Market Overview:
The global cryogenic biobanking services market is expected to grow at a CAGR of 7.5% from 2018 to 2030. The growth of the market can be attributed to the increasing demand for cryogenic biobanking services in the regenerative medicine and drug discovery applications. In addition, the growing awareness about the benefits of cryogenic biobanking is also contributing to the growth of this market. However, high installation and maintenance costs are restraining the growth of this market. On basis on type, ice machines segment is expected to hold largest share in global cryogenic biobanking services market during forecast period owing to its low installation and maintenance cost as compared other types such as freezers, refrigerators etc.
Product Definition:
Cryogenic biobanking services involve the collection, processing, and cryopreservation of biological specimens for long-term storage. These services are important for researchers because they allow them to store biological samples for future use. This can be especially useful in cases where a particular sample is rare or difficult to obtain.
Ice Machines:
An ice machine is a device used to cool the temperature of an aquatic environment. It works by reducing the heat generated in a water-based system. The reduction in temperature allows the easy collection of samples and also helps preserve specimens for future study purposes, thus increasing its usage rate in cryogenic biobanking services market.
Cryogenic banking is one such service where blood or tissue samples are collected from patients.
Freezers:
Freezers are used to store biological samples at extremely low temperatures. The freezer is an important part of cryogenic biobanking services as it helps in maintaining the quality and quantity of the stored sample. It also helps in protecting the sample from any type of contamination that may take place due to lack of hygiene and precaution.
Application Insights:
Regenerative medicine segment dominated the market in 2017 and is expected to continue its dominance over the forecast period. The rising number of stem cell research activities has generated a large amount of biobanks data across various countries. This, in turn, is providing ample opportunities for cryogenic biobanking services providers to tap into new markets.
Drug discovery and development segment are also anticipated to witness considerable growth during the forecast period owing to increasing R&D activities pertaining to novel drug molecules for several diseases including cancer & genetic disorders, infectious diseases & immunological disorders, cardiovascular disease & stroke prevention drugs among others. Moreover, presence of key pharmaceutical companies such as Pfizer Inc., Johnson & Johnson that have their own state-of-the-art biohazard facilities are further augmenting market growth across regions.
Regional Analysis:
North America dominated the global market in 2017. The presence of a large number of CROs and biotechnology companies engaged in drug discovery and development is one of the major factors contributing to regional growth. Moreover, increasing investments by these organizations for cryogenic biobanking services are expected to drive demand over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to increasing government funding for stem cell research, which can be used for regenerative medicine applications.
Europe also held a significant share in terms of revenue generation due high investment by governments across various countries including Germany and U.K.
Growth Factors:
- Increasing demand for cryogenic biobanking services due to technological advancements in the field of life sciences and biotechnology.
- Growing prevalence of chronic diseases such as cancer, diabetes, and heart diseases that require cryogenic biobanking for diagnosis and treatment.
- Rising number of public and private sector initiatives to promote cryogenic biobanking research and development activities worldwide.
- Proliferation of genomics-based personalized medicine that requires large-scale collection, storage, and analysis of human genetic data sets which can be achieved through utilization of cryogenic biobanking services.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cryogenic Biobanking Services Market Research Report
By Type
Ice Machines, Freezers, Alarms And Monitoring System, Refrigerators, Cryogenic Storage Systems, Accessories
By Application
Biobaking, Regenerative Medicine, Drug Discovery
By Companies
Coriell Institute For Medical Research, BioServe Biotechnologies, Sigma-Aldrich, Preservation Solution, Thermogenesis, Custom Biogenic Systems, Stemgent
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
203
Number of Tables & Figures
143
Customization Available
Yes, the report can be customized as per your need.
Global Cryogenic Biobanking Services Market Report Segments:
The global Cryogenic Biobanking Services market is segmented on the basis of:
Types
Ice Machines, Freezers, Alarms And Monitoring System, Refrigerators, Cryogenic Storage Systems, Accessories
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Biobaking, Regenerative Medicine, Drug Discovery
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Coriell Institute For Medical Research
- BioServe Biotechnologies
- Sigma-Aldrich
- Preservation Solution
- Thermogenesis
- Custom Biogenic Systems
- Stemgent
Highlights of The Cryogenic Biobanking Services Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Ice Machines
- Freezers
- Alarms And Monitoring System
- Refrigerators
- Cryogenic Storage Systems
- Accessories
- By Application:
- Biobaking
- Regenerative Medicine
- Drug Discovery
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cryogenic Biobanking Services Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cryogenic biobanking services are a type of laboratory service that helps scientists store and study biological samples in extremely cold conditions. This can help researchers to better understand the genetic makeup of organisms, as well as their ability to resist disease or infection.
