This report encompasses market estimations for the global biopreservation market for the forecast period 2013 to 2019. The market size is forecast considering 2012 as the base year and is represented in terms of USD million. The stakeholders for this report include market players in the biopreservation industry who aspire to gain further insights into this market in terms of different product types and applications. Moreover, this report can also be helpful for the new players desiring to enter the global biopreservation market.
Biopreservation involves storing of biological samples in a conducive environment to maintain cell viability until their end-use. Cells, tissues, saliva, plasma, organs other body fluids are some of the types of biological samples being preserved for various medical purposes. Biological samples are considered to be of high importance for the development of new products and treatment of chronic conditions. The market dynamics section of this report analyzes the impact of drivers, restraints and opportunities on the global biopreservation market. Rising demand for storage of biological samples coupled with increasing number of biopreservation facilities are considered some of the major driving factors in this report.
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Global Biopreservation Market Witness Most Promising Rise in Demand:
The demand within the global biopreservation market growing at a sound pace in recent times. The growing demand for improved packaging standards within the food industry has created fresh opportunities for growth within the global biopreservation market. A large population of people prefers packaged food over home-cooked options, and this has led to an increase in the number of food products hosted by the retail sector. There is little contention about the fact that the retail industry makes prudent efforts to procure the healthiest meal and food packaged. Use of microbiota and antimicrobial agents to preserve these food items has created fresh demand within the global biopreservation market.
However, the global market for consumables is expected to grow at the fastest pace owing to the consistently increasing demand for cryo vials, cryo bags, cryogenic boxes, cryo tubes, gloves and other consumables from the existing biopreservation organizations. With rapid growth in the number of new bio-banks and sample size globally, the demand for consumables will rise continuously at a rapid pace during the forecast period.
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Geographically, the global biopreservation market is categorized into four regions, North America, Europe, Asia-Pacific and Rest of the World (RoW). North America was the market leader in 2012 due to high presence of biopreservation organizations coupled with substantial amount of samples. Also, the adoption of automated processes is rapid in this region which results in high demand for LIMS. Conversely, the Asia-Pacific region is expected to grow with a faster CAGR than any other region, owing to the presence of unmet healthcare needs, high prevalence of chronic diseases and increase in funding capacity. Emerging economies such as China, India, Malaysia, Singapore, Indonesia and Brazil are expected to surpass the United States in terms of the demand for equipment and media. New biobanking projects and in-house biopreservation facilities will drive the demand for media, LIMS and equipment during the forecast period.
Key Players of Biopreservation market Report:
This report also provides a few strategic recommendations for the existing as well as new entrants in the global biopreservation market. Some of the key players of this market include Thermo Fisher Scientific Inc., VWR International LLC, BioLife Solutions Inc., BioCision LLC, Biomatrica Inc., Qiagen, LABVANTAGE Solutions Inc. and Panasonic Corporation. The presence of these market players in the global biopreservation market is explored by profiling them on various attributes such as company overview, financial overview, product portfolio, business strategies and recent developments.
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