Top Companies in Biobanking Market| Industry Top Players Hamilton, Greiner Holding, Promega, Merck, etc | In-depth Research Report by Vantage Market Research
Due to a growing number of diseases and health issues for which no medicinal treatment or vaccination process has been developed, biobanks are being used to collect samples and preserve biological materials for future reference.
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MARKET OVERVIEW
The Global Biobanking Market is valued at USD 27.1 Billion in the year 2021 and is projected to reach a value of USD 44.9 Billion by the year 2028. The Global Market is anticipated to grow to exhibit a Compound Annual Growth Rate (CAGR) of 8.8% over the forecast period. Biobanking plays an integral role in advancing biomedical and translational research, through the collection and preservation of biological samples, such as blood, tissues, and nucleic acids, which are then made available for use in research to discover disease-relevant biomarkers; this is further used for diagnosis, prognosis, and predicting drug responses. Growth in the number of research activities in this segment forms a major driver for the Biobanking market. The availability of government funding for regenerative medicine, stem cell therapeutics, and cell & gene therapy is supporting research activities in this segment. Apart from this, the increasing trend of cord blood banking will also aid the growth of this Biobanking market segment. Prospects including advancements in orthopedic procedures with the use of stem cells are expected to further support Biobanking's market growth for regenerative medicine.
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Some of the key players operating in the Biobanking Market are listed below:
|
Company Name |
Revenue in the US |
|
$678 Million |
|
$2 Billion |
|
$478 Million |
|
$20 Billion |
|
<$5 Million |
|
$874 Million |
|
$40 billion |
|
$54 Billion |
|
$2 Billion |
|
$513.7 Million |
Hamilton Company began in the 1940s. Clark Hamilton, a chemical engineer, developed a lead shielded syringe for precision handling of radioactive isotopes in collaboration with the Lawrence Livermore Radiation Laboratory near Berkeley, California. Upon relocation to Whittier, California, and his garage there, Clark Hamilton’s activities quickly focused on the need for microliter liquid handling in the field of chromatography.
Greiner, headquartered in Kremsmünster (Austria), is a global leader in the field of plastic and foam solutions. The group of companies - a non-listed stock corporation - operates from a classic holding structure with three operating divisions: Greiner Packaging, NEVEON, and Greiner Bio-One. It was founded in 1986.
Promega Corporation was founded by Bill Linton in 1978 to provide restriction enzymes for biotechnology. The company now offers more than 4,000 life science products used by scientists, researchers, and life science and pharmaceutical companies. The company has developed an on-site stocking system, which uses radio frequency identification (RFID) linked to the Internet to track and manage remote inventory. This resulted in the spin-off company Terso Solutions which specializes in the design and manufacturing of small RFID storage units.
Merck KGaA (Merck), a subsidiary of E. Merck KG, is a science and technology company. It discovers, develops, and manufactures prescription drugs to treat cancer, multiple sclerosis, and infertility; and develops liquid crystal mixtures, organic light-emitting diode (OLED) materials, cosmetic active ingredients, pigments for coatings, and high-tech materials. Merck also provides a wide range of products including lab water systems, gene-editing tools, cell lines, antibodies, and end-to-end systems. The company serves healthcare, performance materials, and life sciences markets. It has a presence in Europe, North America, Asia-Pacific, Latin America and the Middle East, and Africa. Merck is headquartered in Darmstadt, Hesse, Germany.
VWR Corporation is an American company involved in the distribution of research laboratory products, with over 1,200,000 items to more than 250,000 customers in North America and Europe. The U.S. division is headquartered in Radnor, Pennsylvania. VWR primarily serves the government, biology, education, electronics, and pharmaceutical sectors. The Company offers ampules, anemometers, blood lancets, clamps, cylinders, vacuum cleaners, and vibration meters. VWR serves clients worldwide. It was founded in 1852 and is headquartered in the United States of America.
Tecan was founded in 1980 by four engineers in the Swiss village of Hombrechtikon, with the aim to develop measurement, analysis, and laboratory automation devices. The first offices were in a renovated farmhouse, the family home of CEO and founder, Heinz Abplanalp. The largest acquisition in Tecan’s history adds complementary expertise, broadens design-, development- and manufacturing capabilities further extends the company’s position in solutions for life sciences and in-vitro diagnostics, and takes Tecan into the attractive and fast-growing medical device market segment.
Thermo Fisher Scientific Inc. (Thermo Fisher) is a provider of medical equipment, analytical instruments, reagents and consumables, software, and services to tackle complex analytical challenges in research, diagnostics, and clinical laboratories. It offers solutions for cellular analysis and biology, flow cytometry, and synthetic biology. The company has a range of products which include technologies for mass spectrometry, genetic sequencing, electron microscopy, protein, and molecular biology research. The company serves pharmaceutical and biotech companies, academic and research institutions, clinical diagnostic labs, government agencies; and environmental, industrial quality, and process control sectors. It sells its products and services through a direct sales force, e-commerce and third-party distributors in the Americas, Asia-Pacific, and Europe. Thermo Fisher is headquartered in Waltham, Massachusetts, the US.
The Panasonic Healthcare Holdings Group is a leading diversified diagnostic, life sciences, and medical device company serving global markets through Japanese excellence and precision. The company has a platform of established brands, underpinned by a business system that enables the company to achieve operational excellence and efficiency through continuous improvement. It was founded in 2014 and its headquarter is in Tokyo.
The QIAGEN goal is to offer customers high-quality, innovative products that provide maximum convenience and reliable results, backed by excellent technical and customer service. Most QIAGEN products are available in ready-to-use kit format and are supplied with comprehensive handbooks which include information about both the technology and the protocols. If more information is needed, the QIAGEN Technical Service teams are available to provide helpful advice about QIAGEN products and most molecular biology procedures.
Brooks is a leading worldwide provider of automation, vacuum and instrumentation solutions to the global semiconductor and related industries whose products and services are meeting the needs of customers across a broad spectrum of applications and industries. It was founded in 1978 and its headquarter is in Azenta.
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