September 2024
The global biobanking market size was estimated at US$ 80.11 billion in 2023 and is projected to grow to US$ 208.81 billion by 2034, rising at a compound annual growth rate (CAGR) of 9.1% from 2024 to 2034. Growing research and development on human cells, especially stem cells, is driving the market’s growth.
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A collection of human biological samples and related data that has been methodically arranged for research purposes is known as a biobank. In response to the shifting requirements of researchers and projects utilizing specimen banking, as well as to external regulatory and associated demands, the area of biorepository and biospecimen science has developed. This shifting environment can be partially ascribed to the increased accuracy of the related scientific domains as well as to new sciences like proteomics, genomics, and customized medicine.
By combining artificial intelligence (AI) with digital pathology, pathology diagnostics that rely on innovative tiny devices may operate more quickly, accurately, and remotely. This facilitates interdisciplinary consultations and supports clinical trials. By identifying novel biomarkers, creating diagnostic plans, and assisting in the choice of targeted treatments, AI deployment in biobanks can ultimately result in more cost-effective and environmentally friendly medical care.
For instance,
| Company Name | EIT Health |
| Headquarters | Munich, Germany, Europe |
| Recent Development | In May 2024, EIT Health introduced a new Biobanks and Health Data Portal. The portal's goal is to promote increased cooperation and use of biobanks—valuable collections of biological samples and related health information. |
| Company Name | Verisense Health |
| Headquarters | Cambridge, U.S., North America |
| Recent Development | In August 2024, the Verisense Digital Biobank, which contains digital health data from over a million individuals representing both particular illnesses and healthy populations, was launched, according to Verisense Health. At present, the Verisense Digital Biobank comprises information from over 570 research projects conducted by Verisense Health as well as other researchers. As of August 2024, the Verisense Digital Biobank has over a million members; the number of business projects will climb to two million by the end of the year. |
High-quality biomedical research requires a well-managed biobank. Due to recent advancements in molecular biology and genetics methods and technologies, the need for adequately maintained, well-annotated specimens has risen. Over the last twelve years, biobanks have been established on numerous continents in response to this need, and others are now under construction.
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The notion that biobanks are impartial repositories or storage facilities for knowledge seems dubious and supports the breadth of the ethical discussion. The potential ethical problems with biobanking have not received much attention. Research with biobanks raises several special questions with moral ramifications. Multiple researchers and institutions—academic and commercial—may be involved in the sample use process; as a result, everyone involved must adhere to the same ethical guidelines.
Biobanks are remarkable resources for scientific advancement and research. Since their inception, there has been ongoing discussion regarding their primary technological, legal, and moral characteristics. The implementation of common governance and harmonization measures, the need to raise the technical standards for sample collection, conservation, and use, the value of strengthening biobank networks through public-private partnerships, and the sustainability of these infrastructures are all important considerations for the future of biobanks.
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By product, the biobanking equipment segment held the largest share of the biobanking market in 2023. Biobanks employ various equipment, ranging from simple tools like pipettes to sophisticated and costly machinery like cytometers or sequencers. The equipment management procedure ensures that the Biobank will have the tools necessary to perform its operations if designed and executed correctly. By monitoring them appropriately, it is feasible to guarantee that the devices will operate safely, fulfill requirements, and have a longer service life.
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By product, the Laboratory Information Management Systems (LIMS) segment is anticipated to grow at the fastest rate in the biobanking market during the forecast period. A LIMS, or Laboratory Information Administration System, is a software program designed to help laboratories with their automation, data administration, and regulatory needs. As the name implies, a LIMS efficiently maintains laboratory samples and the data that goes along with them, standardizing processes through workflow maintenance and automation, test management, and reporting protocols. A LIMS improves the effectiveness, precision, and dependability of laboratory operations, facilitating better decision-making and results.
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By service, the biobanking & repository segment dominated the biobanking market in 2023. The phrases biobank and biorepository are sometimes used synonymously. They both allude to specialized facilities used to manage and store tissues, blood, DNA, and related information. A biobank or biorepository is almost always maintained by any laboratory that houses a sample storage library. In both situations, these biological sample banks have significant uses in scientific and medical research.
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By biospecimen type, the human tissues segment dominated the biobanking market in 2023. Human tissues are now being utilized in a wide range of scientific research projects, such as studies on diseases and disorders, including cancer, diabetes, heart disease, Alzheimer's disease, and other dementias, as well as treatments for diseases like multiple sclerosis and Parkinson's. Furthermore, the use of human tissue as biosensors to identify chemical or biological danger ants and in microfluidic systems for toxicological testing is widespread.
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By biospecimen type, the stem cells segment is expected to grow at the fastest rate in the biobanking market during the predicted period. Stem cells have a potential future in regenerative medicine and aid in natural healing. Stem cell banking, which involves the long-term preservation of various stem cell platforms, is a key means of maintaining the original characteristics of stem cells for use in patient-specific therapeutic applications. The essential and indivisible modules of stem cell research and clinical translation are facilitated by biobanking activities and yield a return on investment.
