Biopreservation Market Research Analysis Report

Global Biopreservation Market
According to the report "Biopreservation Market", published by Market Data Forecast, the
global market is projected to reach USD 4.37 Billion by 2021, at a CAGR of 12.3% from 2016
to 2021.
Biopreservation is a process of storing the biological samples in an environment suitable for
their survival. With the growing prevalence of chronic diseases like cancer, cardiovascular
diseases, diabetes and acute respiratory diseases, Biopreservation is gaining significance.
Biopreservation Media is being increasingly used by the life sciences companies to develop
tissue or cell related therapies. Many academic institutions, governments, healthcare
establishments, pharmaceuticals and bio technology companies are funding biorepositories
and bio banks clinical research. Increasing healthcare expenditure and rise in demand for
novel bio-preservatives techniques is expected to aid the growth of the market.
The biopreservation market is driven by the rising healthcare spending, increasing demand to
preserve new-born’s cord cells, rising R&D expenditure on advances in regenerative market,
biobanks and drug discovery. The growth of the market is also fuelled by the advancements
in personalized diagnostics medicines and increased facilities in biopreservation applications.
However, the market has to overcome a few restraints that is proving to be fatal to the growth
of the market which include stability issues of a specimen and high costs relating to
biopreservation.
The biopreservation market is segmented on the basis of product type, applications and biospecimens.
By Product Type:
Biopreservation Media
Biopreservation equipment
Lab Information System Management
By Bio-Specimens:
Human tissue samples
Organs
Stem cells
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