Press release
Biopreservation Market Analysis & Technological Innovation by Leading Key Players - Qiagen, Biolife Solutions, Thermo Fisher, Cesca therapeutics, Atlanta Biologicals, Lifeline Scientific, LabVantage Solutions, VWR International & more
Biopreservation
MarketStudyReport.com offers report on global Biopreservation market that evaluates industry growth trends through historical data and estimates future prospects based on comprehensive research. The report extensively provides the market share, growth, trends and forecasts for the period 2016-2024.
Biopreservation Market size will reach to USD 9.7 billion by 2024. Growing number of biobanks for preservation of stem cells and improved acceptance of assisted reproductive technology (ART) will drive global biopreservation market growth. The trend of people suffering from lifestyle diseases will further stimulate industry expansion.
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U.S. biopreservation market share dominates the industry with USD 1.26 billion in 2015 due to increased demand for diagnosis of chronic diseases, government regulations supporting ethical usage of biological samples and development of novel drugs and therapies in healthcare research.
Asia Pacific, with Japan and China biopreservation market size, was USD 564 million in 2015 is set to growth with 15.6% CAGR primarily due to increasing healthcare expenditure and rising chronic illness.
Major industry players are Qiagen, Biolife Solutions, Thermo Fisher, Cesca therapeutics, Atlanta Biologicals, Lifeline Scientific, LabVantage Solutions and VWR International. Thermo Fisher Scientific and BioCision were leading industry participants in 2015 due to their wide regional presence and broad product portfolio particularly relating to media, freezers, refrigerators and consumables.
APAC will witness a sustainable growth due to increasing prevalence of chronic illness, unmet healthcare needs and growing awareness regarding preservation of umbilical cord cells. Increasing population base and rising investments in healthcare research will open up great market size expansion opportunities.
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Soaring expenditures on medical goods and services, growing disposable income and rising demand for regenerative medicines will also fuel biopreservation market size expansion over the forecast timeframe. Several government initiatives in the form of grants, funds, contracts and other funding systems have accelerated R&D in healthcare. Rapid economic development across the globe will also assist industry expansion. However, lack of stringent laws and ethics will be a major challenge for business growth.
Table of Content:
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. Biopreservation Industry Insights
Chapter 4 Biopreservation Market Insights, By Product
Chapter 5. Biopreservation Market Insights, By Application
Chapter 6. Biopreservation Cell Providers Insights
Chapter 7. Biopreservation Regional Insights
Chapter 6. Company Profiles
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Outer scope of this Report: The biobanking sector has widely benefited from the growing awareness regarding importance of storing umbilical cord cells and blood. The cord tissue is abundant in Mesenchymal stem cells (MSCs) and according to reports, more than 300 clinical trials are being conducted globally to apply MSCs in the treatment of chronic diseases, as well as cerebral palsy, diabetes and autism. Future Health Biobank is an example of a service that stores umbilical cord cells to ensure that the tissues are available for use when the treatments can be offered. Banking of cord blood is done so that it can be stored and later used by a member of the public who needs a medical treatment and is a genetic match. As of 2015, claims BioInformant, there were about 500 umbilical cord blood banks worldwide and over 35,000 cord blood transplantations had been performed. Biobanking is slated to experience tremendous expansion with advancement of cryogenic storage technologies as well.
Related Report:
United States Biopreservation Market Report 2017
In this report, the United States Biopreservation market is valued at USD XX million in 2016 and is expected to reach USD XX million by the end of 2022, growing at a CAGR of XX% between 2016 and 2022.
https://www.marketstudyreport.com/reports/united-states-biopreservation-market-report-2017/?utm_source=RR-PSR
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