The biobank equipment market was valued at USD 144.9 million in 2014 and is expected to become a USD 194.93 million market by 2019. During this period, the market is expected to show a CAGR of 6.23%.
Global Market for Biobank Equipment- Market Dynamics
The report lists several driving and restraining factors for the global biobank equipment market. Some of them are listed below.
The vision of personalized medicine
Poor productivity rate of the pharmaceutical industry with respect to the new drug approvals
Need to contain the ever-increasing healthcare costs
Research and development processes from early discovery through clinical trials
Advances in regenerative medicine, drug discovery and biobanking techniques
Privacy, confidentiality and surveillance issues
Access policies and procedures
Regulation-based issues with biobanking procedures
Fear of privatization
Lack of proper governance
Cost competitive procedures
Currently, regulatory systems are not favorable and this does not facilitate cutting edge research across borders in the most efficient and economical manner.
The biobank equipment market was segmented on the basis of equipment used, and geography. The major equipment and types used in the biobank sector are Refrigerators, Freezers, Ice machines, Cryogenic storage systems, Alarm monitoring systems and LN2 Supply Tanks.
From the geographical point of view, the US has the largest market share, followed by the European market. Recent developments in this market have contributed to the growth of the emerging markets. They are expected to show stiff competition to the developed economies.
Some of the key players in the market are:
Biopreservation Media Manufacturers
Bioniche Pharma USA LLC
Cell & Tissue Systems LLC
What the Report Offers
Market analysis for the biobank equipment market, with region-specific assessments and competition analysis on the global and regional scale.
Market definition along with the identification of key drivers and restraints.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence this market on a global and regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their market share.
Identification and analysis of the macro and micro factors that affect the biobank equipment market on both global and regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
A wide-ranging knowledge and insights about the major players in this industry and the key strategies adopted by them to sustain and grow in the studied market.
Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped.
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