The “DNA RNA Banking Services Market” 2023-2031 Research Report affords qualitative and quantitative insights into the principal drivers, constraints, opportunities, and challenges influencing world markets growth. The find out about offers complete statistical market records on the leading players, as nicely as income predictions. This market lookup additionally presents statistics on the income boom of numerous regional and country-level markets, as properly as the opposition panorama and unique organization analyses for the projected period. The DNA RNA Banking Services Market Report covers potential improvement drivers as properly as the modern-day kingdom of market share, penetration of a number of kinds, technologies, applications, and areas thru 2031.
The DNA & RNA banking services market size is expected to reach USD 9.43 billion by 2028 according to a new study by Report Ocean.
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The report “DNA & RNA Banking Services Market – By Service (Transportation, Processing, Storage, Quality Control, Data Storage, Others); By Specimen (Blood, Buccal Swabs & Hair Follicles, Others); By Application; By End-Use, By Regions; Segment Forecast – 2028” gives a detailed insight into current market dynamics and provides analysis on future market growth.
In 2020, the drug discovery market segment of DNA & RNA banking services held the largest share. This high market share is attributed to research on biomarker discovery, scientific progressions in clinical research, and the rising need for drug discovery processes. These banking services support the entire therapy monitoring, disease prevention, and appropriate diagnosis with proper follow-ups.
COVID-19 Impact
The COVID-19 pandemic in 2019 engulfed the world. It caused a worldwide halt. The entire global economy was affected. In addition, many people have also lost their lives. Around 252,297,094 cases and 5,091,465 deaths have been reported worldwide so far for COVID-19. The pandemic spread to almost every country in the world. In most industries, the pandemic resulted in some form of loss. As a result of the pandemic, the DNA & RNA banking services market also experienced a slowdown. Statista estimates that the DNA & RNA banking services market total worldwide revenue stood at approximately US$ 3.94 trillion in 2019. In 2014, the DNA & RNA banking services market generated revenues of US$ 5.4 trillion at a record high.
The degree of competition among prominent global companies has been developed by analyzing several leading competitors operating globally. In addition, specialist analysts examine various aspects of the DNA & RNA banking services market, including market competition, market share, the most recent advancements in the industry, innovative product launches, partnerships, mergers, and acquisitions by leading companies.
The improving paradigm shift towards treatment by personalized medicine has further favored the market growth. It involves epi-genomics, proteomics, and metabolomics, which uses DNA and RNA samples for new treatment procedures. These biobanks provide data related to gene correlations to decipher any form of genetic variations.
The therapeutics segment is projected to witness a lucrative market growth over the DNA & RNA banking services study period. This is primarily due to large-scale government-sponsored immunization programs and a surge in infectious diseases, over the past decade. In addition, the increasing demand for storage is expected to propel market growth for DNA & RNA banking services.
This has created enormous opportunities for these data banks for future research on infectious diseases, and immunity pathways. For instance, Oxford Vaccine Center collects both RNA and DNA samples to offer data insights related to infectious diseases, resulting in driving the market growth for the DNA & RNA banking services.
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Major Players:
Market participants operating in the DNA & RNA banking services industry include EasyDNA, 23andMe, Inc., GoodCell, ProteoGenex, LGC Biosearch Technologies, DNA Genotek Inc., US Biolab Corporation, Inc., Thermo Fisher Scientific, Inc., deCODE genetics, Infinity Biologix, Brooks Life Sciences, and PreventionGenetics.
DNA & RNA Banking Services, Service Type Outlook (Revenue – USD Million, 2016 – 2028)
Data Storage
Processing Service
Storage Service
Transportation Service
Quality Control Service
Others
DNA & RNA Banking Services, Specimen Type Outlook (Revenue – USD Million, 2016 – 2028)
Blood
Buccal Swabs & Hair Follicles
Others
DNA & RNA Banking Services, Application Outlook (Revenue – USD Million, 2016 – 2028)
Clinical Diagnostics
Drug Discovery & Clinical Research
Therapeutics
Other Applications
DNA & RNA Banking Services, End Use Outlook (Revenue – USD Million, 2016 – 2028)
Academic Research
Pharmaceutical & Biotechnology Companies
Hospitals & Diagnostic Centers
Others
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DNA & RNA Banking Services, by Regional Outlook (Revenue – USD Million, 2016 – 2028)
North America
U.S.
Canada
Europe
France
Germany
UK
Italy
Spain
Netherlands
Austria
Asia Pacific
China
India
Japan
Malaysia
South Korea
Indonesia
Central & South America
Mexico
Brazil
Argentina
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
What are the aspects of this report that relate to regional analysis?
The report’s geographical regions include North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
The report provides a comprehensive analysis of market trends, including information on usage and consumption at the regional level.
Reports on the market include the growth rates of each region, which includes their countries, over the coming years.
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