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
·
U.S.
·
Canada
·
Europe
·
UK
·
Germany
·
Asia Pacific
·
Japan
·
China
·
Latin America
·
Brazil
·
Mexico
·
MEA
·
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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