Thailand Biobank Market Size & Outlook, 2023-2030
Thailand biobank market, 2018-2030 (US$M)
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Thailand biobank market highlights
- The Thailand biobank market generated a revenue of USD 981.3 million in 2023 and is expected to reach USD 1,812.9 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.2% 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 981.3 million |
| Market revenue in 2030 | USD 1,812.9 million |
| Growth rate | 9.2% (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, Thailand accounted for 1.3% 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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Thailand 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 77.05% in 2023. Horizon Databook has segmented the Thailand biobank market based on biobanking equipment, biobanking consumables, lims covering the revenue growth of each sub-segment from 2018 to 2030.
Thailand has a robust technological infrastructure, substantial scientific capability, and strategic significance in Southeast Asia, which makes it an attractive destination for the development of the biobank industry.
The country represents a competitive destination for high-quality and affordable healthcare due to its lower healthcare costs than western countries. It offers various supportive systems, such as intellectual property protections and availability of a qualified workforce.
which can positively affect the market. The National Biobank of Thailand (NBT) aims to promote the utilization of Thailand’s rich bio resources, including the human genome.
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Target buyers of Thailand 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 Thailand biobank market , including forecasts for subscribers. This country databook contains high-level insights into Thailand biobank market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand biobank market size, by product, 2018-2030 (US$M)
Thailand Biobank Market Outlook Share, 2023 & 2030 (US$M)
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