USD 2.18 billion
Biopreservation Market Size, Share, Growth Analysis, By Product(Equipment, Media, and Laboratory Information Management System (LIMS)), By Application(Regenerative Medicine, Bio-banking, and Drug Discovery), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35I2223 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|Tables:
63
|Figures:
75
Biopreservation Market Insights
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).
Biopreservation is a method which ensures the preservation of the property and functionality of biomass and biological products in a wide range of temperature and other physical conditions. Biomass and biological products can range from DNA, tissues, and organs to stem cells. Recent technological advancement enables the use of microarrays and the integration of diverse predictive models for biopreservation. Implementation of technology and API algorithms in biopreservation have collectively minimized the time, cost, and complexity associated with the entire process. Additionally, the emergence of multiplex cellular imaging platforms is expected to significantly improve biopreservation capabilities further. Biopreservation finds wider acceptance in cardiology, gynecology, and point-of-care applications.
Growing prevalence of chronic diseases worldwide is boosting the development of biological products across various research and development sectors, including immunotherapies, vaccine production, antibody generation, enzyme technology, and biologically derived chemicals. In recent years, this trend has largely been attributed to the increase in the demand for biopreservation techniques. The market is witnessing significant collaboration between government and private sectors by providing financial support for research and development initiatives. Increasing demand for stem cell preservation, creation of biological medicines and products is attracting attention of biomedicine companies for biopreservation. The notable growth in healthcare expenditure is anticipated to drive market expansion throughout the forecast period.
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 (%)
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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.
Biopreservation Market Analysis by Product
In terms of product type, the demand for Biopreservation market is segmented into Equipment, Media, and Accessories. Equipment segment led the market and accounted for the largest revenue share of in 2023. The demand for biopreservation equipment is significantly high for preserving stem cells, plasma, DNA, and tissue cultures. The demand for equipment is almost three fourths of the total biopreservation market. Improving logistics and increasing acceptance of biopreservation processes have boosted the demand. In comparison to other product types of the cost of preservation equipment is economical and hence is more affordable.
Media segment is anticipated to witness a significant market growth over the forecast period. Prevalence of chronic disease has boosted government healthcare budget and also augmented the budget for research and development activities. Pharmaceutical and Healthcare companies are spending a lot on clinical trials and drug development. In addition, the application of biotechnology and gene technology is exponentially growing in all the spheres of healthcare. Advancement in research activities creates the demand for ease of sharing findings and data. Hence the demand for media segment is expected to grow the fastest during the forecast period with the improvement in research and application of diagnosis, monitoring, and prevention of chronic and other diseases.
Biopreservation Market Analysis by Application
Based on application, the market is segmented into Regenerative Medicine, Bio-banking, and Drug Discovery. Biobanking segment accounted for the largest revenue share in 2023. With the rising incidence of diseases and accidents hospitals are equipped with biobanks for collecting and storing biological samples such as blood, plasma, tissue cultures, for treatment and research. Increasing healthcare spending is also boosting the storage and logistics infrastructure of hospitals, clinics, labs, and research centers. Moreover, the growing prevalence of personalized medicine and diagnosis is also boosting the demand for manipulation techniques which need biopreservation.
Based on application, the drug discovery segment is witnessing the fastest growth in the biopreservation market. Drug discovery is playing a vital part in positively influencing the growth of the market and increasing the demand of these technologies and solutions. Furthermore, drug discovery immensely depends on the usage of cell lines and primary cells. This is because they help in screening, testing, and studying the efficiency and safety of any potential drug candidates. Moreover, these technologies and equipment are crucial for storing and maintaining the capability of cell-based assays and tissue samples that are utilized in high-throughput screening. The capability for preserving and recovering these samples precisely and effectively is important for large-scale screening campaigns improving the drug discovery procedures.
Global Biopreservation Market By Product 2022 (%)
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Biopreservation Market Regional Insights
North America dominated the market and accounted for highest market share in 2023, driven by flourishing healthcare sector and growing budget for pharmaceutical research. US accounts for the largest market for clinical trials of new drugs and is the powerhouse of drug discovery. The presence of research centers of large pharmaceutical companies and world class healthcare providers creates high demand for biopreservation of samples required in treatment and research. In addition, the number of cases of chronic disease is significantly high and acceptance of personalized medication using regenerative techniques is also significantly more mature in North America especially in the US.
