(PharmaNewsWire.Com, June 01, 2017 ) Market Data Forecast recently published a report on the North America Bio bank Market which estimates the market to grow from USD 54.06 million from 2016 to USD 75.54 million with a high CAGR of 6.92%.
Bio banks play a vital role in the field of biomedical research. The wide range of bio specimens includes samples of saliva, blood, purified DNA, and plasma that can be described as public library of the human organism. Also contributing to the growth of this market are issues such as major financial and scientific investments by millions of citizens who have voluntarily contributed data and bio-specimens to such bio banks. These investments have permitted major progress in the comprehension of particular risk factors for complex diseases.
Based on Application they are separated into Research Applications, Therapeutic Applications and Clinical Trials. The human tissues section is expected to account for the highest market share of approximately 65% during the forecast period. Preference for human tissue specimens is increasing over animal tissue samples due to unavailability of appropriate animal models for some specific neurological and psychiatric disorders.
The DROC Analysis contains some of the factors that have major effects on the market dynamics be it positive or negative. Few factors analysed in the section are Increase in demand of tissue banking, stem cell banking and umbilical cord banking are the reasons for inclination in the North American market for Bio preservation systems due to increase.
The products are segmented based on North America Bio bank Market type, application and end users are studied for a deep-level understanding of the Diagnostic Imaging market. Each sub segment is accompanied with Market Size Estimations and Y-o-Y Forecasts as well.
BY Product Type: • Equipment’s • Temperature control systems • Incubators • Centrifuges • Alarm and Monitoring Systems • Accessories • Other Equipment's • Consumables By sample type: • Human Tissues • Stem Cells • DNA or RNA • Bio-fluids • Other Sample Type By Application: • Therapeutic Applications • Research Applications • Clinical Trials
The North America market has been geographically segmented into segmented into United States and Canada. This market is segmented majorly based on sample type and product type. Sample type includes human tissues, stem cells, DNA or RNA, Bio-fluids and others whereas product type is subdivided into types of equipment’s (Temperature control systems, Incubators, Centrifuges, Alarm and Monitoring Systems, Accessories and Other Equipment) and consumables.
The key players in the bio preservation market are Beckman Coulter, Tecan group, Taylor- Wharton, Panasonic biomedical, Teva pharmaceuticals, Bio life solutions, Custom biogenic systems, Princeton cryotech, Fluidx, Tissue solutions, Wildcat laboratory solutions, Micronik and Brooks life science systems.
Scope of the North America Biobank Market: • Regional and country-level analysis that provides an innate perspective of USA and Canada Market to that of the North American region • To detect major focus areas of industrial growth Segment-level analysis on basis of type, application, end-user along with market size forecasts and y-o-y estimations are provided • Detailed explanation of major drivers, restraints, opportunities, and challenges (DROC) that affect the market and impact the ever-shifting market dynamics • PESTLE and Porter’s Five Forces Analyses that examine the macro & micro environmental factors such as political influence, technological prowess, industry rivalry to name a few. • An extensive listing of major market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment • mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies all rolled out into Competitive landscape • Expertly devised Market Outlook comprising the Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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