Market Overview

The Global Biobanking Market to 2025 by Specimen Type, Type of Biobank, Ownership and Application - ResearchAndMarkets.com

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The "Biobanking
Market by Specimen Type, Type of Biobank, Ownership and Application -
Global Opportunity Analysis and Industry Forecast, 2018-2025"

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The global biobanking market was valued at $47,062 million in 2017, and
is estimated to reach $68,084 million by 2025, growing at a CAGR of 4.6%
from 2017 to 2025.

The major factors that contribute towards the market growth include rise
in funding by private & government organizations for biobanking and
increase in application areas of biobanked samples. Biobanked specimens
are used in the treatment of several chronic diseases, and thus increase
in incidence of disease such as cancer further supports the market
growth.

However, ethical issues related to biobanking and lack of awareness
about it are expected to impede the market growth. Conversely, unmet
medical needs in the emerging nations are expected to provide lucrative
opportunity for the market.

The blood product segment generated the maximum revenue in 2017,
accounting for more than two-fifths share of the global biobanking
market in 2017. On the other hand, solid tissue segment is expected to
witness the highest CAGR during the forecast period.

By type of biobank, the population-based biobank segment generated the
maximum revenue during the forecast period and is expected to grow at a
CAGR of 5.2%.

Key Findings

  • The research segment contributed for nearly two-thirds share of the
    global biobanking market in 2017.
  • The private organization segment is projected to grow at a significant
    CAGR from 2018 to 2025.
  • In 2017, national/regional agencies led the overall biobanking market,
    and is projected to grow at a CAGR of 4.2% during the forecast period.

Companies Profiled

  • Askion GmbH
  • CTI Biotech
  • Cureline, Inc.
  • Excilone SARL
  • Firalis S.A.
  • Hamilton Company
  • LabVantage Solutions, Inc.
  • LGC Limited
  • PrecisionMed, Inc.
  • ProMedDx, LLC

For more information about this report visit https://www.researchandmarkets.com/research/cc9g9k/the_global?w=4

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