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North America Biobanks Market Research Report – Segmented By Product Type, Sample Type, Application & Country (The United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)

Published: January, 2022
ID: 441
Pages: 144

North America Biobanks Market Size (2022 to 2027)

The size of the North America Biobanks Market is estimated to grow USD 93.51 million by 2027 from USD 66.92 million in 2022, growing at a CAGR of 6.92% from 2022 to 2027. 

The biobank is basically a type of biorepository which stores the biological samples (mainly human samples) used for research purposes or even for treatment. Geographically North America leads the market with the highest number of shares.  Factors driving the market are the increasing rate of diseased and aged populations and the recent advancements in molecular biology and genetics, which require many specimens. Thus, biobanks play a vital role in the field of biomedical research. The wide range of biospecimens includes blood, saliva, plasma, and purified DNA, which can be described as libraries of the human organism.

The researchers depend more on biobanks for providing samples. In addition, biological material and related data have become an important resource for therapeutics and the industrial development of diagnostics and medical research. An increase in demand for tissue banking, stem cell banking, and umbilical cord banking is the reason for the inclination in the North American market for biopreservation systems due to an increase.

The key driver for the North America Biobanks Market is the pharmaceutical industry's poor productivity rate concerning new drug approvals. In addition, these storage solutions can reduce manufacturers' testing time and costs, as a testing laboratory can take up to 3 days for testing. Still, if the hospital themselves have a storage bank, the time can reduce to 3 hours.

The major drawbacks involve storage and handling problem, regulatory issues, and cost-competitive procedures. In addition, privacy and confidential issues are as well restraining the market.  

This research report on the North American Biobanks market has been segmented and sub-segmented into the following categories:

By Product Type: 

  • Equipment
  • Consumables

By Sample Type: 

  • Human Tissues
  • Stem Cells
  • DNA Or RNA
  • Bio-fluids
  • Others

The human tissue segment is expected to account for the highest market share of approximately 65% during the forecast period based on the sample type. In addition, preference for human tissue specimens increases over animal tissue samples due to the unavailability of appropriate animal models for specific neurological and psychiatric disorders.

By Application: 

  • Therapeutic Applications
  • Research Applications
  • Clinical Trials

By Country: 

  • The United States
  • Canada
  • Rest of North America

Geographically, North America dominated the global biobanks market in 2020. However, due to a growth in healthcare investments, the processing of largescale databases and installations is propelling market expansion in this region. With rising healthcare expenditures, the United States market has the largest share in this regional market. In addition, the market’s demand is projected to be fuelled by increased disposable income in metropolitan regions.

The inclination in the North American market for a biopreservation system is owing to an increase in demand for tissue banking, stem cell banking, and umbilical cord banking. In addition, the pharmaceutical industry’s low productivity rate in terms of new drug approvals is a major driver for the North American biobanks market.

Biobanks are useful not just for genetic illness therapies but also for medical research into rare genetic disorders.  Other factors, such as the increased prevalence of chronic diseases and rising healthcare spending, will likely propel the market forward throughout the forecast period. Furthermore, with technological developments and the increasing usage of automated storage systems, automated alarm monitoring devices are in high demand, which is projected to drive market expansion.

KEY MARKET PLAYERS:

Companies playing a dominant role in the North America biobanks market profiled in this report are Beckman Coulter, Tecan group, Taylor- Wharton, Panasonic biomedical, Teva Pharmaceuticals, Biolife Solutions, Custom biogenic systems, Princeton cryotech, Fluidx, Tissue solutions, Wildcat laboratory solutions, Micronik and Brooks life science systems.

1. Introduction                                                 

                1.1 Market Definition                                    

                1.2 Study Deliverables                                  

                1.3 Base Currency, Base Year and Forecast Periods                                          

                1.4 General Study Assumptions                                

2. Research Methodology                                                           

                2.1 Introduction                                               

                2.2 Research Phases                                      

                                2.2.1 Secondary Research                           

                                2.2.2 Primary Research                 

                                2.2.3 Econometric Modelling                      

                                2.2.4 Expert Validation                  

                2.3 Analysis Design                                         

                2.4 Study Timeline                                          

3. Overview                                                       

                3.1 Executive Summary                                

                3.2 Key Inferences                                         

                3.3 New Developments                               

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)                                                    

