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Global Biobanking market, Size, Share, Market Intelligence, Company Profiles, Market Trends, Strategy, Analysis, and Forecast 2018-2023<br><br>Global Biobanking market is expected to grow at a CAGR of 7.2% during 2018-2023. A biobank is a biorepository that is used to store biological samples of human to be used in research. Most of the bio-banked samples are used by research groups for the development of new tests and effective treatment of cancer.
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Orion Market Research GLOBAL BIO-BANKING MARKET RESEARCH AND FORECAST 2018-2023 Global biobanking market, size, share, market intelligence, company profiles, market trends, strategy, analysis, and forecast 2018-2023
DEFINITION Bio-bank refers to a bio-repository that collects, processes, stores and distributes biospecimens and concerned data for clinical care and research purpose.
MARKET MOTIVATORS • Cohesive government policies • High incidence and prevalence of chronic diseases • Development in genomics research • Rising demand for cost efficient drug discovery • Advancement in biobanking
MARKET RESTRAINTS • Regulatory framework • High cost of automation in biobanking • Issues regarding biospecimen sample procurement
MARKET OPPORTUNITIES • Rising hereditary disorder • Increasing r&d of cell therapies • Growing government funding in biomedical and biotechnology industries • Increasing public/private partnership
MARKET SEGMENTATION BY SAMPLE TYPE • Blood products • Human tissues • Nucleic acid • Biological fluid • Human waste product
MARKET PLAYERS • Astrazeneca pharma ltd. • Pfizer inc. • Takeda pharmaceuticals ltd. • Teva pharmaceutical industries ltd. • Novartis ag To Be Continued……
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