Biobanking Equipment Market to Significantly Increase Coming Decade 2022 by Fact.MR Study
Verfasser: ashwani_kailiya on Monday, 30 September 2019Fact.MR, in its new research, estimates an impressive growth for the global biobanking equipment market over the forecast period 2017 to 2022. Revenues from the global biobanking equipment market are expected to exceed US$ 2,000 Mn by 2022-end.
A major trend observed in the market is conserving a newborn’s cord blood stem cells. The rise in demand for personalized medicine has been impacting the market growth over the past few years. This is mainly because of high unmet medical needs for development of effective therapies. Individuals around the world are banking their stem cells and tissues for future treatments, with increasing importance of requirement for annotated pathological & clinical data for developing personalized medicines. A number of research organizations are increasingly exploring methods to develop personalized treatments using biological samples. An example of this is signing of deals associated with biobanking, between Illumina, and the University of Colorado, Partners HealthCare, the Montreal Heart Institute, and the Vanderbilt University. These partnerships will collectively focus on improving healthcare and development of personalized medicines. These factors are expected to drive growth of the market during the forecast period.
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