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Global Biobanks market is expected to reach USD 300.91 Million at a CAGR of 7.6%.

(EuropeNewsWire.Net, August 08, 2018 ) Biobanks market was valued at USD 208.63 Million. By the year 2023, it is predicted to reach USD 300.91 Billion with pace of 7.6 % CAGR. Biobanks are basically the preservation facilities for biological samples especially human samples which can be used for the purpose of treatments and researches. Biological samples include saliva, blood, purified DNA and plasma. Biobankers gave an opportunity to researchers to study large number of studies without any preservation complexity.

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Increasing focus on personalized medicine and inefficient productivity are the factors that drive this market forward.

Factors affecting market growth:

Sophisticated new drug approval policies. (+)
Increasing concentration on personalized medicine. (+)
Poor productivity in pharmaceutical industries. (+)
Decrement manufacturing costs and time with preservation solutions. (+)
Storage and handling issues. (-)
Regulatory complications competition in the market. (-)
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North America holds the major share ofGlobal Biobanks market.

Market Segmentation

The Global biobanks Market is geographically segmented into

North America.
Asia Pacific.
Latin America.
Middle East and Africa.
North America holds the major share of the Global Biobanks market. United States is the major contributor to the market in this region. Europe region is trailing right behind the North America region in terms of market share. Asia Pacific region is estimated to witness faster growth with rapid pace of CAGR in forecasted period due to rising population and expenditure on health care by governments of countries in the region.

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Key players:

Key players competing actively in the Global Biobanks Industry include Brooks’s life science systems, Micronik, Wildcat laboratory solutions, Tissue solutions, Tissue solutions, FluidX, Princeton cyro-tech, Custom biogenic system, Biolife Solutions, Teva Pharmaceuticals, Panasonic biomedical, Taylor-Wharton, tecan group, and Beckman Coulter.

Market Data Forecast.

Abhishek Shukla


Source: EmailWire.Com
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