According to a new market report published by Lucintel, the future of the biopreservation market looks promising with opportunities in the hospitals, biobanks, and gene banks. the global biopreservation market is expected to grow with a CAGR of 9% from 2020 to 2025. The major drivers for this market are increasing R&D investments, advancments in biobanking, growing trend of conserving cord blood stem cells of newborns, rising investments in regenerative medicine research, and increasing demand for personalized medicine.
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Biopreservation is the use of natural or controlled microbiota or antimicrobials as a way of preserving food and extending its shelf life. In this market, media (sera) and equipment (thawing equipment, alarms, and freezers) are the major types. Lucintel forecasts that equipment will remain the largest type segment over the forecast period due to increasing demand for bio-banks, extensive usage in DNA, plasma, stem cell, and tissue research, widespread adoption, high cost efficiency, and low maintenance.
Within this market, biobanks will remain the largest end user segment over the forecast period due to growing awareness of biopreservation among researchers, increasing number of sperm and egg banks, adoption of assisted reproductive technology, collaboration of biopharmaceutical companies with national bio-banks, and tissue preservation centers at hospitals.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to consistent drug developments and advanced therapies in the field of biomedical research, rise in patient base requiring high-end treatment for chronic diseases, and high demand for biopreservation products and services.
Thermo Fisher Scientific, Merck, Avantor, ThermoGenesis, Bio-Techne Corporation, BioLife Solutions, Exact Sciences Corporation, Worthington Industries, and Chart Industries are among the major suppliers in the global biopreservation market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global biopreservation market by type, biospecimen, application, end user, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Biopreservation Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global biopreservation market by type, biospecimen, application, end user, and region as follows:
By Type [Value ($ Million) shipment analysis for 2014 – 2025]:
Media
Equipment
Thawing Equipment
Alarms
Freezers
By Biospecimen [Value ($ Million) shipment analysis for 2014 – 2025]:
Human Tissue
Stem Cells
Organs
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Therapeutics
Research
Clinical Trials
By End User [Value ($ Million) shipment analysis for 2014 – 2025]:
Hospitals
Biobanks
Gene Banks
Others
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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