The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s biopreservation market report forecasts the biopreservation market size to grow to $8.50 Billion by 2027, with a CAGR (compound annual growth rate) of more than 11%.

Learn More On The Biopreservation Market Report 2023 – https://www.thebusinessresearchcompany.com/report/biopreservation-global-market-report

Biopreservation Market Size Forecast
The global biopreservation market is expected to grow from $4.92 billion in 2022 to $5.51 billion in 2023, at a compound annual growth rate (CAGR) of 11.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global biopreservation market size is expected to reach $8.50 billion in 2027 at a CAGR of 11.5%.

North America held the largest biopreservation market share.

Key Biopreservation Market Driver ­– Increase In Demand For Personalized Medicine
For instance, in September 2021, the Swedish Government invested SEK 220 million ($1.87 million) in the Swedish national infrastructure of Genomic Medicine Sweden (GMS) to make it easier to keep integrating precision medicine into Swedish healthcare. It ensures that every person can access more accurate tests and individualized care. Such investments are taking place due to a rise in demand for personalized medicines. Thus, the increasing demand for personalized medicine is expected to propel the biopreservation market growth going forward.

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Key Biopreservation Market Trend – Technological Innovation
Major players are adopting new technologies such as next-generation cryopreservation solutions, integration and design with nanoscale technology, and standardization of hypothermic storage for preserving complex tissues and organs over time. Cryopreservation is the process of safeguarding material at an extremely low temperature (196 °C) either very quickly, as in the case of seed storage, or gradually, with simultaneous dehydration, as in tissue culture. For instance, in September 2021, AMSBIO, a US-based provider of quality life science research reagents and services, launched a next-generation cryopreservation product, STEM-CELLBANKER EX. STEM-CELLBANKER EX is a cryopreservation media solution that eliminates the requirement for the customary washing procedures necessary for the creation of cell therapy products. It has demonstrated remarkable post-thaw cell viability and recovery.

Biopreservation Market Segment
1) By Type: Biopreservation Equipment, Biopreservation Media
2) By Biospecimen: Human Tissue Samples, Organs, Stem Cells, Other Biospecimens
3) By Application: Therapeutic Applications, Research Applications, Clinical Trials, Other Applications
4) By End User: Biobanks, Gene Banks, Hospitals, Other End Users

Biopreservation Market Major Players and Strategies
Major players in the biopreservation market are Thermo Fisher Scientific Inc., BioLife Solutions Inc., VWR International LLC, Custom Biogenic System, BioCision LLC, Princeton Cryotech Inc., Lifeline Scientific Inc., Biomatrica Inc., Exact Sciences Corporation, QIAGEN, ThermoGenesis Holdings Inc., Stirling Ultracold, MVE Biological Solutions, Taylor-Wharton, and X-Therma Inc.

In January 2020, Royal DSM, a Netherlands-based corporation focused on health, nutrition, and materials, acquired Koninklijke CSK Food Enrichment C.V. (CSK) for $166 million (€150 million). With this acquisition, DSM intends to expand upon its array of food and beverage products as well as its knowledge of expanding global markets and trends. CSK is a Netherlands-based company specializing in biobased dairy.

The Biopreservation Global Market Report 2023 covers regional data on biopreservation market size, biopreservation market trends and drivers, opportunities, strategies, and biopreservation market competitor analysis. The countries covered in the biopreservation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Biopreservation is defined as the use of microorganisms and their metabolic byproducts to increase food safety and shelf life. It is used to preserve biospecimens for a longer period and shield them from any harm outside their native environment. Biospecimens are samples of materials such as urine, blood, tissue, cells, DNA, and others that are kept in a biorepository for future research or utilized for a lab test.

View More Reports Related To The Biopreservation Market –
Food Preservatives Global Market Report 2023
Food Pathogen Detection Technology Global Market Report 2023
Food Dehydrators Global Market Report 2023

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