Biobanking Technology Market Analysis, Opportunities by 2031
The Biobanking Technology Market is expected to register a CAGR of 6.50% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report presents an analysis based on by application (regenerative medicine, life science, clinical research). The report further provides analysis based on type (blood products, human tissues, cell lines, nucleic acids). The global analysis is further broken-down at regional level and major countries. The market size and forecast at global, regional, and country levels for all the key market segments are covered under the scope. The report offers the value in USD for the above analysis and segments. The report provides key statistics on the market status of the key market players and offers market trends and opportunities.
Purpose of the ReportThe report Biobanking Technology Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Biobanking Technology Market Segmentation
Application- Regenerative Medicine
- Life Science
- Clinical Research;
- Blood Products
- Human Tissues
- Cell Lines
- Nucleic Acids
Strategic Insights
Biobanking Technology Market Growth Drivers- Personalized Medicine: This growing focus on personalized medicine has set a burgeoning market for biobanks that collect genetic, molecular, and clinical data. The biobanking technology plays an indispensable role in enabling precision medicine by providing researchers with access to large collections of biosamples of diverse biological origin thus boosting the biobanking market.
- Advancements in Molecular Biology: Breakneck global advancement of innovations in molecular genetic application biotechnology notably in DNA sequencing and CRISPR technologies makes biobanking much more viable than ever before. The above have tremendous implications for sample-preservation, analysis, and applications and hence the demand for newer innovations in biobanking that support genomic and biomedical research is expected to soar.
- Increasing Attention on Rare Diseases and Clinical Trials: Biobanks are becoming more frequently used in clinical trials as well as in rare disease study. The need for the storage and regulation of rare, high-quality biological specimens needed for longitudinal studies, disease biomarkers' discovery, and treatment development is invigorating the demand for more advanced solutions in biobanking technology and consequently, market growth.
- Biobanking, Automation, and Robotics: The integration of automation and robotics within biobanking practices transforms processes of sample collection, its storage, and analyses. This brings about improvement in speed, heightened accuracy, and reliability of sample collection, thus enabling biobanks to adopt the handling of a larger number of samples than before, along with greater precision and reliability. The things mentioned above would, in turn, shape the future trends in the market.
- Cloud-Based Biobanking Solution: Cloud technology is becoming popular within the sector of biobanking for the improvement of data storage and sharing. Cloud-based biobanking platforms such as secure storage options, scale, and better access to biosample data during global research collaborations enable operational efficiency improvement for conducting more extensive research and inducing data-driven discoveries.
- Personalized and Targeted Biobanking: Biobanks are moving toward personalized and targeted collection of samples, whereby collections would only focus on certain populations of patients, types of diseases, or genetic characteristics that could be encountered. It is this area or field that personalized healthcare or precision medicine focuses on and points towards, and thus would require biobanking technologies that would yield more finely defined, accurate as well as relevant collection and analysis of biosamples.
- Creation of Scalable and Modular Systems: It is possible for manufacturers to design scalable and modular biobanking techniques, both adaptable for a small research setup and for large-scale biobanks. These customized solutions also enable an institution to change the capacity according to the need. Hence, flexibility is being improved with promising market appeal across a series of different customer segments ranging from academic institutions to hospitals and pharmaceutical companies.
- Multi-Omics Data Integration: An emerging opportunity lies in creating biobanking solutions, which could integrate multi-omics data-genomics, proteomics, and metabolomics. These will afford platforms that incorporate different biological data rather seamlessly into more complex research into disease modeling or personalized medicine, thus increasing the value of biosamples in storage.
