Biopreservation Market Is Predicted To Grow Quickly Due To Increasing Demand For Novel Bio-preservation Techniques Till 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 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
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
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.
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