Biopreservation Market to reach USD 14.3 Billion by 2032, growing at a CAGR of 17.0%

The Biopreservation Market is at a massive growth due to increased investment and government policies across the world. The adoption of biopreservation technologies has been significantly driven by government initiatives, especially in areas aligned with healthcare and life sciences. Based on the most recent statistics from the U.S. Department of Health and Human Services (HHS), the U.S. government invested around $2.3 billion for health research in 2023, including biopreservation technologies like tissue preservation and cryopreservation. These investments are to help improve the utility of biopreservation for use in clinical practice and to support the biopreservation of biological specimens for research. Also, the World health Organisation (WHO) has recognized the need for sustainable preservation of biological material to ensure better quality of medical research and better health outcomes around the world.