- Fresh technology in preserving the samples: Manufacturers can improve the development of evolved preservation techniques that may allow biological specimens to become excellent long-term viable research samples. Some of them may involve cryopreservation and temperature-controlled storage methods that will be very revolutionary in determining the quality and longevity of biosamples, making biobanks more efficient for clinical research and drug discovery.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Biobanking Technology Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Biobanking Technology Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The market is expected to grow at a CAGR of 6.3%
Increasing prevalence of dental diseases is the major factors boosting the biobanking technology market growth
The North America region accounts for highest revenue share biobanking technology market
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional
/
country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%)
Asia Pacific is estimated to grow at the highest CAGR over the forecast year (2023 - 2031)
PANalytical, Bruker. Thermo Fisher Scientific Inc., Shimadzu Corporation, are the major companies operating in the biobanking technology market
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Biobanking Technology Market - By Application
1.3.2 Biobanking Technology Market - By Type
1.3.3 Biobanking Technology Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. BIOBANKING TECHNOLOGY MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. BIOBANKING TECHNOLOGY MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. BIOBANKING TECHNOLOGY MARKET - GLOBAL MARKET ANALYSIS
6.1. BIOBANKING TECHNOLOGY - GLOBAL MARKET OVERVIEW
6.2. BIOBANKING TECHNOLOGY - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. BIOBANKING TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. REGENERATIVE MEDICINE
7.3.1. Overview
7.3.2. Regenerative Medicine Market Forecast and Analysis
7.4. LIFE SCIENCE
7.4.1. Overview
7.4.2. Life Science Market Forecast and Analysis
7.5. CLINICAL RESEARCH
7.5.1. Overview
7.5.2. Clinical Research Market Forecast and Analysis
8. BIOBANKING TECHNOLOGY MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
8.1. OVERVIEW
8.2. TYPE MARKET FORECASTS AND ANALYSIS
8.3. BLOOD PRODUCTS
8.3.1. Overview
8.3.2. Blood Products Market Forecast and Analysis
8.4. HUMAN TISSUES
8.4.1. Overview
8.4.2. Human Tissues Market Forecast and Analysis
8.5. CELL LINES
8.5.1. Overview
8.5.2. Cell Lines Market Forecast and Analysis
8.6. NUCLEIC ACIDS
8.6.1. Overview
8.6.2. Nucleic Acids Market Forecast and Analysis
9. BIOBANKING TECHNOLOGY MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Biobanking Technology Market Overview
9.1.2 North America Biobanking Technology Market Forecasts and Analysis
9.1.3 North America Biobanking Technology Market Forecasts and Analysis - By Application
9.1.4 North America Biobanking Technology Market Forecasts and Analysis - By Type
9.1.5 North America Biobanking Technology Market Forecasts and Analysis - By Countries
9.1.5.1 United States Biobanking Technology Market
9.1.5.1.1 United States Biobanking Technology Market by Application
9.1.5.1.2 United States Biobanking Technology Market by Type
9.1.5.2 Canada Biobanking Technology Market
9.1.5.2.1 Canada Biobanking Technology Market by Application
9.1.5.2.2 Canada Biobanking Technology Market by Type
9.1.5.3 Mexico Biobanking Technology Market
9.1.5.3.1 Mexico Biobanking Technology Market by Application
9.1.5.3.2 Mexico Biobanking Technology Market by Type
9.2. EUROPE
9.2.1 Europe Biobanking Technology Market Overview
9.2.2 Europe Biobanking Technology Market Forecasts and Analysis
9.2.3 Europe Biobanking Technology Market Forecasts and Analysis - By Application
9.2.4 Europe Biobanking Technology Market Forecasts and Analysis - By Type
9.2.5 Europe Biobanking Technology Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Biobanking Technology Market
9.2.5.1.1 Germany Biobanking Technology Market by Application
9.2.5.1.2 Germany Biobanking Technology Market by Type
9.2.5.2 France Biobanking Technology Market
9.2.5.2.1 France Biobanking Technology Market by Application
9.2.5.2.2 France Biobanking Technology Market by Type
9.2.5.3 Italy Biobanking Technology Market
9.2.5.3.1 Italy Biobanking Technology Market by Application
9.2.5.3.2 Italy Biobanking Technology Market by Type
9.2.5.4 Spain Biobanking Technology Market
9.2.5.4.1 Spain Biobanking Technology Market by Application
9.2.5.4.2 Spain Biobanking Technology Market by Type
9.2.5.5 United Kingdom Biobanking Technology Market
9.2.5.5.1 United Kingdom Biobanking Technology Market by Application
9.2.5.5.2 United Kingdom Biobanking Technology Market by Type
9.2.5.6 Rest of Europe Biobanking Technology Market
9.2.5.6.1 Rest of Europe Biobanking Technology Market by Application
9.2.5.6.2 Rest of Europe Biobanking Technology Market by Type
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Biobanking Technology Market Overview
9.3.2 Asia-Pacific Biobanking Technology Market Forecasts and Analysis
9.3.3 Asia-Pacific Biobanking Technology Market Forecasts and Analysis - By Application
9.3.4 Asia-Pacific Biobanking Technology Market Forecasts and Analysis - By Type
