Global Biopreservation Market Will grow at a CAGR of 17.06% over Forecast 2015-2019

Albany, NY, Nov 15: Biopreservation is the process of preserving the functionality and integrity of cells, tissues, and organs outside the native environment for extended storage time at different temperatures. In the US, vaccines save 3 million lives annually but because of inadequate storage and improper refrigeration, vaccines worth $20 million are wasted annually. Vaccines are of two types: live and inactivated.

Based on their sensitivity and types, these vaccines are stored at different temperature. For example, inactivated vaccines are sensitive to excessive heat and freezing temperature; therefore, they are stored at 2C to 8C. Live vaccines such as varicella and MMRV are stored at -15C. Similar to vaccines, biological specimens such as blood, plasma, and tumor cell lines need to be stored to remain functional. Preservation of biological samples is important as these samples are used for clinical, research, and commercial purposes.

The global biopreservation market to grow at a CAGR of 17.06% over the period 2014-2019. Based on storage temperature, the market can be classified into five categories:
- Room temperature (+20C)
- Refrigeration (+4C)
- Frozen (-20C)
- Ultra-low (-80C)
- Cryogenic (-196C)

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This report covers the present and future scenario of the global biopreservation market for the period 2015-2019. To calculate the market size, Technavio uses revenue generated from the sales of biopreservation storage equipment, freezing media, and other cryoware accessories.

Technavio's report, Global Biopreservation Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report also covers the landscape of the market and its growth prospects in the coming years. The report includes a detailed discussion of the key vendors operating in this market.

Key regions
- Americas
- APAC
- EMEA

Key vendors
- BioCision
- BioLife Solutions
- Thermo Fisher Scientific

Other prominent vendor
- Brooks Automation
- Biomatrica
- Chart MVE BioMedical
- CRYO
- Eppendorf North America
- Haier Bio-Medical and Laboratory
- Helmer Scientific
- Panasonic Healthcare
- So-Low Environmental Equipment
- VWR Lab Products

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Key questions answered in this report
- What will the market size be in 2019 and what will the growth rate be?
- What are the various end-uses and potential applications for the product?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space and what is the nature of competition between them?
- What are the market opportunities and threats faced by the key vendors?

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