Latin America Biobanks Market is going to reach a value of USD 37.10 million by 2021.
Latin America Biobanks Market by Type, Application , End User and by Region - Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021)
(EMAILWIRE.COM, January 29, 2018 ) The Latin America Biobanks Market is expected to increase at a CAGR of 8.02% in the forecast period of 2016-2021 and reach a value of USD 37.10 million by 2021 from USD 25.23 million in 2016. Biobanks play a vital role in the field of biomedical research. The wide range of bio specimens includes samples of blood, saliva, plasma, and purified DNA which can be described as libraries of the human organism. Before biobanks came into the market doctors use to collect the samples only for their own research purpose but the biobanks gave researchers access to data representing a large amount of people.
For the industrial development of diagnostics and therapeutics as well as for medical research biological material and related data have become an important resource. There is an inclination in the market for Bio preservation systems due to increase in demand for tissue banking, stem cell banking and umbilical cord banking.
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The key driver for the market is poor productivity rate of the pharmaceutical industry with respect to the new drug approvals. These storage solutions can reduce the testing time and costs for manufacturers, as a testing laboratory can take up to 3 days for testing but if the hospital themselves have the storage bank the time can reduce to 3 hours. The major drawbacks involve storage and handling problem, regulatory issues and cost competitive procedures.
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The bio bank market is segmented majorly on the basis of sample type and product type. Sample type includes human tissues, stem cells, DNA or RNA, Bio-fluids and others whereas product type is subdivided into types of equipment’s (Temperature control systems, Incubators, Centrifuges, Alarm and Monitoring Systems, Accessories and Other Equipment) and consumables. Based on Application they are divided into Therapeutic Applications, Research Applications and Clinical Trials. The human tissues section is expected to account for the highest market share of approximately 65% during the forecast period. Preference for human tissue specimens is increasing over animal tissue samples due to unavailability of appropriate animal models for some specific neurological and psychiatric disorders.
Bio banks in Latin America are Beckman Coulter, Tecan group, Taylor- Wharton, Panasonic biomedical, Teva pharmaceuticals, Biolife solutions, Custom biogenic systems, Princeton cryotech, Fluidx, Tissue solutions, Wildcat laboratory solutions, Micronik and Brooks’s life science systems.
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For the industrial development of diagnostics and therapeutics as well as for medical research biological material and related data have become an important resource. There is an inclination in the market for Bio preservation systems due to increase in demand for tissue banking, stem cell banking and umbilical cord banking.
View full report: http://www.marketdataforecast.com/market-reports/latin-america-biobanks-market-490/
The key driver for the market is poor productivity rate of the pharmaceutical industry with respect to the new drug approvals. These storage solutions can reduce the testing time and costs for manufacturers, as a testing laboratory can take up to 3 days for testing but if the hospital themselves have the storage bank the time can reduce to 3 hours. The major drawbacks involve storage and handling problem, regulatory issues and cost competitive procedures.
Free sample of the report is available at: http://www.marketdataforecast.com/market-reports/latin-america-biobanks-market-490/request-sample
The bio bank market is segmented majorly on the basis of sample type and product type. Sample type includes human tissues, stem cells, DNA or RNA, Bio-fluids and others whereas product type is subdivided into types of equipment’s (Temperature control systems, Incubators, Centrifuges, Alarm and Monitoring Systems, Accessories and Other Equipment) and consumables. Based on Application they are divided into Therapeutic Applications, Research Applications and Clinical Trials. The human tissues section is expected to account for the highest market share of approximately 65% during the forecast period. Preference for human tissue specimens is increasing over animal tissue samples due to unavailability of appropriate animal models for some specific neurological and psychiatric disorders.
Bio banks in Latin America are Beckman Coulter, Tecan group, Taylor- Wharton, Panasonic biomedical, Teva pharmaceuticals, Biolife solutions, Custom biogenic systems, Princeton cryotech, Fluidx, Tissue solutions, Wildcat laboratory solutions, Micronik and Brooks’s life science systems.
Buy now: http://www.marketdataforecast.com/cart/buy-now/latin-america-biobanks-market-490
About Market Data Forecast:
The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com
Contact:
Abhishek Shukla
Sales Manager (International Business Development)
Market Data Forecast
Direct Line: +1-888-702-9626
Mobile: +91 998 555 0206
Mail: abhishek@marketdataforecast.com
Visit MarketDataForecast Blog @ http://www.marketdataforecast.com/blog/
View latest Press Releases of MDF @ http://www.marketdataforecast.com/press-releases
Contact Information:
Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
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Market Data Forecast.
Abhishek
Tel: +1-888- 702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results