Biobanking Equipment Market Expected to Deliver Dynamic Progression until 2022

Fact.MR Fact.MR

Rising number of research activities related to genomics to study nature of diseases, along with the advancements in biobanking are expected to impact growth of the global biobanking equipment market. This FactMR report analyzes the expansion of global biobanking equipment market till date, and provides key insights on the growth of the market during the forecast period, 2017-2022. The scope of FactMR’s report is to analyze the global biobanking equipment market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global biobanking equipment market can benefit from the analysis offered in this report.

Get a Free Sample PDF Illustration Here – https://www.factmr.com/connectus/sample?flag=S&rep_id=250

Bio banking equipment are equipment used in the biorepository, which stores biological samples for research purposes. Using biobanking equipment, researchers conduct tests, or perform analysis on specimens stored in a biobank. Along with equipment, consumables, software and services play an important role in helping researchers to study various types of diseases.

A major factor driving growth of the biobanking equipment market is growing demand for personalized medicine, which can be attributed to high unmet medical requirements for developing effective therapies. Personalized medicine implies treatments based on preferences, needs, and characteristics of patients. Individuals across the globe have been witnessed to bank their tissues and stem cells, in case any future treatment is required. Development of personalized medicine critically needs individual samples with annotated pathological and clinical data. Several research organizations are focusing on exploring ways for developments in personalized treatments with the help of biological samples. For example, in the previous year, Illumina signed 4 deals, related to biobanking, with the Vanderbilt University, Partners HealthCare, the Montreal Heart Institute, and the University of Colorado, with an aim of developing personalized medicines, and improving the overall healthcare system. This will positively impact growth of the global biobanking equipment market. Other factors influencing the market growth include growing need for discovery and development of cost-effective drugs, rise in private as well as government funding for supporting research on regenerative medicine, surging genomics research activities to study diseases, and advancements in biobanking.

A prevalent trend being witnessed in the global biobanking equipment market is conservation of newborns’ cord blood stem cells. The market for biobanking is highly fragmented, owing to presence of various small and large vendors. Owing to similarity between products available in the market, vendors are focusing on differentiating their services based on value-added services, and automation of existing technology, for thriving in this highly competitive market. According to FactMR’s recent research, the global market for biobanking equipment is expected to exhibit a high-single digit CAGR throughout the forecast period 2017 to 2022. Sales of biobanking equipment worldwide are estimated to surpass US$ 2,000 Mn in revenues by 2022-end.

Read Complete Factors about this Report from Here – https://www.factmr.com/report/250/biobanking-equipment-market

North America will remain the most attractive market for biobanking equipment, expanding at 7.6% CAGR through 2022. In addition, the markets in Japan and Latin America are estimated to witness a parallel expansion, exhibiting similar CAGRs through 2022. Blood is expected to be the most lucrative sample in the market, with sales expanding at the highest CAGR and accounting for the largest revenues through 2022. In contrast, sales of tissues are anticipated to exhibit the lowest CAGR through 2022, based on sample type. On the basis of product, equipment will remain dominant in the market, with sales poised to exceed US$ 1,300 Mn in revenues by 2022-end. Between consumables, and software & services, the latter is projected to register a comparatively faster expansion through 2022.

Competition Tracking

The report has profiled key players operating in the global biobanking equipment market, which include Becton, Dickinson and Company, Brooks Automation, Inc., Chart Industries, Inc., Greiner Holding AG, Hamilton Company, Merck KGaA, Panasonic Healthcare Holdings, Promega Corporation, Tecan Trading AG, Qiagen N.V., Thermo Fisher Scientific Inc., and VWR Corporation.

Table of Contents

  1. Global Biobanking Equipment Market – Executive Summary
  2. Global Biobanking Equipment Market Overview

2.1. Introduction

2.1.1. Global Biobanking Equipment Market Taxonomy

2.1.2. Global Biobanking Equipment Market Definition

2.2. Global Biobanking Equipment Market Size (US$ Mn) and Forecast, 2012-2022

2.2.1. Global Biobanking Equipment Market Y-o-Y Growth

2.3. Global Biobanking Equipment Market Dynamics

2.3.1. Drivers

Continued…………………………………

Buy Full Report with Facts – https://www.factmr.com/checkout/250/S

About FactMr

FactMR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized market research reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

Contact Us
FactMR
11140 Rockville Pike
Suite 400, Rockville, MD 20852
United States
Email: sales@factmr.com
Web: https://www.factmr.com/
Blog: https://factmrblog.com/

Matched content

Editor’s pick