Biopreservation Market Size, Share, Analysis, Trends, Growth, 2032

Biopreservation Market Insights

According to Zion Market Research, the global Biopreservation Market was worth USD 2.24 Billion in 2023. The market is forecast to reach USD 2.85 Billion by 2032, growing at a compound annual growth rate (CAGR) of 2.72% during the forecast period 2024-2032. The report offers a comprehensive analysis of the market, highlighting the factors that will determine growth, potential challenges, and opportunities that could emerge in the Biopreservation Market industry over the next decade.

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Biopreservation Market: Overview

Biopreservation is the practise of maintaining cells, tissues, or organs for long periods of time outside of their natural habitat. It has proven to be an efficient long-term storage preservation technique. As a result, biopreservation has become important for the viability of a wide range of therapeutic and industrial applications of emerging cell-based technologies. Biopreservation is used in a variety of healthcare facilities to preserve the functionality and integrity of clinical trial materials, eggs, sperm, embryos, and other biological materials. Biopreservation preserves the purity and sustainability of biospecimens while also extending their shelf life. Biobanking, a form of biopreservation, is commonly used in medical research related to precision medicine and genomics research. The basic role of biobanks is to collect, process, and store samples and associated records.

Increasing demand for organ transplantation, along with the emergence of biomedical innovation for modern treatments and medicines, are two vital motivating factors for the growth of the biopreservation market.

Biopreservation Market: COVID-19 Impact Analysis

Due to government-imposed lockdowns to prevent the spreading of COVID, the global Biopreservation industry has seen a small decrease in revenues in the short term. Because of the pandemic, the global supply chain stopped operating around the world, potentially reducing biopreservation market growth. However, in the midst of the pandemic, there has been a surge in demand of the preservation of plasmas, bodily fluids and organs. The pandemic has made the healthcare industry boom across the world, as a result the use of biopreservation technique will be on the positive side. The market would remain bullish in upcoming year. 

The significant decrease in the global Biopreservation market size in 2020 is estimated on the basis of the COVID-19 outbreak and its negative impact on the economies and industries across the globe. Various scenarios have been analyzed on the basis of inputs from various secondary sources and the current data available about the situation.

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Biopreservation Market: Growth Factors

Factors such as increased research and development investments, developments in bio banking, and the rising trend of preserving new-borns' cord blood stem cells, as well as increased investments in regenerative medicine science and the need for personalised medicine, are projected to propel the bio preservation market. The advancement of regenerative medicine for treating and managing multiple chronic diseases such as heart failure and diabetes, as well as degenerative disorders affecting the nerves, muscles, and joints, is one of the major factors driving demand for biopreservation. Over the last decade, chronic conditions have become even more prevalent. The healthcare industry is under pressure to use improved biospecimen preservation methods as the number of patients increases. This has resulted in widespread acceptance and use of biopreservation methods, as well as industry expansion. In addition, the biopreservation market is expected to grow as a result of increased mergers and acquisitions among market players.

Biopreservation also has significant durability problems, with tissue fractures occurring during freezing and thawing. Furthermore, the advancement of low-cost and efficient preservation methods, such as room-temperature preservation processes, would restrain market growth.

Biopreservation Market: Report Scope

Product Segment Analysis Preview 

The global market is divided into three segments based on the Product of Biopreservation: Equipment, LIMS, Media.

Equipment segment is further sub-segmented into refrigerators, freezers, liquid nitrogen, and consumables.

The media segment is sub-segmented into home-brew media and pre-formulated media.

Biopreservation Media is expected to have a significant market share as it being used extensively in stem cell treatment and the regeneration of transplanted organs.

Application Segment Analysis Preview 

The global biopreservation industry's main application fields are regenerative medicine, biobanking, and drug discovery. In terms of revenue, the biobanking technology field dominates the biopreservation industry. The biobanking industry is expected to maintain its domination in the biopreservation market in the coming years.

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Biopreservation Market: Competitive Landscape

Some of the major players of global Biopreservation market includes

• Biomatrica Inc.
• Thermo Fisher Scientific Inc.
• BioCision LLC
• VWR International LLC
• Qiagen
• Panasonic Corporation
• Labvantage Solutions Inc.
• BioLife Solutions Inc. 
• among others.

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The global Biopreservation Market is segmented as follows:

By Product

•  Equipment
  • Refrigerators
  • Freezers
  • Liquid nitrogen
  • Consumables
• LIMS
•  Media
  • Home-brew Media
  • Pre-formulated Media

By Application

• Bio-banking
• Regenerative Medicine
• Drug Discovery

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa