MarketResearchReport2021

Biobanking Market The biobanking market size was valued 72.41 Billion in 2023 and is expected to reach USD 92.69 billion by 2030 at 4.2% CAGR during the forecast period 2023-2030. Market Drivers and Key Restraints The global biobanking market is undergoing massive evolution in the form of technological innovations in genetic tools, which help elevate the demand for high-quality biospecimens used for enhancing cancer research. Citing a reference, Northwell Health had partnered with Indivumed in January 2017 for creating a cancer research biobank. In addition, the current developments in information technology as well as automation solutions have enhanced the efficiency of the biobanking services. For instance, with the launch of fully automated programmed freezers as well as refrigerators, the temperature monitoring in biobanks has become far more efficient than before. Additionally, technological developments in biotechnology workflows have led to a growth in the applicatio

Biobanking Market The biobanking market size was valued 72.41 Billion in 2023 and is expected to reach USD 92.69 billion by 2030 at 4.2% CAGR during the forecast period 2023-2030. Market Drivers and Key Restraints The global biobanking market is undergoing massive evolution in the form of technological innovations in genetic tools, which help elevate the demand for high-quality biospecimens used for enhancing cancer research. Citing a reference, Northwell Health had partnered with Indivumed in January 2017 for creating a cancer research biobank. In addition, the current developments in information technology as well as automation solutions have enhanced the efficiency of the biobanking services. For instance, with the launch of fully automated programmed freezers as well as refrigerators, the temperature monitoring in biobanks has become far more efficient than before. Additionally, technological developments in biotechnology workflows have led to a growth in the applicat