Virtual Biobanks: The Rising Trend in Biobanking Market
Biobanking Market Outlook
The biobanking market is evaluated at US$60.735 billion for 2022 and is expected to expand significantly over the forecast period. The industry is witnessing a growing demand for advanced storage facilities to cater to the research and development of cutting-edge therapies.
Virtual Biobanks
Virtual biobanks are gaining popularity due to their digital nature and streamlined processes. This trend highlights a shift towards more efficient and secure storage practices, essential for the evolving field of personalized medicine and advanced therapeutics.
- Projected CAGR of 5.68%
- Market size to reach US$89.411 billion by 2029
- Driven by investments in research and development
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.