Biobanking Equipment Market - Size, Share, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Biobanking Equipment Market - Size, Share, Trends, Outlook, and Opportunity Analysis, 2022 - 2028

Biobank is a repository or library which stores the biological samples intended for the research purpose. The biobank also plays an important role in different domains of biomedical research such as molecular diagnostics, pharmacogenomics, genetic epidemiology, and molecular pathology. The biobank is used to store purified saliva, blood, plasma, DNA samples, and tissue sample. The data provided by biobank is used by researchers for multiple purpose such as genetic trait identification and disease identification. Biobanking aims to improve the prevention, diagnosis and treatment of wide range of disease including heart diseases, cancer, diabetes, osteoporosis, arthritis, eye disorder, and several forms of dementia.
Market Dynamics
Increasing application of biobanking in various field such as oncology, neurology, cardiology, and orthopaedics is expected to be a major factor driving growth of the biobanking equipment market. Moreover, increasing adoption of precision medicine with rising awareness about the stem cell treatment and bio-preservation is expected to augment the biobanking equipment market size during the forecast period. In 2016, the National Institutes of Health invested US$ 215 million in the precision medicine initiative to accelerate biomedical research and provide clinicians with new tools to select the innovative therapies tailored according to individual need.
However, low cost substitute techniques, tissue injury during freezing, stringent reimbursement policies, lack of standardization, confidentiality, and ethical issues are the major factors restraining the global biobanking equipment market growth. For instance, in emerging economies lack public awareness regarding biobanking. Socioeconomic factors such as the high level of poverty, caste and class hierarchies, low literacy rate, and gender inequality plays a key role in voluntary biobanking.
Key Features of the Study:
This report provides in-depth analysis of the biobanking equipment market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles key players in the global biobanking equipment market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study Thermo Fisher Scientific Inc., BioLife Solutions, Inc., Beckman Coulter, Inc., Panasonic Biomedical Sales, BioCision, Taylor-Wharton International, VWR International and So-Low Environmental Equipment Co., and Tecan AG
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global biobanking equipment market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for biobanking equipment market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
Global Biobanking Equipment Market, By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
Global Biobanking Equipment Market, By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
Global Biobanking Equipment Market, By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Global Biobanking Equipment Market, By Geography:
North America
By Country:
U.S.
Canada
By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Europe
By Country:
Germany
U.K.
France
Italy
Spain
Russia
Rest of Europe
By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Asia Pacific
By Country:
China
Japan
India
ASEAN
Australia
South Korea
Rest of Asia Pacific
By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Latin America
By Country:
Brazil
Mexico
Argentina
Rest of Latin America
By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Middle East
By Country:
GCC Countries
Israel
Rest of Middle East
By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Africa
By Country:
North Africa
Central Africa
South Africa
By Product Type:
Equipment
Refrigerators and Freezers
Liquid Nitrogen Supply Tanks
Cryogenic Storage Systems
Media
Optimized Pre-Formulated Media
Non-Optimized Isotonic Formulation Media
Consumables
Others
By Sample Type:
Human Tissue and Tumor Cells
Bio-fluids
Stem Cells
Umbilical Cord
DNA/RNA
By End User:
Hospitals
Research Organizations
Cell and Tissue Banks
Blood Banks
DNA Banks
Company Profiles
Thermo Fisher Scientific Inc.*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
BioLife Solutions, Inc.
Beckman Coulter, Inc.
Panasonic Biomedical Sales
BioCision
Taylor-Wharton International
VWR International
So-Low Environmental Equipment Co.
Tecan AG
“*” marked represents similar segmentation in other categories in the respective section.