Clinical Trial Biorepository & Archiving Solutions Market size is expected to reach USD 6.0 billion by 2028
Clinical Trial Biorepository & Archiving Solutions Industry Overview The global clinical trial biorepository and archiving solutions market size was valued at USD 3.1 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 8.2% from 2021 to 2028. This is largely attributed due to the growing areas of personalized, precision, and genomic medicine, increase in R&D investments, rising availability of low-cost computers, and a drive to simplify data collection and reporting by using software like LIMS for the management of samples in laboratories. An increasing number of companies are outsourcing storage and cold-chain operations to free up resources for pharmaceutical development. Maintaining pace with growing storage and transportation technology, global regulatory requirements, and current bio storage trends can cost time and effort. Smaller pharmaceutical companies avoid the costs of managing cold-chain resources, tracking and ...