Global Biopreservation Market to Grow at 17.3% CAGR From 2014 to 2025: Million Insights

News provided by

Million Insights

04 Sep, 2017, 10:00 GMT

FELTON, California, September 4, 2017 /PRNewswire/ --

The global biopreservation market size was estimated at $2.61 billion in 2014 and is anticipated to grow at a CAGR of 17.3% during the forecast period. Rapid growth can be attributed to the rise in healthcare expenditure which is expected to boost the market in the forecast period. Moreover, increasing R&D activities by various companies as well as research organizations funded by government initiatives in the form of grant, contacts and various other funding mechanisms have led to development of novel and innovative bio-preservation services, leading to augment the revenue growth. Growing use of bio-preservation are also supported by the rising participation of government or non-government bodies for the development of this field. For example, due to the support of the institutional and government repositories, the storage of bio-specimen has evolved to next level of advanced information from basics of patient's phenotype, extending to genetics as well as "omics" such as proteomic information.

The key segments included laboratory information management systems (LIMS), media and equipment. In 2014, the equipment segment dominated the market which includes liquid nitrogen, consumables, refrigerators and freezers, having a revenue share of more than 80%. The larger share can be attributed to the high demands pertaining to bio-banks and the extensive use and importance of the aforementioned products in bio-preservation. Media segment which includes home brewed and pre-formulated media is projected to witness a healthy growth as a consequence of the increased demands of tissues, cells and other materials in bio banking and advanced products in regenerative medicines. Furthermore, the high share and preference of home brewed media in terms of bio-storage can be attributed to its cost-efficiency and effectiveness in comparison to pre-formulated media.

Browse 97 page research report with TOC on "Biopreservation Market Size & Forecasts Report, 2014 - 2025" at: https://www.millioninsights.com/industry-reports/biopreservation-market

The major application analyzed in the study comprised of drug discovery, bio-banking and regenerative medicines. Moreover, the further segmentation of bio-banking includes veterinary IVF, human sperm and human eggs. Bio-banking segment held the largest share of 72.5% in 2014. Rising awareness related to preservation of stem cells, use of assisted technology for reproduction in animals and increasing number of sperm and egg banks are anticipated to drive the growth. Additionally, the expected rise in the revenue share of the segment can be attributed to advent of new techniques used for preservation of cells for a longer span of time.

The segment of cell providers can be analyzed on basis of tumor cells, hESC, iPSC, MSC, CD19+, and CD34+. The largest market share was held by tumor cells in terms of volume in 2014 as a consequence of their wide array of application in treatment, diagnosis and R&D of the most prevalent forms of cancer.

Key market in 2014 was the North American having a revenue share of more than 45% owing to the innovative drug developments and therapies pertaining to the biomedical research. Also, continuous rise in the population base with chronic and acute disorders requiring treatment and diagnosis in the region is further drive the revenue generation.

The key players holding a significant share of the biopreservation market include Qiagen, Thermo Fisher Scientific Inc, Panasonic Biomedical, Atlanta Biologicals, LabVantage Solutions Inc., Chart MVE Biomedical, BioLife Solutions Inc., Biomatrica and BioCision.

Browse reports of similar category available with Million Insights: 

Market Segmentation: 

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

About Million Insights: 

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive market place, that will enable you to compare data points, before you make a purchase. Enabling informed buying, is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store, includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Contact:
Ryan Manuel
Research Support Specialist, USA
Million Insights
Phone: +1-408-610-2300
Toll Free: 1-866-831-4085
Email: sales@millioninsights.com

Web: https://www.millioninsights.com/