Global biopreservation market demand, research, monetary policy, and top leading player to 2028.

The global biopreservation market is expected to grow from $1.50 billion in 2021 to $2.00 billion in 2022 at a CAGR of 25.1%. The market is expected to grow to $3.36 billion in 2028 at a CAGR of 19.1%.

The biopreservation market is expected to grow due to the increasing demand for biopreservation products in the pharmaceutical and biotechnology industries. The pharmaceutical industry is using biopreservation products to preserve cells and tissues for research and development purposes. The biotechnology industry is using biopreservation products to preserve cells and tissues for research and development purposes as well as for the production of vaccines and other biological products.

The global biopreservation market is segmented by type, application, and region. By type, the market is segmented into home-brew media and pre-formulated media. Home-brew media is a type of biopreservation product that is prepared in the laboratory by the user. Pre-formulated media is a type of biopreservation product that is manufactured by a company and sold to the user.

By application, the market is segmented into drug discovery, regenerative medicine, biobanking, and other. Drug discovery is the process of identifying new drugs to treat diseases. Regenerative medicine is the process of repairing or replacing damaged cells, tissues, or organs. Biobanking is the process of collecting and storing biological samples for research purposes. Other applications of biopreservation products include food preservation and environmental preservation.

By region, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is the largest market for biopreservation products, followed by Europe. The Asia Pacific region is expected to grow at the fastest CAGR during the forecast period.

The major players in the global biopreservation market include VWR International, Thermo Fisher Scientific, Lonza, Sigma-Aldrich(Merck), WAK-Chemie Medical GmbH, Biolife Solutions, GE Healthcare, and STEMCELL Technologies.

Link to the original story: https://www.openpr.com/news/3275369/global-biopreservation-market-demand-research-monetary