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Middle East and African Biobanks Market Share, Size, Growth and Forecast 2021

 



(ARABNEWSWIRE.COM, July 11, 2017 ) Biobank is basically a type of biorepository which stores the biological samples (mainly human samples) used for research purposes or even for treatment. Biobanks gave researchers access to data representing a large amount of people, before biobanks doctors use to collect the samples only for their own research purpose.

Dependence of researchers from all scientific realms on biobanks increased tremendously for providing samples. For the industrial development of diagnostics and therapeutics as well as for medical research biological material and related data have become an important resource. The market for Bio preservation systems is rising due to increase in demand for tissue banking, stem cell banking and umbilical cord banking.

View full report: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-biobanks-market-492/

The vision of personalized medicine is endorsed for the growth of this market. The key driver for the Middle East and African market is poor productivity rate of the pharmaceutical industry with respect to the new drug approvals. These storage solutions can reduce the testing time and costs for manufacturers, as a testing laboratory can take up to 3 days for testing but if the hospital themselves have the storage bank the time can reduce to 3 hours. Storage and handling problem, regulatory issues and cost competitive procedures are the major drawbacks.

The bio bank market is segmented majorly on the basis of sample type and product type. Sample type includes human tissues, stem cells, DNA or RNA, Bio-fluids and Others whereas product type is subdivided into types of equipment’s (Temperature control systems, Incubators, Centrifuges, Alarm and Monitoring Systems, Accessories and Other Equipment) and consumables. Based on Application they are divided into Therapeutic Applications, Research Applications and Clinical Trials. The human tissues section is expected to account for the highest market share of approximately 65% during the forecast period. Preference for human tissue specimens is increasing over animal tissue samples due to unavailability of appropriate animal models for some specific neurological and psychiatric disorders.

Free sample of the report is available at: http://www.marketdataforecast.com/market-reports/middle-east-and-africa-biobanks-market-492/request-sample

Some African bio banks are Beckman Coulter, Tecan group, Taylor- Wharton, Panasonic biomedical, Teva pharmaceuticals, Biolife solutions, Custom biogenic systems, Princeton cryotech, Fluidx, Tissue solutions, Wildcat laboratory solutions, Micronik and Brooks life science systems.

Buy now: http://www.marketdataforecast.com/cart/buy-now/middle-east-and-africa-biobanks-market-492

About Market Data Forecast:

The publisher of this report is Market Data Forecast whose forte lies in Market research and Business Intelligence. Handling both individual and corporate clients across multiple business domains they offer syndicated/customized research to suit the client’s research objective. Their research reports section offers a wide variety of market studies ranging from all-encompassing comprehensive market studies to product specific niche markets covering North America among other regions of the global market as well. For more info kindly visit, www.marketdataforecast.com

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