Corporate Banner
Satellite Banner
Informatics
Scientific Community
 
Become a Member | Sign in
Home>News>This Article
  News
Return

Frost & Sullivan gives an overview of the Global Automated Biobanking market

Published: Friday, May 11, 2012
Last Updated: Friday, May 11, 2012
Bookmark and Share
Robotics to aid and drive long term vision of truly personalised medicine

Given the increasing demand for long-term storage of clinical samples, compound stores are becoming increasingly important. Same is the case with automated liquid handling units that can perform blood fractionation, sample preparation, capping and decapping of vials, automated pipetting and sample transfers with the help of robotic arms.

The Laboratory Information Management System (LIMS) and the consumable sector are continuously evolving to allow integration of various workflow processes such as tracking of samples, customer billing, online sample request and centralized web accessible data.

The global automation market for biobanking applications accounted for $818 million in 2011, growing at a CAGR of 8.2 percent. By 2018 it is estimated to reach $1,415.5 million. Europe and North America are the biggest contributors, representing respectively 41 % and 40 % of the revenue generated.

In terms of segments, automated liquid handling and robotics account for 59.3 % followed by Automated Compound Storage & Sample Management Systems with 16.3%, Consumables with 12.8% and LIMS with 11.6%. Each year, around 100 million samples are being added to the biobanks worldwide.

"Adoption of automation in biobanks has bestowed key benefits such as ease of error handling, preserving sample integrity, labour maintenance, energy cost savings," says Ms Divyaa Ravishankar, Senior Research Analyst at Frost & Sullivan.

While increased LIMS capabilities and increased growth in Europe and Asia are some of the opportunities, the Industry still faces some challenges, such as funding and financial maintenance of public biobanking infrastructure and automation in the area of ultra-low cold sample storage and retrieval systems.

"The biobanking equipment market requires continuous improvements in automation, prompting manufacturers to provide open automation products, concludes Ms Divyaa Ravishankar. "As cost increases, biobanks look for flexibility in their automation solutions that will connect with numerous competing instrument platforms thus offering more testing that biobanks require in the long run."

Frost & Sullivan recently organised an on-demand analyst briefing entitled "Automated Biobanking - The Next Big Leap for Biorepositories." The web-conference summarises Ms Ravishankar's findings, looking at the growth of automation within the biobanking sector, identifying the drivers and restraints pertaining to automating biobanks and defining the organisational challenges impeding the uptake of automation.

This web-conference will benefit component manufacturers, distributors, biobanking integration software vendors who are currently supplying tools to automate liquid/sample handling, compound storage and LIMS solutions for biobanks. Understanding the interest of the biobank is crucial to tailor solutions that will help the penetration of their technology.


Further Information
Access to this exclusive content is for Technology Networks Premium members only.

Join Technology Networks Premium for free access to:

  • Exclusive articles
  • Presentations from international conferences
  • Over 2,500+ scientific posters on ePosters
  • More than 3,800+ scientific videos on LabTube
  • 35 community eNewsletters


Sign In



Forgotten your details? Click Here
If you are not a member you can join here

*Please note: By logging into TechnologyNetworks.com you agree to accept the use of cookies. To find out more about the cookies we use and how to delete them, see our privacy policy.

Related Content

Gene Expression Profiling Drives Personalized Medicine Worldwide
Large amounts of information generated by gene expression profiling will increase implementation of data management tools.
Tuesday, June 10, 2014
Next Generation Sequencing Bioinformatics Heats up: Nearing $1000 Genome Sparks Soaring Data Output
Frost & Sullivan: Healthcare innovation hinges on managing escalating amounts of data priming to more than triple the market.
Wednesday, November 13, 2013
Frost & Sullivan: Finding Healthcare's 'Holy Grail'
Faced with escalating treatment costs and pressure to be affordable while searching for efficiency and better quality, hospitals are turning towards Health IT (HIT) for assistance where patient care is no longer the sole responsibility of doctors and nurses alone.
Friday, July 09, 2010
Scientific News
Changing the Biological Data Visualisation World
Scientists at TGAC, alongside European partners, have created a cutting-edge, open source community for the life sciences.
Searching Big Data Faster
Theoretical analysis could expand applications of accelerated searching in biology, other fields.
Imaging Software Could Speed Breast Cancer Diagnosis
Technology could improve access to diagnostic services in developing countries.
Data Mining DNA For Polycystic Ovary Syndrome Genes
A new Northwestern Medicine genome-wide association study of PCOS – the first of its kind to focus on women of European ancestry – has provided important new insights into the underlying biology of the disorder.
Firefly Protein Enables Visualization of Roots in Soil
A new imaging tool from a team led by Carnegie’s José Dinneny allows researchers to study the dynamic growth of root systems in soil, and to uncover the molecular signaling pathways that control such growth.
UEA Research Could Help Build Computers From DNA
New research from the University of East Anglia could one day help build computers from DNA.
Viral Comparisons
ORNL team applies genomics expertise to analyze, map virus sequence database.
Preserving Fleeting Digital Information with DNA
A team has demonstrated that DNA they encapsulated can preserve information for at least 2,000 years, and they’re now working on a filing system to make it easier to navigate.
TGAC Leads Development to Diminish Threat to Vietnam’s Most Important Crop
Advanced bioinformatics capabilities for next-generation rice genomics in Vietnam to aid precision breeding.
Mass Extinctions Can Accelerate Evolution
A computer science team at The University of Texas at Austin has found that robots evolve more quickly and efficiently after a virtual mass extinction modeled after real-life disasters such as the one that killed off the dinosaurs.
Scroll Up
Scroll Down
SELECTBIO

Skyscraper Banner
Go to LabTube
Go to eposters
 
Access to the latest scientific news
Exclusive articles
Upload and share your posters on ePosters
Latest presentations and webinars
View a library of 1,800+ scientific and medical posters
2,500+ scientific and medical posters
A library of 2,500+ scientific videos on LabTube
3,800+ scientific videos
Close
Premium CrownJOIN TECHNOLOGY NETWORKS PREMIUM FREE!