What is driving the growth of the Biopreservation market?
What is driving the growth of the biopreservation market? The biopreservation market is expanding at a remarkable pace, supported by increasing demand for biobanking, regenerative medicine, and personalized drug discovery . In 2024, the market value was USD 6.40 billion . By 2034, it is forecasted to reach USD 24.57 billion , growing at a CAGR of 14.40% during 2025–2034. The need for long-term preservation of cells, tissues, and organs is critical for clinical research and therapeutic applications. Additionally, the growth of stem cell therapy, cancer research, and fertility preservation is fueling adoption worldwide. Biopreservation Market Size and Share The market has seen accelerated growth in recent years due to rising investment in healthcare infrastructure and biomedical research. Market Value (2024): USD 6.40 Billion Forecast Value (2034): USD 24.57 Billion CAGR (2025–2034): 14.40% Regional Market Share: North America leads due to advanced biobanking facilities and ...