Global Biopreservation Market Is Expected To Reach
USD 9.34 Billion By 2022, according
to a new report by Grand View Research Inc. Increasing demand for novel
bio-preservation techniques and constantly rising healthcare expenditure is
expected to boost the market growth over the forecast period. Adoption of
in-house sample storage system by hospitals, biotechnology and pharmaceutical
companies is one of the critical success factors for the growth of the industry
over next seven years.
Additionally, increasing
R&D investments by various research organizations and companies to enhance
their capabilities to render efficient and effective products & services is
a high impact rendering driver expected to boost bio-preservation market
growth. Furthermore, as a consequence of technological advancements such as
introduction of virtual bio-banks, bio-preservation is witnessing increased
application in end-use hence boosting the growth of bio-preservation market.
Access Full Research Report on Bio-preservation Market: http://www.grandviewresearch.com/industry-analysis/biopreservation-market
Further key findings from the report suggest:
- Equipment dominated the overall product
segment in 2014, with the revenue share of over 80%. Key factors
attributing to its large share include rising demand of bio-banks coupled
with high cost for preservation of bio-specimens.
- Media, which encompasses pre-formulated
and home-brew media is expected to witness high growth over the forecast
period as a consequence of their wide usage in regenerative medicines.
- Bio-banking dominated was the key
application segment of bio-preservation in 2014, with lucrative market
share owing to increasing number of organ and tissue transplantations,
high patient awareness levels and rise in healthcare expenditure.
- Regenerative medicine is estimated to
grow at a rate of over 18% as a result of huge investments made by
government, and non government organizations in the field of regenerative
cell therapy research.
- Tumor cells held the largest share in
volume terms in 2014, owing to their wide applications in research &
development, diagnosis, and treatment of highly prevalent cancer.
- North America dominated the overall
industry in 2014 with over 45% revenue share majorly due to favorable
government regulations in North America which are supporting the ethical
usage and sharing of biological samples.
- Asia Pacific is expected to grow at
substantial rate during the forecast period as a consequence of high unmet
needs amongst the population in the region coupled with constantly
improving healthcare infrastructure as a result of government initiatives
such as Make In India.
- Key players of the bio-preservation
market include BioCision, Biomatrica, BioLife Solutions Inc., Chart MVE
Biomedical, LabVantage Solutions Inc., Atlanta Biologicals, Panasonic
Biomedical, Thermo Fisher Scientific Inc. and Qiagen. These companies are
involved in various developmental strategies such as mergers and
acquisitions to sustain their market share.
View More related reports from same category by Grand
View Research: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research has segmented the Global
Biopreservation Market on the basis of products, application, cell providers
and region:
Biopreservation Product Outlook (Revenue, USD Billion,
2012 - 2022)
- Equipment
·
Freezers
·
Refrigerators
·
Consumables
§
Vials
§
Straws
§
Microtiter
Plates
§
Bags
·
Liquid
Nitrogen
·
Media
·
Pre-formulated
·
Home-brew
·
Laboratory
Information Management System (LIMS)
Biopreservation Application Outlook (Revenue, USD
Billion, 2012 - 2022)
- Regenerative Medicine
- Cell therapy
- Gene therapy
- Others
- Bio-banking
- Human eggs
- Human sperms
- Veterinary IVF
- Drug Discovery
Biopreservation Cell Providers Outlook (Volume, Number of
Units, 2012 - 2022)
- CD34+
- CD19+
- MSC
- iPSC
- hESC
- Tumor Cells
- Others
Biopreservation Market Regional Outlook (Revenue, USD
Billion, 2012 - 2022)
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- Japan
- China
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
View Press Release on Global Bio-preservation Market: http://www.grandviewresearch.com/press-release/global-biopreservation-market-analysis
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.