9.3.5 Asia-Pacific Biobanking Technology Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Biobanking Technology Market
9.3.5.1.1 Australia Biobanking Technology Market by Application
9.3.5.1.2 Australia Biobanking Technology Market by Type
9.3.5.2 China Biobanking Technology Market
9.3.5.2.1 China Biobanking Technology Market by Application
9.3.5.2.2 China Biobanking Technology Market by Type
9.3.5.3 India Biobanking Technology Market
9.3.5.3.1 India Biobanking Technology Market by Application
9.3.5.3.2 India Biobanking Technology Market by Type
9.3.5.4 Rest of Asia-Pacific Biobanking Technology Market
9.3.5.4.1 Rest of Asia-Pacific Biobanking Technology Market by Application
9.3.5.4.2 Rest of Asia-Pacific Biobanking Technology Market by Type
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Biobanking Technology Market Overview
9.4.2 Middle East and Africa Biobanking Technology Market Forecasts and Analysis
9.4.3 Middle East and Africa Biobanking Technology Market Forecasts and Analysis - By Application
9.4.4 Middle East and Africa Biobanking Technology Market Forecasts and Analysis - By Type
9.4.5 Middle East and Africa Biobanking Technology Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Biobanking Technology Market
9.4.5.1.1 South Africa Biobanking Technology Market by Application
9.4.5.1.2 South Africa Biobanking Technology Market by Type
9.4.5.2 Saudi Arabia Biobanking Technology Market
9.4.5.2.1 Saudi Arabia Biobanking Technology Market by Application
9.4.5.2.2 Saudi Arabia Biobanking Technology Market by Type
9.4.5.3 U.A.E Biobanking Technology Market
9.4.5.3.1 U.A.E Biobanking Technology Market by Application
9.4.5.3.2 U.A.E Biobanking Technology Market by Type
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Biobanking Technology Market Overview
9.5.2 South and Central America Biobanking Technology Market Forecasts and Analysis
9.5.3 South and Central America Biobanking Technology Market Forecasts and Analysis - By Application
9.5.4 South and Central America Biobanking Technology Market Forecasts and Analysis - By Type
9.5.5 South and Central America Biobanking Technology Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Biobanking Technology Market
9.5.5.1.1 Brazil Biobanking Technology Market by Application
9.5.5.1.2 Brazil Biobanking Technology Market by Type
9.5.5.2 Argentina Biobanking Technology Market
9.5.5.2.1 Argentina Biobanking Technology Market by Application
9.5.5.2.2 Argentina Biobanking Technology Market by Type
9.5.5.3 Rest of South and Central America Biobanking Technology Market
9.5.5.3.1 Rest of South and Central America Biobanking Technology Market by Application
9.5.5.3.2 Rest of South and Central America Biobanking Technology Market by Type
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. BIOBANKING TECHNOLOGY MARKET, KEY COMPANY PROFILES
11.1. THERMO FISHER
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. TECAN GROUP
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. QIAGEN
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. HAMILTON
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. BROOKS AUTOMATION
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. TTP LABTECH
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. VWR
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. PROMEGA
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. WORTHINGTON
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. CHART INDUSTRIES
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
11.11. BD
11.11.1. Key Facts
11.11.2. Business Description
11.11.3. Products and Services
11.11.4. Financial Overview
11.11.5. SWOT Analysis
11.11.6. Key Developments
11.12. MERCK
11.12.1. Key Facts
11.12.2. Business Description
11.12.3. Products and Services
11.12.4. Financial Overview
11.12.5. SWOT Analysis
11.12.6. Key Developments
11.13. MICRONIC
11.13.1. Key Facts
11.13.2. Business Description
11.13.3. Products and Services
11.13.4. Financial Overview
11.13.5. SWOT Analysis
11.13.6. Key Developments
11.14. PANASONIC
11.14.1. Key Facts
11.14.2. Business Description
11.14.3. Products and Services
11.14.4. Financial Overview
11.14.5. SWOT Analysis
11.14.6. Key Developments
11.15. GREINER BIO ONE
11.15.1. Key Facts
11.15.2. Business Description
11.15.3. Products and Services
11.15.4. Financial Overview
11.15.5. SWOT Analysis
11.15.6. Key Developments
11.16. BIOKRYO
11.16.1. Key Facts
11.16.2. Business Description
11.16.3. Products and Services
11.16.4. Financial Overview
11.16.5. SWOT Analysis
11.16.6. Key Developments
11.17. BIOBANK
11.17.1. Key Facts
11.17.2. Business Description
11.17.3. Products and Services
11.17.4. Financial Overview
11.17.5. SWOT Analysis
11.17.6. Key Developments
11.18. BIOREP
11.18.1. Key Facts
11.18.2. Business Description
11.18.3. Products and Services
11.18.4. Financial Overview
11.18.5. SWOT Analysis
11.18.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1.Thermo Fisher
2.Tecan Group
3.Qiagen
4.Hamilton
5.Brooks Automation
6.TTP Labtech
7.VWR
8.Promega
9.Worthington
10.Chart Industries
11.BD
12.Merck
13.Micronic
14.Panasonic
15.Greiner Bio One
16.Biokryo
17.Biobank
18.Biorep
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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