Global Biopreservation Market to Exhibit 10% CAGR through 2022, Forecasts IMARC Group in Its Topical Reports Available at MarketPublishers.com23 Nov 2017 • by Natalie Aster
LONDON – Nowadays, biopreservation is extensively used to retain the integrity and functionality of material (stem cell, sperms, embryos, eggs, etc.) used during clinical trialsin different healthcare and research institutes.
The world’s biopreservation market has exhibited steady growth during the past several years, and climbed to the value of around USD 2.5 billion in 2016.
One of the key factors fueling the demand for biopreservation is the continued development of regenerative medicine for treatment and controlling a wide range of diseases, for instance, diabetes, heart failure, and certain degenerative conditions affecting bones, nerves and joints. Furthermore, the expanding prevalence of biobanking across the globe is anticipated to encourage a thrust to the market, as biopreservation is used to conserve different bodily fluids and tissues for various research purposes. The biopreservation market growth will also be spurred by the uptake in R&D and increasing healthcare spending across many countries, especially in the emerging regions.
The world’s market for biopreservation is forecast to rise at a 10% CAGR in the coming years to touch USD 4.5 billion by the year 2022.
Some of the prominent companies operating in the biopreservation market include VWR International, Thermo Fisher Scientific, Biocision, Panasonic Corporation, Biolife Solutions.
The in-demand topical report by IMARC Group, titled “Biopreservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2017-2022”, provides access to an extensive, all-round analysis of the global biopreservation industry performance at different geographical levels. It includes a detailed assessment of the key market segments (on the basis of product types, applications, regions). Besides, this topical research study comprises reliable info on the biopreservation market size, shape, shares and growth rates; examines the major market growth driving and restraining forces and sheds light on the market dynamics. It points out the emerging market growth opportunities and threats, delves deep into the competitive landscape, identifies and profiles the dominant companies operating in this sector. Moreover, the report includes SWOT analysis, Porter’s five forces analysis, value chain analysis and valuable strategic recommendations. Additionally, a future outlook up to 2022 is at hand in the publication.
For a full list of the publisher’s research reports visit the IMARC Group online catalogue at MarketPublishers.com.