Biopreservation Market By Product & Application, Top Manufacturers, Share, Regional Outlook & Growth Forecast 2024

Market Study Report LLC adds new research on Biopreservation market, which is a detailed analysis of this business space inclusive of the trends, competitive landscape, and the market. Encompassing one or more parameters among product analysis, application potential, and the regional growth landscape.

Growing prevalence of lifestyle disorders in developed as well as developing countries will positively impact the industry growth over the coming years. Rising incidence of organ deformities coupled with shortage of organ donors for transplantation will increase the demand for regenerative medicine. Need for appropriate storage and preservation of the biological preparations will surge the demand for biopreservation equipment thereby augmenting industry growth. However, stringent regulations pertaining to manufacturing biopreservation equipment and complications associated with required temperature maintenance may hamper the business growth during the forecast period.

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Biopreservation Market will exceed USD 9.5 billion by 2024; as per a new research report.
Increasing investment in R&D activities worldwide will drive the biopreservation market growth over the forecast period. Companies and research organizations are taking efforts to develop efficient and effective product and services for biopreservation. Increasing usage of biological laboratory specimens in various research and clinical trials should further boost the biopreservation business growth.

U.S. biopreservation market accounted for USD 1.6 billion in 2017 and will show similar trend during the forecast timeline. Technological developments in the U.S. coupled with rising adoption of regenerative medicine in disease treatment will surge the demand for biopreservation products. Moreover, high healthcare expenditure and advancement in healthcare facilities will further drive the business growth.

Media segment accounted for USD 0.5 billion in 2017 and is estimated to show significant growth over forecast period. The segment growth is accredited to increasing usage of media in biopreservation process to improve post-thaw cell viability, yield and recovery. Growing demand for biopreservation media such as pre-formulated and home-brew media should further increase segment size over the coming years.

Drug discovery segment will experience 13.5% CAGR by 2024 and segmental growth will be attributable to increasing investment in R&D activities to develop efficient treatment for chronic disease. Growing adoption of stem cell models and human tissues as experimental models for preclinical drug development will foster the demand for proper preservation and storage of these biologics thereby accelerating business growth.

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CD34+ segment accounted for 16.0% revenue share in 2017 due to its wide application in research and its ability to differentiate into various cell types. CD34+ cells from umbilical cord blood (UCB) can be used in treatment of chronic and non-healing wounds in patients with type 2 diabetes mellitus. Such benefits should augment the segmental revenue size during the forecast period.

Some of the notable competitors operating in biopreservation market include BioCision, Biomatrica, Chart MVE Biomedical, BioLife Solutions, LabVantage Solutions, Custom Biogenic Systems Atlanta Biologics, Taylor-Wharton Cryogenics, Thermo Fisher Scientific, Panasonic Biomedical, Qiagen, and VWR International. Industry players are majorly focusing on inorganic strategies such as partnership, merger, acquisition and novel product launch to strengthen their existing product portfolio and maintain market position.

Table of Content:

Chapter 1. Methodology

Chapter 2. Executive Summary

Chapter 3. Biopreservation Industry Insights

Chapter 4. Biopreservation Market, By Product

Chapter 5. Biopreservation Market, By Application

Chapter 6. Biopreservation Market, By Cell Provider

Chapter 7. Biopreservation Market, By Region

Chapter 8. Biopreservation Market Company Profiles

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Related Report:

Global Biopreservation Market Report 2019 - History, Present and Future

The global market size of Biopreservation is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024. Global Biopreservation Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Biopreservation industry. The key insights of the report:

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