The biopreservation market size was valued at USD 4.5 billion in 2019 and is estimated to register a substantial CAGR of 21.85% during the forecast period, 2021–2028. The growth of the market is attributed to rising investment in regenerative medicine research and development along with increasing healthcare expenditure and application of in-house sample storage in labs and hospitals.
It refers to the preservation of biospecimen for research purposes through several techniques and equipments. Equipments such as refrigerators, freezers and consumables are used in these preservations.
The Covid-19 pandemic had a favourable impact on the biopreservation market. The pharmaceutical industry has observed immense growth and demand; thereby, driving the investment in the R&D activities for drug discovery. This has lead to the demand for biopreservation products worldwide .This pandemic has encouraged the key players to implement advance technologies to overcome the challenges and further expand the market growth.
The report on the biopreservation market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Attributes |
Details |
Report Title |
Biopreservation market -Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
Base Year |
2020 |
Historic Data |
2018–2019 |
Forecast Period |
2021–2028 |
Segmentation |
Products (Equipment, Media and Laboratory Information Management Systems (LIMS)) Application (Regenerative Medicine, Bio-Banking and Drug Discovery) Cell Providers (CD34+, CD19+, MSC, iPSC, hESC, Tumor Cells and Others) |
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
Key Players Covered in the Report |
Biomatrica, BioLife Solutions Inc., Chart MVE Biomedical, BioCision, Exact Sciences Corporation, Merck KGaA, Thermo Fisher Scientific Inc., Atlanta Biologics, Panasonic Biomedical, Qiagen, and VWR International. |
Based on products, biopreservation market is segmented into equipment, media and laboratory information management systems (LIMS). The equipment segment is further divided into refrigerators, freezers, liquid nitrogen and consumables. Consumables sub-segment is further segregated into vials, micro-titer plates and straws. The media segment is further divided into home-brew and pre-formulated. The equipment segment is expected to account for a key share of the market during the forecast period owing to the rising demand for refrigerators and freezers for stem cell research activities and in biobanks.
Based on application, the biopreservation market is divided into regenerative medicine, bio-banking and drug discovery. The regenerative medicine segment is further divided into gene therapy, cell therapy and others. Bio-banking segment is further segregated into human sperms, eggs, veterinary IVF. The bio-banking segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to rising practice of preservation of stem cells and the increasing number of egg and sperm banks. Furthermore, the research activities such as growing preservation of tissues are driving the market growth.
Based on cell providers, the biopreservation market is segmented into CD34+, CD19+, MSC, iPSC, hESC, tumor cells and others. The tumor cells segment is projected to constitute a key share of the market during the forecast period owing to its application in the diagnosis and treatment of cancer.
In terms of regions, the market is broadly classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to expand at a robust CAGR during the forecast period. The early access and adoption of the latest updates and technologies in the medical sector and the rising investment of government bodies in the research activities in this region are anticipated to boost the market growth over the coming years.
The biopreservation market has been segmented on the basis of:-
Key players competing in the biopreservation market include Biomatrica, BioLife Solutions Inc., Chart MVE Biomedical, BioCision, Exact Sciences Corporation, Merck KGaA, Thermo Fisher Scientific Inc., Atlanta Biologics, Panasonic Biomedical, Qiagen, and VWR International.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.
The biopreservation market has been segmented on the basis of:-
Key players competing in the biopreservation market include Biomatrica, BioLife Solutions Inc., Chart MVE Biomedical, BioCision, Exact Sciences Corporation, Merck KGaA, Thermo Fisher Scientific Inc., Atlanta Biologics, Panasonic Biomedical, Qiagen, and VWR International.
Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to increase/enhance their market shares.
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