Surge in New Biopreservation Facilities to Help Global Market Reach US$5.74 Bn by 2019 - Transparency Market Research

The global biopreservation market stands to grow at a strong CAGR of 16.7% from 2013 to 2019, according to Transparency Market Research. A report published by TMR, titled “Biopreservation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, indicates that the advancement in biopreservation applications, increase in new biopreservation facilities, and untapped opportunities in emerging economies will drive the market from US$1.95 billion in 2012 to US$5.74 billion in 2019.On the basis of product type, the biopreservation market is divided into laboratory information management systems (LIMS), equipment, and media. The category of equipment is further broken down into refrigerators, freezers, consumables, and liquid nitrogen tanks. While freezers dominated the category in 2012, consumables are projected to register the highest CAGR from 2013 to 2019 on account of rising demand for cryo bags, cryo vials, cryo tubes, gloves, cryogenic boxes, and other consumables. Increasing adoption of automation by storage facilities will drive the demand for LIMS in the near future, especially from the developed markets of Canada, the U.S., the U.K., Japan, Germany, and France. 

The segment of media is bifurcated into pre-formulated media and home-brew media, of which, the latter held a larger share of the overall biopreservation market in 2012.Biopreservation finds application mainly in biobanking, regenerative medicine, and drug discovery. The demand for biopreservation from biobanking held the largest share in 2012 and market analysts predict that this segment is likely to dominate the overall market through 2019. The growth of this segment can be attributed to the recent approvals of biobanking projects in the developing economies of Asia Pacific, Latin America, and Africa. On the other hand, regenerative medicine is anticipated to register the highest CAGR from 2013 to 2019 on account of rising demand for biospecimens in research and therapy and rapid growth in the field of regenerative medicine.

Geographically, the global biopreservation market is fragmented into North America, Asia Pacific, Europe, and Rest of the World. Substantial amount of biopreservation samples, rapid adoption of automated processes, and increased presence of supportive organizations made North America the largest regional market for biopreservation in 2012. Asia Pacific, however, is expected to be the fastest developing biopreservation market by 2019 driven by rising prevalence of chronic diseases, increasing unmet healthcare needs, growth in funding capacity, in-house biopreservation facilities, and new biobanking projects. The emerging economies such as India, China, Singapore, Malaysia, and Indonesia are likely to exceed the U.S. markets in terms of demand for biopreservation media and equipment. 

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The key players featured in the biopreservation market research report are VWR International, LLC, CHART MVE BIOMEDICAL, Panasonic Corporation, Dometic Group, Qiagen N.V., LABVANTAGE Solutions, Inc., Biomatrica, Inc., BioLife Solutions, Inc., BioCision, LLC, Life Technologies Corporation, and Thermo Fisher Scientific, Inc.These vendors are profiled on the basis of company and financial overview, product portfolio, business strategies, and recent developments. Some of the major strategies adopted by leading companies in the biopreservation market are partnerships, acquisitions, integral strategy, strengthening position in emerging markets, geographic expansions, business expansions, product innovation and development, restructuring of business, effective service program, and marketing initiatives.

Browse Full Biopreservation Market (Product Types - Equipment, LIMS, and Media; Applications - Regenerative Medicine, Biobanking, and Drug Discovery) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 Report With Full TOC @http://www.transparencymarketresearch.com/biopreservation-market.html

Biopreservation Market, by Product Type

• Equipment
  • Freezers
  • Refrigerators
  • Liquid Nitrogen (LN2) Tanks
  • Consumables
• LIMS
• Media
  • Home-brew Media
  • Pre-formulated Media

Biopreservation Market, by Applications

• Regenerative Medicine
• Biobanking
• Drug Discovery

Biopreservation Market, by Geography 

• North America
• Europe 
• Asia-Pacific
• Rest of the World

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