Biobanking Equipment Market Trends, Drivers, Restraints, And Opportunities 2021-2027

Biobanking may be a sort of biorepository that stores biological samples for research purposes. Over the years biobanks became a key resource in medical research and have supported contemporary research activities like personalized medicine and genomics. Generally, biobanks offers access to researchers to data representing a huge pool of population, which also has sparked questions on research ethics and privacy. Mostly, biobanks are utilized in human genetics research.

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Growing prevalence of chronic diseases is predicted to drive growth of the worldwide biobanking equipment market. consistent with the Centers for Disease Control and Prevention (CDC), in the U.S., in 2020, around 108 million people have hypertension, which is defined as systolic vital sign . consistent with the planet Health Organization (WHO), in 2016, around 251 million cases of COPD were diagnosed across the world , while around 3.17 million deaths were caused thanks to COPD in 2015. consistent with the CF Foundation (CFF), over 1,000 new cases of CF are diagnosed annually within the U.S. Growing prevalence of such chronic diseases has increased the demand for biobanking equipment significantly. the first airway cell biobank (PACB) has been collecting biobanking samples since 2009 and provides primary airway epithelial cells from normal donors. Thus, these factors are expected to drive growth of the worldwide biobanking equipment market. Furthermore, technological advancements in somatic cell and regenerative medicine are expected to propel the worldwide biobanking equipment market growth within the near future.

However, a stringent regulatory framework imposed by governing authorities is predicted to hamper the worldwide biobanking equipment market growth within the near future. Among regions, North America is predicted to witness significant growth within the global biobanking equipment market. this is often due to the presence of strong healthcare infrastructure within the region. Furthermore, Europe is predicted to register a strong rate of growth , due to growing emphasis on research and development activities for treatment and diagnosis.

Key companies involved within the global biobanking equipment market are Becton, Dickinson and Company, Thermo Fisher Scientific Inc., Bio-Techne Corporation, Stemcell Technologies Inc., Brooks Automation, Stemcell Technologies Inc., Hamilton Company, QIAGEN N.V., Merck KGaA, and Lonza Group.

For instance, in August 2020, Brooks Life Sciences, a subsidiary of Brooks Automation, launched BioStore IIIv, an automatic next-generation alternative to manual -80°C mechanical freezers.

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