What is Biological Sample Handling Market Scope?
Biological sample handling is a process of collecting, storing, and processing biological samples for further study or use. Compound management and biological sample management play an important role in drug discovery and DNA extraction. In addition, the collection and storage of human biological samples support the research and development industry in the identification of diseases and promote the trend towards the provision of personalized medicines. Biological sample handling deals with various applications such as forensic investigation, the study of proteomics and genomics, and so on. The sample is stored either in cold storage or at room temperature. Growing concern for the integrity and safety of samples is the main driver for this market. The IT implementation in healthcare will support and simplify the handling of samples. There are various organizations such as the Research Infrastructure for Biobanking and Biomolecular Resources (BBMRI), the International Agency for Research on Cancer (IARC), the International Society for Biological and Ecological Repositories (ISBER), the National Cancer Institute (NCI), and the Public Population Project in Genomics (p3G), which help provide funding and alert people to regulations and guidelines for handling biological samples.
The Biological Sample Handling market study is being classified, by Application (Drug Discovery, Forensic Investigation, DNA Extraction, Proteomics and Genomics Studies and Others) and major geographies with country level break-up.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products, and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Biological Sample Handling market throughout the predicted period.
Alliance Pharma (United Kingdom), Abbott Laboratories (United States), Becton Dickinson (United States), Sigma-Aldrich (United States), BioRepository Resources, LLC (United States), Brooks Automation, Inc. (United States), Conversant Bio. (United States), Cryopoint (United States), Fisher BioServices (United States), Indivumed GmbH (Germany), Masy BioServices (United States), Sentry BioPharma Services (United States), ProteoGenex (United States), ReproCELL Europe Ltd. (United Kingdom), Tescor Inc. (United States) and Technidata (France) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are PrecisionMed (United States), ProMedDx (United States) and SciSafe (United States).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Biological Sample Handling market by Type, Application and Region.
On the basis of geography, the market of Biological Sample Handling has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
All Institutional Biosafety Committees (IBSCs) must assess the facilities available, workers, trained in handling hazardous high-risk microorganisms (RG3 and above), personal protective equipment (PPE), and waste disposal mechanisms to meet all requirements prior to commencing work. All applications for the development of vaccines, diagnostics, prophylactic and therapeutic agents are checked by RCGM and CDSCO in accordance with DBT OM No. BT / 03/27/2020-PID dated March 20, 2020, as part of the Rapid Response Regulatory Framework for COVID-19. Patient samples from suspected or confirmed cases should be shipped as UN3373, "Biological Substance Category B". Virus cultures of isolates should be transported as Category A, UN2814, “Infectious Substance Affecting Humans” and transported according to WHO Guidelines on Regulations for the Transport of Infectious Substances 2017-2018.
Influencing Market Trend
- Adoption of IT in Healthcare
- The Growing Need for Quality Sample and the Need for Personalized Treatment
- Increasing FDA Approval for Drug Discovery
Market Drivers
- The Increasing Demand for Quality Sample
- The Growing Need for Personalized, Precision and Genomic Medicine
- The Increasing Popularity of Precision/Personalized Medicine and Genetic Testing
Opportunities
- An Increase in Demand for Biospecimens from Clinical Labs to Develop Assays for Genetic Testing
- The Increasing Healthcare Expenditure
- The Increased Spending For R&D in Personalized Treatment
Restraints
- High Capital Investment for the Collection of Samples and the Storage
Challenges
- The Lack of Infrastructure for Storing and Maintaining Samples
Key Target Audience
Providers of Veterinary Care, Potential Investors, Market Research Firms, Regulatory Bodies, End-Users and Others
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