Biobanks Market Is Expected To Reach $ 106.9 Billion By 2028
San Francisco, 19 March 2021: The Report Biobanks Market Size, Share & Trends Analysis Report By Product, By Service (Cold Chain, Lab Processing), By Biospecimen Type, By Biobank Type (Virtual, Physical), By Application, By Region, And Segment Forecasts, 2021 - 2028 The global biobanks market size is expected to reach USD 106.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.2% from 2021 to 2028. Biobanks continue to evolve with the introduction of new technologies such as NGS and increased focus on genomic medicine. The availability of several types of biospecimens to cater to multiple domains including drug discovery, diagnostics, and others has accelerated the diversification of biorepositories, thereby driving the market. The quality of biospecimens can significantly influence the disease testing as well as preclinical and clinical research. Regulatory agencies have played a vital role in spurring the