Press release
Biopreservation Market Top Key Players: Thermo Fisher Scientific Inc., Qiagen, Panasonic Corporation
As per analysts at Zion Market Research, global requirement for biopreservation market was capitalized at almost USD 2.29 Billion in 2016, and is likely to create income of almost USD 4.48 Billion in 2022, developing at a CAGR of almost 11.8% from 2017 to 2022.
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Rising Demand For Organ Transplantation To Boost The Demand For Global Biopreservation Market In The Years To Come
“Global biopreservation market is majorly propelled by increasing usage of plasma, tissues, stem cells, and DNA for medical research,” claim analysts at Zion Market Research. Other primary catalysts for the development of biopreservation market are rising demand for organ transplantation paired along with the surfacing of biomedical research for new therapies and drugs. On the other hand, developments of technology for room temperature storage paired with economic limitations are major hurdles that might hamper the development of the biopreservation market.
Nevertheless, emerging nations all over the world are expected to reveal the new growth opportunities for biopreservation market in the years to come. In addition to this, increasing mergers and acquisitions among market players are set to boost the biopreservation market. For example, in February 2018, BioLife Solutions carried out and OEM Agreement with MilliporeSigma. Moreover, in July 2017, SynGen’s cell processing systems was acquired by Cesca Therapeutics, thereby boosting the biopreservation market.
Asia Pacific Likely To Be The Quickest Developing Area In Biopreservation Market In The Years To Come
Europe, North America, Latin America, Asia Pacific, and Middle East & Africa are major regions of global biopreservation market. North America is likely to remain the prominent region in the biopreservation market in the near future. Europe was second biggest area in 2016 for biopreservation market. Asia Pacific is likely to be the quickest developing area in biopreservation market in the years to come. In addition to this, Latin America is also likely to exhibit considerable development for biopreservation market in the coming years.
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Bio-Banking Sector Likely To Carry On Its Dominance In The Biopreservation Market In The Forecast Period
Regenerative medicine, bio-banking, and drug discovery are the major application sectors of the global biopreservation industry. The bio-banking application sector rule the biopreservation market in terms of income. Bio-banking sector is likely to carry on its dominance in the biopreservation market over the years to come. Factors such as rising demand for stem cell storage are likely to drive the requirement for biopreservation market in the near future.
The global biopreservation market is segmented as follows:
By Product
Equipment
Refrigerators
Freezers
Liquid nitrogen
Consumables
LIMS
Media
Home-brew Media
Pre-formulated Media
By Application
Bio-banking
Regenerative Medicine
Drug Discovery
This review is based on a report by Zion Market Research, titled “Biopreservation Market” - Report at https://goo.gl/TNBHJr
By Region
North America
The U.S.
Europe
UK
France
Germany
Asia Pacific
China
Japan
India
Latin America
Brazil
The Middle East and Africa
About Us:
Zion Market Research is an obligated company. We create futuristic, cutting-edge, informative reports ranging from industry reports, the company reports to country reports. We provide our clients not only with market statistics unveiled by avowed private publishers and public organizations but also with vogue and newest industry reports along with pre-eminent and niche company profiles. Our database of market research reports comprises a wide variety of reports from cardinal industries. Our database is been updated constantly in order to fulfill our clients with prompt and direct online access to our database. Keeping in mind the client’s needs, we have included expert insights on global industries, products, and market trends in this database. Last but not the least, we make it our duty to ensure the success of clients connected to us—after all—if you do well, a little of the light shines on us.
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