According to Stratistics MRC, the Global DNA and RNA Banking Services Market is accounted for $6.09 billion in 2020 and is expected to reach $10.82 billion by 2028 growing at a CAGR of 7.4% during the forecast period. The major advancements in medical science and technology, coupled with the increasing adoption of personalized medicine, development of automated solutions and the transformation of biobanks into fully automated biobanks are the major factors driving the market growth. However, ethical and legal issues pertaining to banking services is restraining the market growth.
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Based on service type, the storage service segment is estimated to have a lucrative growth owing to the presence of numerous key providers in the market space. The rise of automated sample storage systems and automated liquid handlers to manage large sample volume, and lower the amount of time required to process, store, and distribute samples further drives the segment. By geography, North America is going to have high growth during forecast period due to initiation of national precision-medicine initiatives, such as the “All of Us” biobank in the U.S.
Some of the key players profiled in the DNA and RNA Banking Services Market include 23andMe Inc, Brooks Life Sciences, deCODE genetics, DNA Genotek Inc., EasyDNA, GoodCell, Infinity Biologix, LGC Biosearch Technologies, PreventionGenetics, ProteoGenex, Thermo Fisher Scientific, Inc and US Biolab Corporation, Inc.
Service Types Covered:
• Storage Service
• Quality Control Service
• Transportation Service
• Processing Service
• Data Storage
Specimen Types Covered:
• Blood
• Buccal Swabs & Hair Follicles
Applications Covered:
• Therapeutics
• Drug Discovery & Clinical Research
• Clinical Diagnostics
End Users Covered:
• Academic Research
• Pharmaceutical & Biotechnology Companies
• Hospitals & Diagnostic Centers
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
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