Biobanks are essentially the storage of biological samples, in particular human samples that can be used to the purpose of treatments and investigations. Biological samples include saliva, blood, purified DNA and plasma. Biobanks have allowed researchers to study a large amount of Studies without complexity of conservation.
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Asia Pacific Biobanks Market size was around USD 43.81 Million in 2018. It is expected to grow at a CAGR of 8.56% to reach USD 66.06 Million by 2023.
Drivers and Restraints:
Increasing concentration on personalized medicine, poor productivity in pharmaceutical industries, sophisticated new drug approval policies, decrement manufacturing costs and time with preservation solutions. Restraints of the market are poor productivity rate of the pharmaceutical industry regards approval of new drugs, cost competition and regulatory issues.
The Asia Pacific Biobanks market has geographically segmented into China, India, Japan, South Korea, and Australia. Asia Pacific is expected to emerge as an important contributor to the market over the aforementioned forecast period.
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Major Key Players Involved in Report:
Major companies in the market are Beckman Coulter, Tecan group, Taylor- Wharton, Panasonic biomedical, Teva pharmaceuticals, Biolife solutions, Custom biogenic systems, Princeton cryotech, Fluidx, Tissue solutions, Wildcat laboratory solutions, Micronik and Brooks life science systems.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
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