Medical Devices BIO-PRESERVATION MARKET IS PROJECTED TO GROW UP TO 9.4% CAGR DURING THE FORECASTING PERIOD...


BIO-PRESERVATION MARKET IS PROJECTED TO GROW UP TO 9.4% CAGR DURING THE FORECASTING PERIOD 2021-2027.

Bio preservation is the method of storing bio specimens for a long time, such as saliva, plasma, and purified DNA, in order to prolong their shelf life and ensure their longevity and purity. It stores cells, tissue, and organs in refrigerators, laboratory knowledge management systems, liquid nitrogen, and consumables. The technique is most widely used to preserve the integrity and functionality of clinical trial materials, eggs, sperms, embryos, and other biological materials. Scientifically, it's the use of natural microbiota or antimicrobials as a method of extending the shelf life of food or biological samples. Simply put, bio preservation is a technique for preserving biological samples for a longer period of time. Cells, tissues, and plasmas are some of the most popular biological samples used for preservation. This preservation method extends the life of the samples, makes them purer, and increases their longevity. This method of preservation is critical for clinical units, cell-based institutes, and other types of healthcare facilities. One of the main advantages of this method of preservation, medication regeneration, is that it assists in the treatment and control of a number of chronic diseases.

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Key Driving Factors: Technology Advancement:

Biopreservation method technological advances are also significant growth contributors to the industry. Changes in hypothermic storage solution formulation, next-generation cryopreservation solutions, and design and integration of nanoscale technologies are all examples of advances. Long-term regeneration and banking of diverse organs and tissues are now possible due to technical advances in regenerative medicine and organ transplantation.

This report offers the major market player’s profiles, such as Merck KGaA, Avantor, Inc., Bio-Techne Corporation, BioLife Solutions, Inc., Thermo Fisher Scientific Inc, ThermoGenesis Holdings, Inc., Worthington Industries, Inc., Chart Industries, Inc, So-Low Environmental Equipment Co., Inc., Princeton BioCision, LLC, Shanghai Genext Medical Technology Co. Ltd, Exact Sciences Corporation, Helmer Scientific, Inc., CryoTech, Inc., Arctiko, Nippon Genetics Europe, PHC Holdings Corporation, STEMCELL Technologies, Inc., AMS Biotechnology, and OPS Diagnostics

Opportunities:  Increasing No. of Research & Development

Companies and research communities are expected to increase their R&D investments in order to improve their capabilities and provide more competitive goods and services, which will boost growth prospects. For example, the Cooperative Human Tissue Network (CHTN), which discussed the organisational aspect of bio-banking, exemplifies the research community's consistent efforts.

By Application:

The biopreservation media and equipment market is divided into Therapeutic applications, Scientific applications, Clinical trials, and other applications, depending on the product. In 2019, therapeutic applications had the largest share of the market. The advances in the fields of regenerative medicine and personalised medicine, as well as the the trend in cord blood banking, are all contributing to the segment's development. The high prevalence of chronic diseases around the world, as well as advances in treatment methods, account for the significant share of this category.

The Bio-preservation market report has been categorized as below

By Type

  • Biopreservation Media
  • Nutrient Media
  • Sera
  • Growth Factors & Supplements
  • Biospecimen Equipment
  • Temperature Control Systems
  • Freezers
  • Cryogenic Storage Systems
  • Thawing Equipment
  • Refrigerators
  • Accessories
  • Alarms & Monitoring systems
  • Incubators
  • Centrifuges
  • Other Equipment

By End Users

  • Biobanks
  • Gene Banks
  • Hospitals
  • Other End Users

By Application

  • Therapeutic Applications
  • Research Applications
  • Clinical Trials
  • Other Applications

By Region

  • North America
  • Europe
  • Asia Pacific
  • Rest of World

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Published Date : March-2021