New York, NY -- (SBWire) -- 02/02/2021 --Bio preservation Market: Overview
The Global Bio Preservation Market is forecast to grow at a CAGR of 8.9% from USD 2.84 Billion in 2019 to USD 5.63 Billion in 2027. Growth in investment in research and development will impact market development. An upsurge in the number of bio-banks for the storage of biological products, which can be used in different types of medical research, will also encourage the market demand. Bio preservation is used to preserve bio specimens of plasma, saliva, and purified DNA. This technique enhances shelf life and ensures the purity and stability of bio specimens. It also acts as a storage for tissues, organs, and cells. Initiatives by the government to support the market will further drive its demand.
Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.
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Market Drivers
The rising trend for the preservation of sperm and human egg growth in preserving newborn stem cells is growing due to long-term benefits, such as fighting against cancer, autism, and other diseases. Furthermore, a rise in personalized medicine and the increasing incidence of lifestyle-related diseases are driving the market demand.
Regional Landscape
The North American market is mainly driven by the increasing demand for the preservation of tissue specimens, blood, including the frozen bio-specimen of a tumor. The European region is witnessing an increase owing to a growth in the number of births and a rise in the preservation of the umbilical cord. Asia Pacific has the highest prevalence rate of cancer, which is creating a demand for stem cell therapies in the region. The region is projected to hold a 23.4% market share by the year 2027.
Competitive Terrain:
The global Biopreservation market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.
The leading companies operating across the global Biopreservation market are listed below:
Merck KGaA, ThermoGenesis Holdings, Inc., Thermo Fisher Scientific Inc., Avantor, Inc., Bio-Techne Corporation, Exact Sciences Corporation, BioLife Solutions, Inc., and Worthington Industries, Inc., BioCision, and Chart Industries, Inc., among others.
Type Outlook (Revenue, USD Billion; 2017-2027)
Biospecimen Equipment
Biopreservation Media
Cryogenic Storage Systems
Freezers
Refrigerators
Thawing Equipment
Biospecimen Outlook (Revenue, USD Billion; 2017-2027)
Organs
Human Tissue Samples
Stem Cells
Others
Application Outlook (Revenue, USD Billion; 2017-2027)
Research Applications
Therapeutic Applications
Clinical Trials
Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
Gene Banks
Biobanks
Hospitals
Others
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Radical Features of the Biopreservation Market Report:
Valuable insights into the Biopreservation market to impart an in-depth understanding of the business verticle
An 8-year forecast estimation along with an analysis of key elements of the market
Technological advancements, regulatory framework, and recent developments covered in the report
Growth analysis and projections until 2027
Statistical analysis of the key players operating in the Biopreservation industry
Table Of Contents:
Chapter 1. Market Synopsis
Chapter 2. Executive Summary
Chapter 3. Indicative Metrics
Chapter 4. Biopreservation Market Segmentation & Impact Analysis
Chapter 5. Biopreservation Market, By Type Insights & Trends
Chapter 6. Biopreservation Market, By Application Insights & Trends
Chapter 7. Biopreservation Market, By End Use Insights & Trends
Chapter 8. Biopreservation Market Regional Outlook
Chapter 9. Competitive Landscape
Chapter 10. Company Profiles
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Bio Preservation Market Manufacturers, Type, Application, Regions and Forecast to 2027 : Merck KGaA, ThermoGenesis Holdings, Thermo Fisher Scientific, Avantor, Etc
The Global Bio Preservation Market is forecast to grow at a CAGR of 8.9% from USD 2.84 Billion in 2019 to USD 5.63 Billion in 2027