Canada Clinical Trial Biorepository & Archiving Solutions Market Size & Outlook

The clinical trial biorepository & archiving solutions market in Canada is expected to reach a projected revenue of US$ 858.4 million by 2030. A compound annual growth rate of 7% is expected of Canada clinical trial biorepository & archiving solutions market from 2024 to 2030.
Revenue, 2023 (US$M)
$533.4
Forecast, 2030 (US$M)
$858.4
CAGR, 2024 - 2030
7%
Report Coverage
Canada

Canada clinical trial biorepository & archiving solutions market, 2018-2030 (US$M)

Canada

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Canada clinical trial biorepository & archiving solutions market highlights

  • The Canada clinical trial biorepository & archiving solutions market generated a revenue of USD 533.4 million in 2023 and is expected to reach USD 858.4 million by 2030.
  • The Canada market is expected to grow at a CAGR of 7% from 2024 to 2030.
  • In terms of segment, biorepository services was the largest revenue generating service in 2023.
  • Biorepository Services is the most lucrative service segment registering the fastest growth during the forecast period.


Clinical trial biorepository & archiving solutions market data book summary

Market revenue in 2023USD 533.4 million
Market revenue in 2030USD 858.4 million
Growth rate7% (CAGR from 2023 to 2030)
Largest segmentBiorepository services
Fastest growing segmentBiorepository Services
Historical data2018 - 2022
Base year2023
Forecast period2024 - 2030
Quantitative unitsRevenue in USD million
Market segmentationBiorepository Services, Archiving Solution Services
Key market players worldwideAzenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc


Other key industry trends

  • In terms of revenue, Canada accounted for 13.3% of the global clinical trial biorepository & archiving solutions market in 2023.
  • Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
  • In North America, U.S. clinical trial biorepository & archiving solutions market is projected to lead the regional market in terms of revenue in 2030.
  • U.S. is the fastest growing regional market in North America and is projected to reach USD 2,321.4 million by 2030.

Biorepository services was the largest segment with a revenue share of 66.35% in 2023. Horizon Databook has segmented the Canada clinical trial biorepository & archiving solutions market based on biorepository services, archiving solution services covering the revenue growth of each sub-segment from 2018 to 2030.


Canada has well maintained biobank facilities, which is one of the major factors boosting the demand for clinical trial biorepository & archiving solutions. The Canadian Biosample Repository (CBSR) offers processing, shipping, retrieval, and storage of biological samples on a cost recovery basis for investigators. Around 831,600 samples are stored in this facility and are tracked by using CBSR's software, Biobank

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Clinical Trial Biorepository & Archiving Solutions Market Companies

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Canada clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)

Canada Clinical Trial Biorepository & Archiving Solutions Market Outlook Share, 2023 & 2030 (US$M)

Canada clinical trial biorepository & archiving solutions market size, by service, 2018-2030 (US$M)

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