Biopreservation Market Is Anticipated To Grow At A Cagr Of 8%-10% From 2020 To 2025

By Author: Lucintel LLC
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The global biopreservation market is projected to grow at a CAGR of 8%-10% from 2020 to 2025. The growth of biopreservation market is driven by increasing R&D investments, advancements in biobanksing, growing trend of conserving cord blood stem cells of newborns, rising investments in regenerative medicine research, and increasing demand for personalized medicine.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising potential, high-growth opportunities for the global biopreservation market by type (media (sera), and equipment (thawing equipment, alarms, and freezers)), biospecimen (human tissue, stem cells, and organs), application (therapeutics, research, and clinical trials), end user (hospitals, biobanks, gene banks, and others), and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the biopreservation market?
Q.4 What are some changing demands of customers in the biopreservation market?
Q.5 What are the new developments ...
... in the biopreservation market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this biopreservation area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this biopreservation market?
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Market Segmentation:
Based on type, the biopreservation market is segmented into media (sera), and equipment (thawing equipment, alarms, and freezers). The equipment segment accounted for the largest share of the market in 2020 and is expected to register the highest CAGR during the forecast period, due to the increasing demand for bio-bankss, extensive usage in DNA, plasma, stem cell, and tissue research, widespread adoption, high cost efficiency, and low maintenance.
North America will remain the largest region, and it is also expected to witness the highest growth over the forecast period due to consistent drug developments and advanced therapies in the field of biomedical research, rise in patient base requiring high-end treatment for chronic diseases, and high demand for biopreservation products and services.
Key Players in the biopreservation market are Thermo Fisher Scientific, Merck, Avantor, ThermoGenesis, Bio-Techne Corporation, BioLife Solutions, Exact Sciences Corporation, Worthington Industries, and Chart Industries.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
To read more about this market please click on https://www.lucintel.com/biopreservation-market.aspx
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
Email: brandon.fitzgerald@lucintel.com
Tel. 972.636.5056
Cell: 303.775.0751
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