USD 2.18 billion
Global Biopreservation Market Size, Share, Growth Analysis, By Product(Equipment, Media), By Application(Regenerative Medicine, Bio-banking) - Industry Forecast 2024-2031
Report ID:
SQMIG35I2223 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
63 |
Figures:
75
Global Biopreservation Market Insights
Global Biopreservation Market size was valued at USD 2.18 billion in 2022 and is poised to grow from USD 2.80 billion in 2023 to USD 20.54 billion by 2031, growing at a CAGR of 28.30% during the forecast period (2024-2031).
The COVID-19 pandemic had a significant impact on the biopreservation market due to increased research and development activities by pharmaceutical and biotech companies to develop and manufacture vaccines. This was particularly relevant for mRNA vaccines like Pfizer-BioNTech, Moderna, and Janssen, which required specific biopreservation methods due to their varying shipping and storage requirements (ultra-cold vs. refrigerated).
As a result, the pandemic is expected to have a substantial influence on the biopreservation market. Biopreservation plays a crucial role in various fields, including reproductive medicine, organ transplantation, stem cell banking, and gene banking. Factors driving market growth include increased healthcare expenditure, the adoption of in-house sample storage in hospitals and laboratories, and greater investment in research and development.
The growing demand for tissue and cell preservation in regenerative medicine has led to increased funding for biopreservation-based pharmaceutical companies. For instance, in December 2021, X-Therma Inc., a biotechnology startup focused on organ preservation, secured USD 13 million in Series A funding, indicating strong support from investors. Similarly, in January 2022, Ori Biotech launched a cell and gene therapy platform after raising over USD 100 million in Series B funding. The interest of entrepreneurs and pharmaceutical companies in investing in biopreservation companies is expected to further boost market growth. Advancements in technology, increased product approvals, partnerships, and acquisitions by key players are contributing to market growth.
For example, in February 2022, Guy's and St Thomas' in the United Kingdom launched a fertility preservation service for ovarian tissue cryopreservation for women undergoing cancer treatment. These technological advancements and product launches, coupled with the cost-effectiveness of biopreservation instruments, are expected to create lucrative opportunities for market growth in the coming years. However, challenges such as the high cost of instruments and their maintenance, as well as the potential for tissue injury during preservation, may impede market growth.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Equipment
Fastest Growth
Equipment
Growth Rate
28.30% CAGR
Global Biopreservation Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Biopreservation Market By Product 2022-2030 ($ Bn)
Global Biopreservation Market By Product 2022-2030 (%)
To get more reports on the above market click here to Buy The Report
Global Biopreservation Market Segmental Analysis
The global biopreservation market is segmented based on product, application, and region. In terms of product, the market is segmented into equipment, media, and laboratory information management system (LIMS). Based on application, the market is segmented into regenerative medicine, bio-banking, drug discovery. Regionwise, the global biopreservation market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Biopreservation Market Analysis by Product
The equipment category retained the largest market share of 78.75% in 2022 due to increasing demand for bio-banking for preserving stem cells, DNA, plasma, & tissue culture. The widespread adoption and use of preservation benefits from enormous storage capacity, and minimal maintenance is expected to benefit the sector.
Due to it being a crucial part of the biopreservation process, the news segment has the potential to grow. The segment is expected to increase at a 29.99% CAGR between 2023 and 2030. More features and details are provided by media apps, allowing researchers to use and share study data and analysis, boosting their skills to investigate, diagnose, monitor, & treat health disorders. This trend is projected to drive market growth over the forecast period.
Global Biopreservation Market Analysis by Application
In 2022, the biobanking segment held a 70.65% share of the global market. Stem cell preservation is gaining popularity, as is sperm and egg banking and the use of animal assisted reproduction technology. Pharmaceutical companies collaborate with reserve bio banks and hospitals to preserve tissue.
Due to increased demand for technologically enhanced bio-storage techniques, the regenerative healthcare segment is predicted to develop at a higher CAGR of 29.68% over the forecast period. Furthermore, the introduction of specific preservation procedures is projected to drive industry expansion in the coming years.
Global Biopreservation Market By Product 2022 (%), 2023 (%)
To get detailed analysis on other segments, Request For Free Sample Report
Global Biopreservation Market Regional Insights
North America represented a 45.00% revenue share in the biological preservation market in 2022. This can be ascribed to advancements in medical studies and the creation of improved medicines. Furthermore, the increasing number of chronic occurrences that require treatment raises demand for biological preservation in the region, which enhances its market position.
