The latest report on Biopreservation Market by Infinium Global Research gives complete coverage of the Biopreservation Market by products (lab information management systems, equipment), biospecimens (organs, human tissue samples, stem cells), application (clinical trials, therapeutics, drug discovery, regenerative medicine), end-users (hospitals, gene bank) in terms of key trends, market size, forecast and CAGR growth over the period of 2019 to 2025. In addition, the study covers deep dive into key product and applications trends in the regional markets of Biopreservation such as North America, Europe, Asia-Pacific and Latin America over the short run and long run.
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Growing Demand for Cell-Based Therapy Across the Globe Promotes the Growth of the Bio-Preservative Industry
Bio-preservative is a technique for preserving cells, organs, and tissues outside the native environment. This technique is primarily used for extending the shelf life and to ensure the stability and purity of cells, organ, and tissues. Bio-preservation plays a vital role in the various clinical application which involves cell-based technology. Bio-preservation equipment such as biological freezers and refrigerators are used for proper storage and preservation specimen.
Growing demand for cell-based therapy across the globe promotes the growth of the bio-preservative market. Cryopreservation is a process that involves cooling living cells and tissues to very low temperature in order to protect it from damage. Cryopreservation plays a vital role in the delivery of cell-based therapies such as stem cell regenerative medicine, blood transfusion, fertility preservation, and lymphocyte immunotherapy. Moreover, increasing adoption of regeneration medicine due to the shortage of organ donor transplantation contributes to the growth of the bio-preservative market.
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Bio-Preservation Facilities are Creating Growth Opportunities for the Bio-Preservative Industry
A growing number of government initiatives and funding to support research activities for the development of various treatment is another key factor that escalates the growth of biopreservation market. However, higher costs required for bio-preservation instruments and its maintenance and lack of skilled personnel for handling the bio-preservation process are some factors hampering the growth of the biopreservation market. Furthermore, growth in adoption of bio-banking and development of novel preservative technologies for cells and tissue to support the transplantation of cell-based technologies is creating growth opportunities for the bio-preservative market.
North America region holds the largest share in the biopreservation market. The U.S. region is accounted to be the largest contributor in the bio-preservative market owing to the surging demand for organ transplantation. According to the U.S. Government Information on Organ Donation and Transplantation, 34,770 organ transplants were performed in 2017. Growing incidences of chronic diseases are responsible for the high demand for bio-preservation products North America region.
Europe is anticipated to be the second largest region for the biopreservation market owing to the growing number of births rate and with-it constant increase in demand for umbilical cord preservation. Asia Pacific is expected to witness the highest CAGR during the forecast period owing to a number of people are suffering from chronic disease and growing healthcare spending. Moreover, in-house bio-preservation facilities are creating growth opportunities for the bio-preservative market in the Asia Pacific region.
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- Comprehensive analysis of global as well as regional markets of the Biopreservation.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.