Biobanking Market was valued at USD 70 Billion in 2022 and is projected to reach USD 178 Billion by 2030, growing at a CAGR of 12.1% from 2024 to 2030.
The global biobanking market was valued at approximately $95 billion in 2022, with a compound annual growth rate (CAGR) of 8.5% projected from 2023 to 2030. This growth is primarily driven by increasing demand for biobanks in research and clinical applications, rising investments in personalized medicine, and advancements in genomic research. The biobanking sector is experiencing significant expansion due to the growing emphasis on the development of precision medicine, coupled with the increasing prevalence of chronic diseases which necessitate extensive biobanking for research purposes. Moreover, the integration of advanced technologies such as artificial intelligence and machine learning is enhancing biobank operations, further contributing to the market's expansion.Emerging markets, particularly in Asia-Pacific and Latin America, are expected to witness substantial growth due to improving healthcare infrastructure, increasing government investments in biobanking initiatives, and a rising focus on clinical trials and research activities. The Asia-Pacific region alone is anticipated to account for a significant share of the market due to its large population base and rapid economic development, which is fostering an environment conducive to biobank growth. Opportunities in these emerging markets are bolstered by advancements in biobank technology and increasing collaborations between research institutions and biobank operators, positioning these regions as pivotal players in the global biobanking landscape.
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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 Global 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
Global (United States, Global 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 Global 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. Global Biobanking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Biobanking Market, By Type
6. Global Biobanking Market, By Application
7. Global Biobanking Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Biobanking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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