North America Biobanking Market was valued at USD 5 Billion in 2022 and is projected to reach USD 12 Billion by 2030, growing at a CAGR of 11.7% from 2024 to 2030.
The North American biobanking market plays a crucial role in advancing medical research and supporting industries like pharmaceuticals, healthcare, and biotechnology. Biobanks, which store biological samples such as blood, tissue, and DNA, are essential for developing new therapies, diagnostics, and personalized medicine solutions. This market is expected to grow significantly due to increasing demand for precision medicine and the rise in chronic diseases. As the biobanking landscape expands, industries across North America are realizing the immense potential and the specific requirements needed to optimize this market for their needs.
One of the primary applications of biobanks in North America is in clinical trials. By providing access to vast, diverse, and high-quality biological samples, biobanks help pharmaceutical companies conduct more accurate and efficient studies, leading to faster drug development. Additionally, biobanks play a significant role in the discovery of biomarkers, which are essential for diagnosing diseases early and determining personalized treatment plans. These applications are being increasingly integrated into healthcare systems, fostering a more targeted approach to patient care.
However, the industry’s growth presents several challenges. First, biobanks require strict regulatory frameworks to ensure the ethical collection, storage, and use of biological samples. This includes meeting the standards of organizations such as the U.S. Food and Drug Administration (FDA) and the National Institutes of Health (NIH). Second, biobanks must implement advanced technologies to ensure sample preservation, quality control, and accessibility. Many companies are turning to cloud-based storage solutions and digital tools to enhance their operational efficiency and scalability.
As demand for biobanks grows, there is also an increasing need for better collaboration between research institutions, healthcare providers, and industry stakeholders. The North American biobanking market continues to evolve, presenting opportunities and challenges for stakeholders in the pharmaceutical, biotechnology, and healthcare sectors, ultimately advancing medical science and improving patient outcomes.
In the context of these dynamic developments, the North America Biobanking Market is poised for substantial growth in the coming years.
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Beckman Coulter
Thermo Fisher
Panasonic
Sigma-Aldrich
SOL Group
Promega
BD
Brooks Life Science
QIAGEN
Tecan Group
Lifeline Scientific
So-Low
LVL Technologies
DNA Genotek
Micronic
Askion
Biolife Solutions
Cryo Bio System
BioRep
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the North America Biobanking Market
Virtual Biobanks
Tissue Biobanks
Population Biobanks
Based on Types the Market is categorized into Below types that held the largest Biobanking market share In 2023.
Equipment
Consumable
North America (United States, North America and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the North America Biobanking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. North America Biobanking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. North America Biobanking Market, By Type
6. North America Biobanking Market, By Application
7. North America Biobanking Market, By Geography
North America
Europe
Asia Pacific
Rest of the World
8. North America Biobanking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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