Global Biopreservation Market to reach USD 12.5 billion by 2025 | CAGR: 15.0%.
Global Biopreservation Market is valued at USD 3.5 billion in 2016 is anticipated to grow USD 12.5 billion by 2025 with the compounded annual growth of 15.0% over the forecast period 2017-2025.
New York 15 May 2018, as per the new research study conducted by Bizwit Research & Consulting, Global Biopreservation industry is poised to raise USD 12.5 billion by 2025. Growing healthcare expenditure and rapid economic development across the globe are driving the market.
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Global Biopreservation Market Size Estimates and Forecasts, by Product (Equipment, Media, LIMS) by Application (Regenerative Medicine, Biobanking, Drug discovery) and by Region (North America, Europe, Asia Pacific, Latin America, and Rest of the World) 2017-2025 (USD Billion/Million)
The industry is seeming to be fairly competitive. Some of the leading market players include BioCision LLC, Biomatrica Inc, Chart MVE Biomedical, and so on. Other market players discussed in the report include Lab Vantage Solutions Inc., Atlanta Biologics Inc, Panasonic co-operation, Qiagen N.V, VWR International LLC. New product launches, acquisitions, and mergers are some of the strategies adopted by the key manufacturers. Additionally, the fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.
Key findings of the study:
- Rising new drug developments and therapies in the biomedical research.
- A rise in the treatment of acute and chronic illnesses is leading a positive growth.
- Increase in the cell-banking system like umbilical cord blood-banking, adult stem banking, and umbilical cell-banking.
- Stem cell-banking preserved by cryopreservation is anticipated to increase the demand.
Bizwit Research & Consulting LLP has considered the following segments for the study:
- Drug Discovery
- North America
- Asia Pacific
- Latin America
- Rest of the World