Transparency Market Research is Published new Market Report “Biopreservation
Market (Product Types - Equipment, LIMS, and Media; Applications -
Regenerative Medicine, Biobanking, and Drug Discovery) - Global Industry
Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,"theglobal
biopreservation market was valued at USD 1.95billion in 2012 and is expected to
reach a value of USD 5.74 billion in 2019, growing at a CAGR of 16.7% from 2013
to 2019.
Extensive undertaking of biomedical research for new drugs and therapies
will be one of the major factors responsible for growth of the global
biopreservation market. Use of stem cells, tissues, plasma and DNA in the
research sector also requires adequate storage facilities to accommodate the
growing number of samples, while also maintaining their stability. Increase in
sample size will lead to rise in demand for equipment such as freezer,
refrigerator, liquid nitrogen and consumables, along with media and laboratory
information management systems (LIMS).In addition, increase in funding aimed at
boosting the capacity for sample storage by the government as well as private
institutions will expedite the introduction of new biopreservation facilities
and hence will drive growth of the overall market. Other driving factors
include rising incidences of cardiovascular, orthopedic, oncological, autoimmune
and infectious diseases, rising population awarenessand increase in the number
of individual sample contributions.
The global biopreservation market by product type was dominated by the
equipment segment with a market share of approximately 82% in 2012,on account
of thehigh cost and demand from biobanks and in-house preservation facilities
of pharmaceutical and biotechnology companies. Increase in the sample size will
also result in the need for capacity expansion and so will lead to increase in demand
for biopreservation equipment. However, the global market for biopreservation
consumables will be the fastest growing product segment. Factors such as
increased research and transnational activities will have a high demand for
biological samples, which would also increase the demand for media solutions.
The home-brew media segment held the majority share of over 72%in the total
market for biopreservation media in 2012.
The global biopreservation market by applications was dominated by the
biobanking segment with a market share of approximately 72% in 2012 on account
of thehigh demand and usage of equipment, media and LIMS in this segment.
Establishment of new biobanks during the forecast period will be one of the
major growth factors for the biobanking application segment.However, the global
regenerative medicine market for biopreservation will be the fastest growing
application segment. A factor such as high prevalence of chronic diseases such
as diabetes, rheumatoid arthritis, cardiac disorders and tumors is driving the
regenerative medicine market which will result in increased demand for
biopreservation media and equipment.
Browse
Biopreservation Market Report with Full TOC at http://www.transparencymarketresearch.com/biopreservation-market.html
North America dominated the biopreservation market in 2012 and is
expected to maintain its position till 2019. However, the Asia-Pacific market
is estimated to grow at a faster CAGR of 19.6% from 2013 to 2019, due to
increase in biobanking and research activities in the region. The European
market is expected to grow at a fairly higher rate than North America,on
account of the constantly improving infrastructure, regulatory framework and
new biobanking projects, especially in the Eastern European region.
Some of the key players in the global biopreservation market include
Thermo Fisher Scientific
Inc., VWR International LLC, BioLife Solutions Inc.,
BioCision LLC, Biomatrica Inc., Qiagen, LABVANTAGE Solutions Inc. and Panasonic
Corporation.
The global biopreservation market is categorized into the following
segments:
Biopreservation
Market, by Product Type
Equipment
- Freezers
- Refrigerators
- Liquid Nitrogen Tanks
- Consumables
Laboratory Information Management Systems(LIMS)
Media
Biopreservation
Market, by Application
- Regenerative Medicine
- Biobanking
- Drug Discovery
Biopreservation
Market, by Geography
- North America
- Europe
- Asia-Pacific
- Rest of the World (RoW)
Related
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