Worldwide Biobanking Industry to 2027 - High Growth Potential in Developing Countries
Share this article Share this article ResearchAndMarkets.com's offering. The global biobanking market was valued at $37. 93 billion in 2019, and is estimated to reach $57. 67 billion by 2027, growing at a CAGR of 4. 6% from 2020 to 2027. Biobank is a biorepository meant to collect and preserve biological materials that are used for diagnosis, biodiversity studies, and research. In addition, it is used to support the research of most common types of genetic disorders to develop personalized medicines and to maintain and update database of diseases related to age. The rise in funding by private...