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Human Biobanking Ownership Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 - 2024

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Global Human Biobanking Ownership Market: Overview

Biobanks play a pivotal role in the field of biomedical research. A wide range of biospecimens including plasma, saliva, blood, and purified DNA are maintained by biobanks. These biospecimens are compiled to study the unique and general features of the continuous cell line and determine the presence or absence of contaminants. Biobanks usually compile the specimens on the basis of various genetic and other traits such as ethnicity, gender, age, and blood type. To understand the impact of environmental factors on the human genes, some of the samples are also collected depending upon whether the donor has been exposed to radiation and other substances. 

The human biobanking ownership market can be segmented into private banks, public banks, hospitals, biotechnology and pharmaceutical companies, diagnostics, transplantation, and biobank storage companies, and medical institutions, research, and forensics. The private and public banks can be further classified into disease-based banks, population-based banks, and academics.                                                                       

Global Human Biobanking Ownership Market: Drivers and Restraints                                   

The genetic data compiled by human biobanks helps scientists to understand hereditary diseases and the interaction of environmental and genetic factors. Studying the correlation between environmental and genetic factors is crucial to understand the mutations caused in the genes. Furthermore, these biobanks offer researchers an extensive pool of samples on the basis of age, gender, education, and lifestyle. All these factors have contributed toward the growth of the global human biobanking ownership market.

Cost is one of the primary factors inhibiting the growth of the global human biobanking ownership market. The process of sequencing genome is both tedious and expensive. As a result, government-owned biobanks usually outsource this process to research organizations. Compared to sequencing of genomes, genotyping is cheaper and about 10 times faster than harvesting the entire genetic code. Furthermore, concerns regarding the security of the genetic data across human biobanks have also hampered the growth of the market. In the U.S., 23andMe, a California-based personal genomics and biotechnology company has been accused of selling the genetic data of over one million customers for profit.

In the near future, the global human biobanking ownership market is expected to be governed by laws to protect the privacy of gene donors and establish their rights. For example, in Estonia, the Human Genes Research Act passed in 1999 provides donors full authority over who can access their data and establishes anonymity in clinical research. Such laws will help in the growth of the global human biobanking ownership market.

Global Human Biobanking Ownership Market: Region-wise Outlook                                      

The global human biobanking ownership market can be segmented into four key regions: Europe, Asia Pacific, North America, and Rest of the World. Among these, Asia Pacific has been driving the global market growth owing to the rapid growth of the private biobanks and clinical research organizations in the region. Demand witnessed in North America and Europe is also significantly aiding the growth of the market.

In Europe, countries such as Estonia are focusing on collecting the DNA of every citizen in order to enrich their national biobank. In Estonia, the national biobank program started in 2000 by collecting DNA samples from a quarter of the country’s population. While these DNA samples are mostly used for clinical research, the government is planning to use this data to build a robust health care infrastructure by offering personalized care. The Government of Estonia has already started developing a system to make this genetic data available to citizens and doctors.  

Global Human Biobanking Ownership Market: Vendor Outlook                                              

Some of the key players in the global human biobanking ownership market are Affymetrix Inc., Abbott Laboratories, Acorda Therapeutics, Alpha Cord Inc., Autogen Inc., Biobank Ireland Trust, BioCision, Biokryo GmbH, BioLife Solutions Inc., Biomatrica Inc., BioStorage Technologies Inc., Cells4Life Ltd., Cesca Therapeutics Inc., China Cord Blood Corporation, Core Dynamics Inc., and Cryo Bio System. 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market 


Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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