DNA & RNA Banking Services Market Size, Share, Industry Analysis, Trends, Growth, Forecasts, 2032

 

DNA & RNA Banking Services Market

The global DNA & RNA banking services market is experiencing steady growth, with an expected Compound Annual Growth Rate (CAGR) of approximately 5.4% from 2022 to 2029. The market is projected to grow from $6.41 billion in 2021 to about $9.76 billion by 2029. This growth is driven by increasing demand for personalized medicine, drug discovery, and clinical diagnostics, especially in the context of rising cancer prevalence and the expansion of research in genomics and biobanking​.

DNA & RNA Banking Services Market

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Key services in this market include storage, processing, transportation, quality control, and data management. Blood samples are the most widely used specimen type, due to their ease of collection and relevance in both routine lab tests and cancer research. Additionally, buccal swabs and hair follicles are gaining traction, particularly in forensic studies.

North America holds the largest market share, attributed to its well-established biobank networks and governmental support for research. However, the Asia-Pacific region is expected to witness the highest growth rate, driven by increasing investments in biotechnology and healthcare.

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Key players in the market include DNA Genotek, 23andMe, Thermo Fisher Scientific, and Brooks Life Sciences, among others.

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