$5.4 Billion Biopreservation Markets: Cells, Tissues & Organs - Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026 - ResearchAndMarkets.com

The "Biopreservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.

The global biopreservation market reached a value of US$ 5.4 Billion in 2020.

Biopreservation refers to the process of preserving cells, tissues or organs outside of their native environment for extended period of time. It has emerged as an effective preservation technique for long-term storage.

Owing to this, biopreservation has become vital for the success of various clinical and commercial applications of the evolving cell-based technologies. Nowadays, it is extensively used for retaining the integrity and functionality of clinical trials material, stem cells, embryos, sperms, eggs, etc. in various research and healthcare institutes.

One of the major factors driving the demand for biopreservation is the development of regenerative medicine for treating and controlling various chronic diseases such as heart failure and diabetes, and degenerative conditions affecting the nerves, bones and joints. Apart from this, the growing prevalence of biobanking all across the world is expected to provide a thrust to the market, as biopreservation is used for conserving various bodily fluids and tissues for research purposes.

The market growth will also be influenced by the increasing R&D and healthcare spending by various countries, particularly in the developing regions of the world. Looking forward, the publisher expects the global biopreservation market to exhibit strong growth during the next five years.

The report has segmented the market on the basis of product type, including biopreservation equipment and biopreservation media. Currently, biopreservation equipment represents the largest segment. The market has further been segmented by application into biobanking, therapeutic applications and drug discovery. Region-wise, the report covers North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. The report has further analysed the competitive landscape of the market.

Some of the key players include BioLife Solutions, Inc., Thermo Fisher Scientific Inc., VWR International, LLC, Panasonic Corporation and BioCision LLC.

Key Questions Answered in This Report:

• How has the global biopreservation market performed so far and how will it perform in the coming years?
• What are the key regions in the global biopreservation market?
• What has been the impact of COVID-19 on the global biopreservation market?
• What are the key application segments in the global biopreservation market?
• Which are the popular product types in the global biopreservation market?
• What are the various stages in the value chain of the global biopreservation market?
• What are the key driving factors and challenges in the global biopreservation market?
• What is the structure of the global biopreservation market and who are the key players?
• What is the degree of competition in the global biopreservation market?

For more information about this report visit https://www.researchandmarkets.com/r/1r2qii

View source version on businesswire.com: https://www.businesswire.com/news/home/20210225005742/en/