(PharmaNewsWire.Com, January 19, 2017 ) According to the report Biopreservation Market, published by Market Data Forecast, the global market is projected to reach USD 4.37 Billion by 2021, at a CAGR of 12.3% from 2016 to 2021.
Biopreservation is a process of storing the biological samples in an environment suitable for their survival. With the growing prevalence of chronic diseases like cancer, cardiovascular diseases, diabetes and acute respiratory diseases, Biopreservation is gaining significance. Biopreservation Market Industry Media is being increasingly used by the life sciences companies to develop tissue or cell related therapies. Many academic institutions, governments, healthcare establishments, pharmaceuticals and bio technology companies are funding biorepositories and bio banks clinical research. Increasing healthcare expenditure and rise in demand for novel bio-preservatives techniques is expected to aid the growth of the market.
The biopreservation market is driven by the rising healthcare spending, increasing demand to preserve new-borns cord cells, rising R&D expenditure on advances in regenerative market, biobanks and drug discovery. The growth of the market is also fuelled by the advancements in personalized diagnostics medicines and increased facilities in biopreservation applications. However, the market has to overcome a few restraints that is proving to be fatal to the growth of the market which include stability issues of a specimen and high costs relating to biopreservation.
The biopreservation market is segmented as follows: Based on Product Type: Biopreservation Media Biopreservation equipment Lab Information System Management Based on Bio-Specimens: Human tissue samples Organs Stem cells Other bio-specimens Based on Application: Therapeutic applications Research applications Clinical trials Other applications Based on End-User: Biobanks Gene Banks Hospitals Others
Geographical Segmentation: North America Biopreservation Market Europe Biopreservation Market Asia-Pacific Biopreservation Market Latin America Biopreservation Market Middle East & Africa Biopreservation Market
The major companies in the biopreservation industry are Sigma-Aldrich Corporation, Thermo Fisher Scientific, Inc., BioLife Solutions, Inc., VWR Corporation, BioCision LLC, Taylor-Wharton, Cesca Therapeutics Inc., Lifeline Scientific Inc., So-Low Environmental Equipment Co. and Panasonic Corporation
The Biopreservation Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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