Global Biobanks Market size, Share, Growth and Forecast to 2025 grandviewresearch.com

The market has evolved rapidly with technological advancements in genetic tools, as these tools raise demand for high – quality biospecimens to accelerate cancer research. For instance, in January 2017, Northwell Health collaborated with Indivumed to create a cancer research biobank. Furthermore, ongoing developments in information technology and automation solutions have improved the operating efficiency of biobanking services. For example, launch of fully automated programmed freezers and refrigerators supports temperature monitoring in biobanks.