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Biopreservation Market Research Information: By Product (Media, Equipment), Biospecimen (Human Tissue Sample, Stem Cell), Application (Regenerative Medicine (Gene Therapy, Cell Therapy), Biobanking (Human Egg), Drug Discovery)‚ÄďGlobal Forecast Till 2032

ID: MRFR/MED/4946-HCR | 100 Pages | Author: Rahul Gotadki| May 2024

Biopreservation Market Overview

The Biopreservation market is expected to reach USD 6.01 Billion at a CAGR 11.5% during the forecast period 2023-2032. Biopreservation is a use of natural flora and its antibacterial products to preserve biological material. Biopreservation is playing an important role in healthcare and food industry to preserve the biological material or food product for a long time. The increasing expenditure on healthcare, growing demand for stem cell preservation and awareness about its use with regards to treatment of diseases are expected to drive the growth of the market. Moreover, increasing awareness about personalized medicines and its applications are contributing to the growth of the biopreservation market. According to the US Food and Drug Administration (FDA), The department has approved 16 personalized medicines in the year 2017, which accounts for 20% of total drug approvals.

The rising high price of biopreservation instruments and its maintenance, stability issues related to the specimen and lack of skilled personnel for handling the biopreservation process may hamper the growth of the market during the assessment period.

Biopreservation Market Segment Insights

The biopreservation market has been segmented on the basis of product, biospecimen, and application.

Biopreservation Product Insights

On the basis of product, the market has been classified as media and equipment. The media subsegment has been further divided into nutrient media, sera, and growth factors and supplements. The equipment segment has been further divided into temperature control systems, accessories, alarms & monitoring systems, incubators, centrifuges, and other equipment. The temperature control systems segment has been further classified as freezers, cryogenic storage systems, thawing equipment, and refrigerators. 

Biopreservation Biospecimen Insights

The biospecimen segment has been divided into human tissue samples, organs, stem cells, and other biospecimens.

Biopreservation Source Insights

The market, by source, has been segmented into regenerative medicine, biobanking, and drug discovery. On basis of regenerative medicine, the market has been divided into cell therapy, gene therapy, and others. Biobanking segment includes human egg, human sperm, and veterinary IVF.

Biopreservation Regional Insights

The market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The biopreservation market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada.

The European market has been segmented into Western Europe and Eastern Europe. Western Europe has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. 

The biopreservation market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The market in the Middle East & Africa has been segmented into the Middle East and Africa.

Regional Market Summary

Global Biopreservation Market Share, by Region, 2017 (%)

Biopreservation Market Share

Source: MRFR Analysis

The Americas are likely to dominate the global biopreservation market owing to the adoption of advanced technology, increasing spending on healthcare R&D, the presence of a well-established healthcare system, and increasing in-house sample storage in hospitals and research institutes. Moreover, presence and recent merger and acquisition activities by market players in the region are contributing to the growth of the market.  For instance, in 2017, Cesca Therapeutics Inc. has acquired Sacramento’s SynGen Inc. for USD 1 million with this acquisition company has managed to add cell separation and cord blood processing products in their portfolio.

The European market is expected to be the second-largest biopreservation market. The market growth in this region can be attributed to the increasing number of births and with-it continuous increase in demand for umbilical cord preservation. According to the European Commission, in the year 2016 more than 5.1 million babies were born in Europe.  Moreover, a growing number of sperm and egg banks is contributing to the growth of the market in this region.

Asia-Pacific is expected to be the fastest-growing biopreservation market during the forecast period owing to the increasing population in the region, increasing awareness about stem cell preservation and continuous development in the healthcare sector due to government funding.

The market in the Middle East & Africa is expected to account for the smallest share of the global biopreservation market due to an underdeveloped healthcare sector, lack of technical knowledge, and poor medical facilities.

Key Players

Some of the key players in the global biopreservation market are: 

  • Thermo Fisher Scientific Inc,¬†

  • VWR International, LLC.,¬†


  • BioLifeSolutions Inc.,¬†

  • BioCision.,¬†

  • Sigma-Aldrich Co.,¬†

  • QIAGEN,¬†

  • Lifeline Scientific,¬†

  • Cesca Therapeutics Inc.,¬†

  • Core Dynamics, Ltd.,¬†

  • Princeton CryoTech,¬†

  • Biomatrica, Inc.,¬†

  • Panasonic Biomedical,¬† Inc.,¬†

  • Chart Industries,¬†


Biopreservation Market Segmentation

Biopreservation Product Outlook

  • Media

    • Nutrient Media

    • Sera

    • Growth Factors and Supplements

  • Equipment

    • Temperature Control Systems

      • Freezers

      • Cryogenic Storage Systems

      • Thawing Equipment

      • Refrigerators

    • Accessories

    • Alarms & Monitoring Systems

    • Incubators

    • Centrifuges

    • Other Equipment

Biopreservation Biospecimen Outlook

  • Human Tissue Samples

  • Organs

  • Stem Cells

  • Other Biospecimens

Biopreservation Application Outlook

  • Regenerative Medicine

    • Cell Therapy

    • Gene Therapy

    • Others

  • Biobanking

    • Human Eggs

    • Human Sperm

    • Veterinary IVF

  • Drug Discovery

Biopreservation Regional Outlook

  • Americas

    • North America

      • US

      • Canada

      • South America

  • Europe

    • Western Europe

    • Germany

    • France

    • Italy

    • Spain

    • UK

    • Rest of Western Europe

    • Eastern Europe

  • Asia-Pacific

    • Japan

    • China

    • India

    • Australia

    • South Korea

    • Rest of Asia-Pacific

  • Middle East & Africa

    • Middle East

    • Africa

Intended Audience

  • Biopreservation product manufacturers

  • Biopreservation product distributors and suppliers

  • Healthcare providers

  • Medical device manufacturers

  • Research institutes and academic centers

  • Contract research organizations (CROs)

  • Government associations

  • Market research and consulting

Report Attribute/Metric Details
  Market Size   2032: 6.01 Billion
¬†¬†CAGR ¬†¬†11.5% (2023‚Äď2032)
  Base Year   2020
  Forecast Period   2023-2032
  Historical Data   2019
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By Product, Application, Biobanking
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors   Thermo Fisher Scientific, Inc, VWR International, LLC., CUSTOM BIOGENIC SYSTEMS., BioLifeSolutions Inc., BioCision., Sigma-Aldrich Co., QIAGEN, Lifeline Scientific, Cesca Therapeutics Inc., Core Dynamics, Ltd., Princeton CryoTech, Biomatrica, Inc., Panasonic Biomedical, Inc., Chart Industries, and ATLANTA BIOLOGICALS
  Key Market Opportunities   Presence and recent merger and acquisition activities by market players and growing number of sperm and egg banks
  Key Market Drivers ·  Increasing expenditure on healthcare·  Growing demand for stem cell preservation

Frequently Asked Questions (FAQ) :

Biopreservation is a use of natural flora and its antibacterial products to preserve biological material. Biopreservation is playing an important role in healthcare and food industry to preserve the biological material or food product for a long time. The global biopreservation industry has been segmented on the basis of product, biospecimen and application.

The Biopreservation Market is projected to grow at an 11.5% CAGR between 2023-2032.

Rising expenditure on healthcare and awareness about personalized medicines are adding market growth.

High instrument price may limit market growth.

It is widely used in regenerative medicine, biobanking, and drug discovery.

North America is expected to lead the Biopreservation Market.

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