Biopreservation Market Growth Report 2023, Segments, Product Type, Application and Key Trends Forecast to 2028

IMARC Group, a leading market research company, has recently releases report titled "Biopreservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028." The study provides a detailed analysis of the industry, including the biopreservation market trends, share, size, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.

Report Highlights

How big is the global biopreservation market?

The global biopreservation market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028.

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What are the growth prospects and trends in the global biopreservation market?

Biopreservation is a crucial process in the field of life sciences and biotechnology. It involves the use of various techniques to maintain the viability and functionality of biological materials, such as cells, tissues, and even whole organs, for an extended period. The primary objective of biopreservation is to prevent the deterioration and decay of these biological substances, allowing them to be stored and utilized for research, medical purposes, or other applications. One of the fundamental methods of biopreservation is cryopreservation, which involves freezing biological samples at extremely low temperatures, typically using liquid nitrogen. This process effectively halts biological activity and can preserve cells and tissues for years, if not decades. Another approach is chemical preservation, which involves the use of specialized chemicals to inhibit microbial growth and enzymatic reactions that can lead to degradation.

The continuous growth in biomedical research, particularly in areas like genomics, regenerative medicine, and drug development, requires the preservation of biological samples. Biopreservation ensures the integrity and availability of these samples for future experimentation, contributing to scientific advancements. Additionally, organ transplantation is on the rise due to a growing aging population and a higher prevalence of chronic diseases. Biopreservation techniques play a pivotal role in extending the shelf life of organs, making them suitable for transplantation, thus addressing the global organ shortage crisis. Other than this, the development of cell-based therapies, including CAR-T cell therapies and stem cell treatments, relies heavily on biopreservation. These therapies are gaining prominence in treating various diseases, further propelling the need for effective biopreservation methods. Besides this, the pharmaceutical industry is growing, with a focus on personalized medicine and precision drug development. Biopreservation ensures the stability of biological materials used in drug discovery and clinical trials, reducing research costs and enhancing drug efficacy. In line with this, biobanks store a vast collection of biological samples for research and clinical purposes. As biobanking practices continue to evolve, biopreservation solutions become increasingly crucial for maintaining sample quality over extended periods. Moreover, ongoing advancements in biopreservation technology, such as improved cryopreservation techniques, specialized containers, and automated systems, are enhancing the efficiency and reliability of sample storage, further driving market growth.

What is included in market segmentation?

The report has segmented the market into the following categories:

Breakup by Product Type:

• Biopreservation Equipment
• Biopreservation Media

Breakup by Application:

• Therapeutic Applications
• Biobank Applications
• Drug Discovery Applications

Breakup by Region:

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

• BioLife Solutions, Inc.
• Thermo Fisher Scientific Inc.
• VWR International
• LLC
• Panasonic Corporation
• BioCision LLC

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