Biorepositories: Applications & End-users - A Global Market Watch, 2009-2015

With a CAGR of 7.9%, global market value for biorepositories market is anticipated to be worth US$23.9 billion by 2015. On a global scale, North America accounts for more than 30% of the market. While US accounts for the highest share of the global market value on a country basis, India and China surpasses the US in terms of growth rate anticipated in the near future and leads the world. Share of stem cells market in Biorepositories is forecasted to become nearly 30% by 2015, with a massive CAGR of 18.7%. Among the segments, blood Products market is expected to reach US$2.8 billion. Our analysis indicates that human and veterinary uses would worth US$2.6 billion and US$2.8 billion, respectively by 2015. Pharmaceuticals account for the largest share of the entire market, driving a CAGR of 8.5% during the analysis period 2009-2015. Biotechnology sees as the fastest growing end-user with a forecast of US$4.9 billion by 2015, with a CAGR of 9.2%. Personal Care and Food and Beverages segments indicate a CAGR of approximate 8% during the period while Petrochemicals are expected to grow with a CAGR of 7%.