The size of the Europe Biopreservation Market was worth USD 1163.00 million in 2022 and will worth USD 2063.36 million by 2027, with a compound annual growth rate (CAGR) of 12.15%.
Biopreservation has gained significance in recent years with the rising prevalence of chronic diseases. It is also increasingly adopted by the life sciences companies to develop tissue or a cell-related therapies. With the increasing spending on healthcare and rising demand for novel-preservatives techniques, the biopreservation market is expected to witness growth.
Through biopreservation, biological samples are stored in an environment suitable for their survival. Biological samples that are stored through biopreservation typically include cells, plasma, tissues, saliva, organs and body fluids. Biobanks are leaning towards software tools and automated systems to improve management, storage and retrieval of HBS without sacrificing sample integrity and sustainability. With the growing volumes of human biological samples to be preserved, the storage space must be utilized efficiently.
Increasing expenditure of healthcare, increased population opting for preserving newborn stem cells, rising R&D expenditure on drug discovery and biobanks, government and corporate organizations investments are the major factors contributing to the growth of the market. Advances in the diagnostics and personalized medicines and increasing applications of biopreservation are also aiding the growth of the market.
However, high costs and issues pertaining to the stability of specimens are restraining the growth of the market.
This research report on the European Biopreservation Market has been segmented and sub-segmented into the following categories:
By Product Type:
By Bio samples:
Notable companies operating in European Biopreservation Market are Thermo Fisher Scientific, Inc, BioLife Solutions, Inc, Sigma-Aldrich Corporation, VWR Corporation, BioCision LLC, Cesca Therapeutics Inc, So-Low Environmental Equipment Co, Taylor-Wharton, Panasonic Corporation and Lifeline Scientific Inc.
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