Market Research Report
Biopreservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
|Biopreservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027|
Published: January 10, 2022
IMARC Services Private Limited
Content info: 112 Pages
Delivery time: 2-3 business days
The global biopreservation market reached a value of US$ 6.1 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 12.1 Billion by 2027, exhibiting a CAGR of 11.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Biopreservation refers to the use of natural or controlled antibacterial products to preserve and bank various biospecimens, such as cells, plasma, saliva, tissues, and organs, outside of its native environment. The equipment comprises freezers, refrigerators, and liquid nitrogen banks that ensures the purity and stability of the biological materials, thereby extending its shelf life. Biopreservation exhibits non-toxic, non-immunogenic, broad bactericidal activity, and thermo-resistance properties due to which, it is being widely adopted in healthcare facilities for various clinical applications, such as storing clinical trial materials, genomics research, organ transplantation, cell-based study, and personalized medicine. Apart from this, it is also employed in the food sector to extend the shelf life of the end-product as it exploits the antimicrobial activities of pathogens on food items.