Report Scope & Overview:
The Biobanking Market Size was valued at USD 48.65 billion in 2022, and is expected to reach USD 86.77 billion by 2030, and grow at a CAGR of 7.5% over the forecast period 2023-2030.
A biobank is a form of biorepository that holds biological samples for research purposes. Biobanks have become a valuable resource in medical research, supporting a wide range of modern studies such as genomics and customised medicine. Scientists can use biobanks to gain access to data from a large number of people. Materials from Biobanks and data derived from those samples are frequently used by several researchers for research purposes. Biobanks are collections of human biological materials such as plasma, pure DNA, blood, saliva, and other biospecimens that are stored, distributed, and collected in one location.
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Biobanks assist in the storage of a patient's personal and medical information. Maintaining biobanks for preserving biological resources necessitates a suitable environment. These materials and data are used to diagnose diseases and determine their causes. Many disorders, for example, are linked to single-nucleotide polymorphism. The registration of each sample entering and exiting the systems are saved centrally, generally on a computer system that can be regularly backed up. Existing systems are compact, keeping approximately 41,000 samples in less than a quarter of the space required by a -81°C freezer. For the sake of security, copy tests are habitually kept in a different spot.
MARKET DYNAMICS
DRIVERS
Biobanking advancements and the rising prevalence of saving newborns' cord blood stem cells
The demand for low-cost drug discovery and development is growing.
Supporting Regenerative Medicine Research with Public and Private Funding
Intensification of disease-related genomic research
RESTRAINTS
Problems in Obtaining Biospecimen Samples
Automation's High Costs
OPPORTUNITIES
Emerging Markets
Rising Interest in Cell Therapy Research and Development
CHALLENGES
Biobanks' Long-Term Viability
IMPACT OF COVID-19
The coronavirus, also known as the Covid 19 pandemic, had a negative effect on the biobanking industry, as the growing numbers of Covid cases has raised concerns about the risks associated with storage, collection, and processing of human biospecimens and all biological materials, as larger transmission of viruses and other diseases would result during the pandemic period. Several biobanking firms that were still collecting human cell and tissue samples saw the implications when the samples for cancer treatment were discovered to be infected with SARS CoV-2 and had become a carrier of the lethal virus, which has become a threat to most biobanking organisations.
Be that as it may, then again, different advances have been taken and assets have been used to frame structures at low levels to gather tests of SARS Cov-2 from a huge base of populace and to control what is happening of the pandemic through the improvement of immunizations and to give an exploration base to all genomic investigates and advancement of medical care frameworks.
By Specimen type
Due to a growth in the incidence of hematological illnesses, a rise in demands for blood products for collecting specimens, and a rise in accidents, the blood products sector dominated the market in 2020 and is probably going to proceed with this pattern during the estimate time frame. Moreover, due to an increase in demand for regenerative medicines, an increase in the prevalence of cardiovascular and neurological illnesses, and a surge in the requirement for organ storage for transplant, the solid tissue segment is likely to develop significantly throughout the forecast period.
By Application type
According to the rise in the number of chronic diseases and breakthroughs in tissue regeneration, the research sector dominated the market in 2021 and is likely to do so throughout the forecast period. The therapeutic segment, on the other hand, is predicted to develop significantly over the projection period, owing to an increase in the frequency of chronic diseases and trauma crises, as well as an expansion in the occurrence of degenerative illnesses and a shortage of organs for transplantation.
By Type
Real biobanks and virtual biobanks have now been added to the worldwide market. In 2021, physical/real biobanks dominated the market, accounting for 80.4 percent of total revenue. These biobanks have a well-established network and so control a large portion of the revenue pie. The biobanks' new working model can be credited with rapid advancement in the realms of bioinformatics analysis and precision medicine. Tissue banks account for the greatest share of tissue banks in 2021, thanks to a significant collection of tissue samples collected over time from pathological labs, therapeutic trials, and research projects.
By Service
Biobanking & repository, lab processing, qualification/validation, cold chain logistics, and other services have all been sub-segmented into the global market. In 2021, the biobanking and repository services category dominated the market, accounting for around 38.00% of total revenue. This is due to the rising need for bio sample preservation in order to develop precision medicine and disease-specific research, as well as the increased market penetration of these services. The segment has benefited from the spread of biobanking services from university research to clinical enterprises and government efforts, as well as highly-connected and open-ended ventures.
COMPETITIVE LANDSCAPE
Some of the major key players are as follows: Avantor, BioCision, Becton, Dickinson and Company (BD), Danaher Corporation, Hamilton Company, Merck KGaA, QIAGEN, Thermo Fisher Scientific, Inc., Tecan Trading AG., Taylor-Wharton.
