Biopreservation Market Size To Generate Revenue At USD 8.93 Billion By 2022Posted by Neha Bora on January 24th, 2020 San Francisco, 24 January 2020: The Report Biopreservation Market Size, Share & Trends Analysis Report By Product (Equipment, Media, LIMS), By Application (Regenerative Medicine, Bio-banking, Drug Discovery), By Cell Provider, And Segment Forecasts, 2012 – 2022 The global biopreservation market size is expected to reach USD 8.93 billion by 2022, according to a new report by Grand View Research, Inc., exhibiting a 17.3% CAGR during the forecast period. Rising demand for advanced preservation methods and constantly increasing healthcare spending is anticipated to fuel growth potential in future. Hospitals, pharmaceutical companies, and biotechnology firms are increasingly adopting systems for in-house storage of samples and this is anticipated to provide a significant boost to the market. Surging R&D investments by major companies and research communities striving to improve product development capabilities is also presenting the market with immense potential. Technological advancements such as advent of virtual bio-banks, which is predicted to witness a significant upsurge in the application, is also resulting in market progression. In addition, increasing preference for maintaining repositories for biological specimens, for application in organ transplantation and regenerative medicine, has benefited the market. Presence of government initiatives such as International Society of Biological and Environmental Repositories to enhance bio-banking and preservation standards and practices is also broadening the scope for growth over the coming years. Access Research Report of Biopreservation Market @ www.grandviewresearch.com/industry-analysis/biopreservation-market Further key findings from the report suggest:
Grand View Research has segmented the global biopreservation market on the basis of product, application, cell provider, and region: Biopreservation Product Outlook (Revenue, USD Million, 2012 - 2022)
Biopreservation Application Outlook (Revenue, USD Million, 2012 - 2022)
Biopreservation Cell Provider Outlook (Volume, 000’ Units, 2012 - 2022)
Biopreservation Regional Outlook (Revenue, USD Million, 2012 - 2022)
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