Biobanking Market 2019 Industry Growth, Trends and Forecast by 2030 | Thermo Fisher Scientific Inc.


Market Industry Reports (MIR) has published a new report titled “Biobanking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2030.” According to the report, the global biobanking market is estimated to be over US$ 2.1 Billion in 2019. It is anticipated to grow at 7.5% CAGR from 2019 to 2030.

The continual growth of biobanking market can be attributed to several factors such as rising number of genomic research activities, increase in private funding, innovations in regenerative medicine and developing a pattern of conserving cord blood stem cells of newborns. Moreover, factors such as an increase in chronic diseases, developments in drug discovery and an increase in R&D funding are expected to boost the growth of the market over the forecast period.

Some prominent players in the biobanking market:

Thermo Fisher Scientific Inc., PHC Holdings Corporation, QIAGEN, Becton, Dickinson and Company, Merck KGaA, Hamilton Company, Tecan Trading AG, Cell&Co, Promega Corporation and Brooks Life Sciences among others.

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The Asia Pacific region is anticipated to witness growth in the practice of biobanking owing to the factors such as improving life sciences research infrastructure, growing investments of governmental organizations in fields like biomedical, pharmaceutical and biotechnology. The growth of the biobanking market is expected particularly in countries like India, China, and Japan. These regions have been witnessing an increase in the collection of a number of new biospecimens. Moreover, the increasing demand for regenerative medicines in these countries is likely to contribute to the growth of biobanking market over the forecast period.

The conservation of string blood immature microorganisms is a developing practice that guarantees a remedy for in excess of 60 distinct kinds of illnesses. Attributable to expanding mindfulness about undifferentiated organism treatments, the enormous quantities of guardians are picking umbilical rope banks for their youngsters. Besides, numerous embryonic issue can be examined and treated through undifferentiated cell explore. For example, the change of early undifferentiated organisms into various cell types recognizes if there is any hereditary blunder and can be settled before the indications start to show in the newborn child.

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Table of Contents


  1. 1. INTRODUCTION
    1. Market Definition
    2. Market Classification
    3. Geographic Scope
    4. Years Considered for the Study: Historical Years – 2016 & 2017; Base Year – 2018; Forecasted Years – 2019 to 2030
    5. Currency Used
  2. 2. RESEARCH METHODOLOGY
    1. Research Framework
    2. Data Collection Technique
    3. Data Sources
      Market Estimation MethodologyData Validation and Triangulation
  3. 3. ABSTRACT OF THE STUDY
  4. 4. MARKET DYNAMICS ASSESMENT
    1. Overview
    2. Drivers
    3. Barriers/Challenges
    4. Opportunities


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