Description
The global biopreservation market is estimated to reach USD 2223.7 million by the end of 2016 . Considering the current market status , growth indicator and expected future trends , the market is estimated to reach USD 3312.9 billion by 2021 , growing at a CAGR of 8.3 % during the forecast period .
The global biopreservation market study report comprises of worldwide biopreservation market information such as market size , value , and forecasts . It offers an extensive analysis of every segment of the market in major regions across the globe . In addition to the market estimation , the report throws light on the competitive landscape , as well . Moreover , the study documents company profiles of all the major market players , comprising of their business strategy and SWOT analysis , etc . The key offerings and elaborative report structure are specified in the description that follows .
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Market Dynamics : Drivers and Restraints Improving healthcare expenditure around the world , advancements in research and development , adoption of in-house sample storage in hospitals and labs , and investments in bio-banks and personalized medicine are some of the factors driving the market for biopreservation . However , the high cost of instruments and their maintenance and possibility of tissue injury during preservation and thawing are a few major restraining factors hindering the growth of the market .
Market Segmentation The global biopreservation market is segmented into : Type of Products End-User Application Services Geography
The product segment is further divided on the basis of biopreservation media ( nutrient media , sera , and other supplements ) and equipment ( temperature maintaining units- freezers , cryogenic storage systems , thawing equipment , refrigerators , and centrifuges ). The end-user segment is sub-segmented into biobanks , gene banks , and hospitals . The application segment is divided into therapeutics , research , clinical trials and others . Further , the market is also segmented into various services such as biobanking for individuals ( umbilical cord / stem cell banking , ovum / egg banking ), and biobanking for institutes ( tissue banking , cell banking services , organ banking , and repository services ).
Geographically , the market is segmented into North America ( the USA , Canada and Mexico ), Europe ( Germany , the UK , France , Italy , Spain & Portugal , Scandinavia , BENELUX ), Asia-Pacific ( China , Japan , India , Australia and New Zealand , South Korea ), the Middle East and Africa ( GCC , South Africa ) and Latin America ( Brazil and Argentina ). www . orbisresearch . com ; + 1 ( 214 ) 884-6817 ; + 9120-64101019