A New Research report Biobanking Market has been recently added to the Market Insights Reports database. The report offers definitive information pertaining to the commercialization aspects, revenue estimation, and market size of the industry. The report defines the status of key players in the competitive landscape including their portfolio and geographical expansion pursuits. This report also focuses on Biobanking Market Trend, volume, and value at the global level, regional level, and company level.

According to this study, over the next five years the Biobanking market will register a 6.0% CAGR in terms of revenue, the global market size will reach $ 3381 million by 2025, from $ 2676.4 million in 2019.

The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market.Top Companiesin the Global Biobanking Market:Beckman Coulter, Tecan Group, Thermo Fisher, Sigma-Aldrich, SOL Group, Panasonic, Brooks Life Science, Promega, QIAGEN, BD, Askion, Cryo Bio System, Biolife Solutions, Lifeline Scientific, DNA Genotek, LVL Technologies, Micronic, So-Low, BioRep and Others.

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Market Overview:

The major factors for the growth of the global biobanks market include the innovations in regenerative medicine, the growing incidence of chronic diseases, advances in drug discovery and development, and R&D funding and investments by government and non-governmental organizations. These factors are expected to a boost the growth of the market over the forecast period.

Regenerative medicine through stem cell technology is one of the important treatments for diseases, such as Alzheimers, diabetes, cancers, and rare genetic diseases. In order to benefit from the existing therapies, umbilical cord cells and other stem cells are preserved.

Stem cell practices are on the rise, globally, and are contributing to the development of new solutions for various diseases. Boston-based biotech start-up, Orig3n, is looking to build the largest and most diverse biobank, harnessing the power of induced pluripotent stem cell technology to accelerate regenerative medicine. Treatments for diseases, like muscular degeneration, using adult stem cells are now going into Phase 3 clinical trials in Japan. These successes are driving both the government and the private sector organizations into investing in more stem cell banks.

With the increase in awareness about stem cell therapies, there have been larger number of parents who are choosing umbilical cord banks for their children. There are a number of donor banks that are coming up as well. Biobanks not only aid in the therapies for genetic diseases, but also in medical research on rare genetic disorders. Increasing awareness about stem cell therapies and innovation in the field of regenerative medicine are driving the growth of the global biobank market.

This report segments the Global Biobanking Market on the basis ofTypesare:

Equipment Consumable

On the basis ofApplication,the Global Biobanking Market is segmented into:

Virtual Biobanks Tissue Biobanks Population Biobanks

Top Line Market Forecast:

Both Regional and Global sectors are included in the Outlook, with special breakouts for the NAM, European, MENA, and Asia-Pacific regions. The data covered is from 2015 to 2019 historically and from 2021 to 2025 forecast, it also includes the impact of Covid-19 both on the short- and long-term prospects of the industry.

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Detailed overview of Market Changing market dynamics of the industry In-depth market segmentation by Type, Application etc. Historical, current and projected market size in terms of volume and value Recent industry trends and developments Competitive landscape of Biobanking Market Strategies of key players and product offerings Potential and niche segments/regions exhibiting promising growth

The research includes historic data from 2015 to 2021 and forecasts until 2025 which makes the report an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts and stakeholders looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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Customization of the Report: The report can be further customized according to the clients specific research requirements. No additional charges will be added for limited additional research.

Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

MarketInsightsReportsprovides syndicated market research on industry verticals includingHealthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc.MarketInsightsReportsprovides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.

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