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Biopreservation Market Size Worth USD 8.62 Billion in 2032 | Emergen Research
Biopreservation Market
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Key Market Drivers:
Healthcare Investment: Governments worldwide are recognizing the importance of biopreservation in healthcare and are allocating substantial funds for research and development. For example, the Indian government has launched various initiatives to support stem cell research through its national funding agencies, enhancing awareness and establishing ethical guidelines.
Demand for Stem Cell Preservation: The demand for stem cell storage is on the rise as it allows individuals to preserve healthy stem cells for future medical treatments. Innovations in preservation techniques by leading organizations are further propelling market growth.
Funding in Regenerative Medicine: Increased investments in regenerative medicine are driving market expansion. Companies like Siren Biotechnology have received grants to advance gene therapy research, indicating a robust trend toward funding innovative medical solutions.
Technological Advancements: Rapid technological progress in biopreservation methods is transforming the landscape. Biobanks are pivotal in scientific research, and their integration with artificial intelligence is facilitating better disease insights and drug discovery. For instance, BPGbio, Inc. launched an AI-powered platform to enhance drug development and diagnostics.
Market Challenges:
Despite the promising growth, the Biopreservation market faces challenges, including:
High Costs: The expenses associated with modern biobanking methods can be prohibitive. Costs for sample preservation, processing, and staff salaries can reach millions of dollars, making it difficult for some organizations to participate.
Ethical and Legal Concerns: Ethical issues surrounding the use of stored biological samples pose a barrier to market growth. Research participants often express concerns about the implications of using their samples for studies, necessitating clearer regulations and ethical guidelines.
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Market Segmentation Insights:
The Biopreservation market is segmented based on product types, applications, and biospecimens.
Product Types: The market primarily comprises biospecimen equipment, media, consumables, liquid nitrogen, and laboratory information management systems. The biospecimen equipment segment leads the market, driven by the increasing need for sophisticated temperature control systems that ensure the viability of biological materials.
Applications: The biobanking segment holds the largest market share due to its crucial role in biomedical research. This segment benefits from rising approvals for biobanking projects and expanding applications in preserving both human and wildlife biological materials.
Biospecimens: The stem cell segment dominates, reflecting the growing recognition of stem cells in regenerative medicine. Their potential in treating various conditions positions this segment for robust growth.
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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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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)
Biospecimen Equipment
Temperature control systems
Refrigerator
Freezers
Cryogenic Storage System
Thawing Equipment
Accessories
Alarms and Monitoring Systems
Incubators
Centrifuge Machine
Other Equipment
Biopreservation Media
Home-brew
Pre-formulated
Nutrient Media
Sera
Growth Factors and Supplements
Consumables
Vials
Straws
Microtiter Plates
Bags
Liquid Nitrogen
Laboratory Information Management Systems (LIMS)
Biospecimen Outlook (Revenue, USD Billion; 2019-2032)
Human Tissue Samples
Organ
Stem Cells
Other Biospecimens
Application Outlook (Revenue, USD Billion; 2019-2032)
Regenerative Medicine
Cell Therapy
Gene Therapy
Others
Biobanking
Human Eggs
Human Sperms
Veterinary IVF (in vitro fertilization)
Drug Discovery
Research Application
Clinical Trials
Other Application
Cell Providers Volume Outlook (Revenue, USD Billion; 2019-2032)
CD34+
CD19+
MSC
iPSC
hESC
Tumor Cells
Others
End-Use Outlook (Revenue, USD Billion; 2019-2032)
Biobanks
Gene Banks
Hospitals
Biopharmaceutical Company
Others
Regional Outlook (Revenue, USD Billion; 2019-2032)
North America
U.S.
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Spain
Benelux
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East & Africa
Saudi Arabia
UAE
South Africa
Turkey
Rest of MEA
Look Over transcripts provided by Emergen Research
Biopreservation Market Size@ https://www.emergenresearch.com/industry-report/biopreservation-market/market-size
Biopreservation Market Share@ https://www.emergenresearch.com/industry-report/biopreservation-market/market-share
Biopreservation Market Trends@ https://www.emergenresearch.com/industry-report/biopreservation-market/market-trends
Biopreservation Regional Market Demand@ https://www.emergenresearch.com/industry-report/biopreservation-market/regional-market-demand
Biopreservation Market Analysis@ https://www.emergenresearch.com/industry-report/biopreservation-market/market-analysis
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