MARKET SEGMENTATION:
By Specimen type
Solid Tissue
Nucleic Acid
Cell Lines
Blood Products
Others
By Type
Disease-oriented
Population
By Service
Qualification/ Validation
Cold Chain Logistics
Biobanking & Repository
Lab processing
Other Services
By Application type
Research
Therapeutic
By End User
Pharma & Biotech Companies
Academic Institutions
REGIONAL ANALYSIS
North America, Europe, Asia Pacific, and the Rest of the World are the regions that make up the global biobanking market. Over the projected period, North America is expected to dominate the Biobanking market, followed by Europe and Asia Pacific. In contrast, due to the expanding healthcare and diagnostics infrastructure across the region, Asia Pacific is predicted to develop at the fastest CAGR.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 48.65 Billion |
| Market Size by 2030 | US$ 86.77 Billion |
| CAGR | CAGR of 7.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Specimen type (Solid Tissue, Nucleic Acid, Cell Lines, Blood Products, Others) • By Type (Disease-oriented, Population) • By Service (Qualification/ Validation, Cold Chain Logistics, Biobanking & Repository, Lab processing, Other Services) • By Application Type (Research, Therapeutic) • By End User (Pharma & Biotech Companies, Academic Institutions) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Avantor, BioCision, Becton, Dickinson and Company (BD), Danaher Corporation, Hamilton Company, Merck KGaA, QIAGEN, Thermo Fisher Scientific, Inc., Tecan Trading AG., Taylor-Wharton. |
| DRIVERS | • Biobanking advancements and the rising prevalence of saving newborns' cord blood stem cells • The demand for low-cost drug discovery and development is growing. • Supporting Regenerative Medicine Research with Public and Private Funding |
| OPPORTUNITIES | • Problems in Obtaining Biospecimen Samples • Automation's High Costs |
Top-down, bottom-up, Quantitative, Qualitative Research, Descriptive, Analytical, Applied, Fundamental Research.
Disease-oriented, and Population are the sub segments of by type.
Key drivers of the Pet Oral Care Products Market the demand for low-cost drug discovery and development is growing, and Supporting Regenerative Medicine Research with Public and Private Funding.
Segments of Biobanking market are By Specimen type, By Type, By Service, By Application type, and By End User.
Biobanking Market Size was valued at USD 45.262 billion in 2021 and expected to reach USD 75.092 billion by 2028, and grow at a CAGR of 7.5% over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Biobanking Market Segmentation, By Specimen Type
8.1 Solid Tissue
8.2 Nucleic Acid
8.3 Cell Lines
8.4 Blood Products
8.5 Others
9. Biobanking Market Segmentation, By Type
9.1 Disease-oriented
9.2 Population
10. Biobanking Market Segmentation, By Service
10.1 Qualification/ Validation
10.2 Cold Chain Logistics
10.3 Biobanking & Repository
10.4 Lab processing
10.5 Other Services
11. Biobanking Market Segmentation, By Application Type
11.1 Research
11.2 Therapeutic
12. Biobanking Market Segmentation, By End User
12.1 Pharma & Biotech Companies
12.2 Academic Institutions
13. Regional Analysis
13.1 Introduction
13.2 North America
13.2.1 USA
13.2.2 Canada
13.2.3 Mexico
13.3 Europe
13.3.1 Germany
13.3.2 UK
13.3.3 France
13.3.4 Italy
13.3.5 Spain
13.3.6 The Netherlands
13.3.7 Rest of Europe
13.4 Asia-Pacific
13.4.1 Japan
13.4.2 South Korea
13.4.3 China
13.4.4 India
13.4.5 Australia
13.4.6 Rest of Asia-Pacific
13.5 The Middle East & Africa
13.5.1 Israel
13.5.2 UAE
13.5.3 South Africa
13.5.4 Rest
13.6 Latin America
13.6.1 Brazil
13.6.2 Argentina
13.6.3 Rest of Latin America
14 Company Profiles
14.1 Avantor
14.1.1 Financial
14.1.2 Products/ Services Offered
14.1.3 SWOT Analysis
14.1.4 The SNS view
14.2 BioCision
14.3 Becton
14.4 Dickinson and Company (BD)
14.5 Danaher Corporation
14.6 Hamilton Company
14.7 Merck KGaA
14.8 QIAGEN
14.9 Thermo Fisher Scientific, Inc.
14.10 Tecan Trading AG.
15 Competitive Landscape
15.1 Competitive Benchmark
15.2 Market Share analysis
15.3 Recent Developments
16 Conclusion
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