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The biopreservation industry is changing due to cell therapy, regenerative medicine, and biobanking advances. To preserve biological material, cells, tissues, and organs for future use, biopreservation is done under regulated circumstances. Cell-based treatments and their growing use in drug development, personalized medicine, and the preservation of rare and precious biological specimens drive market dynamics.
Rising demand for cell treatments and regenerative medicine drives the biopreservation industry. Biopreservation solutions are needed due to the rise in clinical trials and research on emerging therapeutic techniques such stem cell and gene treatments. These sophisticated medicines depend on cell viability and functioning during storage, boosting the need for biopreservation methods.
Biobanking advances and precision medicine are driving the biopreservation industry. Biobanks preserve biological samples for research, diagnosis, and therapy. The necessity to retain various biological resources and the growing awareness of customized treatment drive biobanking institutions to adopt improved biopreservation technologies and processes.
Innovative biopreservation technologies and solutions drive industry change. Cryopreservation, vitrification, and other methods improve biopreservation efficiency and dependability. These developments address biological material preservation concerns and offer long-term storage options for complex structures like organs and tissues.
Key companies in the biopreservation market provide a variety of goods and services. Collaboration with research institutes, pharmaceutical firms, and healthcare providers is a typical way to extend market reach and meet different application demands. Novel formulations, storage methods, and biopreservation solution scalability are the subject of ongoing research.
Geographical differences in healthcare facilities and research capacities affect biopreservation market dynamics. Developed regions with advanced biotechnology and healthcare facilities employ biopreservation methods more. However, emerging economies are realizing the relevance of biobanking and biopreservation in scientific research and healthcare, expanding the market.
Market challenges include ethical and regulatory issues related to biological sample storage and usage. Market players must follow worldwide standards, ethics, and changing rules. Scalability and cost-effectiveness of biopreservation systems must to be addressed for wider implementation.
Covered Aspects:
| Report Attribute/Metric | Details |
|---|---|
| Segment Outlook | By Product, Application, Biobanking |
Biopreservation Market Highlights:
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 (%)
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.,
- 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,
- ATLANTA BIOLOGICALS
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
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