North America Biobanks Market 2021-2025 includes an elaborative summary of the market that provides in-depth knowledge of various segments of the market. The report focuses on the emerging trends in North America and regional spaces on all the significant components, such as market capacity, demand and supply, production, profit, and competitive landscape. The research evaluates the North America Biobanks market size, growth scenario, potential opportunities, trend analysis, and competitive analysis of the market. Also, the report presents the impact of the Covid-19 pandemic on the Biobanks market comparing it with the working of the market before covid-19 and suggestions related to growth Post-Covid-19.
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Market Overview: –
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. 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.
Competitive Landscape: –
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.
Key Market Trends: –
Alarm Monitoring Systems Segment is Expected to Show Better Growth in the Forecast Years
Based on Equipment, the market is segmented into the cryogenic storage system, alarm monitoring systems, and other equipment. Stem cell banking is considered 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.
Significant Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Biobanks Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application, etc.
– Historical, Current, and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of Biobanks Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
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