Biobanking Market Innovation Spotlight : Emerging Role of Excipients in Healthcare Industry

According to the latest report by Quince Market Insights, the increasing demand from Research Centers and Hospitals for various applications is expected to drive market growth of biobanking market during the forecast period. Owing to the increasing cases of various chronic diseases as well as increasing demand for genomics research, the global biobanking market has witnessed growth.

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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:

1) Tecan AG
2) Panasonic Biomedical Sales Europe B.V.
3) Thermo Fisher Scientific Inc.
4) Taylor-Wharton International LLC
5) So-Low Environmental Equipment Co.
6) BioCision
7) VWR International
8) LLC
9) Beckman Coulter, Inc.
10) BioLife Solutions Inc.

Segmentation for better understanding of this market

The global biobanking market has been segmented on the basis of product type, sample type, storage type, and application.

Based on product types, the market is segmented into equipment, consumables, services, and storage. The equipment segment has been further divided into storage equipment, sample analysis equipment, sample processing equipment, sample transport equipment, and others. The consumables segment has been further segmented into storage consumables, analysis consumables, processing consumables, collection consumables, and others. The demand for biobanks and biospecimens is increasing, which, in turn, is driving the segment growth.

Based on sample type, the market has been segmented into blood products, human tissues, cell lines, nucleic acids, biological fluids, and others. Rising cases of blood disorders as well as increasing demand for various types of blood products globally are major reasons for the growth of this sector.

Based on storage type, the market has been divided into manual storage and automated storage. There has been a rise in the demand for automated storage, as it is more efficient and eliminates any error, which might occur in manual storage.

Based on application, the market has been segmented into regenerative medicine, life science research, and clinical research. There has been a significant growth of this segment, owing to the increasing demand for genomics research.

Based on end user, the market has been segmented into hospitals, diagnostic laboratory, research centers, and others.

Significant Factors Impacting Market Growth:

o Increasing cases of chronic diseases globally
o Rise in funding support by private and government organizations
o Increasing demand for research activities in genomics

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Regional distribution and analysis to understand growth patterns:
North America, Western Europe, and Asia Pacific by region are estimated to dominate the biobanking market during the forecast period. In terms of technological developments and advanced medical treatments these regions have been market leaders in the healthcare sector. In addition, government policies were beneficial for the growth of healthcare infrastructure in those regions. There is an established health care infrastructure in North America and Western Europe for product innovations and early adaptations. This is expected to drive the demand for biobanking market during the forecast period.

The US, Germany, France, UK, Canada, and Spain have been some of the major markets in this region. Asia Pacific is estimated to register one of highest CAGR for biobanking market during the forecast period. This region has witnessed strategic investments by global companies to cater the growing demand in the recent years. China, Japan, India, South Korea, and Australia are amongst some of the key countries for biobanking market in the region. Other regions including Middle East, Eastern Europe, and Rest of the World (South America and Africa) are estimated to be emerging markets for biobanking during the forecast period.

Market Segmentation:

By Product Type:
o Equipment
o Storage
o Sample analysis
o Sample processing
o Sample transport
o Others
o Consumables
o Storage
o Analysis
o Processing
o Collection
o Others

By Sample Type:
o Blood Products
o Human Tissues
o Nucleic Acids
o Human Waste Products
o Cell Lines
o Biological Fluids
o Others

By Storage Type:
o Manual
o Automated

By Application:
o Regenerative Medicine
o Life Science Research
o Clinical Research

By End User:
o Hospitals
o Diagnostic Laboratory
o Research Centers
o Others
By Region:

North America
o By Country (US, Canada, Mexico)
o By Product Type
o By Sample Type
o By Storage Type
o By Application
o By End User

Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Product Type
o By Sample Type
o By Storage Type
o By Application
o By End User

Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Product Type
o By Sample Type
o By Storage Type
o By Application
o By End User

Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Product Type
o By Sample Type
o By Storage Type
o By Application
o By End User

Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Product Type
o By Sample Type
o By Storage Type
o By Application
o By End User

Rest of the World
o By Region (South America, Africa)
o By Product Type
o By Sample Type
o By Storage Type
o By Application
o By End User

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