Biopreservation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
The global biopreservation market size reached US$ 6.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 13.5 Billion by 2028, exhibiting a growth rate (CAGR) of 11.7% during 2023-2028.
Biopreservation refers to the use of natural or controlled antibacterial products to preserve and bank various biospecimens, such as cells, plasma, saliva, tissues, and organs, outside of its native environment. The equipment comprises freezers, refrigerators, and liquid nitrogen banks that ensures the purity and stability of the biological materials, thereby extending its shelf life. Biopreservation exhibits non-toxic, non-immunogenic, broad bactericidal activity, and thermo-resistance properties due to which, it is being widely adopted in healthcare facilities for various clinical applications, such as storing clinical trial materials, genomics research, organ transplantation, cell-based study, and personalized medicine. Apart from this, it is also employed in the food sector to extend the shelf life of the end-product as it exploits the antimicrobial activities of pathogens on food items.
Biopreservation Market Trends:
The biopreservation market is majorly being driven by the growing use of biospecimens in medical research for developing novel therapies and drugs. In line with this, the rising instances of various chronic diseases, such as cancer and diabetes, degenerative conditions, and neurological disorders, are further facilitating the demand for regenerative medicine, wherein the cellular components of biopreservation are used to restore the normal functioning of damaged tissues. The increasing prevalence of biobanking is also acting as another major growth-inducing factor. Additionally, increasing healthcare expenditure, particularly in emerging economies, along with rapid advancements in biopreservation methods and equipment are further catalyzing the market growth. Moreover, governments of various nations are implementing favorable policies and continuously investing in the research and development (R&D) activities to support stem cell therapies and enhance bio-banking and preservation standards. This, in turn, is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biopreservation market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Biopreservation Equipment
Biopreservation Media
Breakup by Application:
Therapeutic Applications
Biobank Applications
Drug Discovery Applications
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Competitive Landscape:
Some of the major players in the market are BioLife Solutions, Inc., Thermo Fisher Scientific Inc., VWR International, LLC, Panasonic Corporation and BioCision LLC.
Key Questions Answered in This Report
1. What was the size of the global biopreservation market in 2022?
2. What is the expected growth rate of the global biopreservation market during 2023-2028?
3. What are the key factors driving the global biopreservation market?
4. What has been the impact of COVID-19 on the global biopreservation market?
5. What is the breakup of the global biopreservation market based on the product type?
6. What is the breakup of the global biopreservation market based on the application?
7. What are the key regions in the global biopreservation market?
8. Who are the key players/companies in the global biopreservation market?
Biopreservation refers to the use of natural or controlled antibacterial products to preserve and bank various biospecimens, such as cells, plasma, saliva, tissues, and organs, outside of its native environment. The equipment comprises freezers, refrigerators, and liquid nitrogen banks that ensures the purity and stability of the biological materials, thereby extending its shelf life. Biopreservation exhibits non-toxic, non-immunogenic, broad bactericidal activity, and thermo-resistance properties due to which, it is being widely adopted in healthcare facilities for various clinical applications, such as storing clinical trial materials, genomics research, organ transplantation, cell-based study, and personalized medicine. Apart from this, it is also employed in the food sector to extend the shelf life of the end-product as it exploits the antimicrobial activities of pathogens on food items.
Biopreservation Market Trends:
The biopreservation market is majorly being driven by the growing use of biospecimens in medical research for developing novel therapies and drugs. In line with this, the rising instances of various chronic diseases, such as cancer and diabetes, degenerative conditions, and neurological disorders, are further facilitating the demand for regenerative medicine, wherein the cellular components of biopreservation are used to restore the normal functioning of damaged tissues. The increasing prevalence of biobanking is also acting as another major growth-inducing factor. Additionally, increasing healthcare expenditure, particularly in emerging economies, along with rapid advancements in biopreservation methods and equipment are further catalyzing the market growth. Moreover, governments of various nations are implementing favorable policies and continuously investing in the research and development (R&D) activities to support stem cell therapies and enhance bio-banking and preservation standards. This, in turn, is creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global biopreservation market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type and application.
Breakup by Product Type:
Biopreservation Equipment
Biopreservation Media
Breakup by Application:
Therapeutic Applications
Biobank Applications
Drug Discovery Applications
Breakup by Region:
North America
Asia Pacific
Europe
Latin America
Middle East and Africa
Competitive Landscape:
Some of the major players in the market are BioLife Solutions, Inc., Thermo Fisher Scientific Inc., VWR International, LLC, Panasonic Corporation and BioCision LLC.
