Revolutionizing Storage: Analyzing the Biopreservation Market and its Potential

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.

IMARC Group, a leading market research company, has recently released a 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 global biopreservation market report, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. Biopreservation represents the process of using natural or controlled antibacterial products to preserve and collect several biospecimen, such as saliva, tissues, cells, plasma, and organs, outside of their native environment. Some of the common equipment comprise liquid nitrogen banks, freezers, refrigerators, etc., that ensure the stability and purity of the biological materials, thereby extending their shelf life. Biopreservation also exhibits non-immunogenic, non-toxic, broad bactericidal activity, and thermo-resistance properties. Consequently, it is extensively used in healthcare facilities for numerous clinical applications, such as genomics research, organ transplantation, storing clinical trial materials, cell-based studies, personalized medicine, etc. Biopreservation exploits the antimicrobial activities of pathogens on food items. As a result, it finds wide-ranging applications in the food and beverage (F&B) industry. 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. Current Trends Shaping the Global Biopreservation Market The increasing prevalence of cancer, diabetes, degenerative conditions, and neurological disorders is primarily driving the biopreservation market. Additionally, the inflating healthcare expenditure capacities of individuals and the escalating demand for regenerative medicine, where the cellular components are used to restore the normal functioning of damaged tissues, are further bolstering the market growth. Besides this, continuous advancements in biopreservation methods and equipment are acting as significant growth-inducing factors. Moreover, the widespread adoption of biospecimens in medical research for developing novel therapies and drugs is positively influencing the global market. Apart from this, the rising need for supporting stem cell therapies and enhancing bio-banking and preservation standards and the launch of favorable policies by government bodies to improve the healthcare infrastructures are also stimulating the market growth. Furthermore, extensive investments in R&D activities are anticipated to fuel the biopreservation market over the forecasted period. Who are the key players operating in the industry? The report covers the major market players including: • BioLife Solutions, Inc., • Thermo Fisher Scientific Inc., • VWR International, LLC, • Panasonic Corporation • BioCision LLC. Request your free sample copy of this report:- https://www.imarcgroup.com/biopreservation-market/requestsample 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 Market Breakup by Region: • North America (United States, Canada) • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others) • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others) • Latin America (Brazil, Mexico, Others) • Middle East and Africa About Us IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC Group’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. Contact US IMARC Group 134 N 4th St. Brooklyn, NY 11249, USA USA: +1-631-791-1145 | Asia: +91-120-433-0800 Email: sales@imarcgroup.com Follow us on Twitter: @imarcglobal LinkedIn: https://www.linkedin.com/company/imarc-group/mycompany/