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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Europe Biobanking Market Size
The global biobanking market was valued at USD 72.1 billion in 2023, with Europe holding a significant market share. The market is driven by increasing investment in biomedical research. It is expected to grow at a CAGR of 6.89% during the forecast period of 2024-2032, with the values likely to attain USD 131.1 billion by 2032.
Europe Biobanking Market Report Snapshots
Europe Biobanking Market Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
Europe biobanking market is expected to be driven by the rising demand for the global market, which is anticipated to grow at a CAGR of 6.89% during the forecast period of 2024-2032 and is likely to reach a market value of USD 131.1 billion by 2032.
The growing prevalence of chronic diseases and the increasing investment in biomedical research are fuelling the demand for the market.
One of the significant trends in the market is the rise in workflow automation in biobanking procedures to increase throughout as well as enable sample tracking and error reduction. For instance, in February 2023, German researchers employed a robotic system to automate the isolation of peripheral blood mononuclear cells (PBMC) for biobanking samples.
Based on the products and services, the market is segmented into equipment, consumables, services, and software.
By sample type, the market is divided into blood tissue, nucleic acids, and cell lines.
End users of the market are academic institutions, along with pharma, and biotech companies.
Major applications include regenerative medicine, life science research, and clinical research.
The market segmentation by countries includes the United Kingdom, Germany, France, and Italy.
The key players in the market are QIAGEN N.V., Merck KGaA, Tecan Trading AG, Greiner Holding AG, Micronic, BioKryo, SPT Labtech, ASKION GmbH, Cell&Co BioServices, and CTIBiotech.
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