How is Rising Prevalence of Chronic Diseases Driving Biobanking Market?

1. In-Depth Analysis of Biobanking Market Current Trends and Future Estimations 1 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

2. The rising incidence of various chronic conditions and diseases such as Parkinson’s disease, diabetes, and Alzheimer’s disease is pushing up the demand for stem cells and cord blood cells across the globe, on account of the fact that these therapies can help considerably in organ transplantation, tissue grafting, drug testing, and the development of regenerative medicine. This is subsequently pushing up the requirement for biobanks and biobanking solutions across the world. Moreover, due to the surging demand for finding proper and effective treatment procedures for various chronic diseases such as ischemic heart diseases, respiratory disorders, cancer, and diabetes, the governments and national bodies/institutes of many countries are making huge investments in biobanks for preserving, analyzing, transporting, and collecting blood samples. For example, the German Federal Ministry of Education and Research (BMBF) made an allocation of $16 million to 11 German biobanks in May 2017. Receive Sample Copy of this Report: https://www.psmarketresearch.com/market-analysis/biobanking- market/report-sample Due to the aforementioned factors, the demand for biobanks is growing rapidly across the world. This is driving the advancement of the global biobanking market. As a result, the valuation of the market is predicted to surge from $25.8 billion in 2018 to $36.8 billion by 2024. Furthermore, the market is predicted to progress at a CAGR of 6.2% between 2019 and 2024. Depending on offering, the market is divided into services, software, equipment, and consumables. Out of these, the consumables category is predicted to demonstrate the highest growth in the market in the future years. Furthermore, the software category is predicted to exhibit rapid expansion in the biobanking market in the forthcoming years. When the type of sample is taken into consideration, the market is classified into human tissues, blood products and genetic materials, biological fluids, human waste products, cell lines, and human tissues categories. Out of these, the blood products and genetic material category will register the highest growth in the market in the upcoming years, as per the estimates of P&S Intelligence, a market research company based in India. This is credited to the growing requirement for the preservation of various blood products such as serum, plasma, and platelets all over the world on account of the growing incidence of chronic diseases across the world. Globally, the biobanking market is predicted to demonstrate lucrative growth in the Asia-Pacific (APAC) region in the coming years. This will be a result of the surging clinical research activities and the soaring population of geriatric people in the regional countries. Apart from these factors, the rapid expansion of the 2 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

3. biotechnology sector, because of the huge investments being made in this sector by both private and public organizations, is also propelling the demand for biobanks in the APAC region. Hence, it can be said with full confidence that the demand for biobanks will surge all over the world in the coming years, primarily because of the rising incidence of chronic diseases, the soaring geriatric population, and the allocation of huge funds for the development of biobanks in healthcare facilities around the world. The research offers market size of the global biobanking market for the period 2014–2024. Market Segmentation by Offering Market Segmentation by Offering Consumables Equipment Services Software Market Segmentation by Sample Type Market Segmentation by Sample Type Blood Products and Genetic Material Human Tissues Cell Lines Biological Fluids Human Waste Products Market Segmentation by Storage Type Market Segmentation by Storage Type Manual Automated Market Segmentation by Application Market Segmentation by Application Clinical Research Life Science and medical Research Regenerative Medicine Market Segmentation by Utility Market Segmentation by Utility Research Routine Epidemiology Market Segmentation by Geography Market Segmentation by Geography North America Biobanking Market • • • • • • • • • • • • • • • • • • oBy offering oBy sample type oBy storage type 3 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

4. oBy application oBy utility oBy country – U.S. and Canada U.S. biobanking market ▪ By offering By sample type By storage type By application By utility Canada biobanking market By offering By sample type By storage type By application By utility ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Europe Biobanking Market • oBy offering oBy sample type oBy storage type oBy application oBy utility oBy country – Germany, France, U.K., Italy, Spain, and Rest of Europe Germany biobanking market By offering By sample type By storage type By application By utility ▪ ▪ ▪ ▪ ▪ ▪ • o U.K. biobanking market By offering By sample type By storage type By application ▪ ▪ ▪ ▪ ▪ 4 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

5. By utility ▪ • o France biobanking market By offering By sample type By storage type By application By utility Italy biobanking market By offering By sample type By storage type By application By utility Spain biobanking market By offering By sample type By storage type By application By utility ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ APAC Biobanking Market • oBy offering oBy sample type oBy storage type oBy application oBy utility oBy country – Japan, China, India, and Rest of APAC Japan biobanking market By offering By sample type By storage type By application By utility China biobanking market ▪ ▪ ▪ ▪ ▪ ▪ ▪ 5 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

6. By offering By sample type By storage type By application By utility India biobanking market By offering By sample type By storage type By application By utility ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ ▪ Latin America (LATAM) Biobanking Market • oBy offering oBy sample type oBy storage type oBy application oBy utility oBy country – Brazil, Mexico, and Rest of LATAM Middle East and Africa (MEA) Biobanking Market • oBy offering oBy sample type oBy storage type oBy application oBy utility oBy country – Saudi Arabia, South Africa, U.A.E., and Rest of MEA 6 © Prescient & Strategic (P&S) Intelligence Pvt. Ltd. All rights reserved

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