Asia Pacific is expected to witness the fastest growth in biopreservation demand. The region is the manufacturing hub of medicines and vaccines. China is the largest manufacturer of active pharmaceutical ingredients globally. Production of drugs, antibody and enzymes is also growing in India, South Korea, and Southeast Asia. In addition, improving infrastructure and increasing government spending on technology is also boosting the progression of immunotherapy, biotechnology, and gene therapy in the developing economies in the region. This is expected to further boost the demand for biopreservation market in Asia Pacific region during the forecast period.
Global Biopreservation Market By Geography, 2022-2030
- Largest
- Fastest
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Biopreservation Market Dynamics
Biopreservation Market Drivers
Prevalence of Chronic Disease
- Reported chronic diseases cases are on the rise globally. In developed economies such as the US chronic disease was reported annually in more than 30% of the adult population while in developing economies such as India, chronic diseases were reported in more than 23% of the adult population. Chronic diseases have high requirement of diagnosis and other alternate therapies thus boosting the demand for biopreservation.
Growing Demand for Regenerative Medicines and Treatment
- Advancements in cell therapy, molecular technology, tissue engineering, gene therapy, and regenerative medicines have gained significant traction is the last decade. In terms of revenue growth regenerative medicines are witnessing double digits growth figures and this trend is expected to continue during the forecast period thus boosting the demand for biopreservation considerably.
Restraints
High Cost of Preservation
- Biopreservation is made possible by controlling temperature, pressure, pH and other physical factors based on the stability of the biomass being stored. These require advanced equipment, consumables, media solutions and skilled personnel. In addition, some of the consumables are highly instable and are also not widely available. The cost of initial investment is significantly high resulting in restricted wider applications.
Lack of Skilled Workforce
- Biopreservation is a relatively new technology, and its work force required is not aptly trained. Application areas of biopreservation such as cell therapy and genetic engineering are also relatively new sciences, and the work force is yet to be skilled in these areas. With the increasing government spending on education and healthcare, the workforce is expected to be skilled in the long term, but this factor is expected to be constrained in the short to medium term.
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Biopreservation Market Competitive Landscape
Biopreservation market is capital and innovation extensive hence it is dominated by large multinational companies. There is a higher degree of collaboration between the government and private sector in terms of research and funding. Government regulations are also on the higher side in the market, and they vary for each geography. Hence, companies with wider regional outreach have a competitive edge.
Top Player’s Company Profiles in Biopreservation Market
- Thermo Fisher Scientific Inc.
- Merck KGaA
- GE Healthcare
- VWR International LLC
- Custom Biogenic Systems, Inc.
- Chart Industries, Inc.
- BioCision LLC
- 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.
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.
Biopreservation Key Market Trends
- Increasing Investment on Research and Development: Cell therapy and genetic engineering demand is expected to witness more than 30% CAGR during the forecast period. This is attracting investment from biomedical companies for research and development. Cell and gene therapy is transforming the diagnosis and treatment of critical patients and chronic diseases. Government spending on research centers focusing on gene therapy and regenerative treatment is also expected to grow.
- Growing Trend for Gene Customization: Genetic engineering has gained significant acceptance and application over the past decade. Gene customization is used in a wide range of industries from agriculture, pharmaceutical to cosmetics and personal care. The demand for personalized and hyper personalized products is on the rise. These factors are expected to boost the demand for biopreservation market.
Biopreservation Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analysis of the global biopreservation market, the growing demand for stem cell preservation, cell therapy, regenerative medications and production of biological therapies have attracted both government and private investor attention in recent years. This significant increase in healthcare spending is likely to drive the market growth over the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.18 billion |
| Market size value in 2031 | USD 20.54 billion |
| Growth Rate | 28.30% |
| Base year | 2023 |
| 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:-
|
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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 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 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 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 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 Biopreservation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 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.
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