                4.1 Market Drivers                                          

                4.2 Market Restraints                                    

                4.3 Key Challenges                                         

                4.4 Current Opportunities in the Market                                              

5. Market Segmentation                                                              

                5.1 By Product Type                                       

                                5.1.1 Equipment’s                           

                                                5.1.1.1 Temperature control systems     

                                                5.1.1.2 Incubators           

                                                5.1.1.3 Centrifuges         

                                                5.1.1.4 Alarm and Monitoring Systems  

                                                5.1.1.5 Accessories         

                                                5.1.1.6 Other Equipment's          

                                5.1.2 Consumables                         

                5.2 By Sample Type                                        

                                5.2.1 Human Tissues                      

                                5.2.2 Stem Cells               

                                5.2.3 DNA or RNA                            

                                5.2.4 Bio-fluids                 

                                5.2.5 Other Sample Type                             

                5.3 By Application                                           

                                5.3.1 Therapeutic Applications                  

                                5.3.2 Research Applications                        

                                5.3.3 Clinical Trials                           

6. Geographical Analysis                                                              

                                6.1 Introduction                               

                                6.2 United States                            

                                6.3 Canada                         

7. Strategic Analysis                                                       

                7.1 PESTLE analysis                                         

                                7.1.1 Political                     

                                7.1.2 Economic                 

                                7.1.3 Social                         

                                7.1.4 Technological                         

                                7.1.5 Legal                          

                                7.1.6 Environmental                       

                7.2 Porter’s Five analysis                                              

                                7.2.1 Bargaining Power of Suppliers                        

                                7.2.2 Bargaining Power of Consumers                    

                                7.2.3 Threat of New Entrants                     

                                7.2.4 Threat of Substitute Products and Services                              

                                7.2.5 Competitive Rivalry within the Industry                     

8. Market Leaders' Analysis                                                        

                8.1 Beckman Coulter                                     

                                8.1.1 Overview                 

                                8.1.2 Product Analysis                   

                                8.1.3 Strategic Evaluation and Operations                            

                                8.1.4 Financial analysis                  

                                8.1.5 Legal issues                             

                                8.1.6 Recent Developments                       

                                8.1.7 SWOT analysis                       

                                8.1.8 Analyst View                          

                8.2 Tecan group                                               

                8.3 Taylor- Wharton                                       

                8.4 Panasonic biomedical                                             

                8.5 Teva pharmaceuticals                                            

                8.6 Biolife solutions                                        

                8.7 Custom biogenic systems                                     

                8.8 Princeton cryotech                                  

                8.9 Fluidx                                            

                8.10 Tissue solutions                                      

                8.11 Wildcat laboratory solutions                                             

                8.12 Micronik                                    

9. Competitive Landscape                                                           

                9.1 Market share analysis                                            

                9.2 Merger and Acquisition Analysis                                       

                9.3 Agreements, collaborations and Joint Ventures                                         

                9.4 New Product Launches                                         

10. Expert Opinions                                                        

                10.1 Market Outlook                                     

                10.2 Investment Opportunities                                 

Appendix                                                           

                a) List of Tables                                

                b) List of Figures                                              

  1. North America Biobanks Market, By Region, From 2022 - 2027 (USD Million)
  2. North America Biobanks Market, By Product Type, From 2022 - 2027 (USD Million)
  3. North America Equipment's Market, By Region, From 2022 - 2027 (USD Million)
  4. North America Equipment's Market, By Equipment Type, From 2022 - 2027 (USD Million)
  5. North America Temperature control systems Market, By Region, From 2022 - 2027 (USD Million)
  6. North America Incubators Market, By Region, From 2022 - 2027 (USD Million)
  7. North America Centrifuges Market, By Region, From 2022 - 2027 (USD Million)
  8. North America Alarm and Monitoring Systems Market, By Region, From 2022 - 2027 (USD Million)
  9. North America Accessories Market, By Region, From 2022 - 2027 (USD Million)
  10. North America Other Equipment's Market, By Region, From 2022 - 2027 (USD Million)
  11. North America Consumables Market, By Region, From 2022 - 2027 (USD Million)
  12. North America Biobanks Market, By Sample Type, From 2022 - 2027 (USD Million)
  13. North America Human Tissues Market, By Region, From 2022 - 2027 (USD Million)
  14. North America Stem Cells Market, By Region, From 2022 - 2027 (USD Million)
  15. North America DNA or RNA Market, By Region, From 2022 - 2027 (USD Million)
  16. North America Bio-fluids Market, By Region, From 2022 - 2027 (USD Million)
  17. North America Other Sample Type Market, By Region, From 2022 - 2027 (USD Million)
  18. North America Biobanks Market, By Application, From 2022 - 2027 (USD Million)
  19. North America Therapeutic Applications Market, By Region, From 2022 - 2027 (USD Million)
  20. North America Research Applications Market, By Region, From 2022 - 2027 (USD Million)
  21. North America Clinical Trials Market, By Region, From 2022 - 2027 (USD Million)
  22. United States Biobanks Market, By Product Type, From 2022 - 2027 (USD Million)
  23. United States Equipment's Market, By Equipment Type, From 2022 - 2027 (USD Million)
  24. United States Biobanks Market, By Sample Type, From 2022 - 2027 (USD Million)
  25. United States Biobanks Market, By Application, From 2022 - 2027 (USD Million)
  26. Canada Biobanks Market, By Product Type, From 2022 - 2027 (USD Million)
  27. Canada Equipment's Market, By Equipment Type, From 2022 - 2027 (USD Million)
  28. Canada Biobanks Market, By Sample Type, From 2022 - 2027 (USD Million)
  29. Canada Biobanks Market, By Application, From 2022 - 2027 (USD Million)

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