Canada biobanks market is bound to
experience impressive growth with an anticipated CAGR in the forecast period,
2022-2026, on account of increased research and technological advancement in
genomic studies. Moreover, the global companies are actively investing in the
healthcare research in Canada, and along with the government initiatives and
private funding in the Canada biobanks market, which is anticipated to register
a robust growth in the upcoming five years. Rapidly increasing research
institutes, and inclination of the students and researchers towards various
genomic studies is also driving the growth of the Canada biobanks market. Additionally,
advancements in the biobanking and growing trend of conserving cord blood stem
cells of newborns for future applications of stem cell therapies is also
influencing the growth of the Canada biobanks market in the future five years.
Development of precision medicine, genomic drugs, etc. is also supporting the
growth of the Canada biobanks market. Furthermore, growing need for
cost-effective drug discovery and development of the same is further aiding the
growth of the Canada biobanks market in the forecast years, until 2026.
Although, factors like high cost of automation of the biobanks and concerned
issues related to procurement of biospecimen samples may affect the market or
put a mild restraint on the future growth of the Canada biobanks market.
Biobanks are the storage units for the
wide-range repositories that are responsible for the collection, storage and
distribution of human samples like blood, cells, plasma, serum, urine, tissues,
etc. Integration of advanced technologies, data analytics, and automation
supports the maintenance of the biobanks. Some of the biobanks also keep
records of the personal and health information of the patients like genetic
information, health records, family histories, and lifestyle history. The
information is helpful in predicting diseases and other biological and genetic
The Canada biobanks market is segmented
by type, ownership, product, specimen type, application, end user,
competitional landscape, and regional distribution. Based on type, the market
is further segmented into population based biobanks, disease oriented biobanks,
tissue biobanks, and others. Disease oriented biobanks are anticipated to hold
the largest revenue share of the market and assert their dominance over the
market in the upcoming five years on account of surging count of chronic
diseases, neural diseases and genetic diseases. Moreover, rapidly increasing
studies based on the cure for various diseases as well as to understand the new
diseases, communicable or non-communicable is also expected to drive the growth
of the Canada biobanks market in the next five years.
A partial list of market players in the Canada
biobanks market includes Applied Biobanking Solutions Inc., BC Children’s
Hospital Biobank, McCain GU BioBank, Alberta Cancer Research Biobank, Biobank
at Montreal Heart Institute, CHU Dumont Biobank, Pfeffer Lab Biobank, Research
Centre for Women’s and Infants’ Health (RCWIH) BioBank, Maternal-Infant
Research on Environmental Chemicals (MIREC), Canadian Biosample Repository, CARTaGENE
biobank, among others. These market players hold larger shares in the market
than the new market players. With the evolving technology, it is appropriate to
say that the effective research and development of the technologically advanced
instruments and methods to satisfy consumer demands would support the market
growth and benefit the market players as well as the consumers. New market
players may focus on the research and development to provide such products that
satisfies the consumer demand as well as benefits the market players in building
their brand value. Other competitive strategies include mergers &
acquisitions and new product developments.
Years considered for this report:
Historical Years: 2016 – 2019
Base Year: 2020
Estimated Year: 2021E
Forecast Period: 2022F – 2026F
Objective of the Study:
analyze the historical growth in the
market size of Canada biobanks market from 2016 to 2020.
estimate and forecast the market size of Canada biobanks market from 2021
to 2026 and growth rate until 2026.
- To classify and
forecast Canada biobanks market based on type, ownership, product,
specimen type, application, end user, competitional landscape, and
- To identify dominant region or segment in the Canada biobanks market.
identify drivers and challenges for Canada biobanks market.
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Canada biobanks market.
- To identify and analyze the profile
of leading players operating in Canada biobanks market.
- To identify key sustainable strategies adopted by market players in
Canada biobanks market.
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TechSci Research performed both primary as well as exhaustive
secondary research for this study. Initially, TechSci Research sourced a list
of manufacturers, suppliers, and distributors across the country. Subsequently,
TechSci Research conducted primary research surveys with the identified
companies. While interviewing, the respondents were also enquired about their
competitors. Through this technique, TechSci Research could include the manufacturers
which could not be identified due to the limitations of secondary research. TechSci
Research analyzed the manufacturers, distribution channels and presence of all
major players across the country.
TechSci Research calculated the market size of Canada biobanks market using a bottom-up approach, wherein data for various
end-user segments was recorded and forecast for the future years. TechSci
Research sourced these values from the industry experts and company
representatives and externally validated through analyzing historical data of
these product types and applications for getting an appropriate, overall market
size. Various secondary sources such as company websites, news articles, press
releases, company annual reports, investor presentations and financial reports
were also studied by TechSci Research.
- Biobanks manufacturers, end users, and other stakeholders
- Organizations, forums, and alliances related to biobanks
- Market research and consulting firms
The study is useful in providing answers to several critical
questions that are important for the industry stakeholders such as manufacturers,
suppliers, end users, etc., besides allowing them in strategizing investments
and capitalizing on market opportunities.
In this report, Canada biobanks market has been segmented into following categories, in
addition to the industry trends which have also been detailed below:
- Canada Biobanks Market, By Type:
o Population Based Biobanks
o Disease Oriented Biobanks
o Tissue Biobanks
- Canada Biobanks Market, By Ownership:
- Academic & Research Institutes
- Pharmaceutical & Biotechnology Industries
- Non-Profit Organizations
- Canada Biobanks Market, By Product:
- Equipment & Consumables
- Software & Services
- Canada Biobanks Market, By Specimen
- Blood Products
- Solid Tissue
- Cell Lines
- Nucleic Acid
- Canada Biobanks Market, By Application:
- Drug Discovery
- Clinical Research
- Clinical Diagnostics
- Canada Biobanks Market, By End User:
- Academic & Research Institutes
- Pharma & Biotech Companies
- Hospitals & Clinics
- Canada Biobanks Market, By Region:
- British Columbia
- Saskatchewan and Manitoba
- Rest of Canada
analysis of the major companies present in Canada biobanks market.
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Canada Biobanks Market is
an upcoming report to be released soon. If you wish an early delivery of this
report or want to confirm the date of release, please contact us at [email protected]
- Detailed analysis and profiling of
additional market players (up to five).