Market Trends of North America Biobanks Industry
This section covers the major market trends shaping the North America Biobanks Market according to our research experts:
Alarm Monitoring Systems Segment is Expected to Show Better Growth in the Forecast Years
Based on Equipment, the market is segmented into cryogenic storage system, alarm monitoring systems and other equipment. Stem cell banking is considered as one of the most promising and emerging fields. The cryogenic storage systems, freezers, refrigerators, and all other storage devices in a biobank require continuous monitoring of various processes. This is effectively done only with an alarm monitoring system. Alarms are used at various stages, from filling to continuous monitoring of temperature. Hence, with advancements in technology and the rising adoption of automated storage systems, there is high demand for automated alarm monitoring devices, which is expected to fuel the market growth.
