Pune, Maharashtra -- (SBWIRE) -- 10/12/2022 -- In the field of biomedical research, biobanks are crucial. In addition to accelerating the conversion of scientific knowledge into technical applications, biobanks also create circumstances in which gaining such knowledge is primarily dependent on technology. For research in genomics, proteomics, metabolomics, molecular epidemiology, translational studies, and the development of pharmaceutical targets, biobanks are a valuable resource. Researchers from both academia and business are becoming more interested in biobanking as a result. The practice of biobanking is expanding in the world of biomedical research. As they help in the identification of biomarkers and different pharmaceutical therapies, numerous biobanks throughout the world are assisting in medical research and clinical trials of personalized medicine.
As per the most authenticated market research report by SNS Insider, the biobanking market is anticipated to reach USD 75.09 billion by 2028, with a CAGR of 7.5% over the forecast period of 2022–2028.

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Drivers, Restraints, Opportunities, and Challenges
Innovations in regenerative medicine, the rising prevalence of chronic diseases, improvements in drug discovery and development, and R&D financing and investments by government and non-governmental organizations are the main drivers of the expansion of the biobanks business. Regenerative medicine advancements are what are fueling the market's expansion. Therefore, throughout the projection period, the biobanking market expansion will be fueled by increasing cancer prevalence, increasing demand for biobanks, and major players' actions such as partnerships, collaborations, mergers, and acquisitions.

Issues with the acquisition of biospecimen samples, which is a difficult process that requires numerous steps to be completed, are a major factor restraining the growth of the global biobanking market. Additionally, the cost of biobanking technology prevents its widespread use in several developing nations.

Impact of the COVID-19 Pandemic
The biobanking market has been severely disrupted by the COVID-19 epidemic. The diagnosis of various diseases and the creation of effective treatments both heavily rely on biobanking. The COVID-19 epidemic has necessitated urgent international efforts to produce vaccinations and other treatments. The primary focus of this emergency is the collecting, processing, and analysis of patient samples. As a result of the researchers' extensive storage of patient samples during the COVID-19 epidemic, the biobanking market experienced tremendous expansion. The samples were gathered and stored for potential use in the future to provide diagnoses, treatments, and vaccinations.

Market Segmentation
By Specimen type
1.Solid Tissue
2.Nucleic Acid
3.Cell Lines
4.Blood Products
5.Others

By Type
1.Disease-oriented
2.Population

By Service
1.Qualification/ Validation
2.Cold Chain Logistics
3.Biobanking & Repository
4.Lab processing
5.Other Services

By Application type
1.Research
2.Therapeutic

By End User
1.Pharma & Biotech Companies
2.Academic Institutions

The real biobanks segment, which accounted for a higher revenue share, dominated the market in terms of kind. These biobanks hold a sizable chunk of the revenue pie due to their established networks. Precision medicine and bioinformatics analysis have advanced quickly as a result of the biobanks' new operating methodology.
According to the rise in chronic diseases and advancements in tissue regeneration, the research segment currently dominates the biobanking market and is anticipated to do so for the duration of the forecast period.
The market was dominated by the segment of biobanking and repository services, which generated the most income. This is a result of both the expanding demand for these services on the market and the growing requirement for biosample preservation to advance precision medicine and disease-specific research.

Regional Analysis
The United States controlled a large portion of the biobanking market in North America. The rising prevalence of chronic diseases and the increased emphasis on R&D activities are the main drivers of market expansion in the US. The region's market is expanding due to the rising prevalence of cancer, cardiovascular, and infectious disorders. The growing use of stem cell treatments for the treatment of different chronic diseases and a large number of COVID-19-related clinical trials are both contributing to the market's expansion. Throughout the projected period, the Asia Pacific area is anticipated to experience significant growth. The region's expanding consumer base has more room to grow as a result of the expanding population.

Competitive Landscape Outlook
Some of the prominent players working in the biobanking market are Hamilton Company, Avantor, Merck KGaA, BioCision, Becton, Thermo Fisher Scientific, Inc., Dickinson and Company (BD), Taylor-Wharton, and Danaher Corporation, and other players.

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Table Of Content
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 Ware
 
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