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(MoneyNewsWire.Net, December 01, 2017 ) Biopreservation has gained significance in the recent years with the rising prevalence of chronic diseases. It is also increasing adopted by the life sciences companies to develop tissue or a cell related therapies. With the increasing spending on healthcare and rising demand for novel-preservatives techniques, the biopreservation market is expected to witness growth.
Through biopreservation, biological samples are stored in an environment suitable for their survival. Biological samples that are stored through biopreservation typically include cells, plasma, tissues, saliva, organs and body fluids. Biobanks are leaning towards software tools and automated systems to improve management, storage and retrieval of HBS without sacrificing sample integrity and sustainability. With the growing volumes of human biological samples to be preserved, the storage space must be utilized efficiently.
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Increasing expenditure of healthcare, increased population opting for preserving new born stem cells, rising R&D expenditure on drug discovery and biobanks, government and corporate organizations investments are the major factors contributing to the growth of the market. Advances in the diagnostics and personalized medicines and increasing applications of biopreservation are also aiding the growth of the market. However, high costs and issues pertaining to the stability of specimens are restraining the growth of the market.
The Europe biopreservation market is segmented on the basis of product type, applications and bio-specimens. Based on the type of product, the market is divided into biopreservation equipment, laboratory information system and biopreservation media. On the basis of bio-specimens, the market is segmented as human organs, stem cells, tissues samples and other bio-specimen. By application, the market is segmented as research, therapeutic applications, clinical trials and others. On the basis end-users, the market is categorised as hospitals, biobanks, gene banks and others. The Europe market, based on the region is segmented as United Kingdom, Germany, France, Italy and Spain.
The major companies in the biopreservation industry are Sigma-Aldrich Corporation, Thermo Fisher Scientific, Inc., BioLife Solutions, Inc., VWR Corporation, BioCision LLC, Taylor-Wharton, Cesca Therapeutics Inc., Lifeline Scientific Inc., So-Low Environmental Equipment Co. and Panasonic Corporation
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