PUBLISHER: Value Market Research | PRODUCT CODE: 1342914
PUBLISHER: Value Market Research | PRODUCT CODE: 1342914
The global demand for Biopreservation Market is presumed to reach the market size of nearly USD 9.55 BN by 2030 from USD 4.42 BN in 2022 with a CAGR of 10.1% under the study period 2023 - 2030.
Biopreservation uses natural and controlled antibacterial products to preserve and bank various biospecimens like cells, plasma, saliva, tissues, and organs, outside of their native environment. Biopreservation preserves biospecimens and protects them from damage outside of their natural environment for a long period. Biopreservation includes a wide range of applications such as drug discovery, regenerative medicines, and biobanking to help consumers or patients during their life span and even at the time of death.
The growing use of biospecimens in medical research for developing novel therapies and drugs is driving the biopreservation market. Moreover, increasing healthcare expenditure, particularly in emerging economies, along with rapid advancements in biopreservation methods and equipment, further catalyses market growth. The major factors fueling the global biopreservation market growth are rising R&D expenditure, increasing sperm and egg banks, rising demand for newborn stem cell preservation, and rising adoption of regenerative medicine. Furthermore, the growing demand for biobanking services to preserve cells, tissues, and organs is also expected to fuel the growth of the global biopreservation market. In addition, biopreservation is witnessing growth due to the factors such as extensive usage in hospitals and labs. However, the high cost of biopreservation equipment may hamper the market's growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of biopreservation. The growth and trends of biopreservation industry provide a holistic approach to this study.
This section of the biopreservation market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Biopreservation market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the biopreservation market include Thermo Fisher Scientific Inc. (US), Merck KGaA (Germany), and Avantor, Inc. (US), ThermoGenesis Holdings, Inc. (US), Bio-Techne Corporation (US), BioLife Solutions, Inc. (US), Exact Sciences Corporation (US), (US), Worthington Industries, Inc. (US), and Chart Industries, Inc. (US). This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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