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Biobanking Market by Product & Service (Equipment, Consumable, Service, Software), by Sample Type (Blood products, Human tissues, Cell lines, Nucleic acids, Biological fluids, Human waste products), by Application (Regenerative medicine, Life-science research, Clinical research), by End-User (Biotechnology & Pharmaceutical Companies, Contract research organizations (CROs), Academic & Research Institutes, Hospitals), by North America (U.S., Canada), by Europe (Germany, UK, France, Spain, Italy, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by Middle East & Africa (South Africa, Saudi Arabia, Rest of Middle East & Africa) Forecast 2025-2033
The size of the Biobanking Market was valued at USD 62.6 Billion in 2024 and is projected to reach USD 101.84 Billion by 2033, with an expected CAGR of 7.2% during the forecast period. The Biobanking Market focuses on the gathering, preservation, and administration of biological specimens, including blood, tissue, and DNA, for research and healthcare purposes. These samples are essential for enhancing scientific knowledge in fields such as genetics, disease investigation, drug creation, and tailored medicine. Biobanks are essential for facilitating the identification of biomarkers, methods for disease prevention, and therapeutic interventions. The demand for personalized medicine is rising, alongside increasing investments in healthcare research and innovations in biotechnology and genomics, which drive the market. Furthermore, the increasing demand for extensive data gathering and joint research in multiple areas, such as cancer, rare diseases, and infectious diseases, is driving the market's expansion. With the rise of precision medicine, biobanks are broadening their emphasis to encompass multi-omics data integration, enhancing their usefulness for pharmaceutical and academic studies. The Biobanking Market is projected to expand as an increasing number of research institutions, hospitals, and pharmaceutical firms depend on biobanks to enhance their scientific and clinical efforts, fostering innovation in healthcare.
The Biobanking Market is fragmented, with several key players, including Thermo Fisher Scientific, PHC Holdings Corporation, and Qiagen N.V. Market concentration is influenced by factors such as technological capabilities, geographic footprint, and financial resources. Innovation is a critical characteristic of the market, with companies investing heavily in research and development to improve sample handling, data management, and quality control. Regulations and ethical guidelines play a significant role in shaping market practices and ensuring the responsible use of biospecimens.
The report covers a comprehensive analysis of the Biobanking Market, including market size, market share, and growth projections. It provides detailed insights into product segments, application areas, and end-user profiles.
Market Size: The Biobanking Market is valued at $62.6 Billion in 2023, with an estimated market size of $110.6 Billion by 2030. Market Share: Thermo Fisher Scientific holds a leading market share of 25%.
Growth: The market is expected to grow at a CAGR of 7.2% from 2023 to 2030.
North America:
Europe:
Asia Pacific:
Latin America:
Middle East & Africa:
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 7.2% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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