LONDON – 18 December 2012 – Every year, nearly 100 million samples are added to biobanks worldwide. Over 1500 bio repositories exist today and efforts are underway to automate the various sample handling and compound storage processes involved in biobanking. The increased focus on preservation of sample integrity and biobanking efficiency is creating considerable growth opportunities for automated solutions.
New analysis from Frost & Sullivan (http://www.healthcare.frost.com), Global Biobanking Automation Market, finds that the market earned revenues of $818 million in 2011 and estimates this to reach $1.4 billion in 2018. The research covers automated liquid handling systems and robotics, automated compound storage and sample management systems, laboratory information management systems (LIMS) and consumables.
“New disease-based biobank projects in Europe and the United States, that focus on finding a cure for diseases, offer tremendous potential for automation,” notes Senior Research Analyst Divyaa Ravishankar. “As patient population samples surge, automated storage units have now been developed that improve biobanks’ capacity to cater to a larger number of samples.”
Automating certain procedures within the biobanking workflow offers biorepositories with vital technical and cost benefits. The prospects for greater automation within biobanks are being promoted by LIMS.
“Advances in LIMS have led to newer models such as virtual biobanks and centralised databank models which provide a platform for universities, biotechnology and pharmaceutical firms to collaborate,” remarks Ravishankar. “This will facilitate the availability of information to any researcher at any point of the R&D process.”
A key technological challenge at present stems from the fact that no two biobanks operate in a similar way. As a result, there can be no comparison of research results obtained from two different biobanks. The quality, extent and type of clinical information collected with the specimens also vary from repository to repository.
A diverse and technologically sound portfolio will be necessary to support the greater use of automation in biomarker applications. Strategic alliances and partnerships with technology leaders, academic biobanks and small regional participants will further aid market development.
“Most regional participants have modular systems and a well-established distribution chain,” concluded Ravishankar. “Global participants, providing multi-component systems, could form strategic partnerships with these companies to leverage their distribution chain.”
If you are interested in more information on this study, please send an email with your contact details to Anna Zanchi, Corporate Communications, at firstname.lastname@example.org.
Global Biobanking Automation Market is part of the Life Sciences Growth Partnership Service programme, which also includes research in the following markets: Western European In Vitro Diagnostics (IVD) Market and European Molecular Diagnostics Markets. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.
About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, works in collaboration with clients to leverage visionary innovation that addresses the global challenges and related growth opportunities that will make or break today's market participants.
Our “Growth Partnership” supports clients by addressing these opportunities and incorporating two key elements driving visionary innovation: The Integrated Value Proposition and The Partnership Infrastructure.
The Integrated Value Proposition provides support to our clients throughout all phases of their journey to visionary innovation including: research, analysis, strategy, vision, innovation and implementation.
The Partnership Infrastructure is entirely unique as it constructs the foundation upon which visionary innovation becomes possible. This includes our 360 degree research, comprehensive industry coverage, career best practices as well as our global footprint of more than 40 offices.
For more than 50 years, we have been developing growth strategies for the global 1000, emerging businesses, the public sector and the investment community. Is your organisation prepared for the next profound wave of industry convergence, disruptive technologies, increasing competitive intensity, Mega Trends, breakthrough best practices, changing customer dynamics and emerging economies?