Global Biopreservation Market is expected to increase by USD 5620 Million during the forecast period 2018-2023.
Biopreservation Market By Type, By Bio-specimens, By Application, By End-user (biobanks, Gene Banks, Hospitals And Others) And By Region - Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018–2023)
(EMAILWIRE.COM, August 09, 2018 ) Market Overview:
In the year 2018, Global Biopreservation Market was valued at USD 3060 Million. By the year 2023, it is expected to reach USD 5620 Million at pace of 12.94% CAGR.
Biopreservation is a process used in the preservation of the tissues, organs and cells in medical industry. This technique is mainly used to increases the shelf life, ensures stability, and purity of tissue or cell-related therapies. Biopreservation process is also used in food preservation which holds the food for long period of time with the help of equipments like refrigerators, liquid nitrogen, freezers and other devices. Biobanking is a type of biopreservation that is widely used in medical research like genomics research and drug discovery.
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Factors affecting market growth:
• Increasing Advancements in Research and Development activities. (+)
• Implementation of In-House Sample Storage in Hospitals, Labs, and diagnostic centers. (+)
• Improving Healthcare Expenditure. (+)
• Increasing of investments in Biobanks and drug discovery activities. (+)
• Rising of aging population. (+)
• Increasing of chronic diseases like cancer, cardiovascular, tumor, and other infections. (+)
• Introduction of new automated systems and software tools for the improvement of storage, and management in the Biobanks. (+)
• Maintenance cost is high in advanced bio preservation equipments. (-)
• Tissue injury during biopreservation. (-)
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Market Segmentation
The Global Biopreservation Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market for global biopreservation market due to increasing of chronic diseases, rapid development of new drugs, government regulations supporting ethical usage of biological samples and introduction of advanced technology in the healthcare services.
Asia-Pacific region is rapidly growing in the biopreservation market due to rising number of aging population suffering from chronic diseases, increasing government investments in R&D activities which are expected to increase the market share for global biopreservation market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/biopreservation-market-1008/
Key players:
Leading companies for Global biopreservation market are Sigma-Aldrich Corporation, BioCision LLC, VWR Corporation, BioLife Solutions, Inc., Thermo Fisher Scientific, Inc., Cesca Therapeutics Inc., Panasonic Corporation, Lifeline Scientific Inc.Taylor-Wharton, and So-Low Environmental Equipment Co.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
In the year 2018, Global Biopreservation Market was valued at USD 3060 Million. By the year 2023, it is expected to reach USD 5620 Million at pace of 12.94% CAGR.
Biopreservation is a process used in the preservation of the tissues, organs and cells in medical industry. This technique is mainly used to increases the shelf life, ensures stability, and purity of tissue or cell-related therapies. Biopreservation process is also used in food preservation which holds the food for long period of time with the help of equipments like refrigerators, liquid nitrogen, freezers and other devices. Biobanking is a type of biopreservation that is widely used in medical research like genomics research and drug discovery.
Request Report Sample: https://www.marketdataforecast.com/market-reports/biopreservation-market-1008/request-sample
Factors affecting market growth:
• Increasing Advancements in Research and Development activities. (+)
• Implementation of In-House Sample Storage in Hospitals, Labs, and diagnostic centers. (+)
• Improving Healthcare Expenditure. (+)
• Increasing of investments in Biobanks and drug discovery activities. (+)
• Rising of aging population. (+)
• Increasing of chronic diseases like cancer, cardiovascular, tumor, and other infections. (+)
• Introduction of new automated systems and software tools for the improvement of storage, and management in the Biobanks. (+)
• Maintenance cost is high in advanced bio preservation equipments. (-)
• Tissue injury during biopreservation. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/biopreservation-market-1008/customize-report
Market Segmentation
The Global Biopreservation Market is geographically segmented into
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
North America holds the largest market for global biopreservation market due to increasing of chronic diseases, rapid development of new drugs, government regulations supporting ethical usage of biological samples and introduction of advanced technology in the healthcare services.
Asia-Pacific region is rapidly growing in the biopreservation market due to rising number of aging population suffering from chronic diseases, increasing government investments in R&D activities which are expected to increase the market share for global biopreservation market during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/biopreservation-market-1008/
Key players:
Leading companies for Global biopreservation market are Sigma-Aldrich Corporation, BioCision LLC, VWR Corporation, BioLife Solutions, Inc., Thermo Fisher Scientific, Inc., Cesca Therapeutics Inc., Panasonic Corporation, Lifeline Scientific Inc.Taylor-Wharton, and So-Low Environmental Equipment Co.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results