Biopreservation is the process where the biologicals samples are stored in an environment suitable for their survival. Bio-specimens stored using biopreservation typically includes saliva, plasma, tissues, cells, body fluids and organs. To improve management, storage and retrieval of HBS without sacrificing integrity and sustainability, biobanks are adopting software tools and automated systems to improve storage
According to the report Latin America Biopreservation, published by Market Data Forecast, the market is projected to reach USD 142.12 million by 2021, at a CAGR of 10.5% from 2016 to 2021.
Biopreservation is a procedure where the natural samples are put away in a maintainable domain. Bio-tests that are put away normally incorporate cells, plasma, tissues, spit, organs and body liquids.
To enhance the effectiveness of biobanks, they are receiving programming instruments and computerized frameworks.
With the developing volume of human bio-tests, there is a requirement for productive use of storage room down to every cooler unit or an icebox. The rise of Radio Frequency Identification Systems (RFIS) and Micro Electromechanical Systems (MEMS) as a mistake free and practical innovation for naming the bio-examples, biobanks can serve many long haul benefits contrasted with the customary techniques.
Latin America Biopreservation: Drivers & Restraints
Major drivers contributing to industry growth include increasing R&D expenditure, rising demand for preserving new-born stem cells, growing number of sperm and egg banks, use of assisted reproductive technology (ART) in animals, growing awareness among people and technological advancements in healthcare.A large population base affected with lifestyle related disorders as well as with chronic illnesses such as cardiovascular disease (CVD), cancer and hypertension will boost industry growth. Increasing public and private expenditure on medical goods and services, increasing disposable income, rising demand of regenerative medicines and extensive application of biobanking for preserving cells, tissues and organs will also fuel global biopreservation market size expansion over the forecast timeframe.
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Latin America Biopreservation: Segmentation
Biopreservation Market, by Product
- Biopreservation Media Market, By Types
- Nutrient Media
- Growth Factors and Supplements
- Biopreservation Equipment Market, By Products
- Temperature Control Systems
- Cryogenic Storage Systems
- Thawing Equipment
- Alarms & Monitoring Systems
- Other Equipments
Biopreservation Market, by Biospecimens
- Human Tissue Samples
- Stem Cells
- Other Biospecimens
Biopreservation Market, by Application
- Therapeutic Applications
- Research Applications
- Clinical Trials
- Other Applications
Biopreservation Market, by End User
- Gene Banks
- Other End Users
Latin America Biopreservation: Overview
The growing prevalence of chronic diseases like acute respiratory diseases, diabetes, cardiovascular diseases and cancer has increased the demand for biopreservation. Life sciences companies have been increasingly using biopreservation media to develop cell and tissue related therapies.
Many large academic institutions, healthcare institutions, governments, bio technology and pharmaceutical companies are investing in bio banks and biorepositories clinical research.
The Latin America Biopreservation Market is estimated to be a $142.12 million market in 2016 and is forecasted to reach $242.3 million market by 2021 with a tremendous CAGR of 10.5% in the review period. Based on geography, Latin America is segmented as Brazil, Argentina and Mexico.
VWR Corporation, Thermo Fisher Scientific, Inc., BioLife Solutions, Taylor-Wharton, So-Low Environmental Equipment Co., Panasonic Corporation, Sigma-Aldrich Corporation, BioCision LLC, Cesca Therapeutics Inc., and Lifeline Scientific Inc. are the major players of Latin America Biopreservation market.
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