TechNavio today launched its report Global Biobanking Market 2011-2015 based on an in-depth study covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Healthcare team said; ”The Global Biobanking market is nowadays witnessing an increased number of mergers and acquisitions among its vendors. Also, there has been an increase in collaboration of public and private sector banks. For instance, Thermo Fischer Scientific acquired Dionex Corp. in May 2011 to increase the depth of its business in innovative technologies and emerging markets. This acquisition will expand the company’s presence in applied markets such as Water Testing, Environmental Analysis, and Food Safety and will increase its business in the APAC region.”
According to the report, globally, there has been an increase in the incidence of infections as well as various diseases such as cardiovascular disease (CVD), cancer, neurological diseases, respiratory diseases, and diabetes. This is because of a variety of factors such as unhealthy dietary habits, lack of physical activity, excessive consumption of alcohol, and excessive smoking. Furthermore, the rapidly expanding elderly population is increasing the number of people prone to diseases. Thus, the increasing prevalence of disease leads to the demand for various drugs used to treat them. Therefore, various pharmaceutical and biotech companies are using biobanks and their repositories to develop novel drugs for the treatment of various chronic diseases.
Further, the report also discusses that the lack of standardized and high-quality biospecimens is hampering the growth of this market.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit http://goo.gl/a4qWF
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TechNavio Announces the Publication of its Report – Global Biobanking Market 2011-2015
