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The process of applying natural or controlled antimicrobials to preserve food materials for extending its shelf life is known as biopreservation. The biopreservation process is usually carried out with the help of lactic acid bacteria (LAB) as they are inhibitory to microbes responsible for food spoilage.
Scope of the Report:
This report studies the Biopreservation market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Biopreservation market by product type and applications/end industries.
There are main factors contributing to the growth of market including to Improving Healthcare Expenditure, Increasing Advancements in Research and Development, Adoption of In-House Sample Storage in Hospitals and Labs and Investments in Biobanks and Personalized Medicine. Healthcare spending continues to rise faster than the economic growth in most countries, maintaining a trend that has been observed over decades. The presence of equitable, responsive, and efficient health systems across North America, Europe, UK, and Asia-Pacific, has also contributed to the maximum share of GDP that is being utilized in healthcare expenditure. Biopreservation facilities require highly sophisticated equipment and instruments to maintain samples at constant temperatures. These sophisticated equipment and instruments are expensive, and their high cost is a major restraint for the growth of the global biopreservation market. North America has the largest share of this market in 2015, while Asia is expected to grow at the fastest rate during the forecast period. Growth in the Asian biopreservation media & equipment market will primarily be driven by the increasing healthcare spending and growing population in this region.
The global Biopreservation market is valued at xx million USD in 2017 and is expected to reach xx million USD by the end of 2023, growing at a CAGR of xx% between 2017 and 2023.
The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions.
North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Biopreservation.
Europe also play important roles in global market, with market size of xx million USD in 2017 and will be xx million USD in 2023, with a CAGR of xx%.
Market Segment by Companies, this report covers
- Thermo Fisher Scientific
- Sigma-Aldrich Corporation
- VWR Corporation
- Core Dynamics
- Custom Biogenic Systems
- So-Low Environmental Equipment
- Princeton Cryotech
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
- Cryogenic Storage Systems
- Thawing Equipment
Market Segment by Applications, can be divided into
- Regenerative Medicine
- Clinical Trials