Biopreservation Market Will Gigantic at 18.8% CAGR to Reach 1700 Million US$ by the End of 2025: QY Research, Inc.
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Los Angeles, CA -- (SBWire) -- 04/10/2019 --Biopreservation is a technique used for the storage of cells and tissues in a hypothermic or chemical environment to preserve biological samples with sustained integrity.Biopreservation of cells, tissues, and organs is a frequently applied and required practice used to extend the stability and viability in both short-term and long-term storage of samples for research and clinical applications.
The growing life science in all regions is expected to generate demand and drive the Biopreservation market during the forecast period. The biopreservation media market is driven by factors such as advancements in the regenerative market and biobanking. Corporate, government, and non-government organizations are making huge investments in cell-therapy and regenerative medicine research. These investments hold great promise to identify the cause of diseases, translate findings, and accelerate personalized medicine as well as to improve diagnostics, public health, and preventive measures. Investments in related research are also helping in expanding the market for biopreservation media.
The key players are Thermo Fisher Scientific, GE Healthcare, Sigma-Aldrich (Merck), VWR International, Lonza, Biolife Solutions, STEMCELL Technologies, WAK-Chemie Medical GmbH and so on. The industry is relatively concentrate, the top three bands of Thermo Fisher Scientific, GE Healthcare, Sigma-Aldrich (Merck) which account for more than 60% revenue market share in 2018.
The global Biopreservation market was 510 million US$ in 2018 and is expected to 1700 million US$ by the end of 2025, growing at a CAGR of 18.8% between 2019 and 2025.
This report studies the Biopreservation market size (value and volume) by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Biopreservation in these regions, from 2014 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Thermo Fisher Scientific
GE Healthcare
Sigma-Aldrich(Merck)
VWR International
Lonza
Biolife Solutions
STEMCELL Technologies
WAK-Chemie Medical GmbH
By the product type, the market is primarily split into
Home-Brew Media
Pre-Formulated Media
By the end users/application, this report covers the following segments
Drug Discovery
Regenerative Medicine
Biobanking
Other
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