Biopreservation is the process of preserving cells, tissues, or organs outside of their native environment for extending their shelf life. It means using natural flora and its antibacterial products to preserve biological material. It has developed as an effective preservation technique for long-term storage. Various media and types of equipment are used to carry out the process of biopreservation. It is a crucial technique in the healthcare and food industry for long-duration biopreservation. It is extensively used for retaining the integrity and functionality of clinical trial material, embryos, sperms, eggs, and stem cells, in various research and healthcare institutes.
MARKET SCOPE
The "Global Biopreservation Media and Equipment Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of the biopreservation media and equipment market with detailed market segmentation by type, biospecimen type, application, end user, and geography. The report provides key statistics on the market status of the leading biopreservation media and equipment market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
-Based on type, the global biopreservation media and equipment market is segmented into biopreservation media and biopreservation equipment.
-On the basis of biospecimen type, the market is bifurcated into human tissue, organs, stem cells and other biospecimens.
-On the basis of application, the market is bifurcated into therapeutic, research, clinical trials and other applications.
-On the basis of end-users, the market is bifurcated into hospitals, biobank, gene banks and other end users.
MARKET DYNAMICS
Drivers
-The growing prevalence of chronic diseases such as obesity, cardiac, and diabetes and the increasing trend of conserving blood stem cells of newborns are the significant factors that will drive the biopreservation media and equipment market growth.
-Advances in biobanking and increasing adoption of regenerative medicine boost the growth of the market.
-Growing healthcare expenditure, increased adoption of advanced technologies in biopreservation processes, and government initiatives to support stem cell therapies in disease treatment fuel the market growth.
-Rising research and development investment in life sciences and increasing demand for personalized medicine propel the market growth.
Restraints
-High cost associated with preserving the bio-samples.
-Scarcity of skilled personnel for handling the biopreservation process.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The biopreservation media and equipment market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the biopreservation media and equipment market in these regions.
IMPACT OF COVID-19 ON BIOPRESERVATION MEDIA AND EQUIPMENT MARKET
COVID-19 first began in Wuhan (China) during December 2019, and since then, it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, UK, Turkey, Italy, and Spain are some of the worst affected countries in terms of confirmed cases and reported deaths. The outbreak has resulted in a positive growth of the biopreservation market. As biopreservation helps in the diagnosis and development of various treatments for different types of diseases. The vast and continuous effort to manufacture a vaccine to combat the effect of coronavirus pandemic. Patient sample collection, processing, and analysis were done in an emergency. As the sample needs to be preserved for a long duration to identify disease structure and through this sample analysis of infection can be done, and result in more accuracy towards vaccine development. Here, biopreservation plays a crucial role in preserving covid samples for an extended period of time. As the rate of infection increases and mutation in the virus has been witnessed hence, the surge in demand for generating more accurate vaccines will drive the market in the forecast period.
MARKET PLAYERS
The report covers key developments in the biopreservation media and equipment market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from biopreservation media and equipment market are anticipated to have lucrative growth opportunities in the future with the rising demand for biopreservation media and equipment in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the biopreservation media and equipment market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
-Thermo Fisher Scientific Inc.
-BioLife Solutions, Inc.
-Exact Sciences Corporation
-Chart Industries, Inc
-Princeton CryoTech, Inc.
-Helmer Scientific, Inc.
-Arctiko
-Onippon Genetics Europe
-STEMCELL Technologies, Inc.
-Labvantage solutions.Inc.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.