HYDERABAD, India, September 30, 2016 /PRNewswire/ --
Mordor Intelligence announces the publication of their research report on the biopreservation market. The report titled, "Global Biopreservation Market-Trends, Growth and Forecast" discusses the current landscape and outlook of the market.
The global biopreservation market is estimated to be USD 2,223.7 million in 2016 and is expected to reach USD 3,312.9 million by 2021, growing at a CAGR of 8.3% during the forecast period. The report provides detailed insights on the current market scenario, its prospects and forces driving and restraining the market growth. The report covers the market trends of North American, European, Asia-Pacific, Latin American and Middle East & African (MEA) regions.
The increment of investments in research and development, expenditure on healthcare and awareness of biobanking is expected to have a direct impact on the bio preservation market and its growth. This is expected to result in the growth of emerging markets more than the industrialized nations in the coming years.
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The market for biopreservation can be segmented based on end users (biobanks, gene banks, hospitals); products (biopreservation media, temperature maintaining units and centrifuges); and by applications (therapeutics, research, clinical trials).
The trends in personalized medicine and regenerative medicine are bringing in many healthcare companies to invest in this market. Currently, the North American market accounts for the largest market share due to the adoption of technologically advanced products in United States which is also world's largest research hub. APAC is the fastest growing market globally. Recent advances in the tools and technology of molecular biology and genetics have increased the demand for preserved biospecimen in APAC.
The leading companies that dominate the infant nutrition market are Biolife solutions, Cesca therapeutics, Lifeline scientific, Sigma-Aldrich Corporation, Thermo Fisher Scientific, Inc., Biocision, Custom biogenic systems, Chart Industries, Hamilton Company, Simport scientific, Lifeline scientific, Inc. and others.
About Mordor Intelligence:
Mordor Intelligence is a global market research and consulting firm. Our focus is to provide research insights to facilitate business success. Our research expertise covers niche segments under Agriculture, Healthcare, ICT, Chemicals, Manufacturing, Logistics, Electronics and Automotive, among others. We believe in data, and we provide solutions through it. Optimum solutions and goal-oriented strategies define our endeavors and make us the preferred choice for clients.
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SOURCE Mordor Intelligence