BIOBANK MARKET Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2017-2025
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REPORT DESCRIPTION Biobank MarketOverview Biobank is a type of repository which collects and store biological samples for biomedical research. The human biological materials include blood, purified DNA, saliva, serum, and other specimens. Preservation of cells and tissues samples is done by cryopreservation at -1960C or using chemicals. The biobanks keep a health related records of genetic information, lifestyle, and family history. Biobank help researchers to detect human diseases and their unspecified causes by conducting various tests on the samples. Biobanks are largely used to access variety of data representing a large number of people for providing personalized medications, minimizing drug reactions, stem cell research, updating age demographic databases. The bio-repositories play a fundamental role in research and development, which is associated with drug development and discovery. Biobanks also provide inevitable assistance in gaining prospective to orphan diseases associated with genome wide studies via single nucleotide polymorphism (SNP). Request to download and view Sample Report: https://www.coherentmarketinsights.com/insight/request-sample/896 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. Š Coherent market Insights. All Rights Reserved
REPORT DESCRIPTION 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
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REPORT DESCRIPTION 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.
Get Exclusive Discount on this CMI Report: https://www.coherentmarketinsights.com/insight/request-discount/896 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. Š Coherent market Insights. All Rights Reserved
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