The Biopreservation Market size was estimated USD 2.2 billion in 2022 and is expected to reach USD 16.2 billion by 2030 at a CAGR of 28.4% during the forecast period of 2023-2030.  

The biopreservation market is a rapidly growing sector that plays a crucial role in the preservation and storage of biological samples, such as cells, tissues, organs, and even whole organisms. With advancements in medical research, regenerative medicine, and personalized therapies, the demand for high-quality preserved biological materials has surged.

One of the key drivers behind the growth of the biopreservation market is the increasing prevalence of chronic diseases and age-related disorders. As researchers strive to find effective treatments and cures for these conditions, they heavily rely on well-preserved biological samples for experimentation and drug development. Biobanks and research institutions are thus investing significantly in advanced biopreservation techniques to ensure sample integrity over extended periods.

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Furthermore, the rise of precision medicine has further fueled the demand for biopreservation solutions. With personalized therapies becoming more common, there is a need to store patient-specific samples for future use. Biobanks are now storing genetic material like DNA and RNA to aid in diagnostic testing, disease monitoring, These advancements in biopreservation techniques have also led to the development of cryopreservation methods, which involve freezing samples at extremely low temperatures. Cryopreservation allows for long-term storage of biological materials, such as stem cells and tissues, without compromising their viability. In addition to storing genetic material, biobanks are also preserving other types of samples, such as serum, plasma, and urine, to support various research studies. These samples can provide valuable insights into biomarkers, disease progression, and treatment response. The growing importance of biopreservation in research and healthcare has prompted the development of automated systems and specialized storage facilities. These advancements ensure proper handling, tracking, and retrieval of samples, minimizing the risk of contamination or degradation. Overall, the investment in advanced biopreservation techniques and the expansion of biobanks play a crucial role in advancing scientific discoveries, improving patient care, and accelerating the development of personalized medicine.

KEY MARKET SEGMENTS

By Product

·         Equipment

o    Freezers

o    Refrigerators

o    Consumables

§  Vials

§  Straws

§  Microtiter Plates

§  Bags

·         Liquid Nitrogen

·         Media

o    Pre-formulated

o    Home-brew

·         Laboratory Information Management System

By Application

·         Regenerative Medicine

o    Cell Therapy

o    Gene Therapy

o    Others

·         Bio-banking

o    Human Eggs

o    Human Sperms

o    Veterinary IVF

·         Drug Discovery

Major Players Listed in the Report are as Follows:

Azenta US, Inc., Biomatrica, Inc., BioLife Solutions, MVE Biological Solutions, LabVantage Solutions, Inc., Taylor-Wharton., Thermo Fisher Scientific, Inc., Panasonic Corporation, X-Therma Inc., PrincetonCryo., Hamad Medical Corporation, Qatar BioBank, and Others.

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