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Global Biopreservation Products and Applications Market $9.1 Billion by 2027

The global market for biopreservation products and applications predicted to attain $9.1 billion by 2027, expanding at a CAGR of 9.6% over the forecast period, driven by emerging preservation products and technologies, as well as advanced in-house sample storage facilities by pharmaceutical and biotechnology companies.

  • Other factors supplementing the market growth include increasing number of new biopreservation facilities, existing capacity expansion coupled with strategic and marketing initiatives by healthcare service providers.
Biopreservation Products and Applications Market

A large part of innovation in modern medical care is based on medical translational research. Cellular therapies are cell and tissue products sourced from biological materials require specialized biological support to maintain optimal recovery, viability and return to function post-preservation. 

  • Cellular therapies, regenerative medicine, and biobanking utilize cell and tissue products sourced from blood, bone marrow, and various tissues. 
    • Advanced technologies in biopreservation and biobanking are crucial issues for future developments in the field of predictive, preventive and personalized medicine.
      • Biopreservation optimization parameters, including cooling/thawing rates based on the biophysics of specific cell types, the temperature of storage and transportation, as well as biopreservation media are of paramount importance for clearing regulatory hurdles and facilitating commercialization.
  • The critical focus of biopreservation, or product quality and stability is highly dependent on the Good Manufacturing Practices (GMP) and clinical manufacturing process.
    • Similarly, an important aspect of all cell and gene-based therapies (CGTs) bioprocessing is biopreservation.
      • This enables the creation of cell banks (master and working cell banks for allogeneic product manufacture or storage banks for patient specific material such as cord blood).
Biopreservation Market

The global biopreservation market report provides market size ($million 2017 to 2027), market share, growth trends and forecast (CAGR%, 2021 to 2027). 

The global market for biopreservation products and applications segmented by product [equipment (freezers, refrigerators, liquid nitrogen tanks, consumables), laboratory information management system, media (home-brew media, pre-formulated media)], application (biobanking, drug discovery, regenerative medicine), and geography.

  • In terms of products, the equipment segment accounted for the largest share of the total biopreservation market, owing to introduction of newer technologies and rising number of biopreservation services.
    • The growth in stem cells and cord blood cells based research and therapies expected to increase the demand for freezers in the coming years, whereas the consumables sub-segment estimated to register highest double-digit CAGR in the near future.
    • The freezers are the most preferred storage equipment for preserving samples such as cells, plasma, serum and urine.
      • The clinical and commercial utility of these products is potentially impacted by stability limitations, which include transport of the source material and biopreservation of the final cell or tissue product (either frozen or non-frozen).
    • Biopreservation consumables include cryogenic boxes, cryovials, freezer racks, microplates, cryogenic tongs, bags, cryotubes, cryotongs and other accessories. Other products include the chemical reagents (cryoprotectants) such as glycerol and DMSO used for sample stabilization, while maintaining the desired temperature.
      • In addition, the use of radiofrequency identification (RFID) and tagging technologies, in vials and tubes, has improved the process of sample identification and tracking during storage.
  • On the other hand, the media segment predicted to witness fastest growth rate during the forecast period, due to increasing number of sample collections, installation of new biobanks and rapid growth in emerging economies.
    • Long-term storage of cells, tissues and organs is an essential part of biobanking as the preserved sample data serves as an access to the future of medicine.
      • In order to protect the viability of samples, as well as its utilization in emerging fields such as regenerative medicine and biomarkers expected to boos the demand for biopreservation media during the forecast period.
    • The home-brew media sub-segment dominated the global market, owing to its advantage in custom formulations using different ingredients.
      • However, growth of pre-formulated media sub-segment anticipated to expand at the fastest double-digit growth rate in the near future, due to improved preservation efficacy, cell viability and quality.

The global market for biopreservation products and applications research report is further divided by geography into North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Rest of EU), Asia Pacific (Japan, China, India, Rest of APAC), Latin America (Brazil, Mexico, Rest of LA) and Rest of the World.

The global market for biopreservation products and applications report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis. It also tracks the major competitors operating in the market and provides analysis of the company overview, financial snapshot, key products, technologies and services offered, market share analysis and recent trends in the global market.

Major competitors operating in the global market for biopreservation products and applications and included in this report are BioCision, LLC, BioLife Solutions, Inc., Biomatrica, Inc., Chart MVE BioMedical, Dometic Group, LabVantage Solutions, Inc., Panasonic Corporation, Qiagen N.V., Thermo Fisher Scientific, Inc., and VWR International, LLC.

  • Product
    • Equipment
      • Freezers
      • Refrigerators
      • Liquid Nitrogen (LN2) Tanks
      • Consumables
    • Laboratory Information Management System (LIMS)
    • Media
      • Home-brew Media
      • Pre-formulated Media
  • Application
    • Biobanking
    • Drug Discovery
    • Regenerative Medicine
  • Geography
    • North America (U.S., Canada)
    • Europe (U.K., Germany, France, Italy, Spain, Rest of EU)
    • Asia Pacific (Japan, China, India, Rest of APAC)
    • Latin America (Brazil, Mexico, Rest of LA)
    • Rest of the World
  • Company Profiles
    • BioCision, LLC
    • BioLife Solutions, Inc.
    • Biomatrica, Inc.
    • Chart MVE BioMedical
    • Dometic Group
    • LabVantage Solutions, Inc. 
    • Panasonic Corporation
    • Qiagen N.V.
    • Thermo Fisher Scientific, Inc.
    • VWR International, LLC

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