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The biobanking market size is forecast to increase by USD 1.67 billion at a CAGR of 9.04% between 2023 and 2028. The market is experiencing robust growth due to several key factors. The increasing demand for personalized medicine is a major driver, as biobanks provide the necessary infrastructure for storing and managing large volumes of biological samples and associated data. This enables researchers to develop more effective treatments and therapies tailored to individual patients. Another significant factor is the increase in efficiency through automation and digitalization, which reduces research costs and improves accuracy and consistency. This trend is being fueled by advancements in technology, including robotics, artificial intelligence, and the Internet of Things. Furthermore, changing consumer preferences towards more personalized and preventative healthcare are driving demand for biobanking services. Companies in this market are responding by prioritizing sustainability, operational efficiency, and adherence to industry standards to maintain a competitive edge. As the market continues to evolve, it will be shaped by these trends, ensuring long-term growth and expansion.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Type
7 Market Segmentation by Product
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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