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(Medical-NewsWire.com, November 20, 2018 ) Bio preservation Market Overview
Bio preservation Media is being increasingly used by the life sciences companies to develop tissue or cell-related therapies. Many academic institutions, governments, healthcare establishments, pharmaceuticals and bio technology companies are funding bio repositories and bio banks clinical research. Increasing healthcare expenditure and rise in demand for novel bio-preservatives techniques is expected to aid the growth of the market.
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The drivers of the Bio preservation market include increasing healthcare expenditure, increased demand for preserving newborn's cord cells, increasing R&D spending on research advances in the regenerative market, drug discovery and bio banks, investments by government and non-government corporate organizations. Advancements in the field of personalized and diagnostics medicines, increasing bio preservation applications and new facilities are also expected to act as a growth catalyst for the market. However, the market growth is hampered by a few restraints that include high cost related to technologically advanced products and stability issues of specimens.
Bio preservation Market Forecast Report (2018-2023)
Global Bio preservation Market is valued at USD 3060 Million in 2018 and is estimated to reach USD 5620 Million by 2023 with a CAGR of 12.94% from the forecast year 2018 to 2023.
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Bio preservation Market Segmentation
The global bio preservation market is segmented based on the product type as bio preservation media, bio preservation equipment, and lab information system management. Based on the bio-specimens, the market is categorized as human tissue samples, organs, stem cells and other bio-specimens. Based on application, bio preservation market is analyzed as therapeutic applications, research applications, clinical trials and other applications. Based on the end-users, the market is segmented as bio banks, gene banks, hospitals and others.
Geographically, the Global Bio preservation market is differentiated over North America, Asia Pacific, Middle East and Africa, Europe and Latin America. North America dominates the global market with more than 50% market share.
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Major Players:
The major companies dominating this market for its products and services are
• BioLife Solutions, Inc.,
• Thermo Fisher Scientific, Inc.,
• Sigma-Aldrich Corporation,
• BioCision LLC,
• VWR Corporation,
• Cesca Therapeutics Inc.,
• Taylor-Wharton,
• So-Low Environmental Equipment Co.,
• Panasonic Corporation
• Lifeline Scientific Inc.
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Market Data Forecast.
Abhishek Shukla
+1-888-702-9626
abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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