Historical: 2015-2020

Base Year: 2020

Forecast Year: 2021-2026

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Industry Definition and Application:

Biopreservation is a process used for retaining the integrity of cells, organs and tissues for an extended period of time. It is widely used in the medical research sector to maintain and accommodate the stability of samples, including stem cells, DNA and plasma. As a result, biopreservation has become important for the success of several commercial and clinical applications of the evolving cell-based technologies.

Global Biopreservation Market Drivers/Constraints:

Regenerative medicines help to treat diseases such as cancer, heart diseases and neurological disorders; eliminate the need for organ transplantation; and restore the function of damaged tissues through cellular components. The growing demand for regenerative medicine has resulted in an increasing growth of the biopreservation market globally.

The rapid economic development has led to the improved access to healthcare facilities in both the developing and developed countries. This is anticipated to bolster the growth of biopreservation market across the globe.

Some of the other factors catalysing the demand for biopreservation are adoption of in-house sample storage in hospitals and labs, and increasing investments in personalized medicine, bio-banks, and research and development.

The high cost of sophisticated biopreservation instruments and equipment is a major restraint in the global biopreservation market. The possibility of tissue injury during thawing and preservation is another major factor challenging the growth of the market.

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Some of the leading companies include:

BioLife Solutions, Inc. (BLFS)

Thermo Fisher Scientific Inc. (NYSE: TMO)

VWR International, LLC

Panasonic Corporation (PCRFY)

BioCision LLC

Insights on Market Segmentation:

Breakup by Product Type

1. Biopreservation Equipment

2. Biopreservation Media

Breakup by Application

1. Therapeutic Applications

2. Biobank Applications

3. Drug Discovery Applications

Breakup by Region

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Middle East and Africa

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