Biopreservation Market Expected To Reach USD 5.63 Billion By 2027 | Key Players: Merck KGaA, ThermoGenesis Holdings, Inc., Thermo Fisher Scientific Inc., and Others

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Biopreservation Market Expected To Reach USD 5.63 Billion By 2027 | Key Players: Merck KGaA, ThermoGenesis Holdings, Inc., Thermo Fisher Scientific Inc., and Others

Biopreservation Market Expected To Reach USD 5.63 Billion By 2027 | Key Players: Merck KGaA, ThermoGenesis Holdings, Inc., Thermo Fisher Scientific Inc., and Others

Reports And Data
An increase in the research of biobanking and the growing trend of preserving cord cells is driving the market for Biopreservation.

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

  • The demand for biospecimen equipment is growing due to its extensive application in plasma, stem cells, DNA, and tissue research. The surge in adoption can also be accredited to certain benefits such as high-cost efficiency, storage capacity, and low maintenance.
  • Stem cells are used in regenerative medicine, especially in the field of dermatology. The market for stem cell is witnessing an increased growth owing to the increased number of clinical trials across the globe. 
  • Successful clinical and commercial applications of biospecimens require practical and robust cryopreservation protocols. Stem cells are notoriously sensitive to cryopreservation, which required specialized protocols to maintain the optimal cell viability and recovery.
  • The number of Biopreservation banks is increasing in developing nations, which is further driving the market growth. Also, increasing awareness regarding the storage of stem cells has had a positive effect on the market. The market is still at a nascent stage, but it holds potential in both therapeutic and diagnosis fields.
  • North America is expected to account for a significant share of the global cell expansion market. The United States will be the primary contributor and is likely to witness high growth due to the huge amount of funding by the government and private firms for clinical trials. The region is forecasted to grow with a CAGR of 9.0% during the forecast period.
  • Key participants include Merck KGaA, ThermoGenesis Holdings, Inc., Thermo Fisher Scientific Inc., Avantor, Inc., Bio-Techne Corporation, Exact Sciences Corporation, BioLife Solutions, Inc., and Worthington Industries, Inc., BioCision, and Chart Industries, Inc., among others.

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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 Equipment
  • Biopreservation Media
  • Cryogenic Storage Systems
  • Freezers
  • Refrigerators
  • Thawing Equipment

Biospecimen Outlook (Revenue, USD Billion; 2017-2027)

  • Organs
  • Human Tissue Samples
  • Stem Cells
  • Others

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Research Applications
  • Therapeutic Applications
  • Clinical Trials
  • Others

End Users Outlook (Revenue, USD Billion; 2017-2027)

  • Gene Banks
  • Biobanks
  • Hospitals
  • Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

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)

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

Continue…

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