The global biopreservation market is estimated to account for US$ 6,646.2 Mn in terms of value in 2020 and is expected to reach US$ 19,748.6 Mn by the end of 2027.
Equipment held dominant position in the global biopreservation market in 2019, accounting for 82.0% share in terms of value, followed by culture media.
Figure 1. Global Biopreservation Market Share (%), by Value, by Application, 2019
The global biopreservation market was valued at US$ 5,692.8 Mn in 2019 and is forecast to reach a value of US$ 19,748.6 Mn by 2027 at a CAGR of 16.8% between 2020 and 2027.
Figure 2. Global Biopreservation Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027
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