Biopreservation Market Report, Size 2021 Global Industry Trends, Segments, Competitors Strategy 2027

Author : univdatos
Publish Date : 2021-11-02 08:47:26
Biopreservation Market Report, Size 2021 Global Industry Trends, Segments, Competitors Strategy 2027

A comprehensive overview of the Biopreservation Market is recently added by UnivDatos Market Insights to its humongous database. The biopreservation market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the biopreservation market. The biopreservation market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the biopreservation market at the global and regional levels. Biopreservation Market was valued at US$ 5 billion in 2020 and is expected to grow at a CAGR of 14% over the forecast period (2021-2027).

Market Overview

Biopreservation is a system used for the storage of cells and tissues in a hypothermic or chemical environment to conserve biological samples with sustained integrity. Biopreservation of cells, tissues, and organs is a frequently applied and required practice used to extend the stability and viability in both short-term and long-term storage of samples for research and clinical applications. For instance, in June 2021, Thermo Scientific released its TSX Series of Ultra-Low Temperature (ULT) Freezers that have been fully upgraded to include additional functionality to provide research, pharmaceutical manufacturing, clinical, biorepository, and industrial laboratories with safeguards to deliver environmentally sustainable protection of materials, such as vaccines, cell culture media, biologics, and reagents. Also, the increasing mergers and acquisitions in the biopreservation firms are expanding the reach of researchers over the world. In October 2019, ThermoGenesis Holdings, Inc. announced a joint venture agreement with HealthBanks Biotech (USA) Inc., a stem cell bank network, to commercialize its proprietary cell processing platform, CAR-TXpress, for use in immune cell banking as well as for cell-based contract development and manufacturing services.

Furthermore, the increasing progression of regenerative medicine for treating and controlling various chronic diseases such as heart failure and diabetes, and degenerative conditions affecting the nerves, bones, and joints is also expected to drive the market growth during the forecast period. For instance, according to the World Health Organization (WHO) in June 2021, an estimated 17.9 million people died from CVDs, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Additionally, most of the chronic diseases were studied by using some of the preserved samples, and also, they have to preserve some samples for future use which will boost the biopreservation market in the upcoming years.

COVID-19 Impact

Biopreservation has emerged as a key tool in the armory of public health agencies and healthcare providers scrambling during the fight of Covid-19. As the number of cases continues to mount, biopreservation services will continue to work in the background to handle their roles in the response. For instance, according to the CloudLIMS Empowering Labs in April 2020, the biopreservation services and Biobanks provide high-quality biospecimens to accelerate clinical research and trials on Covid-19, enabling researchers to better understand the virulence of the pathogen and to develop a vaccine for the prevention of disease. Also, the biopreservation services facilitate population-based cohort studies that help in estimating the actual seroprevalence i.e., the level of Covid-19 virus in a population, as measured in blood serum, in different areas.

Global Biopreservation Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into

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

The biospecimen equipment segment grabbed the major market in 2020, credited to the increased investments from private and public organizations for research and development of cell and gene therapies and increasing acceptance of refrigerators, and biological freezers for the preservation of biological specimens.

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By Biospecimen, the market is primarily bifurcated into

  • Human Tissue Samples
  • Organs
  • Stem Cells
  • Others

The stem cells segment accounted for the maximum share in 2020, owing to the augmenting awareness of people about conserving cord blood stem cells of newborns to treat chronic diseases like cancer and others.

By Application, the market is primarily bifurcated into

  • Therapeutic Applications
  • Research Applications
  • Clinical Trials
  • Others

The therapeutic applications segment dominated the market in 2020. The highest growth of this segment is accredited to the advancements in the fields of regenerative medicine, personalized medicine, and biobanking.

By End-User, the market is primarily bifurcated into

  • Biobanks
  • Gene Banks
  • Hospitals
  • Others

The biobanks segment dominated the market in 2020, credited to the increasing demand for conserving biospecimens, tissues, organs, and stem cells for various research purposes.

Nutrigenomics Market Geographical Segmentation Includes:

  • North America (the United States, Canada, and Rest of North America)
  • Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
  • Rest of the World

Based on the estimation, North America dominated the market in 2020. The high share of the region can be credited to the high government funding, robust personal healthcare spending, developed awareness programs, rapid acceptance of new analytical techniques, and the presence of skilled professionals and physicians.

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The major players targeting the market includes

  • Thermo Fisher Scientific Inc.
  • Merck KGaA
  • ThermoGenesis Holdings, Inc.
  • Bio-Techne Corporation
  • BioLife Solutions, Inc.
  • Exact Sciences Corporation
  • Princeton CryoTech, Inc.
  • Stemcell Technologies, Inc.
  • OPS Diagnostics
  • AMS Biotechnology

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the biopreservation market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the biopreservation market?
  • Which factors are influencing the biopreservation market over the forecast period?
  • What are the global challenges, threats, and risks in the biopreservation market?
  • Which factors are propelling and restraining the biopreservation market?
  • What are the demanding global regions of the biopreservation market?
  • What will be the global market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

We understand the requirement of different businesses, regions, and countries, we offer customized reports as per your requirements of business nature and geography. Please let us know If you have any custom needs.

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Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

  • The market report presents the estimated market size of biopreservation market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.
  • Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.
  • An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.
  • The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.
  • The various parameters accelerating the growth of Market are incorporated in the research report.
  • The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

  • Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.
  • The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.
  • The growth rate of the market in every region, including their countries over the forecast period is included in the market report.
  • Based on what factors are the key market players assessed in this report?
  • The report offers detailed analysis of leading companies in the market across the globe.
  • It provides details of the major vendors involved in the Market including Key Players
  • A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and
  • the manufactured products are incorporated in the report.
  • The facts and figures about market competitors along with standpoints of leading market players are presented in the report.
  • The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

  • Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.
  • The report offers the present scenario and future growth prospects Market in various geographical regions.
  • The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.
  • The SWOT analysis is conducted along with Porter's Five Force analysis.
  • The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.

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