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Global Market Value for Biorepositories/Biobanking is expected to reach US$23.9 billion by 2015 -- A comprehensive research report based on biorepository equipments, applications, technologies, ownership and end-users, by Axis Research Mind

November 07, 2011 Bookmark and Share

Global Biorepositories / Biobanking Market Watch: Axis Research Mind (www.axisresearchmind.com) - With a CAGR of 7.9%, global market value for biorepositories market is anticipated to be worth US$23.9 billion by 2015. On a global scale, North America accounts for more than 30% of the market. While US accounts for the highest share of the global market value on a country basis, India and China surpasses the US in terms of growth rate anticipated in the near future and leads the world. Bio-freezers indicate nearly 7.5% CAGR during the period 2009-2015, and claim approximately 30% of the market. Bio-refrigerators hold second largest position among the equipment’s. Reagents & Consumables represents the fastest growing market and forecasts US$3.7 billion by 2015. Laboratory Information Management Systems (LIMS) is anticipated to witness a CAGR of 8.8%. Share of stem cells market in Biorepositories is forecasted to become nearly 30% by 2015, with a massive CAGR of 18.7%. Among the segments, blood Products market is expected to reach US$2.8 billion. Our analysis indicates that human and veterinary uses would worth US$2.6 billion and US$2.8 billion, respectively by 2015. Among the technologies used, biomarkers accounts for the largest share of nearly 40% and is fastest growing market. RFID & Tagging represents the second highest growing rate. Automated Liquid Handling market is anticipated to reach US$3.2 billion by 2015. Biospecimen Dry-State Storing is expected to attain US$2.4 billion market value by 2015 with a CAGR of 8.3%. Private Banks are forecasted to be the fastest growing markets over the Public Banks. Asia-Pacific and Europe leads in terms of CAGR among the regions considered. On further classification, Population-Based Banks are the fastest growing segment followed by Academics and Disease-Based Banks respectively. Pharmaceuticals account for the largest share of the entire market, driving a CAGR of 8.5% during the analysis period 2009-2015. Biotechnology sees as the fastest growing end-user with a forecast of US$4.9 billion by 2015, with a CAGR of 9.2%. Personal Care and Food and Beverages segments indicate a CAGR of approximate 8% during the period while Petrochemicals are expected to grow with a CAGR of 7%.

For more information please follow link:
Biorepositories - Equipments, Applications, Technologies, Ownership And End-Users - An Analytical Report, 2009-2015

Estimates are based on online surveys using customized questionnaires by our research team. Besides information from government databases, company websites, press releases and published research reports are also used for estimates. Estimates have incorporated recessionary impact on the industry. The analysis is based on desk research and interviews with biobank researchers and law/ethics specialists, as well as on data collected through the survey, and discussions with experts.

Incorporating the recession impacts on the industry, the market growth rate in the major economies such as the U.S., Japan and China along with the other emerging countries are estimated individually for the upcoming years. Anticipating a protracted economic recovery towards to 2011 and based on the CAGR estimates and growth potential, we have forecasted the market size figures for the next five years.

The report delivers a microscopic view of regional market values. The major equipments, applications, technologies, ownership and end-users areas.

please follow the link for - Biorepositories / Biobanking Other Related Reports

About Axis Research Mind
Axis Research Mind (www.axisresearchmind.com) is a market research firm offering customer-oriented publications in verticals such as life sciences and biotechnology, healthcare and pharmaceuticals, energy and resources, food and beverage, telecomm and many more industries. Our reports cater incisive and precise analytics and are scrutinized with a passion of success in the growing marketplace. Our USBs are self-explanatory, vast database and region-wise coverage across the sectors. We attempt to explore market dynamics explicating the risk and return measures in the industry.

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