Biopreservation Market – USD 2.84 Billion in 2019, Market Growth – CAGR of 8.9%, Market Trends – Increase in demand for personalized medicine.
The global Biopreservation market is forecasted to reach USD 5.63 Billion by 2027, according to a new report by Reports and Data. A rise in the incidence of chronic diseases, such as renal, cardiac, cancer, and Diabetes, will propel the demand for the market.
According to the International Diabetes Federation (IDF), approximately 463 million adults, in 2019, were living with Diabetes, and by the year 2045, the number is expected to rise to 700 million. The disease led to 4.2 million deaths and caused the healthcare sector USD 760 billion. Cancer caused almost 9.6 million deaths in 2018. The number of cases is expected to rise to 30 million by 2040 from 18 million in 2018.
Moreover, factors like varying disease patterns, increasing awareness among the population for general wellness and overall healthcare, flexible government policies and regulations together with the applicability of stem cells in research centers focusing on cancer treatment is estimated to escalate the market demand across regions in the upcoming years.
North America dominates the market owing to the increasing number of manufacturers, the spread of infectious diseases, improved health care infrastructure, and the development of various new products. Increasing the production of innovative products and the growth of manufacturers in their countries has led Europe to progress its global presence in the industry supported by mergers and acquisitions that are increasing the global presence of European markets.
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The Covid-19 Impact
The market will witness a huge surge as biopharmaceutical innovators are in the front line for the human response to the global COVID-19 pandemic. A significant number of biotech firms are in the middle of the race to investigate the virus’s genome and are preparing a viable vaccine. These companies are investigating the virus at an unprecedented rate, and considerable funds are being put into the research. The companies are in trial, and the public and private sectors are working continuously for the development of the vaccine. Cash inflow for research in the healthcare sector to find a cure for infectious and autoimmune diseases will aid the market in growth.
Further key findings from the report suggest
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For the purpose of this report, Reports and Data have segmented into the global Biopreservation market on the basis of the type, biospecimen, application, end-users, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
Biospecimen Outlook (Revenue, USD Billion; 2017-2027)
Application Outlook (Revenue, USD Billion; 2017-2027)
End Users Outlook (Revenue, USD Billion; 2017-2027)
Regional Outlook (Revenue, USD Billion; 2017-2027)
To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/biopreservation-market
Table of Content:
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Biopreservation Market Segmentation & Impact Analysis
4.1. Biopreservation Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand for personalized medicine
4.2.2.2. Rise in Research and Development
4.2.3. Market restraints analysis
4.2.3.1. High cost of modern technologies
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter’s Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence
Chapter 5. Biopreservation Market, By Type Insights & Trends
5.1. Type Dynamics & Market Share, 2019 & 2027
5.2. Biospecimen Equipment
5.2.1. Market estimates and forecast, 2016 – 2027 (USD Million)
5.2.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
5.3. Biopreservation Media
5.3.1. Market estimates and forecast, 2016 – 2027 (USD Million)
5.3.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
5.4. Cryogenic Storage Systems
5.4.1. Market estimates and forecast, 2016 – 2027 (USD Million)
5.4.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
5.5. Freezers
5.5.1. Market estimates and forecast, 2016 – 2027 (USD Million)
5.5.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
5.6. Refrigerators
5.6.1. Market estimates and forecast, 2016 – 2027 (USD Million)
5.6.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
5.7. Thawing Equipment
5.7.1. Market estimates and forecast, 2016 – 2027 (USD Million)
5.7.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
Chapter 6. Biopreservation Market, By Biospecimen Insights & Trends
6.1. Biospecimen Dynamics & Market Share, 2019 & 2027
6.2. Organs
6.2.1. Market estimates and forecast, 2016 – 2027 (USD Million)
6.2.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
6.3. Human Tissue Samples
6.3.1. Market estimates and forecast, 2016 – 2027 (USD Million)
6.3.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Million)
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Chapter 10. Competitive Landscape 10.1. Market Revenue Share By Manufacturers 10.2. Manufacturing Cost Breakdown Analysis 10.3. Mergers & Acquisitions 10.4. Market positioning 10.5. Strategy Benchmarking 10.6. Vendor Landscape Chapter 11. Company Profiles 11.1. Merck KGaA 11.1.1. Company Overview 11.1.2. Financial Performance 11.1.3. Technology Insights 11.1.4. Strategic Initiatives 11.2. ThermoGenesis Holdings, Inc. 11.2.1. Company Overview 11.2.2. Financial Performance 11.2.3. Technology Insights 11.2.4. Strategic Initiatives 11.3. Thermo Fisher Scientific Inc. 11.3.1. Company Overview 11.3.2. Financial Performance 11.3.3. Technology Insights 11.3.4. Strategic Initiatives 11.4. Avantor, Inc. 11.4.1. Company Overview 11.4.2. Financial Performance 11.4.3. Technology Insights 11.4.4. Strategic Initiatives 11.5. Bio-Techne Corporation 11.5.1. Company Overview 11.5.2. Financial Performance 11.5.3. Technology Insights 11.5.4. Strategic Initiatives 11.6. Exact Sciences Corporation 11.6.1. Company Overview 11.6.2. Financial Performance 11.6.3. Technology Insights 11.6.4. Strategic Initiatives 11.7. BioLife Solutions, Inc. 11.7.1. Company Overview 11.7.2. Financial Performance 11.7.3. Technology Insights 11.7.4. Strategic Initiatives 11.8. Worthington Industries, Inc. 11.8.1. Company Overview
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