.6. PHC Holdings Corp
  • 12.6.7. Avantor, Inc.
  • 12.6.8. Tecan Group Ltd
  • 12.6.9. Becton, Dickinson and Company
  • 12.6.10. Promega Corporation
  • 13. Strategic Recommendations
  • 14. Annexure
  • 14.1. FAQ`s
  • 14.2. Notes
  • 14.3. Related Reports
  • 15. Disclaimer

Table 1: Global Biobanking Market Snapshot, By Segmentation (2023 & 2029) (in USD Billion)
Table 2: Influencing Factors for Biobanking Market, 2023
Table 3: Top 10 Counties Economic Snapshot 2022
Table 4: Economic Snapshot of Other Prominent Countries 2022
Table 5: Average Exchange Rates for Converting Foreign Currencies into U.S. Dollars
Table 6: Global Biobanking Market Size and Forecast, By Geography (2018 to 2029F) (In USD Billion)
Table 7: Global Biobanking Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 8: Global Biobanking Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 9: Global Biobanking Market Size and Forecast, By Biospecimen Type (2018 to 2029F) (In USD Billion)
Table 10: Global Biobanking Market Size and Forecast, By Biobank (2018 to 2029F) (In USD Billion)
Table 11: Global Biobanking Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 12: Global Biobanking Market Size and Forecast, By Type of Biobank (2018 to 2029F) (In USD Billion)
Table 13: Global Biobanking Market Size and Forecast, By Ownership (2018 to 2029F) (In USD Billion)
Table 14: Global Biobanking Market Size and Forecast, By Storage (2018 to 2029F) (In USD Billion)
Table 15: North America Biobanking Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 16: North America Biobanking Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 17: North America Biobanking Market Size and Forecast, By Biospecimen Type (2018 to 2029F) (In USD Billion)
Table 18: North America Biobanking Market Size and Forecast, By Biobank (2018 to 2029F) (In USD Billion)
Table 19: North America Biobanking Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 20: North America Biobanking Market Size and Forecast, By Type of Biobank (2018 to 2029F) (In USD Billion)
Table 21: North America Biobanking Market Size and Forecast, By Ownership (2018 to 2029F) (In USD Billion)
Table 22: North America Biobanking Market Size and Forecast, By Storage (2018 to 2029F) (In USD Billion)
Table 23: Europe Biobanking Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 24: Europe Biobanking Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 25: Europe Biobanking Market Size and Forecast, By Biospecimen Type (2018 to 2029F) (In USD Billion)
Table 26: Europe Biobanking Market Size and Forecast, By Biobank (2018 to 2029F) (In USD Billion)
Table 27: Europe Biobanking Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 28: Europe Biobanking Market Size and Forecast, By Type of Biobank (2018 to 2029F) (In USD Billion)
Table 29: Europe Biobanking Market Size and Forecast, By Ownership (2018 to 2029F) (In USD Billion)
Table 30: Europe Biobanking Market Size and Forecast, By Storage (2018 to 2029F) (In USD Billion)
Table 31: Asia-Pacific Biobanking Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 32: Asia-Pacific Biobanking Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 33: Asia-Pacific Biobanking Market Size and Forecast, By Biospecimen Type (2018 to 2029F) (In USD Billion)
Table 34: Asia-Pacific Biobanking Market Size and Forecast, By Biobank (2018 to 2029F) (In USD Billion)
Table 35: Asia-Pacific Biobanking Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 36: Asia-Pacific Biobanking Market Size and Forecast, By Type of Biobank (2018 to 2029F) (In USD Billion)
Table 37: Asia-Pacific Biobanking Market Size and Forecast, By Ownership (2018 to 2029F) (In USD Billion)
Table 38: Asia-Pacific Biobanking Market Size and Forecast, By Storage (2018 to 2029F) (In USD Billion)
Table 39: South America Biobanking Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 40: South America Biobanking Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 41: South America Biobanking Market Size and Forecast, By Biospecimen Type (2018 to 2029F) (In USD Billion)
Table 42: South America Biobanking Market Size and Forecast, By Biobank (2018 to 2029F) (In USD Billion)
Table 43: South America Biobanking Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 44: South America Biobanking Market Size and Forecast, By Type of Biobank (2018 to 2029F) (In USD Billion)
Table 45: South America Biobanking Market Size and Forecast, By Ownership (2018 to 2029F) (In USD Billion)
Table 46: South America Biobanking Market Size and Forecast, By Storage (2018 to 2029F) (In USD Billion)
Table 47: Middle East & Africa Biobanking Market Size and Forecast, By Product Type (2018 to 2029F) (In USD Billion)
Table 48: Middle East & Africa Biobanking Market Size and Forecast, By Service Type (2018 to 2029F) (In USD Billion)
Table 49: Middle East & Africa Biobanking Market Size and Forecast, By Biospecimen Type (2018 to 2029F) (In USD Billion)
Table 50: Middle East & Africa Biobanking Market Size and Forecast, By Biobank (2018 to 2029F) (In USD Billion)
Table 51: Middle East & Africa Biobanking Market Size and Forecast, By Application (2018 to 2029F) (In USD Billion)
Table 52: Middle East & Africa Biobanking Market Size and Forecast, By Type of Biobank (2018 to 2029F) (In USD Billion)
Table 53: Middle East & Africa Biobanking Market Size and Forecast, By Ownership (2018 to 2029F) (In USD Billion)
Table 54: Middle East & Africa Biobanking Market Size and Forecast, By Storage (2018 to 2029F) (In USD Billion)

Figure 1: Global Biobanking Market Size (USD Billion) By Region, 2023 & 2029
Figure 2: Market attractiveness Index, By Region 2029
Figure 3: Market attractiveness Index, By Segment 2029
Figure 4: Global Biobanking Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 5: Global Biobanking Market Share By Region (2023)
Figure 6: North America Biobanking Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 7: North America Biobanking Market Share By Country (2023)
Figure 8: Europe Biobanking Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 9: Europe Biobanking Market Share By Country (2023)
Figure 10: Asia-Pacific Biobanking Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 11: Asia-Pacific Biobanking Market Share By Country (2023)
Figure 12: South America Biobanking Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 13: South America Biobanking Market Share By Country (2023)
Figure 14: Middle East & Africa Biobanking Market Size By Value (2018, 2023 & 2029F) (in USD Billion)
Figure 15: Middle East & Africa Biobanking Market Share By Country (2023)
Figure 16: Competitive Dashboard of top 5 players, 2023
Figure 17: Market Share insights of key players, 2023
Figure 18: Porter's Five Forces of Global Biobanking Market

Biobanking Market Research FAQs

The primary factors driving the growth include stringent emissions regulations, advancements in technology, increasing demand for fuel-efficient vehicles, and the rising adoption of electric and hybrid vehicles.

The shift towards electric vehicles is significantly reshaping the market. Traditional internal combustion engine (ICE) components may see a decline in demand, while there is a growing need for components related to electric powertrains, such as electric motors, battery management systems, and power electronics.

Technological advancements such as the Internet of Things (IoT), artificial intelligence (AI), and additive manufacturing are significantly influencing the market. These technologies enable the development of more efficient, reliable, and intelligent engine components.

The rise of autonomous vehicles is prompting the development of specialized engine components that can support advanced driver-assistance systems (ADAS) and autonomous driving technologies. This includes components that enhance vehicle connectivity.

The COVID-19 pandemic has disrupted supply chains, caused fluctuations in demand, and led to temporary shutdowns of manufacturing facilities. However, it has also accelerated the adoption of digital technologies and innovations in manufacturing processes.
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Global Biobanking Market Overview, 2024-29

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