FORT WORTH, Texas, July 27, 2015 /PRNewswire/ --
According to the new Market Research Report "Global Biopreservation Media Market by Type (Home-brew Media, Pre-formulated Media), by Application (Biobanking, Regenerative Medicine, Drug Discovery), by Geography (North America, Europe, Asia-Pacific, Rest of the World) - Analysis & Forecast to 2019", The global biopreservation media market was valued at $247.7 million in 2014, which is estimated to grow to around $571.5 million by 2019, at a CAGR of 18.2% between 2014 and 2019.
Browse through the TOC of Biopreservation Media Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Biopreservation is a vital method for the stabilization of natural and engineered tissues to permit transportation and extended shelf life. Biopreservation is a rapidly emerging field of specimen procurement, processing, preservation, and banking. These specimens can be cells, tissues and organs, macromolecules, fungi, viruses, and bacteria. Biopreservation maintains the integrity and functionality of cells outside the native environment for extended storage times.
The biopreservation media market is driven by factors such as advancements in the regenerative market and biobanking. Corporate, government, and non-government organizations are making huge investments in cell-therapy and regenerative medicine research. These investments hold great promise to identify the cause of diseases, translate findings, and accelerate personalized medicine as well as to improve diagnostics, public health, and preventive measures. Investments in related research are also helping in expanding the market for biopreservation media.
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The demand for biopreservation storage media is expected to be fuelled by human tissue biobanking, which is of particular importance for implementation of novel biomarkers into clinical trials. Regenerative medicine focuses on both regenerating damaged tissues and organs in the body as well as growing tissues and organs in the laboratory and then implanting them in the body. Biobanking is a technique similar to biorepository that stores the biological samples of human beings. The global biopreservation storage media market is expected to receive impetus from rapid advancements in biobanking technology.
Key Players of the Global Biopreservation Media Market include:
Lifeline Scientific Inc. (U.S.), BioLife Solutions Inc. (U.S.), Thermo Fisher Scientific, Inc. (U.S.), Sigma-Aldrich Corporation (U.S.), Wak-Chemie Medical GmbH (Germany), VWR International LLC (U.S.).
The types comprise home-brew and pre-formulated media where home-brew media is dominating the market while the applications consist of regenerative medicines, biobanking, and drug discovery. The global biopreservation media market is further segmented and forecast on the basis of major regions including North America, Europe, Asia-Pacific, and RoW. The market is comprehensively analysed at a granular level by geography to provide in-depth information on both global and regional level. The North American region accounted for the largest share in terms of revenue, followed by Europe.
This report also includes the market share and value chain analyses as well as market metrics such as drivers, restraints, and upcoming opportunities in the market. In addition, it presents a competitive landscape and company profiles of key players in the market
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