Norway Biobank Market Size & Outlook, 2023-2030
Norway biobank market, 2018-2030 (US$M)
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Norway biobank market highlights
- The Norway biobank market generated a revenue of USD 388.3 million in 2023 and is expected to reach USD 582.2 million by 2030.
- The Norway market is expected to grow at a CAGR of 6% 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 388.3 million |
| Market revenue in 2030 | USD 582.2 million |
| Growth rate | 6% (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, Norway accounted for 0.5% 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 Europe, UK biobank market is projected to lead the regional market in terms of revenue in 2030.
- UK is the fastest growing regional market in Europe and is projected to reach USD 14,870.3 million by 2030.
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Biobank Market Scope
Biobank Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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 76.95% in 2023. Horizon Databook has segmented the Norway biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
The Norway biobanks market is supported by the presence of large-scale national institutions and a rising demand for professional biobanks with standardized collection & handling procedures, and distinctive quality standards.
For instance, Biobank Norway, established in 2010, is the national biobank research entity in the country. The project is coordinated by the Norwegian University of Science and Technology and is funded by the Research Council of Norway Program for Research Infrastructures.
The project also encompasses population-based as well as disease-specific clinical biobanks in the country. Institutions such as these can strengthen competitive biobanking services for applications in clinical and epidemiological research, which can drive the country’s market.
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Our clientele includes a mix of biobank market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Norway biobank market , including forecasts for subscribers. This country databook contains high-level insights into Norway biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Norway biobank market size, by product, 2018-2030 (US$M)
Norway Biobank Market Outlook Share, 2023 & 2030 (US$M)
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