Biobanks Market Set for Rapid Growth and Trend by 2026

A biobank can be defined as an organized and programed storage of biological materials and corresponding data that can be used in healthcare research. The biological samples vital for medical innovation include tissue, body fluids (such as serum, blood, urine, or fluids from punctures), related derivatives (RNA, DNA, or proteins), and cells.

As biobanks help in providing personalized medications and minimizing drug side effects, thereby improving the overall health of patients suffering from various diseases, the demand for biobanks will augment worldwide. Some of the key factors driving the market for biobanks are advancement in drug discovery, rising prevalence of chronic disorders such as cancer, respiratory disorders, and cardiovascular diseases, increasing healthcare expenditure, and several government initiatives supporting the development of biobanks.

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Another growth driver of the global biobanks market is the gradual propagation of awareness about biobanks and their significance.

Read More @ https://www.marketwatch.com/press-release/biobanks-market-set-for-rapid-growth-and-trend-by-2026-2019-12-23