Biopreservation Market Size Worth USD 8.62 Billion in 2032 | Emergen Research

The Biopreservation market size reached USD 3.6 Billion in 2022 and is expected to register a revenue CAGR of 9% during the forecast period. The biopreservation market is witnessing steady revenue growth, driven by a myriad of factors including advancements in biobanking, increased investments in regenerative medicine research, and the growing demand for stem cell preservation, according to a recent market research report.

Biopreservation, a crucial technique for preserving biological specimens such as blood, organs, tissues, and stem cells, ensures their integrity and functionality for various applications in healthcare and research. The market growth is fueled by factors such as rising healthcare expenditure, government funding for R&D activities, and technological advancements in biopreservation applications and facilities.

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Key Drivers of Biopreservation Market Growth:

1. Growing Healthcare Expenditure and Government Funding: Initiatives by governments and healthcare organizations worldwide, such as stem cell research programs and funding for pharmaceutical R&D, are propelling the market forward.

2. Increasing Demand for Stem Cell Preservation: With stem cell technology revolutionizing modern medicine, the demand for preserving these valuable resources for future treatments is on the rise.

3. Investments in Regenerative and Personalized Medicine Research: The influx of investments in regenerative medicine research, including gene therapies and immuno-gene therapies for cancer, is contributing significantly to market growth.

4. Technological Advancements: Rapid advancements in biopreservation technologies, including the integration of biobanks with artificial intelligence (AI) for enhanced insights, are driving market expansion.

Challenges and Restraints:

1. High Cost of Modern Biobanking: The high cost associated with modern biobanking methods poses a challenge to market growth, along with ethical and legal limitations surrounding biopreservation.

Segment Insights:

1. Biospecimen Equipment: The segment, dominated by temperature control systems and accessories, is witnessing growth due to increased demand for in-house preservation solutions.

2. Consumables: Cryopreservation bags and other consumables are in demand, driven by their essential role in preserving biological materials at ultra-low temperatures.

3. Biobanking Segment: Biobanking projects, including collaborations for egg and embryo storage, are contributing to the segment's growth, along with the preservation of biodiversity samples.

4. Regenerative Medicine Segment: The adoption of FDA-approved therapies like cell and gene therapy is fueling the growth of the regenerative medicine segment.

5. Stem Cells Segment: Stem cell preservation is experiencing robust growth, supported by collaborations between stem cell technology providers and biobanking facilities.

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Biopreservation Top Companies and Competitive Landscape

The global Biopreservation market is fairly fragmented, with many large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective Biopreservation solutions.

Some major players included in the global Biopreservation market report are:

• Thermo Fisher Scientific Inc.
• Merck KGaA
• STEMCELL Technologies
• Helmer Scientific Inc.
• So-Low Environmental Equipment Co.
• ThermoGenesis Holdings, Inc.
• BioLife Solutions
• PrincetonCryo
• AMS Biotechnology (AMSBIO)
• OPS Diagnostics
• NIPPON Genetics EUROPE
• ARCTIKO
• PHC Holdings Corporation
• Chart Industries
• Azenta US, Inc.
• MVE Biological Solutions
• LabVantage Solutions Inc.
• X-Therma, Inc.
• Lifeline Scientific
• VWR International, LLC.
• Eppendorf SE
• Taylor-Wharton
• Simport Scientific Inc.

Biopreservation Latest Industry Updates

• On 20 September 2023, The Maryland Stem Cell Research Commission (MSCRC) declared the funding awards of approximately USD 4 million devoted to development of innovative research to propel improvements in stem cell treatments and technologies across Maryland.

• On 22 April 2021, The University of Minnesota is one of two institutions in the United States to host a new research center for human organ and tissue preservation banks established by the Biostasis Research Institute (BRI), for a purpose to safe and rapidly rewarm cryogenic storage of organs donated for transplantation.

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Biopreservation Market Segment Analysis

For the purpose of this report, Emergen Research has segmented global Biopreservation market on the basis of Product Type, Biospecimen, Application, Cell Providers Volume, End-Use, and region:

• Product Type Outlook (Revenue, USD Billion; 2019-2032)
o Biospecimen Equipment
o Temperature control systems
1. Refrigerator
2. Freezers
3. Cryogenic Storage System
4. Thawing Equipment
o Accessories
o Alarms and Monitoring Systems
o Incubators
o Centrifuge Machine
o Other Equipment
o Biopreservation Media
o Home-brew
o Pre-formulated
1. Nutrient Media
2. Sera
3. Growth Factors and Supplements
o Consumables
1. Vials
2. Straws
3. Microtiter Plates
4. Bags
o Liquid Nitrogen
o Laboratory Information Management Systems (LIMS)
• Biospecimen Outlook (Revenue, USD Billion; 2019-2032)
o Human Tissue Samples
o Organ
o Stem Cells
o Other Biospecimens
• Application Outlook (Revenue, USD Billion; 2019-2032)
o Regenerative Medicine
1. Cell Therapy
2. Gene Therapy
3. Others
o Biobanking
1. Human Eggs
2. Human Sperms
3. Veterinary IVF (in vitro fertilization)
o Drug Discovery
o Research Application
o Clinical Trials
o Other Application
• Cell Providers Volume Outlook (Revenue, USD Billion; 2019-2032)
o CD34+
o CD19+
o MSC
o iPSC
o hESC
o Tumor Cells
o Others
• End-Use Outlook (Revenue, USD Billion; 2019-2032)
o Biobanks
o Gene Banks
o Hospitals
o Biopharmaceutical Company
o Others

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