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Biopreservation Market Size, Growth, Report Study, Demand and Forecast by 2027

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Biopreservation Market Size, Growth, Report Study, Demand and Forecast by 2027

Biopreservation is a technique that uses natural or controlled microbiota or antimicrobials to expand the shelf life of certain perishable items. The growing demand to support regenerative medicine advanced therapy (RMAT) is translating into a palpable market opportunity for biopreservation. Increased research and development, developments in the biobanking domain, and the growing propensity to store cord blood stem cells of newborns are the key factors contributing to the elevated demand for biopreservation. The prevalence of chronic diseases, degenerative ailments, and obesity across the world is another factor contributing to this favourable market trend. Furthermore, the elderly population is also growing steadily. This section has a higher probability of contracting diseases whose treatment requires the use of biopreservation. Therefore, the growing geriatric population is poised to drive cumulative demand across the global biopreservation market

 

Increasing Demand for Biobanks to Enable Expansion across Global Biopreservation Market 

 

Biobanks are steadily coming to the forefront of the healthcare and medical sectors. The popularity of these biorepository storages is expected to deck up the prospects of growth across the biopreservation market during the forecast period. A consistent increase in the number of biobanks has resulted in a considerable influx of research and development investment across the globe. Biobanks are actively adopting biopreservation techniques for the development of novel regenerative therapies. Favourable government initiatives and regulations have created an incentive for biobanks to employ biopreservation procedures and equipment. Besides, the growing prevalence of several autoimmune diseases, blood disorders, and cancers are creating steady tailwinds for the biobanking market.

 

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Growing Incidence of Chronic Diseases to Take the Market to Fruition 

 

Chronic diseases have been growing in prevalence in the recent past. Diseases such as cancer, cardiovascular disorders, diabetes, and degenerative conditions in joints, nerves, and bones have witnessed an alarmingly high rate of positivity. The number of deaths due to cardiovascular disease and cancer has also grown incessantly over the recent past. This creates a strong incentive for market players and stakeholders to advocate for effective treatment methods. Such a rising number of cases is coercing the healthcare industry to adopt advanced biospecimen collection technologies. Biopreservation is gaining significant market traction under such scenarios as a viable biospecimens storage technique. 

 

North America to Lead Global Biopreservation Market Owing to Hefty Investments in Medical Research 

 

Steady investment in medical research and development, robust healthcare infrastructure, favorable government norms, and growing prevalence of chronic diseases in North America is set to establish the region as the leading biopreservation market. The rapid development of advanced medicines and biomedical research is also contributing to the region’s dominance. The region also houses a significant number of global pharmaceutical market players. All these factors are set to cumulatively sustain North America’s reign in the biopreservation market. 

 

For More Information of Biopreservation Market:

https://www.fairfieldmarketresearch.com/report/biopreservation-market

 

Prominent Market Entities 

 

Some of the key players in the global biopreservation market include STEMCELL Technologies, Inc., Thermo Fisher Scientific Inc., Merck KGaA, BioLife Solutions, Inc., Avantor, Inc., ThermoGenesis Holdings, Inc., So-Low Environmental Equipment Co., Inc., Bio-Techne Corporation, Worthington Industries, Inc., Chart Industries, Inc., Exact Sciences Corporation, Princeton CryoTech, Inc., BioCision, LLC, Helmer Scientific, Inc., Shanghai Genext Medical Technology Co. Ltd, Nippon Genetics Europe, AMS Biotechnology, PHC Holdings Corporation, Arctiko, and OPS Diagnostics. 

 

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Fairfield Market Research is a UK-based market research provider. Fairfield offers a wide spectrum of services, ranging from customized reports to consulting solutions. With a strong European footprint, Fairfield operates globally and helps businesses navigate through business cycles, with quick responses and multi-pronged approaches. The company values an eye for insightful take on global matters, ably backed by a team of exceptionally experienced researchers. With a strong repository of syndicated market research reports that are continuously published & updated to ensure the ever-changing needs of customers are met with absolute promptness.

 

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