Biopreservation Market Overview
Biopreservation is the use of natural or controlled micro biota or antimicrobials as a way of preserving food and extending its shelf life. Beneficial bacteria or the fermentation products produced by these bacteria are used in biopreservation to control spoilage and render pathogens inactive in food. Biopreservation is a process of storing the biological samples in an environment suitable for their survival. Biological samples that can be stored with the help of biopreservation typically include plasma, saliva, cells, tissues, body fluids, and organs.
Increasing healthcare expenditure and rise in demand for novel bio-preservatives techniques is expected to aid the growth of the market. The increasing expenditure on healthcare, growing demand for stem cell preservation and awareness about its use with regards to treatment of diseases are expected to drive the growth of the market. Moreover, increasing awareness about personalized medicines and its applications are contributing to the growth of the market.
Biopreservation Market Forecast Report (2018-2023)
Global Biopreservation Market was worth USD 3060 million in 2018 and is expected to reach 5620 million USD by 2023 with a CAGR of 12.94%.
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Biopreservation Market Segmentation
The Biopreservation market is segmented based on product type, bio specimens, applications and end user. Based on the product type, the market is segmented into biopreservation media, biopreservation equipment, and lab information system management. Based on the bio-specimens, the market is categorized as human tissue samples, organs, stem cells and other bio-specimens. Based on application, biopreservation market is analyzed as therapeutic applications, research applications, clinical trials and other applications. Based on the end-users, the market is segmented as biobanks, gene banks, hospitals and others.
Based on Geography, the Biopreservatives market is further segmented in to North America, Europe, Asia-Pacific, Latin America and Middle East & Africa.
The major companies dominating this market for its products and services are
- BioLife Solutions, Inc.
- Thermo Fisher Scientific, Inc.
- Sigma-Aldrich Corporation
- BioCision LLC
- VWR Corporation
- Cesca Therapeutics Inc.
- So-Low Environmental Equipment Co.
- Panasonic Corporation and Lifeline Scientific Inc.
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