Biobanking Equipment Market
A biobank is a collection of biological samples (such as blood) and health information. Biobanks can be large and hold thousands of samples, or they may be small and hold only a few hundred samples. Different biobanks collect different types of samples and information. The types of information and samples collected depend on the specific purpose of the biobank. For example, some biobanks are specific to a particular disease, such as cancer. Other biobanks are population based and contain samples and information from people in a specific population or region. There are different organization which creates biobanks which includes hospitals, research centers, universities, organizations that study specific diseases
Market Dynamics:
Increasing prevalence of chronic and rare disease globally is expected to propel the market growth over the forecast period. Moreover, increasing research and development (R&D) activities by the key market players to develop novel treatment for orphan diseases will aid in the market growth over the forecast period. According to the National Institutes of Health (NIH) in 2019, there are approximately 7,000 rare diseases affecting between 25 and 30 million Americans. This equates to 1 in every 10 Americans, or one on every elevator and four on every bus.
Detailed Segmentation:
Biobanking Equipment Market Segmentation:
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