The global Global Biopreservation Market is forecasted to reach USD 5.63 Billion by 2027, according to a new report by Reports and Data. A rise in the incidence of chronic diseases, such as renal, cardiac, cancer, and Diabetes, will propel the demand for the market.
According to the International Diabetes Federation (IDF), approximately 463 million adults, in 2019, were living with Diabetes, and by the year 2045, the number is expected to rise to 700 million. The disease led to 4.2 million deaths and caused the healthcare sector USD 760 billion. Cancer caused almost 9.6 million deaths in 2018. The number of cases is expected to rise to 30 million by 2040 from 18 million in 2018.
Moreover, factors like varying disease patterns, increasing awareness among the population for general wellness and overall healthcare, flexible government policies and regulations together with the applicability of stem cells in research centers focusing on cancer treatment are estimated to escalate the market demand across regions in the upcoming years.
North America dominates the market owing to the increasing number of manufacturers, the spread of infectious diseases, improved health care infrastructure, and the development of various new products. Increasing the production of innovative products and the growth of manufacturers in their countries has led Europe to progress its global presence in the industry supported by mergers and acquisitions that are increasing the global presence of European markets.
Market Overview:
The pharma and healthcare industry is at a crossroads. Patients are benefiting from the promise of cell and gene therapies; uncommon diseases that were previously thought to be incurable are on the verge of finding true treatments. Artificial intelligence (AI) and machine-learning technologies are creating hopes that therapy discovery and development would be more innovative, as well as faster and cheaper. Manufacturing, the supply chain, and the entire healthcare ecosystem all have the potential to benefit from data-driven initiatives. Consumer attitudes and behaviors are shifting in a variety of ways, from the growing use of technology and willingness to share data to an interest in using tools to make prescription and treatment decisions. Such factors will drive pharma and healthcare market growth in the coming years.
Key Players covered in this report are:
Merck KGaA, ThermoGenesis Holdings, Inc., Thermo Fisher Scientific Inc., Avantor, Inc., Bio-Techne Corporation, Exact Sciences Corporation, BioLife Solutions, Inc., and Worthington Industries, Inc., BioCision, and Chart Industries, Inc., among others.
Type Outlook (Revenue, USD Billion; 2017-2027)
- Biospecimen Equipment
- Biopreservation Media
- Cryogenic Storage Systems
- Freezers
- Refrigerators
- Thawing Equipment
Biospecimen Outlook (Revenue, USD Billion; 2017-2027)
- Organs
- Human Tissue Samples
- Stem Cells
- Others
Application Outlook (Revenue, USD Billion; 2017-2027)
- Research Applications
- Therapeutic Applications
- Clinical Trials
- Others
End Users Outlook (Revenue, USD Billion; 2017-2027)
- Gene Banks
- Biobanks
- Hospitals
- Others
Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East Africa
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Major Points covered in this report are as below:
• The Biopreservation industry development trends and marketing channels are analyzed. The feasibility of new investment projects is assessed and overall research conclusions are offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes, and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue, and gross margins.
• The Biopreservation Market report provides key statistics on the market status of the Biopreservation manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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