Biobanking in Research and Development
The global biobanking market has been experiencing significant growth in recent years. The market size and growth of the biobanking are expected to reach USD 136.9 billion by 2030, growing at an annual growth rate (CAGR) of around 8.6%.
Factors driving this growth include increasing demand for high quality biospecimens, advancements in biobanking technologies, and the growing prevalence of chronic and infectious diseases including public health emergencies. Increasing research and development activities in the field of genomics, personalized medicine, and drug discovery, have resulted in rising investments in biobanks by both public and private sectors.
nXgen specializes in advancing biobanking in healthcare research initiatives by developing, managing, and optimizing biorepositories.