Market revenue in 2023 | USD 1,445.5 million |
Market revenue in 2030 | USD 2,315.1 million |
Growth rate | 7% (CAGR from 2023 to 2030) |
Largest segment | Biorepository services |
Fastest growing segment | Biorepository Services |
Historical data covered | 2018 - 2022 |
Base year for estimation | 2023 |
Forecast period covered | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Biorepository Services, Archiving Solution Services |
Key market players worldwide | Azenta Inc, Thermo Fisher Scientific Inc, Precision for Medicine, Medpace Holdings Inc, Labcorp Drug Development, ATCC, Q2 Solutions, LabConnect, Charles River Laboratories International Inc |
Biorepository services was the largest segment with a revenue share of 66.35% in 2023. Horizon Databook has segmented the Europe 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.
Europe is one of the leading markets for clinical trial biorepository & archiving solutions owing to advancements in technology, increasing number of clinical trials in this region, and presence of key players offering clinical trial biorepository & archiving solutions. For instance, in November 2020, Avantor established a new biorepository facility in Europe to meet the rising demand for clinical trial sample storage and research.
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