PUBLISHER: Orion Market Research | PRODUCT CODE: 1858927
PUBLISHER: Orion Market Research | PRODUCT CODE: 1858927
Biobanking Market Size, Share & Trends Analysis Report by Product (Equipment, Consumables, Services, And Software & Informatics) By Sample Type (Blood & Blood Products, Human Tissues, Cell Lines / Primary Cells / Pbmcs / Stem Cells, Nucleic Acids, Biological Fluids, And Microbiome) and by Application (Research & Academic Studies, Drug Discovery & Development, Diagnostics & Biomarker Development, Regenerative Medicine, Precision/Personalized Medicine And Epidemiology, Forensics, And Others) Forecast Period (2025-2035)
Industry Overview
Biobanking market was valued at $8.3 billion in 2024 and is projected to reach $20.1 billion by 2035, growing at a CAGR of 8.4% during the forecast period (2025-2035). The market drivers for biobanking include the expansion of precision and personalized medicine, necessitating extensive and diverse sample libraries for genomic research and targeted therapies. Growth in genomics and multi-omics research highlights the need for high-quality biological samples for large-scale studies. The expanding pipeline for cell and gene therapies calls for viable cell lines, particularly for complex diseases. Integrating advanced technology in biobanks enhances sample management and throughput. Increased government and private funding support the development of biobanking infrastructure. Additionally, a rising incidence of chronic diseases and an increase in clinical trials underline the demand for biospecimens for research and validation.
Market Dynamics
Advancements in Precision Medicine
The rise of precision medicine, which tailors treatment based on individual genetic profiles, has significantly increased the demand for diverse biological samples. Biobanks play a crucial role in supporting this personalized approach by providing high-quality, well-documented specimens essential for developing targeted therapies.
Expansion of Genomic Research
The growing emphasis on genomic research, driven by the need to understand genetic predispositions to diseases, has led to an increased collection and storage of DNA, RNA, and other molecular samples. Biobanks serve as repositories for these samples, facilitating large-scale studies and contributing to advancements in genetic medicine.
Technological Innovations in Biobanking
Technological advancements in cryopreservation, automation, and data management have enhanced the efficiency and scalability of biobanks. The integration of software and informatics solutions allows for better sample tracking, data analysis, and compliance with regulatory standards, thereby supporting the growth of the biobanking sector.
Market Segmentation
Blood & Blood Products Largest Segment in the Global Biobanking Market
Among the various segments, blood and blood products constitute the largest share in the biobanking market. This segment's dominance is attributed to the critical role blood samples play in diagnostics, disease monitoring, and therapeutic development. The high demand for blood-derived specimens in research and clinical applications underscores their importance in the biobanking ecosystem.
The global biobanking market is further divided by region, including North America (the US and Canada), Europe (the UK, Germany, France, Italy, Spain, Russia, and the Rest of Europe), Asia-Pacific (India, China, Japan, South Korea, Australia and New Zealand, ASEAN Countries, and the Rest of Asia-Pacific), and the Rest of the World (the Middle East & Africa, and Latin America).
North America Maintains Strong Market Position
In North America, the US dominates the global biobanking market, holding a major share, driven by its advanced healthcare infrastructure, extensive research and development (R&D) ecosystem, and strong government and private sector investments in precision medicine and biotechnology. The country's leadership in genomics, personalized medicine, and regenerative therapies has fueled the growth of biobanking facilities, which support large-scale sample collection, storage, and data management for clinical research and drug discovery. The presence of numerous biobanks, such as the NIH Biobank and large biorepositories maintained by academic institutions and pharmaceutical companies, strengthens the US position in the global market.
Moreover, robust funding initiatives from agencies like the National Institutes of Health (NIH) and collaborations between research organizations and biotech firms have accelerated advancements in biobank automation, data analytics, and sample traceability. The growing demand for high-quality biological samples for oncology, cardiovascular, and rare disease research further propels market expansion.
Additionally, the US benefits from favorable regulatory frameworks and technological innovations in cryopreservation, biobanking informatics, and AI-driven data management systems. With an increasing focus on population-based biobanks, such as the All of Us Research Program, and strong partnerships between healthcare providers, research institutions, and diagnostics companies, the US continues to maintain its dominant position, accounting for the largest share of the global biobanking market.
The major companies operating in the global biobanking market include Avantor Inc., Hamilton Co., Merck KGaA, QIAGEN, Thermo Fisher Scientific Inc., among others. Market players are leveraging partnerships, collaborations, mergers, and acquisition strategies for business expansion and innovative product development to maintain their market positioning.
Recent Developments