North America Biopreservation Market, By Product Type (Biopreservation Media and Biopreservation Equipment), Biospecimens (Human Tissue Samples, Organs, Stem Cells and Other Biospecimens), Application (Therapeutic Applications, Research Applications, Clinical Trials and Other Applications), End User (Bio Banks, Gene Banks, Hospitals and Other End Users), Country (U.S., Canada and Mexico) Industry Trends and Forecast to 2028.
Market Analysis and Insights of North America Biopreservation Market
Data Bridge Market Research analyses that the biopreservation market will exhibit a CAGR of around 11.79% for the forecast period of 2021-2028. Growing trend in the conservation of cord blood stem cells for new-borns, increased focus on research and development proficiencies in regards to medical devices and on the adoption of advanced healthcare technologies, ever-rising geriatric population and rising expenditure on the healthcare infrastructure development especially in the developing economies are the major factors attributable to the growth of biopreservation market.
From the name itself, it is clear that biopreservation refers to expanded lifespan and increased food safety. It is a medical technology that is used for the conservation of biospecimens such as purified DNA, saliva, and plasma. This medical technology helps in storage of tissues, organs and cells.
Upsurge in the prevalence of cardiac diseases, diabetes and obesity globally is one of the major factors fostering the growth of the market. Rising focus on the healthcare technological advancements coupled with growing investment in regenerative medicine is another market growth determinant. Lucrative growth opportunities in emerging markets, rising investments in bio-banking, surging research and development activities in the life sciences sector and increasing personal disposable income will further generate lucrative market growth opportunities.
However, high costs associated with procedures will derail the market growth rate. Lack of medical experts especially in the developing and underdeveloped economies and unfavourable reimbursement scenario will further pose challenges for the market. Complications associated with stability and tissue damage and stringent regulations associated with manufacturing of the products will hamper the market growth rate.
This biopreservation market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on biopreservation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
North America Biopreservation Market Scope and Market Size
The biopreservation market is segmented on the basis of product type, biospecimens, application and end user. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- Based on product type, the biopreservation market is segmented into biopreservation media and biopreservation equipment. Biopreservation media is further segmented into nutrient media, sera and growth factors and supplements. Biopreservation equipment is further segmented into temperature control systems, accessories, alarms and monitoring systems, incubators, centrifuges and other equipment. Temperature control systems have further been sub-segmented into freezers, cryogenic storage system, thawing equipment and refrigerators.
- On the basis of biospecimens, the biopreservation market is segmented into human tissue samples, organs, stem cells and other biospecimens.
- The application segment of the biopreservation market is segmented into therapeutic applications, research applications, clinical trials and other applications.
- On the basis of end user, the biopreservation market is segmented into bio banks, gene banks, hospitals and other end users.
North America Biopreservation Market Country Level Analysis
The biopreservation market is analysed and market size insights and trends are provided by country, product type, biospecimens, application and end user as referenced above.
The countries covered in the biopreservation market report are U.S., Canada and Mexico.
U.S. has emerged to be the most lucrative region in North America owing to the ever-rising geriatric population base and rising demand for preservation of blood, solid tissue specimen.
The country section of the biopreservation market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure growth Installed base and New Technology Penetration
The biopreservation market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for biopreservation market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the biopreservation market. The data is available for historic period 2010 to 2019.
Competitive Landscape and North America Biopreservation Market Share Analysis
The biopreservation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to biopreservation market.
The major players covered in the biopreservation market report are thermo Fisher Scientific Inc., Sigma-Aldrich Co., BioLifeSolutions Inc., Lifeline Scientific, BioCision, Cesca Therapeutics, Inc., Core Dynamics, Ltd., Custom Biogenic Systems, So-Low Environmental Equipment Co., Princeton CryoTech, Biomatrica, Inc., Chart Industries, LabVantage Solutions, Inc., Atlanta Biologics Inc., Taylor-Wharton, Panasonic Corporation, QIAGEN, VWR International, LLC, Biogenics, Inc. among other. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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