Biopreservation Market size to exceed $9.7bn by 2024

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Biopreservation Market size to surpass USD 9.7
billion with 13.4 CAGR from 2016 to 2024 Global
Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
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Key Insights from Biopreservation Market

• Global biopreservation market size generated
  revenue of USD 3 billion in 2015 and it is likely
  to witness robust 13.4 growth in the coming
  years.
• U.S. biopreservation market share dominates the
  industry with USD 1.26 billion in 2015 due to
  increased demand for diagnosis of chronic
  diseases, government regulations supporting
  ethical usage of biological samples and
  development of novel drugs and therapies in
  healthcare research.  
• Asia Pacific, with Japan and China
  biopreservation market size, was USD 564 million
  in 2015 is set to growth with 15.6 CAGR
  primarily due to increasing healthcare
  expenditure and rising chronic illness.

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Continued...

• Major industry players are Qiagen, Biolife
  Solutions, Thermo Fisher, Cesca therapeutics,
  Atlanta Biologicals, Lifeline Scientific,
  LabVantage Solutions and VWR International.
  Thermo Fisher Scientific and BioCision were
  leading industry participants in 2015 due to
  their wide regional presence and broad product
  portfolio particularly relating to media,
  freezers, refrigerators and consumables.
• Competitors focus on merger and acquisitions, RD
  investments and innovation as a part of their
  growth strategy.

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U.S. Biopreservation Market size, by product,
2012- 2024 (USD Million)

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360 Analysis

• Product Analysis
• Global biopreservation market share comprises of
  media, equipment and laboratory information
  management system (LIMS). Equipment segment
  comprises of cryo bags, vials, tubes, gloves,
  refrigerators, freezers, liquid nitrogen (LN2)
  tanks and other consumables. This segment
  dominated the industry in 2015, holding around
  80 of industry revenue share. Growing
  application of bio-preservation equipment in DNA,
  stem cell, plasma, and tissue research sectors
  will accelerate segment growth.
• Regional Analysis
• U.S. biopreservation market share dominates the
  industry holding about 45 of revenue due to
  increased demand for diagnosis of chronic
  diseases, government regulations supporting
  ethical usage of biological samples and
  development of novel drugs and therapies in
  healthcare research.
• Competitive Market Share
• The primary strategies adopted by major companies
  include mergers and acquisitions, employing
  effective services and launching of new product
  in order to sustain biopreservation market share.
  Key industry participants are Thermo Fisher,
  Qiagen, Biolife Solutions, Cesca therapeutics,
  Atlanta Biologicals, Lifeline Scientific,
  LabVantage Solutions and VWR International.

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