– Global Market Outlook (2017-2023)” report has been added to ResearchAndMarkets.com’s
The Global Biopreservation Market accounted for $2.43 billion in 2016
and is expected to reach $5.31 billion by 2023 growing at a CAGR of
11.8% during the forecast period.
Rising healthcare costs, favourable government initiatives, growing
application areas of bio-preservation, rising adoption of regenerative
medicine, increasing R&D investments by key players & research
organizations, and technological advancements are some of the factors
boosting the market growth. However, huge cost of advanced techniques is
one of the key factors hampering the market.
By cell provider’s volume, tumor cells segment dominated the global
market with largest share in 2014 due to several applications in
research & development.
By product, the biopreservation equipment segment dominated the market
in 2016 owing to rising demand of bio-banks and the extensive usage of
refrigerators, consumables and freezers in bio-preservation.
Furthermore, biopreservation media is projected to grow rapidly due to
growing demand for bio banking of cells, tissues, and other materials.
What the report offers:
For more information about this report visit https://www.researchandmarkets.com/research/xsjszd/global?w=4
View source version on businesswire.com: https://www.businesswire.com/news/home/20180615005468/en/