Biopreservation Market Towering With Rapid Speed To Reach USD 4.48 Billion By 2022

31-Aug-2018 | Zion Market Research

Some of the major companies in biopreservation market comprise Thermo Fisher Scientific Inc., Biomatrica Inc., VWR International LLC, BioCision LLC, Panasonic Corporation, Qiagen, BioLife Solutions Inc., and Labvantage Solutions Inc. among others. These players are claimed to set new records in the global biopreservation market.

As per analysts at Zion Market Research, global requirement for biopreservation market was capitalized at almost USD 2.29 Billion in 2016, and is likely to create income of almost USD 4.48 Billion in 2022, developing at a CAGR of almost 11.8% from 2017 to 2022.

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This review is based on a report by Zion Market Research, titled “Biopreservation Market by Product (Equipment, LIMS, and Media) for (Bio-banking, Regenerative Medicine, and Drug Discovery) Application: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022” - Report at http://www.zionmarketresearch.com/report/biopreservation-market

Rising Demand For Organ Transplantation To Boost The Demand For Global Biopreservation Market In The Years To Come

“Global biopreservation market is majorly propelled by increasing usage of plasma, tissues, stem cells, and DNA for medical research,” claim analysts at Zion Market Research. Other primary catalysts for the development of biopreservation market are rising demand for organ transplantation paired along with the surfacing of biomedical research for new therapies and drugs. On the other hand, developments of technology for room temperature storage paired with economic limitations are major hurdles that might hamper the development of the biopreservation market.

Nevertheless, emerging nations all over the world are expected to reveal the new growth opportunities for biopreservation market in the years to come. In addition to this, increasing mergers and acquisitions among market players are set to boost the biopreservation market. For example, in February 2018, BioLife Solutions carried out and OEM Agreement with MilliporeSigma. Moreover, in July 2017, SynGen’s cell processing systems was acquired by Cesca Therapeutics, thereby boosting the biopreservation market.

Global-Biopreservation--Market

Asia Pacific Likely To Be The Quickest Developing Area In Biopreservation Market In The Years To Come

Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are major regions of global biopreservation market. North America is likely to remain the prominent region in the biopreservation market in the near future. Europe was second biggest area in 2016 for biopreservation market. Asia Pacific is likely to be the quickest developing area in biopreservation market in the years to come. In addition to this, Latin America is also likely to exhibit considerable development for biopreservation market in the coming years.

Bio-Banking Sector Likely To Carry On Its Dominance In The Biopreservation Market In The Forecast Period

Regenerative medicine, bio-banking, and drug discovery are the major application sectors of the global biopreservation industry. The bio-banking application sector rule the biopreservation market in terms of income. Bio-banking sector is likely to carry on its dominance in the biopreservation market over the years to come. Factors such as rising demand for stem cell storage are likely to drive the requirement for biopreservation market in the near future.

The global biopreservation market is segmented as follows:

By Product

  • Equipment
  • Refrigerators
  • Freezers
  • Liquid nitrogen
  • Consumables
  • LIMS
  • Media
  • Home-brew Media
  • Pre-formulated Media

By Application

  • Bio-banking
  • Regenerative Medicine
  • Drug Discovery

By Region

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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