Press release
Biopreservation Market Valued at $3 Billion in 2023, Projected to Hit $23.3 Billion by 2032
Biopreservation Market
The Biopreservation Market research report plays an important role in running a successful business as it covers essential industry-related data. It is easy to make strategic decisions and allows you to monitor your business's future growth and trends. We need an effective way to reach target consumers and gain important insights into their opinions, values, and preferences.
The Global Biopreservation Market was valued at USD 3 Billion in 2024, and is anticipated to reach USD 23.3 Billion by 2032, exhibiting a CAGR of 29.1% during the forecast period 2024 to 2032.
The Global Biopreservation Market is split by Type and application. For the period 2024-2032, the growth among segments provides accurate calculations and forecasts for sales by Product Type and Application in terms of volume and value. This analysis can help you expand your business by targeting qualified markets.
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Key Players Mentioned in the Biopreservation Market Research Report:
• BioCision LLC (U.S.)
• BioLife Solutions Inc. (U.S.)
• Cesca Therapeutics Inc. (U.S.)
• Core Dynamics Ltd. (U.S.)
• Custom Biogenic Systems Inc. (U.S.)
• Lifeline Scientific Inc. (U.S.)
• Merck KGaA (Germany)
• Princeton CryoTech Inc. (U.S.)
• VWR International (U.S.)
• Azenta US Inc. (U.S.)
• Thermo Fisher Scientific Inc. (U.S.)
• MVE Biological Solutions (U.S.)
Market Segmentation:
By Products
• Equipment
• Freezers
• Refrigerators
• Consumables
• Vials
• Straws
• Microtiter Plates
• Bags
• Liquid Nitrogen
• Media
• Pre-formulated
• Home-brew
• Laboratory Information Management System (LIMS)
By Application
• Regenerative Medicine
• Cell Therapy
• Gene Therapy
• Other Regenerative Medicines
• Bio-banking
• Human Eggs
• Human Sperms
• Veterinary IVF
• Drug Discovery
It becomes easy to deliver quick business results by getting all the key details related to the industry size and sharing the growth of key drivers. All major primary data and research tools are used by business analysts to form this effective industry report.
Recent Developments
• In 2024, Merck invested more than USD 321.7 million (EUR 300 million) into a new Bioprocessing Production Center in Daejeon, South Korea. The new site is the largest investment by Merck's Life Science business sector in the Asia Pacific to date and demonstrates the company's commitment to expanding its capacities in the fast-growing region. Merck expects the investment to create approximately 300 additional jobs by the end of 2028.
• In 2024, Thermo Fisher Scientific introduced its newest line of high-performance, ultra-low temperature (ULT) freezers. With enhancements to performance, user experience, and energy efficiency, the Thermo Scientific TSX Universal Series ULT Freezers seamlessly adapt to scientists' workflows across a variety of lab settings, marking a new era in performance, reliability, and sustainability.
• In 2023, Avantor entered into an agreement with Tobin Scientific, a leading provider of biopharma cold chain, ambient storage, and transport & logistics services, to support end-to-end moves for US biopharma customers looking to relocate the labs, research facilities, and samples. This partnership will deal with the growing customer need for complex logistics solutions with temperature-specific requirements.
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Market Estimates:
➨ The industry was valued in 2023: USD 3 Billion
➨ Industry Expected To Grow By 2032: USD 23.3 Billion
➨ CAGR During Provision Period: 29.1%
This Biopreservation Market report conducts a systematic flow of the business to give deep perceptions, evaluate industry status, make significant improvements, and follow the previous performance.
Several businesses have been forced to close due to the COVID-19 outbreak. This Biopreservation Market study report contains information on industry changes, business-enhancing variables, trends, and emerging industries, as well as statistics on upcoming events and promotional activities.
Regional Analysis of Biopreservation Market:
➛ North America (the United States, and Canada, Mexico)
➛ Europe (UK, Germany, France, Italy, and Russia)
➛ Asia-Pacific (Japan, Korea, India, China, and Southeast Asia)
➛ South America (Argentina, Colombia, and Brazil)
➛ The Middle East and Africa (Saudi Arabia, Nigeria, Egypt, UAE, and South Africa)
The global Biopreservation Market research study's main role is to forecast if a product will gain profit in the business. The industry participants benefit greatly from such forecasting since they may introduce or authorize new items into the market to expand their business.
The fundamental industry facets, business key drivers, restraints, existing problems, forthcoming opportunities, and forecasts. This Biopreservation Market business survey depicts a few exact customer insights to build technology strategies to make investment useful.
The primary and secondary methods provide extensive industry data to help you make business choices and bring new items to market.
Read Full Research Report with [TOC] @ https://www.vantagemarketresearch.com/industry-report/biopreservation-market-2276
Key Questions Answered in Biopreservation Industry Report:
➤Which are the five top players of the Biopreservation Industry?
➤How will the Biopreservation Market change in the upcoming years?
➤Which product and application will take a share of the Biopreservation Industry?
➤What will be the CAGR and size of the Biopreservation Market throughout the forecast period?
➤What are the drivers and restraints of the Biopreservation Industry?
➤Which regional market will show the highest growth?
➤What is the current Biopreservation Industry size, what will the market size be in 2030 and what will the growth rate be?
➤Who are the major competitors and what is their strategy?
➤What are the challenges to grow in the Biopreservation Industry?
➤What are the market opportunities and challenges faced by the key vendors?
➤What are the barriers to entry for new players in the Biopreservation Industry?
Scope of the Report:
Rising demand for product reliability, increase in business analytics, and powerful compliance regulations are the major key drivers for the growth of the Biopreservation Market. An overview of the Biopreservation Market with valuable sources creates opportunities for the Biopreservation Market business in the coming years. Each industry segmentation allows readers to understand the difficulties of industry situations.
Highlights of The Biopreservation Industry Report:
➤ A complete backdrop analysis, which includes an assessment of the Biopreservation Industry.
➤ Significant changes in business dynamics.
➤ The Biopreservation Market business segmentation up to the second or third level.
➤ The historical, current, and projected size of the business from the standpoint of both value and volume.
➤ Reporting and evaluation of present industry developments.
➤ Business shares and strategies of key players in the Biopreservation Market.
➤ Emerging trends, segments, and regional markets.
➤ An objective assessment of the trajectory of the Biopreservation Market.
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➸ Prenatal Genetic Testing Market: https://www.globenewswire.com/en/news-release/2023/06/05/2681752/0/en/Prenatal-Genetic-Testing-Market-Size-Share-to-Surpass-24-9-Billion-by-2030-Vantage-Market-Research.html
➸ Metamaterials Market: https://www.globenewswire.com/en/news-release/2023/04/10/2643528/0/en/Metamaterials-Market-Size-Share-to-Surpass-2509-8-Billion-by-2030-Vantage-Market-Research.html
➸ Lab Automation Market: https://www.vantagemarketresearch.com/industry-report/lab-automation-market-2308
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