Asia-Pacific Biological Sample Handling market is expected to grow at CAGR of around 9.3% during the forecast period. Asia-Pacific is estimated to be a potential market for biological sample handling due to the increasing R&D and investments by government organizations in life science research. Asia-Pacific, despite having an economic slowdown in economies such as in India; the increasing public healthcare programs is expected to propel the region’s healthcare spending. Increasing biobanks and increasing prevalence of chronic diseases, serve as the motivating factors for the growth of the market in Asia-Pacific. The growing need for quality sample and the need for personalized treatment is a key attributor for the growth of the market in Asia-Pacific.
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The Asia-Pacific biological sample handling market growth is attributed to the rising demand for the quality sample that can be used in a wide range of applications such as a clinical trial, research, and molecular epidemiology studies. The availability of high-quality bio specimens is necessary for the development of precision medicine.
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China contributes a major share in the Asia-Pacific Biological sample handling market and is expected to retain at its position by exhibiting the fastest growth in the market during the forecast period. China contributed an overall share of 43% in the Asia-Pacific biological sample handling market and was valued at $71 million in 2017 and is projected to reach $124 billion in 2023. The significant presence of biobanks along with rising investment in life science research are some of the prominent factors fueling the market growth in China. The country has a large existence of CROs, which in turn, propels the demand for biological sample handling, and especially advanced biological sample handlings, such as AI-based and automated solutions. India is projected to exhibit the fastest growth in the Asia-Pacific biological sample handling market
Asia-Pacific Biological Sample Handling Market – Segmentation
by Storage Type
- Cold Storage
- Room Temperature Storage
- Drug Discovery
- Forensic Investigation
- DNA Extraction
- Proteomics and Genomics Studies
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Asia-Pacific Biological Sample Handling Market – Segment by Region
- Rest of Asia-Pacific
- Alliance Pharma PLC
- Abbott Laboratories
- Becton, Dickinson and Co.
- Brooks Automation, Inc.
- Fisher BioServices
- ReproCELL Europe Ltd.
- Sigma-Aldrich Co. LLC.
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