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.
In depth research report on 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.
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
o
U.S.
o
Canada
·
Europe
o
UK
o
Germany
·
Asia Pacific
o
Japan
o
China
·
Latin America
o
Brazil
o
Mexico
·
MEA
o
South Africa
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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, the company offers market
intelligence studies ensuring relevant and fact-based research across a range
of industries including technology, chemicals, materials, healthcare and
energy.
For more market analysis reports, please visit: http://www.grandviewresearch.com/
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