Estimated global value Biopreservation the market was USD 6.3 billion in 2021 and is expected to grow at a CAGR 10.2% until 2032.
What are organic preservatives?
To extend the life of biological products including cell lines, DNA, organs and tissues outside their natural environment, biopreservation is a technique that preserves their structural stability and physiological functioning.
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Microarrays and the use of a wide range of predictive analytics, such as hybrid models, as well as other API methods are examples of technological advances that help reduce the time, cost, and complications of the entire process.
In addition, the introduction of multiplexed cellular imaging systems is expected to improve biopreservation capabilities, particularly for cardiology, neurosurgery, and point-of-care applications. These applications include helping to understand disease progression and designing appropriate treatments and diagnostic markers to follow
The key players in the global biopreservatives market are:
Accounts of leading firms worldwide are provided; market pressures and share of market percentages owned by well-known businesses have been carefully researched and calculated.
This report contains contact information that includes an overview, list of services offered, financial results, strategy pursued and important recent partnerships.
Ultimately, this report will equip the reader to make important business decisions. Simport Scientific, Thermo Fisher Scientific Inc., Atlanta Biologics, ThermoGenesis Holdings Inc., LabVantage Solutions Inc., Lifeline Scientific, Core Dynamics Ltd., Hamilton Company and others are the major players in the global biopreservation market.
Other companies also include Dometic Group, BioLife Solutions Inc., BioCision LLC, CHART MVE BIOMEDICAL, Biomatrica Inc., VWR International LLC and Panasonic Corporation.
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What is the expected growth of this biopreservation market?
Due to factors including its widespread use in healthcare and research facilities, biopreservation is expanding. Major drivers for market growth include increasing R&D spending, increasing investment from public and private partners, and expanding business development.
For example, BioLife Solutions introduced a new high-capacity regulated refrigerator in April 2021 to serve the gene and cell therapy industry. This has helped the company in diversifying its current product line.
The application of biopreservation in research and development in various fields, including immunotherapy, vaccine and antibody production, enzyme technologies and physiologically generated compounds, has seen an increase in demand in recent years.
The demand for biopreservation, which is recognized across all categories of buyers, has fueled the expansion of the market on a global scale. Existing market players are investing significantly in research and development to expand and differentiate their product offerings and gain competitive advantage.
The global expansion and certain future of the biopreservatives market is the result of many partners in the life cycle of the industry.
The impact of COVID-19 on the biopreservation market
During the COVID-19 outbreak, the market experienced significant setbacks due to supply chain issues, raw material shortages, and difficulties in funding studies, among others.
Nevertheless, the development of innovative biologics, including vaccine technologies, has been driven by the pandemic. These elements are likely to lead to more possibilities for the production and storage of biological substances, which will increase the need for biopreservation.
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Key segments of the global biopreservation market:
By product type
- Equipment for biopreservation
- Biopreservation media
According to the application
- Therapeutic applications
- Biobank application
- Drug discovery applications
- North America
- United States
- Rest of North America
- United Kingdom
- the rest of Europe
- Asia and the Pacific
- Rest of Asia Pacific
- Middle East and Africa
- United Arab Emirates
- Saudi Arabia
- South Africa
- The rest of the Middle East and Africa
- South America
- Rest of South America
Critical market report from insightSLICE:
The study provides a thorough overview of the major revenue generating categories and related data. The research includes numerous visual and narrative displays that show how the size of the market has changed over the years.
Together with the average annual increase, the cumulative development for the years 2022-2032 is also estimated and shown. Strategic collaboration between partners and customers is expected to ensure expansion during the forecast period.
The participation of market participants is also expected to increase production. The reader of this study can use it to inform key decisions about cross-border growth, new product launches and other matters.
By examining the perspectives of both sellers and buyers, the author of the article was able to identify common tendencies among known nations in each territory. As each product’s demand and usage varies across regions, the researcher has segmented the biopreservation market into five major geographic regions.
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