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By biobank type, the physical/real biobanks segment held the largest biobanking market share in 2023. Physical biobanks are the places where actual samples are stored and preserved for future use. Such physical banks are equipped with all the necessary equipment, software, kits, and reagents to store the samples properly.
By biobank type, the virtual biobanks segment is estimated to grow at the fastest CAGR in the biobanking market from 2024 to 2033. Virtual biobanks are sizable databases that include high-resolution sample photos and additional descriptive information. Through web portals or specialized software, users may access these virtual biobanks. Samples are kept apart from one another. Access to pre-collected data is possible through virtual biobanks, negating the need for physical sample access. This makes it possible to transmit the sample's data more easily without worrying about contaminating, destroying, or moving the sample.
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By application, the therapeutics segment held the dominant share of the biobanking market in 2023. The quickly developing discipline of biobanking is now essential to advancing preclinical research and assisting with medication development. Biobanks are repositories that hold substantial collections of biological human materials, such as DNA, blood, and tissue samples. Researchers may access a wide range of biosamples from these archives, which they can utilize to better understand disease causes and patient outcomes.
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By end-use, the pharmaceutical & biotechnology companies segment dominated the biobanking market in 2023. These companies are involved in various research and development associated with diseases, therapeutics, the functioning of human cells, and so on. All these activities utilize human cells for conducting various experiments, and hence, these companies utilize biobanks for storing samples.
By region, Europe dominated the biobanking market share by 36.41% in 2023. One major factor driving market expansion is the existence of well-established biobanks in European nations such as the United Kingdom, Germany, Denmark, Norway, and Sweden. According to a Global Engage article, almost 40% of Icelanders have given DNA, which is kept in biobanks. Thus, the biobanking sector has expanded as a result of Europe's increasing sample supply. In recent years, the market has grown due to the increasing expenditures made by pharmaceutical firms in research and development, as well as the growing use of virtual biobanking technologies in Europe.
Transnational research infrastructure projects are becoming an increasingly important component of EU research policy and of European integration in general, even though they existed for a long time before the official integration process that gave rise to the European Union. In recent times, the European Union has formalized scientific collaboration through the Research Infrastructure–European Research Infrastructure Consortium (BBMRI–ERIC), which is an example of institutionalized research collaboration in Europe. European integration and research are anticipated to benefit from BBMRI–ERIC, a network of biobanks across Europe.
| Company Name | BBMRI-ERIC |
| Headquarters | Graz, Austria, Europe |
| Biobanks Connected | 642 (2022) |
| Collections | 3453 (2022) |
| Countries Contributing Collections | 32 (2022) |
| Average Users Per Month | 532 (2022) |
| Total Users | 1178 (2022) |
| Donors in the Federated Platform | 422,576 (2022) |
By region, Asia Pacific is expected to grow at the fastest rate during the forecast period. Asia-Pacific is the biobanking market with the quickest rate of growth due to the region's increased investment in biobanking research and the rising incidence of chronic illnesses. The main cause of this is China's enormous potential. Due to their increased investment in research, China, Japan, and India have been the main drivers of the region's growth in the life sciences sector.
NLDB is a first-of-its-kind national biobank, executed as a joint initiative of the Department of Biotechnology (DBT) and the Institute of Liver & Biliary Sciences (ILBS) for translational research in liver and allied diseases. NLDB is the first biobank in India certified by CTR.Net, CANADA, and accredited by ISO 20387:2018.
| National Liver Disease Biobank Data, India (2022) | |
| Bio samples Sharing | 8772 |
| Patients Enrolled | 26855 |
| Sample Aliquots | 185270 |
| No. of NGS Tests | 8198 |
| No. of Mass Spectrometry Tests | 6510 |
| No, of Flow Cytometry Tests | 3526 |
| No. of Animal Pathology Tests | 8291 |
By Product
By Service
By Biospecimen Type
By Biobanks Type
By Application
By End-use
By Region
September 2024
September 2024
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September 2024
Deepa has certified the degree of Master’s in Pharmacy in the Pharmaceutical Quality Assurance department from Dr D.Y. Patil College of Pharmacy. Her research is focused on the healthcare industry. She is the author or co-author of four Review Articles, which include Solid dispersion a strategic method for poorly soluble drugs and solubility improvement techniques for poorly soluble drugs, Herbal Drugs Used In Treatment Of Cataracts, Nano sponges And Their Application in Cancer Prevention and Ayurvedic Remedies of Peptic ulcer. She has also published a Research Article on the Formulation and Evaluation of Mucoadhesive Tablets of Miconazole cocrystal which was published in GIS Science Journal Volume 9 Issue 8. Her passion for secondary research and desire to take on the challenge of solving unresolved issues is making her flourish is the in the research sector.