The global biopreservation market is expected to reach US$5.74 bn by 2019. This market was valued at US$1.95 bn in 2012. Various factors are responsible for this market achieving a high CAGR of 16.7% between 2013 and 2019, each of which are elaborated on in a research report released by Transparency Market Research. The report is titled, “Biopreservation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” and it aims to be a gateway of knowledge for interested market entities who wish to take their business to the next level.
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Global Biopreservation Market Shifts to High Gear
with Improvements in Biopreservation Facilities;
Market to Reach US$5.74 bn by 2019
The global biopreservation market is expected to reach US$5.74 bn by 2019. This market was
valued at US$1.95 bn in 2012. Various factors are responsible for this market achieving a high
CAGR of 16.7% between 2013 and 2019, each of which are elaborated on in a research report
released by Transparency Market Research. The report is titled, “Biopreservation Market -
Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” and it aims to
be a gateway of knowledge for interested market entities who wish to take their business to the
Biopreservation is a process used in the storage of biological samples in an environment
conducive to their survival and therefore, for end-use. Typical biological samples that can be
stored using biopreservation are plasma, saliva, tissues, cells, organs, and body fluids. Each
sample type serves a different medical purpose that usually concerns product testing or the
treatment of several chronic conditions.
Segmentations of the global biopreservation market are provided in the report to deliver a clearer
perspective on it. The key categories for division of the global biopreservation market are
product types, applications, and geography.
In terms of product type, the global biopreservation market is segmented into the key segments
of media, equipment, and lab information management systems. Sub-segments of equipment are
liquid nitrogen tanks, consumables, freezers, and refrigerators. The global biopreservation
market was led by freezers in 2012, while the fastest growth rate is attributed to the segment of
consumables, within the given forecast period. The growth rate of consumables is attributed to
the increasing demand for core items in this sub-segments, namely cryogenic boxes, gloves, cryo
tubes, and cryo vials.
The segment of LIMS is also expected to experience significant growth rates in the near future,
owing to a higher adoption of facilities for storage. This is especially applicable to the developed
economies, including the U.S., the U.K., Canada, France, and Germany.
The regional segmentation of the global biopreservation market, as presented in the report,
shows North America to be the dominant force in the market for 2012, owing to a high presence
of key players, large number of samples needing biopreservation, and a growing capacity of
investments and funding. Meanwhile, the biopreservation market in the U.S. could be overtaken
in terms of growth rate by those in the developing nations of Indonesia, Malaysia, Singapore,
China, and India, especially in the segments of media and equipment, within the report’s forecast
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