North America Biobanking Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 8.50 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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North America Biobanking Market Analysis
Stem cell practices are on the rise and are contributing to the development of new solutions for various diseases. Several advancements have been made in regenerative medicine through stem cell technology over the past decade. Thus, it has become one of the vital treatment methods for diseases, such as Alzheimer's, diabetes, cancer, and rare genetic diseases. In order to benefit from the existing therapies, umbilical cord cells and other stem cells are preserved in Biobanks. According to the Hastings Center, a non-profit organization, 300 million bio-specimen have been stored in the United States in various public and private biobanks. With the increase in awareness about stem cell therapies, there have been a larger number of parents, who choose umbilical cord banks for their children. Biobanks not only aid in the therapies for genetic diseases, but also in medical research on rare genetic disorders. However, other factors such as rising burden of chronic diseases and increasing healthcare expenditure are also expected to drive the market in the forecast period
North America Biobanking Market Trends
This section covers the major market trends shaping the North America Biobanks Market according to our research experts:
Alarm Monitoring Systems Segment is Expected to Show Better Growth in the Forecast Years
Based on Equipment, the market is segmented into cryogenic storage system, alarm monitoring systems and other equipment. Stem cell banking is considered as one of the most promising and emerging fields. The cryogenic storage systems, freezers, refrigerators, and all other storage devices in a biobank require continuous monitoring of various processes. This is effectively done only with an alarm monitoring system. Alarms are used at various stages, from filling to continuous monitoring of temperature. Hence, with advancements in technology and the rising adoption of automated storage systems, there is high demand for automated alarm monitoring devices, which is expected to fuel the market growth.
North America Biobanking Industry Overview
The market is competitive and with the entrance of key players, the market is expected to grow due to increased competition among the existing players. For instance, Atlanta Biologicals Inc. (Bio-Techne Corporation), Becton, Dickinson and Company, BioLifeSolutions Inc., Chart Industries Inc., Hamilton Company, Qiagen N.V, Sigma-Aldrich Inc. (Merck KGaA), Stemcell Technologies Inc., Thermo Fisher Scientific and VWR International LLC are some of the companies that are operating in the biobank business on an international level with considerable presence in North America region.
North America Biobanking Market Leaders
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BioLifeSolutions Inc.
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Hamilton Company
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Sigma-Aldrich Inc. (Merck KGaA)
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Thermo Fisher Scientific Inc.
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VWR International LLC
*Disclaimer: Major Players sorted in no particular order
North America Biobanking Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Study Assumptions
- 1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Rising Burden of Chronic Diseases
- 4.2.2 Advancements in Stem Cell and Regenerative Medicine Research
- 4.2.3 Increasing Healthcare Expenditure
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4.3 Market Restraints
- 4.3.1 Regulatory Issues
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4.4 Porter's Five Forces Analysis
- 4.4.1 Threat of New Entrants
- 4.4.2 Bargaining Power of Buyers/Consumers
- 4.4.3 Bargaining Power of Suppliers
- 4.4.4 Threat of Substitute Products
- 4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
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5.1 Equipment
- 5.1.1 Cryogenic Storage Systems
- 5.1.1.1 Refrigerators
- 5.1.1.2 Ice Machines
- 5.1.1.3 Freezers
- 5.1.2 Alarm Monitoring Systems
- 5.1.3 Other Equipment
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5.2 Media
- 5.2.1 Optimized Media
- 5.2.2 Non-optimized Media
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5.3 Services
- 5.3.1 Human Tissue Biobanking
- 5.3.2 Stem Cell Biobanking
- 5.3.3 Cord Banking
- 5.3.4 DNA/RNA Biobanking
- 5.3.5 Other Services
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5.4 By Application
- 5.4.1 Regenerative Medicine
- 5.4.2 Drug Discovery
- 5.4.3 Disease Research
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5.5 Geography
- 5.5.1 North America
- 5.5.1.1 United States
- 5.5.1.2 Canada
- 5.5.1.3 Mexico
6. COMPETITIVE LANDSCAPE
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6.1 Company Profiles
- 6.1.1 Atlanta Biologicals Inc. (Bio-Techne Corporation)
- 6.1.2 Becton, Dickinson and Company
- 6.1.3 BioLifeSolutions Inc.
- 6.1.4 Chart Industries Inc.
- 6.1.5 Hamilton Company
- 6.1.6 Qiagen NV
- 6.1.7 Sigma-Aldrich Inc. (Merck KGaA)
- 6.1.8 STEMCELL Technologies Inc.
- 6.1.9 Thermo Fisher Scientific Inc.
- 6.1.10 VWR International LLC
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject To AvailablityNorth America Biobanking Industry Segmentation
Biobanks are the bio-repository, wherein various biomaterials (usually human specimens) are stored for research purposes.
| Equipment | Cryogenic Storage Systems | Refrigerators |
| Ice Machines | ||
| Freezers | ||
| Equipment | Alarm Monitoring Systems | |
| Other Equipment | ||
| Media | Optimized Media | |
| Non-optimized Media | ||
| Services | Human Tissue Biobanking | |
| Stem Cell Biobanking | ||
| Cord Banking | ||
| DNA/RNA Biobanking | ||
| Other Services | ||
| By Application | Regenerative Medicine | |
| Drug Discovery | ||
| Disease Research | ||
| Geography | North America | United States |
| Canada | ||
| Mexico |
North America Biobanking Market Research FAQs
What is the current North America Biobanks Market size?
The North America Biobanks Market is projected to register a CAGR of 8.5% during the forecast period (2024-2029)
Who are the key players in North America Biobanks Market?
BioLifeSolutions Inc., Hamilton Company, Sigma-Aldrich Inc. (Merck KGaA), Thermo Fisher Scientific Inc. and VWR International LLC are the major companies operating in the North America Biobanks Market.
What years does this North America Biobanks Market cover?
The report covers the North America Biobanks Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Biobanks Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Biobank Industry Report
Statistics for the 2024 North America Biobank market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. North America Biobank analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
