(PharmaNewsWire.Com, May 29, 2017 ) As per the syndicated report published by Market Data Forecast “Europe Bio preservation” which is estimated to be USD 833 million in 2016 is poised to reach USD 1456 million by 2021, at a CAGR of 11.8% from 2016 to 2021.
Increasing healthcare expenditure and increasing demand for novel bio preservation techniques will lead the market growth. Also growing number of bio banks and stem cells preservation is contributing in growth of the market. Various government policies and funding for R&D have also fuelled growth of the market.
Bio preservation is a technique for storing and extending shelf life of food products by using natural or controlled antimicrobials. Increasing number of bio banks and increasing expenditure on healthcare is responsible for rapid growth in Bio preservation market. Lactic acid bacteria is one of the most used bio preservative in food industry.
Bio preservative market is expected to show a steady growth. Many of new bio preservation products have successful implementation of various phage preparations around the globe. Various delivery methods in food have been developed like spraying immobilization and dipping. Many biotechnology, pharmaceuticals companies and hospitals have started adopting an in-house storage for bio preservation for samples which has fueled the growth of the market.
Europe Bio preservation Market is segmented based on product type, bio-specimens, application and end-users as mentioned below for attaining a more granular perspective of the market. In the report each sub segment is provided with Market Size Estimations and Y-o-Y Forecasts.
• Bio preservation MediaNuclear Medicine. • Bio preservation 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: • Bio banks. • Gene Banks. • Hospitals. • Others
The Europe market, based on the region is segmented as United Kingdom, Germany, France, Italy and Spain. The report justifies this by offering country wise data for the EU5 countries while taking some other predominant economies into consideration as well. U.K. leads the market in this region as per the market report.
The major companies in the bio preservation 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 Corporationet. Biolife Solutions recently announced 28% growth in bio preservation sector for year 2016.
The Bio preservation Market study offers the following deliverables:
• Regional and country-level analysis that provides an innate perspective of European region and the aforementioned countries • Meticulously identifying the key areas of market growth by providing market size forecasts and y-o-y estimations at a Segment-level analysis • Explanations of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics • Study of macro and micro environmental factors that affect the European market presented in the form of PESTLE and Porter’s Five Forces Analyses • Company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview of the key market players operating in the region • 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 • Expertly devised Market Outlook - Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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