Middle East and Africa Biobank Equipment Market – Size, Trends and Forecast (2024

Middle East and Africa Biobank Equipment Market - Size

Study Period

2018 - 2030

Base Year For Estimation

2023

Forecast Data Period

2024-2030

Historical Data Period

2018-2021

CAGR

7 %

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A biobank is a type of biorepository which stores the biological samples, usual humans for research in genetics and microbiology. Biobanking equipment is used to conduct various tests, analysis, researches and for the storage of the samples. In many types of research, biological samples are used to manufacture personalised medicine and to study different types of diseases.

The Middle East & Africa Biobank Equipment Market Segments Size & Growth:

The Middle East & Africa Biobank Market is accounted for $ XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market are increasing demand for precision medicine, research for clinical trials, and advancement in biobanking techniques. However, surveillance issues, storage problem, and the high cost of procedures hinder the growth of the Middle East & Africa biobank market.

The Middle East & Africa Biobank Equipment Market Segments Share:

The Middle East & Africa Biobank Market is categorised into by type which consists of equipment such as incubators, temperature control system, monitoring systems, freezers, and refrigerators. The monitoring systems have the most significant share as they can record the issues in the biobank and intimate immediately.

By Geography, South Africa is dominating the biobank equipment market, and the growth in Middle East & Africa is mainly attributed because of the increasing adoption of personalised medicine and research activities. Furthermore, Middle East is witnessing the fastest growth during the forecast period, due to rising ageing population, diseases and investment in R&D research.

The Middle East & Africa Biobank Equipment Market Segments Trends:

In January 2018, Bio-Techne Corporation has acquired Atlanta Biologicals, Inc. stocks to expand regenerative medicine capabilities and cell culture.
In January 2017, Tecan has brought a new handling biological fluids arm Air LiHa which helps in collecting complex liquids in biobanks and clinical trials.
In May 2017, Thermo Fisher Scientific Inc. has been acquired with Patheon a Contract Development and Manufacturing Company.

The Middle East & Africa Biobank Equipment Research Report:

An executive summary condensing the whole report such that essential authority can rapidly twist up doubtlessly acquainted with brief overview and conclusion.

To have complete market analysis, industry value chain analysis, Porter’s Five Force Analysis, PESTLE, SWOT analysis, and Y-o-Y analysis were carried to understand the market more comprehensively.

Regional and global diversity is analysed with the major countries and the unions. Scrutinizing the revenue generation on Year-On-Year

Identifying DROC in the current market and their impact in altering the market dynamics.

Competitive landscape analysis to identify the mergers and acquisitions which will have a comparative financial study with significant competitors.

Expertise investment opportunities by an analyst to the individual and organisation to have a better foothold in the market.

Stemcell Technologies Inc.
BioCision
Cell & Tissue Systems LLC
Atlanta Biological
Biolife Solutions

Equipment Market Segments

Middle East and Africa Biobank Equipment Market - Growth

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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Middle East and Africa Biobank Equipment Market - Porter's Five Force Analysis

Source: Envision Intelligence Analysis & Experts Insights.

*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

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