Now Available: Biopreservation Market - Global Forecast to 2020

Biopreservation Market by Product (Media, Sera, Cryogenic Storage Systems, Thawing Equipment, Alarms), Biospecimen (Human Tissue, Stem Cells, Organs), Application (Therapeutic, Regenerative Medicine, Clinical Trials), End User - Global Forecast to 2020

The global biopreservation market is expected to reach USD 3,731.03 million by 2020 from USD 2,150.48 million in 2015, growing at a CAGR of 11.65% between 2015 and 2020. The product segments included in this report are biopreservation media & biopreservation equipment. The biopreservation media segment is further divided on the basis of type into nutrient media, sera and growth factors & supplements. Biopreservation equipment segment is further divided into temperature control systems, incubators, centrifuges, alarms & monitoring systems, accessories and other equipments. Temperature control systems segment is further classified into freezers, refrigerators, cryogenic storage systems, thawing equipment. On the basis of biospecimens, the report is segmented into human tissue samples, stem cells, organs and other biospecimens. On the basis of applications; the report is segmented into therapeutic applications, research applications, clinical trials and other applications. The therapeutic applications had the largest share of the biopreservation market in 2015. The research application is expected to be one of the fastest growing applications between 2015 and 2020.

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The geographic segments included in this report are North America, Europe, Asia and Rest of the World (RoW). The geographic analysis reveals that North America accounted for the largest share in the global biopreservation media & equipment market in 2015. Asia regional segment, on the other hand, is expected to register a faster growth from 2015 to 2020.

The key driver for this market is increased healthcare expenditures. Furthermore, growing demand for preserving new-born's stem cells, increasing R&D spending on research, and increasing demand for regenerative medicine will aid the growth of the global biopreservation media & equipment market.

A combination of bottom-up and top-down approaches were used to calculate the market sizes and growth rates of the global biopreservation media & equipment market and its sub-segments. Secondary information was used to identify the overall revenues, geographic reach, and product portfolios of the market players. Estimates of their biopreservation media & equipment product segment revenues were validated through primary interviews. Primary interviews with key opinion leaders were also used to determine percentage shares of each sub segment and the relative differences in the growth rates.

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