Virtual Biobanks Driving Growth in Biobanking Market
Wednesday, 20 March 2024, 09:01
Biobanking Market Overview
The biobanking market, evaluated at US$60.735 billion for 2022, is forecast to grow at a CAGR of 5.68% to reach a market size of US$89.411 billion by 2029.
Key Highlights:
- Significant investments in R&D for cutting-edge therapeutics.
- Emergence of virtual biobanks as a popular trend.
The industry is experiencing a shift towards more innovative and efficient practices, aiming to cater to the growing demand for personalized treatments. Virtual biobanks are at the forefront of this transformation, offering new possibilities for data storage and access.
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.