Asia Pacific is predicted to be the fastest-growing area, with a CAGR of 30.47%, due to increased financing support for biobanking techniques and services, as well as increased partnerships and collaborations based on biopreservation techniques.
Global Biopreservation Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Biopreservation Market Dynamics
Global Biopreservation Market Drivers
Increasing Demand for Personalized Medicine
- The growing focus on personalized medicine and individualized therapies has fueled the demand for biopreservation solutions. Biopreservation techniques are crucial for preserving biological samples, including cells, tissues, and organs, for research, diagnosis, and treatment purposes.
Global Biopreservation Market Restraints
High Costs
- Biopreservation technologies and services can be expensive, particularly for long-term storage and large-scale biobanking activities. The high costs associated with equipment, maintenance, and operational requirements can act as a restraint, limiting the adoption of biopreservation solutions, especially in resource-constrained settings.
Request Free Customization of this report to help us to meet your business objectives.
Global Biopreservation Market Competitive Landscape
Strategic initiatives, finance facilities for regional expansion, partnerships, and acquisitions in important areas are being pursued by market participants. For example, Hamad Medical Corporation & Qatar BioBank introduced an innovative tissue biobank facility in Qatar in January 2023 to provide researchers with access to high-quality tissue samples.
Top Player’s Company Profiles in Global Biopreservation Market
- GE Healthcare
- VWR International LLC
- Custom Biogenic Systems, Inc.
- Chart Industries, Inc.
- BioCision LLC
- STEMCELL Technologies Inc.
- Cesca Therapeutics Inc.
- Core Dynamics Ltd.
- Panasonic Healthcare Co., Ltd.
- Avantor, Inc.
- Lonza Group Ltd.
- Brooks Automation, Inc.
- BioStorage Technologies, Inc.
- LabVantage Solutions, Inc.
- Atlanta Biologicals, Inc.
- Hamilton Company
- So-Low Environmental Equipment Co.
Global Biopreservation Market Recent Developments
- In October 2022, Azenta, Inc. bought B Medical Systems S.á r.l. and its affiliated companies, a supplier of temperature-controlled packaging and shipping systems that allow for the global distribution of life-saving medicines.
- In July 2022, In Chennai, India, Cellutions BioStorage, a research-to-launch Cryogenic preservation Bank, was opened. Cellutions BioStorage is a full-service biomaterial storage and logistics provider that works with biopharmaceutical businesses that are interested in outsourcing all aspects of their supply chain throughout a product's life cycle. The newly opened facility is 25,000 square feet in size and features first-rate infrastructure.
Global Biopreservation Key Market Trends
- Growing Demand for Cell-based Therapies: The biopreservation market is witnessing a significant surge in demand for cell-based therapies, such as stem cell therapies and CAR-T cell therapies. Biopreservation plays a crucial role in preserving the viability and functionality of cells during storage and transportation, driving the need for advanced biopreservation techniques and solutions.
- Increasing Adoption of Automated Biopreservation Systems: There is a rising trend towards the adoption of automated biopreservation systems, which offer improved efficiency, accuracy, and reliability compared to manual methods. Automated systems enable standardized processes, reduce the risk of human error, and enhance sample quality, contributing to the growth of the biopreservation market.
- Shift towards Cryopreservation Techniques: Cryopreservation, a technique that involves freezing cells or tissues at very low temperatures, is gaining prominence in the biopreservation market. Cryopreservation offers long-term storage capabilities, minimizes cellular damage, and preserves sample integrity, making it ideal for various applications, including stem cell banking, tissue engineering, and regenerative medicine.
- Rising Focus on Personalized Medicine and Precision Healthcare: The growing focus on personalized medicine and precision healthcare is driving the demand for biopreservation solutions. Biopreservation techniques are crucial for preserving patient-specific biological samples, such as tumor tissues and genetic materials, for diagnostics, research, and targeted therapies, aligning with the trend towards individualized treatment approaches.
Global Biopreservation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global biopreservation market analysis, the increase in demand for maintaining stem cells and producing biological therapies and products has drawn investors' attention to this market in recent years. This significant increase in healthcare spending is likely to drive market growth over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.18 billion |
| Market size value in 2031 | USD 20.54 billion |
| Growth Rate | 28.30% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Biopreservation Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Biopreservation Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Biopreservation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Biopreservation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Biopreservation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Biopreservation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Biopreservation Market Report Snapshots
Want to customize this report?
Our industry expert will work with you to provide you with customized data in a short amount of time.
REQUEST FREE CUSTOMIZATION
USA (+1) 617-230-0741
