Global Biobanking for Medicine Market - Industry AnalysisIncreasing demand for personalized medicine, genomics studies & research of diseases, and rising trend of conversing cord blood stem cells of new-borns these factors act as drives to the biobanking for medicine market. Government & Private sector funding to support research for cost-effective medicines.

Biobanking for the medicine market is segmented into product, sample type, application, and region. Based on the product, biobanking for the medicine market is classified into equipment, consumables, services, and software. Equipment holds the highest market due to increasing the number of biobanks and biospecimens.