India Biobank Market Size & Outlook, 2023-2030
India biobank market, 2018-2030 (US$M)
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India biobank market highlights
- The India biobank market generated a revenue of USD 907.7 million in 2023 and is expected to reach USD 2,169.0 million by 2030.
- The India market is expected to grow at a CAGR of 13.3% from 2024 to 2030.
- In terms of segment, biobanking equipment was the largest revenue generating product in 2023.
- LIMS is the most lucrative product segment registering the fastest growth during the forecast period.
Biobank market data book summary
| Market revenue in 2023 | USD 907.7 million |
| Market revenue in 2030 | USD 2,169.0 million |
| Growth rate | 13.3% (CAGR from 2023 to 2030) |
| Largest segment | Biobanking equipment |
| Fastest growing segment | LIMS |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Biobanking Equipment, Biobanking Consumables, LIMS |
| Key market players worldwide | Thermo Fisher Scientific Inc, Merck KGaA, Qiagen NV, Booz Allen Hamilton Holding Corp Class A, Tecan Group AG, Danaher Corp, Becton Dickinson & Co, Taylor-Wharton, Charles River Laboratories International Inc, Lonza Group Ltd, STEMCELL Technologies, PromoCell GmbH |
Other key industry trends
- In terms of revenue, India accounted for 1.2% of the global biobank market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China biobank market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,169.0 million by 2030.
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Biobank Market Scope
Biobank Market Companies
| Name | Profile | # Employees | HQ | Website |
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India biobank market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to biobank market will help companies and investors design strategic landscapes.
Biobanking equipment was the largest segment with a revenue share of 77.18% in 2023. Horizon Databook has segmented the India biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
The presence of private biobanks propels biobank services in India. For instance, biobanks such as the International Institute of Innovation and Technology Bio-repository (i3tBR), JIPMER PBMC Puducherry, MCRI, and National Liver Disease Biobank, represent state-of-the-art biobanks in the country.
Furthermore, clinical biobanks are gaining popularity in the country and are supported by Indian Council for Medical Research, Department of Biotechnology, and Council for Scientific and Industrial Research. Strong support from such government bodies can significantly boost the biobank market in India over the forecast period.
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Target buyers of India biobank market databook
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Our clientele includes a mix of biobank market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the India biobank market , including forecasts for subscribers. This country databook contains high-level insights into India biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India biobank market size, by product, 2018-2030 (US$M)
India Biobank Market Outlook Share, 2023 & 2030 (US$M)
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