Global Biopreservation Market to Reach US$ 19.3 Billion by 2032, Stimulated by Increasing Number of Organ Transplantation

August 23, 2023 | Healthcare

According to the latest report by IMARC Group, titled “Biopreservation Market Report by Product Type (Biopreservation Equipment, Biopreservation Media), Application (Therapeutic Applications, Biobank Applications, Drug Discovery Applications), and Region 2024-2032,” the global biopreservation market size reached US$ 7.7 Billion in 2023. Biopreservation is a scientific methodology that applies biological techniques to preserve the structural integrity and functionality of cells, tissues, organs, and other biological specimens. This preservation is performed at different levels of biological organization, in a controlled manner, to arrest or significantly slow down the degradation processes and maintain viability over long periods. Biopreservation techniques primarily involve the use of cryoprotective agents and ultralow temperatures to inhibit biochemical reactions that can lead to cell damage. These techniques are critical for various sectors, including medical research, biotechnology, and pharmaceutical industries, playing an essential role in the development of regenerative medicine and personalized therapeutics. Biopreservation methods also have significant utility in biodiversity conservation, aiding in the storage of a wide array of biological materials from endangered species.

Global Biopreservation Market Trends:

The rise in the demand for advanced preservation methods in the field of biomedical research, particularly stem cell and organ transplantation majorly drive the global market. Along with this, the increasing prevalence of chronic diseases across the globe necessitates the development of novel therapeutics, thereby intensifying the demand for high-quality biological samples. In addition, the growing trend of personalized medicine is another contributing factor, with biopreservation methods enabling the storage of individual patient cells for future therapeutic applications. Additionally, the advent of new cryopreservation and hypothermic storage technologies is propelling market growth. These technologies enhance the storage period of biological samples and also ensure their structural and functional integrity. Apart from this, there's an increasing trend towards the development and adoption of natural and eco-friendly preservatives, which further adds momentum to the global biopreservation market. Looking forward, the market value is projected to reach US$ 19.3 Billion by 2032, expanding at a CAGR of 10.4% during 2024-2032.

Market Summary:

Based on the product type, the market has been segmented into biopreservation equipment and media. Currently, biopreservation equipment represents the largest segment.
On the basis of the application, the market is segregated into therapeutic, biobank and drug discovery applications. Among these, biobank applications account for the largest market share.
Region-wise, the market has been segmented into North America, Asia Pacific, Europe, Latin America and the Middle East and Africa. Presently, North America holds the largest market share.
The competitive landscape of the market has also been examined, with some of the key players being BioLife Solutions, Inc., Thermo Fisher Scientific Inc., VWR International, LLC, Panasonic Corporation, and BioCision LLC.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2023
Historical Period	2018-2023
Forecast Period	2024-2032
Units	US$ Billion
Scope of the Report	Exploration of Historical and Forecast Trends, Industry Catalysts and Challenges, Segment-Wise Historical and Predictive Market Assessment: Product Type Application Region
Product Types Covered	Biopreservation Equipment, Biopreservation Media
Applications Covered	Therapeutic Applications, Biobank Applications, Drug Discovery Applications
Regions Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered	BioLife Solutions, Inc., Thermo Fisher Scientific Inc., VWR International, LLC, Panasonic Corporation and BioCision LLC
Customization Scope	10% Free Customization
Report Price and Purchase Option	Single User License: US$ 2499 Five User License: US$ 3499 Corporate License: US$ 4499
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Biopreservation Market to Reach US$ 19.3 Billion by 2032, Stimulated by Increasing Number of Organ Transplantation

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