Global Biological Sample Handling Market Size, Growth Analysis Report, Forecast to 2027


Posted September 24, 2021 by alfahadkhan2510

The global biological sample handling market is expected to grow at a CAGR of 8.2% during the forecast period (2021-2027).

 
The global biological sample handling market is expected to grow at a CAGR of 8.2% during the forecast period (2021-2027). Biological sample handling is a process of collection, storage, and processing of biological samples for further study or use. Compound management and biological sample management play a significant role in the drug discovery process and DNA extraction. Moreover, the collection and storage of human biological samples support the R&D industry for disease identification and fuel the trend to provide personalized medication. The biological sample handling addresses various applications such as forensic investigation, the study of proteomics and genomics, and so on. The sample is stored in either cold storage or room temperature storage accordingly. The growing concern of sample integrity and security is the major driving factor for the market. Moreover, the IT implementation in healthcare will support and make the handling of samples easy. Apart from these factors, some of the other factors such as the rising demand for the quality sample that can be used in a wide range of applications such as a clinical trial, research, and molecular epidemiology studies drives the market growth. The growing government initiatives to promote the life science industry and increasing drug R&D activities are also key factors responsible for the growth of the biological sample handling market.

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The global biological sample handling market is segmented based on storage type, application, and ownership. Based on storage type, the market is bifurcated into cold storage, and room temperature storage. Based on application, the market is divided into drug discovery, forensic investigation, DNA extraction, proteomics, and genomics studies, among others. Among application, the drug discovery segment held a major market share in biological sample handling. Drug discovery plays an important role in the new drug development to curb the rising burden of a wide range of diseases. The rising developments in drug technologies and R&D investments owing to the rising disease are the key factors towards the high share of this market. On the basis of ownership, biological sample handling market is classified into commercial, and academics/research.

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Based on geography, the biological sample handling market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America held a major market share in the global biological sample handling market. The factors contributing to the growth of the biological sample handling market in the region include R&D investment in the biopharmaceutical sector and high healthcare expenditure. In North America, the US held the largest share due to the presence of a large number of key market players that are investing high in new drug discovery, and technological developments. The biological sample handling market in Canada is projected to grow at the highest CAGR owing to the increasing number of biobanks. Canada is one of the countries with significant innovation in the field of biotechnology. Apart from this, the government supports, and initiatives for R&D for new drugs contribute towards the growth of the biological sample handling market in the North America.

Global Biological Sample Handling Market – Segmentation
By Storage Type
Cold Storage
Room Temperature Storage
By Application
Drug Discovery
Forensic Investigation
DNA Extraction
Proteomics and Genomics Studies
Others
By Ownership
Commercial
Academic/Research

Global Biological Sample Handling Market – Segmentation by Region 
North America 
United States
Canada
Europe
Germany
United Kingdom
France
Spain
Italy
Rest of Europe
Asia-Pacific 
China
Japan
India
Rest of Asia-Pacific
Rest of the World

Company Profiles
Alliance Pharma PLC
Abbott Laboratories
Becton, Dickinson and Co.
BioRepository Resources, LLC
Brooks Automation, Inc.
Conversant Bio.
Cryopoint LLC
Experimental Pathology Laboratories (EPL), Inc.
Thermo Fisher Scientific Inc
Indivumed GmbH
Masy BioServices
PrecisionMed, Inc.
Precision for Medicine, Inc.
ProteoGenex Inc.
ReproCELL Europe Ltd
SciSafe Inc.
Sentry BioPharma Services, Inc
Sigma-Aldrich Co. LLC.
TECHNIDATA SAS
Tescor Inc.

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Issued By Alfahad khan
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Categories Business
Tags global biological sample handling market
Last Updated September 24, 2021