The global Biobanking
Equipment Market By Product Type (Equipment, Media, Consumables, and
Others), By Sample Type (Human Tissue and Tumor Cells, Bio-Fluids, Stem Cells,
Umbilical Cord, and DNA/RNA), By End User (Hospitals, Research Organization,
Cell and Tissue Banks, Blood Banks, and DNA Banks) and By Region (North
America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is
estimated at US$ 1,778.3 million in 2017, and is projected to exhibit a CAGR of
7.5% over the forecast period (2017 – 2026).
Biobank potentially hold key to
the future of breakthroughs in scientific research, drug discovery, and
clinical and translational medicine. Biobanking is an important tool in
understanding the pathophysiology of various illness. Genetic studies based on
biobanking are increasing, as researchers recognize the need for large amounts
of samples to identify the genetic basis of susceptibility to common complex
diseases. Large scale population biobanking projects link genetic data with
information on health status, lifestyle, and environmental factors. The
government is focusing on building biobank due its increased demand and
application. For instance, in February 2018, the Thailand Centre of Excellence
for Life Sciences (TCELS), Thailand Research Fund (TRF), and Ramathibodi
Hospital’s Centre for Medical Genomics collaborated with Shenzen-based BGI
Genomics, one of the world’s genome sequencing centers, to collect the entire
genome sequence for Thais. The five-year pilot project will collect the whole
19,000 genome sequencing of 10,000 Thai volunteers. The results of the pilot
project would then form the initial data as a national ‘bio-bank’ for Thais.
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Browse 27 Market Data Tables and
34 Figures spread through 174 Pages and in-depth TOC on “Biobanking Equipment Market,
By Product Type (Equipment, Media, Consumables, and Others), By Sample Type
(Human Tissue and Tumor Cells, Bio-Fluids, Stem Cells, Umbilical Cord, and
DNA/RNA), By End User (Hospitals, Research Organization, Cell and Tissue Banks,
Blood Banks, and DNA Banks) and By Region (North America, Latin America,
Europe, Asia Pacific, Middle East, and Africa) - Global Forecast to 2026”
Manufacturers in the biobanking
equipment industry are focused on innovating the product for safe sample
storage. For instance, in September 2017, Micronic launched a new screw cap
recappers to the company’s sample handling equipment line. In December 2017,
the company launched high volume storage tube to optimize the sample
traceability during clinical research. Furthermore, in October 2017, the
Panasonic Biomedical Sales Europe B.V. introduced a new VIP ECO Ultra low
temperature upright freezer for storing the sample. Furthermore, extensive
development of personalized treatments by research organizations to develop
effective therapies using biological samples is expected to propel the demand
for biobank market during the forecast period. For instance, in 2016, Illumina
signed 4 biobank deals, with Partners HealthCare, Montreal Heart Institute,
University of Colorado, and Vanderbilt University with an objective to improve
healthcare and develop personalized medicines.
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Report: https://www.coherentmarketinsights.com/market-insight/biobanking-equipment-market-2365
Key takeaways of the Biobanking Equipment Market:
The global biobanking equipment market growth is expected to
exhibit a CAGR of 7.5% over the forecast period (2017–2026), owing to
increasing adoption of precision medicine. For instance, in November 2018, the
FDA approved an advanced precision medicine larotrectinib, a drug for a wide
range of cancers based on a shared mutation rather than the tumors' locations.
Key players operating in the biobanking equipment Market
include Thermo Fisher Scientific Inc., BioLife Solutions, Inc., Beckman
Coulter, Inc., Panasonic Biomedical Sales, BioCision, Taylor-Wharton
International, VWR International and So-Low Environmental Equipment Co. and
Tecan AG.
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