The
global industry report "Biopreservation Market Size By Product
(Equipment, Media, Laboratory Information Management System), By Application
(Regenerative Medicine, Biobanking, Drug Discovery), Industry Analysis Report,
Regional Outlook (U.S., Canada, UK, Germany, Japan, China, Brazil, Mexico,
South Africa), Growth Potential, Price Trends, Competitive Market Share &
Forecast, 2016 – 2024" by
Global Market Insights, Inc. says Biopreservation market is slated to record a
double-digit annual growth rate of 13.4% over 2016-2024, with a projected
revenue of USD 9.7 billion by 2024.
Integration
of modern technologies in food processing to maintain the microbiological food
safety standards is pushing biopreservation market globally. The market has
been gaining a remarkable traction in the recent years as biopreservation
defines an ecological approach that improves the safety and shelf life of the
foods. Increasing consumption of precooked foods that are prone to temperature
abuse has led to an increase in food related diseases across the world.
Statistics depict that morbidity due to foodborne diseases accounts for a major
portion. Not only lifestyle diseases, chronic illnesses like cancer,
cardiovascular disease, hypertension has opened up new opportunities for
biopreservation market growth. Heightening expenditures on medical services,
increasing consumers’ disposable incomes, and the growing demand for
regenerative medicines have significantly favored the overall biopreservation
industry expansion.
The
favorable initiations by the government bodies in the form of funds, grants,
and financial assistance have significantly accelerated research activities in
the health care sector. Growing number of biobanks across the world for the
preservation of DNA, stem cells, plasma, and tissue along with the increased
acceptance of ART (assisted reproductive technology) is further complementing biopreservation
market dynamics. The overall industry share from bio banking dominated the
application landscape in 2015 and is anticipated to continue its prominence
over 2016-2024. The combined efforts by the renowned regulatory bodies
including WHO, FDA, and ISBER for promoting bio preservative facilities have
further provided a major impetus to the biopreservation market.
Browse
key industry insights spread across 105 pages with 50 market data tables &
6 figures & charts from this 2017 report Biopreservation Market in detail along with the table of contents
at:
Asia Pacific market will chart a profitable
roadmap from the bio banking sector. Increasing incidence of chronic diseases,
spreading awareness about preservation of umbilical cord cells, and the unmet
health care needs are the major driving factors thriving the regional
biopreservation market. The region’s encouraging projects on biopreservation
and bio banking are quite commendable. Some of the prominent organizations who
are involved in these programs include Korea Bio-bank Project, Asian Cancer
Research Group, China Kadoorie Bio-bank, International Cancer Genome
Consortium, and Asian Pharmacoepidemiology Network. With China and India at the
growth front, APAC biopreservation market is expected to witness appreciable
growth in the coming time frame. U.S. biopreservation
industry is also estimated to attain substantial revenue over the years ahead,
having had a dominant position in the global landscape in 2015.
Considering the product landscape,
biopreservation equipment market led the industry in 2015, by accounting for
almost 80% of the overall share. Growing deployment of biopreservation
equipment in health care laboratories and research centers are the factors that
can be given the credit for the market expansion. Other products of the market
which represents a significant share encompass LIMS (laboratory information
management system) and media. Biopreservation media market will also experience
steady gains owing to the technical interference in tissue engineering and
regenerative medicine. Overall biopreservation market from regenerative
medicine is expected to record the highest growth over the coming seven years.
Mergers and acquisitions and product
renovations are the major strategies adopted by the market players to sustain
their position in the market. However, lack of proper regulations and funding
with respect to medical data export in some of the geographies is hampering the
market penetration in those regions. Nonetheless, the legislations pertaining
to this market imposed by some of the renowned organizations like FDA will help
biopreservation market to attain a remarkable valuation in the years ahead.
Prominent biopreservation industry
participants include Thermo Fisher, Atlanta Biologicals, Lifeline Scientific,
VWR International, and Biolife Solutions.
Biomedical Refrigerators And Freezers
Market Size By Product (Plasma Freezers, Blood Bank
Refrigerators, Lab Refrigerators, Lab Freezers, Ultra Low Temperature Freezers,
Shock Freezers), By End use (Blood Banks, Pharmacies, Hospitals, Research Labs,
Diagnostic Centers), Industry Analysis Report, Regional Outlook (U.S, Canada,
Germany, UK, France, Spain, Italy, Russia, Ukraine, Poland, China, Japan,
India, Australia, Malaysia, Indonesia, Thailand, Brazil, Mexico, Argentina,
South Africa, UAE, Saudi Arabia, Qatar, Kuwait, Egypt), Application Potential,
Price Trends, Competitive Market Share & Forecast, 2016 – 2024
Biotechnology Market Size By
Technology (Fermentation, Tissue Engineering and Regeneration, PCR Technology,
Nanobiotechnology, Chromatograpgy, DNA Sequencing, Cell Based Assay), By
Application (Biopharmacy, Bioservices, Bioagriculture, Bioindustrial), Industry
Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, China,
India, Japan, South Korea, Brazil, Saudi Arabia), Growth Potential, Price
Trends, Competitive Market Share & Forecast, 2016 – 2024
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