According to the report "Biobanks Market", published by Market Data Forecast, the global market is projected to reach USD 259.91 Million by 2021, at a CAGR of 7.6% from 2016 to 2021.

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Biobanks is a collection or sortation of blood and cell samples from a large number of people. Biobank collection denotes its use in medical field and research. These bio-repositories play an integral role in the research and development activities associated with drug discovery and development. Biobanks also provide inevitable assistance in gaining prospective on orphan diseases especially the ones associated with single-nucleotide polymorphisms, via genome wide association studies.

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The population based biobanks market is expected to grow at a relatively higher growth rate during the forecast period on account of rising patient awareness levels pertaining to stem cell treatments and bio-preservation. A contract testing laboratory can take approximately three days for sampling and providing results, whereas in-house testing can reduce that time to 30 minutes and ultimately reducing the cost per sample.

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1) By Product Type:
• Equipment’s
a) Temperature Control Systems
b) Incubators
c) Centrifuges
d) Alarm and Monitoring Systems
e) Accessories
f) Other Equipment’s
• Consumables

2) By Sample Type:
• Human Tissues
• Stem Cells
• DNA or RNA
• Bio-fluids
• Other Sample Types

3) By Application:
• Therapeutic Applications
• Research Applications
• Clinical Trials

4) By Geography:
• North America
• Europe
• Asia-Pacific
• Latin America
• Middle-East and Africa

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The key players in the bio preservation 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.

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