India Biological Sample Handling market is expected to grow at CAGR of around 9.5% during the forecast period. India is one of the fastest-growing economies across the globe; and thus, contributes considerably to the biological sample handling market. There major factors driving the market growth include the increasing per capita healthcare expenditure and increasing funding in biotechnology research in the country. According to India Brand Equity Foundation (IBEF), the biotechnology industry of India was valued at $11 billion in 2016, and with intensive R&D activities and strong government initiatives, the industry is expected to reach $100 billion by 2025. The changing healthcare scenario in India is further creating opportunities for an increase in demand for drugs that are used to treat disorders related to the CVDs. The growing population in India will mark the country as high potential location for clinical trials, a low-cost manufacturing destination, and an untapped high potential market by 2050. The healthcare system in India is struggling to cater to demand the vast population of the country; however, increasing government expenditure on the healthcare system is creating opportunities for business growth in India.

The Government of India has taken some steps to promote biological sample collection techniques and have set up numbers of stem cell banks throughout the country. For instance, LifeCell, India’s first and largest stem cell bank, has been successfully operating in the country since its inception in 2004 and has gained the trust of over 3 million parents who have banked their children’s stem cells with the company. Company’s registry currently has over 25,000 qualified cord blood samples. The company further estimates that in 2022, LifeCell would have enough inventories to provide a well-matched unit to almost all of its community members and their families. Thus, this contributes to the growth of the India biological sample handling market growth during the forecast period.

Research Methodology

The market study of the India Biological Sample Handling market is incorporated by extensive primary and secondary research conducted by the research team at OMR.  Secondary research has been conducted to refine the available data to breakdown the market in various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts. Primary research brings authenticity to our reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for biological sample handling companies, storage companies, and other related companies for overall market analysis and competitive analysis. The report provides an in-depth analysis of market size, intended quality of the service preferred by consumers. The report will serve as a source for a 360-degree analysis of the market thoroughly integrating different models.

Market Segmentation

1. India Biological Sample Handling Market Research and Analysis by Storage Type
2. India Biological Sample Handling Market Research and Analysis by Application
3. India Biological Sample Handling Market Research and Analysis by Ownership

The Report Covers

• Comprehensive research methodology of the India Biological Sample Handling market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the India Biological Sample Handling market.
• Insights about market determinants which are stimulating the India Biological Sample Handling market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.