Surge in New Biopreservation Facilities to Help Global Market Reach US$5.74 Bn by 2019 The global biopreservation market stands to grow at a strong CAGR of 16.7% from 2013 to 2019, according to Transparency Market Research. A report published by TMR, titled “Biopreservation Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019”, indicates that the advancement in biopreservation applications, increase in new biopreservation facilities, and untapped opportunities in emerging economies will drive the market from US$1.95 billion in 2012 to US$5.74 billion in 2019. This report encompasses market estimations for the global biopreservation market for the forecast period 2013 to 2019. The market size is forecast considering 2012 as the base year and is represented in terms of USD million. The stakeholders for this report include market players in the biopreservation industry who aspire to gain further insights into this market in terms of different product types and applications. Moreover, this report can also be helpful for the new players desiring to enter the global biopreservation market.
Biopreservation involves storing of biological samples in a conducive environment to maintain cell viability until their end-use. Cells, tissues, saliva, plasma, organs other body fluids are some of the types of biological samples being preserved for various medical purposes. Biological samples are considered to be of high importance for the development of new products and treatment of chronic conditions. The market dynamics section of this report analyzes the impact of drivers, restraints and opportunities on the global biopreservation market. Rising demand for storage of biological samples coupled with increasing number of biopreservation facilities are considered some of the major driving factors in this report. Porter’s five forces analysis for the global biopreservation market provides insights on the intensity of competition which can aid in decision making for investments in this industry. The market attractiveness section of this report provides a graphical representation of the attractiveness of biopreservation market in four major regions – North America, Europe, AsiaPacific and Rest of the World, based on the market size, industrial environment and growth rate in respective regions, in 2012. The global biopreservation market is categorized on the basis of product type, application and geography. The market size, from the period 2011 to 2019, for each of these segments is provided in USD million. In addition, growth rate in terms of CAGR (%) is estimated for the