Biopreservation Market 2023 : By Industry Trends, Segments And Forecast To 2032 | BioLife Solutions Inc., VWR International LLC, Custom Biogenic System, BioCision LLC, Princeton Cryotech Inc.

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 Global Market Report 2023 identifies increasing demand for personalized medicine as the major driver for the Biopreservation market's growth in the forecast period. Personalized medicines are developed with the help of biobanks, which preserve human tissues and cells using biopreservation. 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.

The global biopreservation market size 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%.

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Major competitors 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.

A key trend in the Biopreservation market includes 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.

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The Biopreservation market is segmented -
By Type: Biopreservation Equipment, Biopreservation Media

By Biospecimen: Human Tissue Samples, Organs, Stem Cells, Other Biospecimens

By Application: Therapeutic Applications, Research Applications, Clinical Trials, Other Applications

By End User: Biobanks, Gene Banks, Hospitals, Other End Users

By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Biopreservation market.

The Business Research Company's "Global Biopreservation Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Biopreservation Market Include:
1. Executive Summary
2. Biopreservation Market Characteristics
3. Biopreservation Market Trends And Strategies
4. Biopreservation Market - Macro Economic Scenario
5. Biopreservation Market Size And Growth
……
26. Africa Biopreservation Market
27. Biopreservation Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Biopreservation Market
29. Biopreservation Market Future Outlook and Potential Analysis
30. Appendix

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