Biobanks Market - Global Industry Size, Market Share, Trends, Analysis And Forecast, 2012 - 2018
- Transparency Market Research
- Ongoing
- Biotechnology
Report Description
Biobanks is a collection or storation of blood and cell samples from a
large number of people. Biobank collection denotes its use in medical field
and research. The global biobank industry is segmented into different
sectors such as human tissue banking, or population banking, stem cell
banking, commercial biobanks, private cord banking, academic collections
and other services such as DNA and RNA storage.
The global biobanks market was USD 142.million in 2011 and it is
forecasted that this market will reach USD 216.3 million in 2018 with the
compound annual growth rate of 5.4 % from 2011 – 2018. This market
witnessed an increased trend of mergers and acquisitions among vendors. The
recent example of this trend in the biobank market was that in 2011 when
Thermo Fisher acquired Dionex Corp. This kind of collaboration of public
and private banks is expected to increase in the coming years.
This market will also be driven by the political and scientific
environment, increase in prevalence of chronic diseases such as
cardiovascular disease, neurovascular disease, cancer, diabetes and
respiratory disease, government funding and public awareness. Therefore,
many pharmaceutical and biotech companies are using biobanks to develop new
drugs for the treatment of chronic diseases which occur due to unhealthy
diets, physical inactivity, alcohol consumption, and smoking.
However, this market could also face challenges due to lack of
standardized and quality biospecimens. The private sector biobanks market
was USD.42.4.million in 2010 and it is projected that this market will
reach market value of USD 93.7 million in 2018.
The U.S and Europe have the largest market size in biobanks. However,
the rapid growth in population in Asia Pacific countries will affect the
market of the developed countries. Europe is the largest biorepositories
market due to the huge demand from Netherlands, Italy, Germany U.K and
several other countries.
The biobanks market is dominated by some key vendors who accounted for
more than seventy percent market share. These vendors include Thermo
Fischer Scientific Inc, New Brunswick Scientific Co. Inc., Beckman Coulter
Inc and ,Tecan AG. Thermo Fisher is the world leader in the biobanking
market providing healthier, cleaner and safer solutions to patients. There
are some other names in this market as well, such as TAP Biosystems, NEXUS
Biosystems, BioKryo GmbH and others.
This market research report analyzes important market segments, and
major geographies. This report is a complete study of current trends in the
market, industry growth drivers, and restraints. It provides market
projections for the coming years. It includes analysis of recent
developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a
review of micro and macro factors essential for the existing market players
and new entrants along with detailed value chain analysis.
Reasons for Buying this Report
- This report provides pin-point analysis for changing competitive dynamics
- It provides a forward looking perspective on different factors driving or restraining market growth
- It provides a technological growth map over time to understand the industry growth rate
- It provides a seven-year forecast assessed on the basis of how the market is predicted to grow
- It helps in understanding the key product segments and their future
- It provides an overview of the pricing trend and its impact on the market
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