Biopreservation Market Scope
Biopreservation involves preserving biological materials, like cells, tissues, or organs, using diverse techniques to prolong their viability and functionality. The primary objective is to impede or decelerate the deterioration of biological samples, enabling their extended storage without substantial loss of quality. The biopreservation market is propelled by a heightened demand for organ transplants, continuous advancements in regenerative medicine, and the widespread expansion of biobanking initiatives. Technological breakthroughs, particularly in the domains of cryopreservation and vitrification, continue to drive the market forward. Despite these positive dynamics, the industry grapples with obstacles, including ethical and regulatory complexities, the substantial costs linked to advanced techniques, and a lack of awareness in developing regions. Noteworthy trends within the market involve a growing reliance on automated systems, a concentrated emphasis on personalized medicine, and the integration of artificial intelligence to enhance biopreservation protocols.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | BioCision LLC (California), BioLife Solutions Inc. (United States), Cesca Therapeutics Inc. (California), Core Dynamics Ltd (United States), Custom Biogenic System Inc. (United States), Lifeline Scientific Inc. (United States), Merck KGaA (Germany), Princeton CryoTech Inc. (United States), VWR International (United States), Azenta US Inc. (United States) and Thermo Fisher Scientific Inc.(United States) |
CAGR | 21.6% |
The biopreservation market is slightly fragmented due to the presence of a few companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies that hold market Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Biopreservation market throughout the predicted period.
BioCision LLC (California), BioLife Solutions Inc. (United States), Cesca Therapeutics Inc. (California), Core Dynamics Ltd (United States), Custom Biogenic System Inc. (United States), Lifeline Scientific Inc. (United States), Merck KGaA (Germany), Princeton CryoTech Inc. (United States), VWR International (United States), Azenta US Inc. (United States) and Thermo Fisher Scientific Inc.(United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are So-Low Environmental Equipment (United States), BioLife Solutions (United States), Eppendorf North America (Germany), Chart MVE BioMedical (United States), Thermo Fisher Scientific (United States), Biomatrica (United States) and Panasonic Healthcare (America).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Biopreservation market by Type , by Application (Biobanking, Regenerative Medicine, Drug Discovery and Others) and Region with country level break-up.
On the basis of geography, the market of Biopreservation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In May, 2021 BioLife Solutions, Inc., a leading developer and supplier of a portfolio of class-defining bioproduction products and services for cell and gene therapies and the broader biopharma market, announced that it has closed the previously announced acquisition of Stirling Ultracold (Stirling), a privately held manufacturer of ultra-low temperature mechanical freezers.
In October 2023 BioLife Solutions Inc. a leading supplier of class-defining bioproduction tools and services for the cell and gene therapy and broader biopharma markets, announced Roderick de Greef has been appointed as Chairman of the Board of Directors and Chief Executive Officer replacing Michael Rice who is retiring after a seventeen-year tenure, effective immediately.
Influencing Trend:
Increasing Use of Automated Systems and Growing Interest in Personalized Medicine
Market Growth Drivers:
Increasing Demand for Organ Transplants and Advancements in Regenerative Medicine
Challenges:
establishing standardized protocols for biopreservation across different biological materials and biological material may pose unique challenges in terms of preservation requiring tailored solutions
Restraints:
Stringent regulations and ethical concerns related to the preservation of certain biological materials pose constraints. and High Costs Associated with Advanced Techniques
Opportunities:
Opportunities arise with the expanding stem cell banking sector requiring efficient biopreservation solutions and Increased collaborations between biopreservation companies and research institutions present growth opportunities
Key Target Audience
Research Development, Stockholder, Manufacturing, Bio-preservation, Regulatory Agencies and Others