Some of the major companies in the cryogenic biobanking services market are Coriell Institute For Medical Research, BioServe Biotechnologies, Sigma-Aldrich, Preservation Solution, Thermogenesis, Custom Biogenic Systems, Stemgent.
The cryogenic biobanking services market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryogenic Biobanking Services Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cryogenic Biobanking Services Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cryogenic Biobanking Services Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cryogenic Biobanking Services Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cryogenic Biobanking Services Market Size & Forecast, 2018-2028
4.5.1 Cryogenic Biobanking Services Market Size and Y-o-Y Growth
4.5.2 Cryogenic Biobanking Services Market Absolute $ Opportunity
Chapter 5 Global Cryogenic Biobanking Services Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cryogenic Biobanking Services Market Size Forecast by Type
5.2.1 Ice Machines
5.2.2 Freezers
5.2.3 Alarms And Monitoring System
5.2.4 Refrigerators
5.2.5 Cryogenic Storage Systems
5.2.6 Accessories
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cryogenic Biobanking Services Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cryogenic Biobanking Services Market Size Forecast by Applications
6.2.1 Biobaking
6.2.2 Regenerative Medicine
6.2.3 Drug Discovery
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cryogenic Biobanking Services Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cryogenic Biobanking Services Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cryogenic Biobanking Services Analysis and Forecast
9.1 Introduction
9.2 North America Cryogenic Biobanking Services Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cryogenic Biobanking Services Market Size Forecast by Type
9.6.1 Ice Machines
9.6.2 Freezers
9.6.3 Alarms And Monitoring System
9.6.4 Refrigerators
9.6.5 Cryogenic Storage Systems
9.6.6 Accessories
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cryogenic Biobanking Services Market Size Forecast by Applications
9.10.1 Biobaking
9.10.2 Regenerative Medicine
9.10.3 Drug Discovery
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cryogenic Biobanking Services Analysis and Forecast
10.1 Introduction
10.2 Europe Cryogenic Biobanking Services Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cryogenic Biobanking Services Market Size Forecast by Type
10.6.1 Ice Machines
10.6.2 Freezers
10.6.3 Alarms And Monitoring System
10.6.4 Refrigerators
10.6.5 Cryogenic Storage Systems
10.6.6 Accessories
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cryogenic Biobanking Services Market Size Forecast by Applications
10.10.1 Biobaking
10.10.2 Regenerative Medicine
10.10.3 Drug Discovery
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cryogenic Biobanking Services Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cryogenic Biobanking Services Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cryogenic Biobanking Services Market Size Forecast by Type
11.6.1 Ice Machines
11.6.2 Freezers
11.6.3 Alarms And Monitoring System
11.6.4 Refrigerators
11.6.5 Cryogenic Storage Systems
11.6.6 Accessories
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cryogenic Biobanking Services Market Size Forecast by Applications
11.10.1 Biobaking
11.10.2 Regenerative Medicine
11.10.3 Drug Discovery
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cryogenic Biobanking Services Analysis and Forecast
12.1 Introduction
12.2 Latin America Cryogenic Biobanking Services Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cryogenic Biobanking Services Market Size Forecast by Type
12.6.1 Ice Machines
12.6.2 Freezers
12.6.3 Alarms And Monitoring System
12.6.4 Refrigerators
12.6.5 Cryogenic Storage Systems
12.6.6 Accessories
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cryogenic Biobanking Services Market Size Forecast by Applications
12.10.1 Biobaking
12.10.2 Regenerative Medicine
12.10.3 Drug Discovery
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cryogenic Biobanking Services Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cryogenic Biobanking Services Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cryogenic Biobanking Services Market Size Forecast by Type
13.6.1 Ice Machines
13.6.2 Freezers
13.6.3 Alarms And Monitoring System
13.6.4 Refrigerators
13.6.5 Cryogenic Storage Systems
13.6.6 Accessories
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cryogenic Biobanking Services Market Size Forecast by Applications
13.10.1 Biobaking
13.10.2 Regenerative Medicine
13.10.3 Drug Discovery
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cryogenic Biobanking Services Market: Competitive Dashboard
14.2 Global Cryogenic Biobanking Services Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Coriell Institute For Medical Research
14.3.2 BioServe Biotechnologies
14.3.3 Sigma-Aldrich
14.3.4 Preservation Solution
14.3.5 Thermogenesis
14.3.6 Custom Biogenic Systems
14.3.7 Stemgent
