Biopreservation Market Is Expected To Reach $9.34 Billion By 2022: Grand View Research, Inc.
The 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.
Browse full research report on Global Biopreservation 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.
Browse more reports of this category by Grand View
Research:
http://www.grandviewresearch.com/industry/biotechnology
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
Access press release of this research
report by Grand View Research: 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.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
For more information:
www.grandviewresearch.com
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