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Biopreservation Market worth 3,731.03 Million USD by 2020

The report "Biopreservation Market, by Product (Media, Sera, Cryogenic Storage Systems, Thawing Equipment, Alarms), by Biospecimen (Human Tissue, Stem Cells, Organs), Application (Therapeutic, Regenerative Medicine, Clinical Trials), End User - Global Forecast to 2020", the global biopreservation market is expected to reach USD 3,731.03 Million by 2020 from USD 2,150.48 Million in 2015, growing at a CAGR of 11.65% between 2015 and 2020. Biopreservation is used to ensure the stability, quality and purity of biospecimens.


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Biopreservation ensures the stability, quality and purity of biospecimens preserved in biobanks, hospitals, and gene banks. Increasing healthcare expenditures and demand for preserving new-born’s stem cells will drive the growth of the biopreservation market.

 

This report segments the global biopreservation market by products, biospecimens, applications and end users. The product segments included in the report comprises of biopreservation media & biopreservation equipment. The biopreservation media segment is further divided on the basis of type into nutrient media, sera and growth factors & supplements.

 

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Biopreservation equipment segment is further divided into temperature control systems, incubators, centrifuges, alarms & monitoring systems, accessories and other equipment. Temperature control systems segment is further classified into freezers, refrigerators, cryogenic storage systems, thawing equipments. On the basis of biospecimens, the report is segmented into human tissue samples, stem cells, organs and other biospecimens.

 

The applications included in this report are therapeutic applications, research applications, clinical trials and other applications. The therapeutic applications had the largest share of the biopreservation media & equipment market in 2015. Therapeutics is expected to one of the fastest growing applications between 2015 and 2020.

 

On the basis of end users the global biopreservation media & equipment market report is segmented into biobanks, gene banks, hospitals and other end users. The geographic segments included in this report are North America, Europe, Asia and Rest of the World (RoW). The geographic analysis reveals that North America accounted for the largest share in the global biopreservation media & equipment market in 2015. Asia regional segment, on the other hand, is expected to register a faster growth from 2015 to 2020, due to the increasing population and healthcare spending from this region.

 

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The major players in biopreservation media & equipment market include Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), VWR Corporation (U.S.), Biolife Solutions, Inc. (U.S.), Lifeline Scientific, Inc. (U.S.), Cesca Therapeutics, Inc. (U.S.), BioCision, LLC (U.S.), Core Dynamics, Ltd. (Israel), Custom Biogenic Systems, Inc. (U.S.), So-Low Environmental Equipment Co., Inc. (U.S.) and Princeton Cryotech, Inc. (U.S.).

 

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