Key Questions Answered in This Report
1. What was the size of the global biopreservation market in 2022?
2. What is the expected growth rate of the global biopreservation market during 2023-2028?
3. What are the key factors driving the global biopreservation market?
4. What has been the impact of COVID-19 on the global biopreservation market?
5. What is the breakup of the global biopreservation market based on the product type?
6. What is the breakup of the global biopreservation market based on the application?
7. What are the key regions in the global biopreservation market?
8. Who are the key players/companies in the global biopreservation market?
1 PREFACE
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL BIOPRESERVATION MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 MARKET BREAKUP BY PRODUCT TYPE
6.1 Biopreservation Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Biopreservation Media
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Therapeutic Applications
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Biobank Applications
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Drug Discovery Applications
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 BioLife Solutions, Inc.
9.3.2 Thermo Fisher Scientific Inc.
9.3.3 VWR International, LLC
9.3.4 Panasonic Corporation
9.3.5 BioCision LLC
2 SCOPE AND METHODOLOGY
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 EXECUTIVE SUMMARY
4 INTRODUCTION
4.1 Overview
4.2 Key Industry Trends
5 GLOBAL BIOPRESERVATION MARKET
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Application
5.6 Market Breakup by Region
5.7 Market Forecast
5.8 SWOT Analysis
5.8.1 Overview
5.8.2 Strengths
5.8.3 Weaknesses
5.8.4 Opportunities
5.8.5 Threats
5.9 Value Chain Analysis
5.10 Porters Five Forces Analysis
5.10.1 Overview
5.10.2 Bargaining Power of Buyers
5.10.3 Bargaining Power of Suppliers
5.10.4 Degree of Competition
5.10.5 Threat of New Entrants
5.10.6 Threat of Substitutes
6 MARKET BREAKUP BY PRODUCT TYPE
6.1 Biopreservation Equipment
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Biopreservation Media
6.2.1 Market Trends
6.2.2 Market Forecast
7 MARKET BREAKUP BY APPLICATION
7.1 Therapeutic Applications
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Biobank Applications
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Drug Discovery Applications
7.3.1 Market Trends
7.3.2 Market Forecast
8 MARKET BREAKUP BY REGION
8.1 North America
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Europe
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Asia Pacific
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Latin America
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Forecast
9 COMPETITIVE LANDSCAPE
9.1 Market Structure
9.2 Key Players
9.3 Profiles of Key Players
9.3.1 BioLife Solutions, Inc.
9.3.2 Thermo Fisher Scientific Inc.
9.3.3 VWR International, LLC
9.3.4 Panasonic Corporation
9.3.5 BioCision LLC
LIST OF TABLES
Table 1: Global: Biopreservation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Biopreservation Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Biopreservation Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Biopreservation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Biopreservation Market: Competitive Structure
Table 6: Global: Biopreservation Market: Key Players
Table 1: Global: Biopreservation Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Biopreservation Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Biopreservation Market Forecast: Breakup by Application (in Million US$), 2023-2028
Table 4: Global: Biopreservation Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 5: Global: Biopreservation Market: Competitive Structure
Table 6: Global: Biopreservation Market: Key Players
LIST OF FIGURES
Figure 1: Global: Biopreservation Market: Major Drivers and Challenges
Figure 2: Global: Biopreservation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Biopreservation Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Biopreservation Market: Breakup by Application (in %), 2022
Figure 5: Global: Biopreservation Market: Breakup by Region (in %), 2022
Figure 6: Global: Biopreservation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Biopreservation Industry: SWOT Analysis
Figure 8: Global: Biopreservation Industry: Value Chain Analysis
Figure 9: Global: Biopreservation Industry: Porter’s Five Forces Analysis
Figure 10: Global: Biopreservation Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Biopreservation Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Biopreservation Media Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Biopreservation Media Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Biopreservation (Therapeutic Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Biopreservation (Therapeutic Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Biopreservation (Biobank Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Biopreservation (Biobank Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Biopreservation (Drug Discovery Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Biopreservation (Drug Discovery Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: North America: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: North America: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Europe: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Europe: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Asia Pacific: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Asia Pacific: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Latin America: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Latin America: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Middle East and Africa: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Middle East and Africa: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 1: Global: Biopreservation Market: Major Drivers and Challenges
Figure 2: Global: Biopreservation Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Biopreservation Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Biopreservation Market: Breakup by Application (in %), 2022
Figure 5: Global: Biopreservation Market: Breakup by Region (in %), 2022
Figure 6: Global: Biopreservation Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 7: Global: Biopreservation Industry: SWOT Analysis
Figure 8: Global: Biopreservation Industry: Value Chain Analysis
Figure 9: Global: Biopreservation Industry: Porter’s Five Forces Analysis
Figure 10: Global: Biopreservation Equipment Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Biopreservation Equipment Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Biopreservation Media Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Biopreservation Media Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Biopreservation (Therapeutic Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Biopreservation (Therapeutic Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Biopreservation (Biobank Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Biopreservation (Biobank Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Biopreservation (Drug Discovery Applications) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Biopreservation (Drug Discovery Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: North America: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: North America: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Europe: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Europe: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Asia Pacific: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Asia Pacific: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Latin America: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Latin America: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Middle East and Africa: Biopreservation Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Middle East and Africa: Biopreservation Market Forecast: Sales Value (in Million US$), 2023-2028
