Healthy future: Despite the mounting likelihood of new regulation, industry revenue will grow

Over the five years to 2017, patient-centric research has become the norm. As a result, the Cryogenic Biobanking Services industry has exhibited robust growth in line with offering biospecimen storage options for particular patient demographics, including genetic or environment characteristics. Over the next five years, the industry is expected to grow, despite expected increases in government regulation. Many cryogenic biobanks will attempt to strengthen their repository of biospecimens from healthy donors, thus allowing these biobanks to observe changes in donors' health over time, increasing demand for their samples over the five years to 2022 and beyond...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 12-17
-0.7%
Forecast Growth 17-22
Profit
Employment
16,339
Businesses
340
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • Some biobanking companies have been concerned regarding whether or not they can secure financing
  • It generally takes five years for an industry establishment's revenue to keep pace with costs
  • Over the next five years, cooperation among biobanks will be imperative
  • Industry Report - Industry Investment Chapter

    The Cryogenic Biobanking Services industry exhibits a low level of capital intensity. Although cryogenic freezers and other preservation equipment are costly, technology represents a one-time expense for most industry operators. However, biobanks are highly dependent on skilled technicians and medical professionals to process and maintain biospecimens. Many biobanks are part of the medical and research departments of major universities, resulting in relatively high wages for skilled employees. Over the past five years, capital intensity moderately increased as biobanks focused on improving tissue preservation technology. In 2017, for every dollar spent on labor, industry operators are expected to spend $0.09 on capital investments...purchase to read more.

    Additional Insights for the Cryogenic Biobanking Services Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cryogenic Biobanking Services Industry are

  • Control of distribution arrangements
  • Having a wide and expanding product range
  • Ready access to investment funding
  • IBISWorld analysts also discuss how external factors such as Research and development expenditure and Government funding for universities in the Cryogenic Biobanking Services industry impact industry performance..

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    What's in this report

    What is the Cryogenic Biobanking Services Industry?

    This industry operates cryogenic storage facilities used to archive biological samples used for research. Biobanks, or repositories that store these biological samples, are used in hospitals, universities, nonprofit organizations and pharmaceutical companies.

    Industry Products
  • Serum or plasma
  • Solid tissue specimen
  • Whole blood and peripheral blood cells
  • Cell lines
  • Urine and stool
  • Cerebral spinal fluid
  • Pathological bodily fluids
  • Industry Activities
  • Blood and blood cell sample storage
  • DNA storage
  • Human tissue storage
  • Saliva and saliva cell storage
  • Cancerous cell storage
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Research and development expenditure
  • Government funding for universities
  • Regulation
  • Demand from biotechnology

  • Current Performance
  • Robust growth
  • Trials remain
  • Chart: Revenue Growth

  • Industry Outlook
  • Growth continues
  • Ethical regulation
  • Table: Cryogenic Biobanking Services Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cryogenic Biobanking Services Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Scientific Research & Development
  • Hospitals
  • Public Administration
  • Colleges & Universities
  • Biotechnology

  • Key Selling Industries
  • Data Processing & Hosting Services
  • Heating & Air Conditioning Equipment Manufacturing
  • Medical Device Manufacturing
  • Medical Instrument & Supply Manufacturing
  • Organic Chemical Manufacturing

  • Products & Services
  • Whole blood and peripheral blood cells
  • Serum or plasma
  • Solid tissue specimen
  • Cell lines
  • Urine and stool
  • Cerebral spinal fluid
  • Other
  • Pathological bodily fluids
  • Chart: Cryogenic Biobanking Services Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Federal government
  • Parent organization
  • Fee-for-service
  • Individuals or foundations
  • Other
  • State funding
  • Clinical and Translational Science Award
  • Specimen sales
  • Chart: Major Market Segmentation for the Cryogenic Biobanking Services Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWages PurchasesRent and utilitiesDepreciationOther
  • Chart: Cost Structure Benchmarking – Sector vs Cryogenic Biobanking Services

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cryogenic Biobanking Services Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Cryogenic Biobanking Services Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cryogenic Biobanking Services Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Government funding for universities (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Biospecimen
  • Materials from the human body used in cancer and medical research. Biospecimens are stored in biobanks.
  • Cryopreservation
  • Cell and tissue storage technique utilizing sub-zero temperatures.
  • Dna
  • Deoxyribonucleic acid. DNA stores genetic information of humans and other organisms.
  • Genome
  • An organism's hereditary information, stored in the DNA.
  • What Our Customers Say

    Why buy this report?

    The Cryogenic Biobanking Services industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

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    This report on Cryogenic Biobanking Services:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cryogenic Biobanking Services market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cryogenic Biobanking Services, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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