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Biobanking Market Rising at 8.84% CAGR To 2021
The Biobanking Market Research Report is a professional and in-depth study on the current state also focuses on the major drivers and restraints for the key players.
Marketsizeforecasters.com adds new global Biobanking market: report that lists top active companies as Beckman Coulter, BioCision, Taylor-Wharton, Tecan Group, Thermo Fisher Scientific, and VWR.
Research Analysts forecast the global Biobanking market to grow at a CAGR of 8.84% during the period 2017-2021.
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Other Prominent Vendors in the market are: Askion, AstridBio Technologies, Autoscribe Informatics, B&C Group, BioBank, BioCryo, BIOGENIC, BioKryo, BioLife Solutions, Biomatrica, BioreclamationIVT, BioRep, Biorep Technologies, BioStorage Technologies, BioTillion, bluechiip, Brady Worldwide, Brooks Life Science Systems, Cell & Co Bioservices, Cesca Therapeutics, Chart Industries, CloudLIMS, Core Dynamics, Cryo Bio System, Cryogatt, Cryotherm, CryoXtract, CSols, Custom Bio Genic Systems, Dataworks Development, DNA Genotek, Excilone, FluidX, Greiner Bio-One International, HAMILTON storage, Indivumed, labmode, LabVantage Solutions, LGC Genomics, LiCONiC, LVL Technologies, Micronic, Modul-Bio, NorayBio, Ocimum Biosolutions, Panasonic Biomedical Sales Europe BV, Princeton CryoTech, Promega, QIAGEN, RURO, SINTESY, SOL Spa, So-Low Environmental Equipment, Sysmex, TECHNIDATA, Tissue Solutions, Trans-Hit Bio, TRINEAN, Tutela Monitoring Systems, Wildcat Laboratory Solutions, and Ziath.
Commenting on the report, an analyst team said: The latest trend gaining momentum in the market is emergence of stem cells storage in biobanks. The demand for stem cells storage in biobanks is growing phenomenally and is expected to have a positive impact on the market growth during the forecast period. The increasing use of biobanking in stem cell research is likely to improve access to novel therapeutic resources for a wider population. According to researchers, stem cells have the capability to address many unmet medical needs in areas such as cardiology and oncology.
The listed pricing for this Biobanking Market report starts at $ 3500.
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According to the report, one of the major drivers for this market is increase in funding. The increase in government funding worldwide will increase the number of biobanks, and thereby drive market growth during the forecast period. Healthcare organizations are increasing funding to help establish more biobanks and to boost their capabilities.
Further, the report states that one of the major factors hindering the growth of this market is ethical issues. Issues regarding privacy while accessing biological samples remains a major ethical issue with biobanking, where protecting the identity of individuals is a major concern. The first step in the process of protection is the requirement for informed consent.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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