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Follow on Google News | Biobank Market by product type, and end-user - Global Industry Insights, Size, Share, Trends, 2025Biobank Market - Global Industry Insights, Size, Share, Trends, Outlook, and Opportunity Analysis, 2017–2025
Development of personalized medicine to develop effective therapies drives the global biobank market Poor productivity rate of the pharmaceutical industry with 90% failure of proposed drugs during clinical trials, the adherence of human tissue samples, and stem cells to execute pre-clinical trials for reducing high cost associated drug failures are the factors expected to drive the growth of biobank market. Additionally, novelty in cell and tissue disorder treatments, drug discovery, rising incidence of chronic diseases and government initiatives for innovation of regenerative medicines are the key factors driving the global biobank market. Request to download and view Sample Report: https://www.coherentmarketinsights.com/ The extensive development of personalized treatments by research organizations to develop effective therapies to satisfy medical needs using biological samples is expected to fuel the demand for biobank market during the forecast period. For instance, Illumina signed 4 biobank deals in 2016, with Partners HealthCare, Montreal Heart Institute, University of Colorado and Vanderbilt University with an objective to improve healthcare and develop personalized medicines. However, cost competitive techniques, tissue injury during freezing, reimbursement concerns, lack of standardization, confidentiality and surveillance issues, economic downturn, and ethical issues are the major factors restraining the growth for global biobank market. Establishment of drug efficacy contributes to the dominance of target tissue segment The global biobank market is segmented on the basis of bio preservation media types, products, analysis, applications, end user and geography. On the basis of bio preservation media types, the global biobank market is segmented into: · Optimized Pre-Formulated Media · Non-Optimized Isotonic Formulation Media On the basis of products, the global biobank market is segmented into: · Consumables · Equipment · Refrigerators and Ice Machines · Liquid Nitrogen Supply Tanks · Cryogenic Storage Systems On the basis of analysis, the global biobank market is segmented into: · Human tissue and tumor cells · Bio-fluids · Stem cells · Umbilical cord · DNA/RNA Tailored Information as per niche requirement: On the basis of application, the global biobank market is segmented into: · Biobanking · Regenerative Medicine · Drug Discovery On the basis of end-user, the global biobank market is segmented into: · Diagnostic Clinical Centers · Research Organizations · Others Increasing funds from National Institute of Health, USA is expected to dominate North America in the global biobank market Regional segmentation of the global biobank market by Coherent Market Insights comprises North America, Latin America, Europe, and Asia-Pacific. According to the research conducted by BioMed Central, United States, stored 270 million specimens in biobanks in 2008, with the rate of new samples collected being 20 million every year. North America is expected to dominate the global biobank market with the increasing funds from healthcare organizations like National Institute of Health (NIH) and National Cancer Institute, which facilitate biobanks across the U.S. Additionally, the rising interest in biotechology has facilitated collaborations of biobanks which is expected to augment the global biobank market in the forecast period. Asia-Pacific is expected to have an opportunistic biobank market owing to the rise in diseases, government initiative to finance the cell-based therapies, substantial investment by pharmaceutical, high number of biotechnology companies, and public awareness. Browse Research Report At: https://www.coherentmarketinsights.com/ Automation of storage processes is the latest trend adopted by the key players Key players operating the global biobank market includes Thermo Fisher Scientific Inc., BioLife Solutions, Inc., Beckman Coulter, Inc., Panasonic Biomedical Sales and Tecan AG. New product launches, increasing collaborations, mergers and acquisitions and partnerships among the market players are some of the strategies observed in global biobanks market. Biomatrica, IntegenX, radiofrequency identification, and micro electromechanical systems are the innovative reagents and products launched for the storage and stabilization of DNA and RNA at room temperature. The other companies operating in the global biobank market are BioCision, Taylor-Wharton International, VWR International and So-Low Environmental Equipment Co. among others. About Coherent Market Insights: Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity. End
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