Global Biopreservation Market Driven by Significant Growth in the Healthcare Sector

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The global biopreservation market size reached US$ 6.1 Billion in 2021. Looking forward, the market to reach US$ 12.1 Billion by 2027, exhibiting at a CAGR of 11.9% during 2022-2027, according to latest report by IMARC Group.

Biopreservation is the technique of preserving and prolonging the shelf life of items. It is typically used in a laboratory setting and involves the use of a variety of natural chemicals, such as antimicrobials and microbiota, to aid in the prevention of pathogenic microbe growth. It also aids biological materials such as plasma, stem cells, tissues, and deoxyribonucleic acid to last longer (DNA). As a result, it’s widely used by scientists to preserve the integrity and functionality of sperm, eggs, and embryos for research purposes. It also helps to eliminate the need for an organ transplant by mending damaged cells using cellular components.

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Global Biopreservation Market Trends

Significant growth in the healthcare sector is driving the global market. In addition, the rising prevalence of chronic disorders among the general public has fueled demand for regenerative treatments. As a result, the biopreservation method is being adopted more widely around the world. Furthermore, ongoing biotechnology developments have had a favourable impact on worldwide market growth. The extensive use of nanotechnology in the biopreservation process, for example, is a growth-promoting element.

Furthermore, the rising investments by public and private firms to upgrade the existing healthcare infrastructure is acting as one of the key factors driving the market growth. The market is further driven by the emerging clinical needs and the advent of virtual biobanks. Other factors, including continual improvements in bioengineering and molecular biology and extensive research and development (R&D) activities, are also projected to drive the market growth further.

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Some of the leading companies include:

  • BioLife Solutions, Inc. (BLFS)
  • Thermo Fisher Scientific Inc. (NYSE: TMO)
  • VWR International, LLC
  • Panasonic Corporation (PCRFY)
  • BioCision LLC

Insights on Market Segmentation:

Breakup by Product Type

1. Biopreservation Equipment

2. Biopreservation Media

On the basis of the product type, the market has been segmented into biopreservation equipment and biopreservation media. Among these, biopreservation equipment represents the largest segment.

Breakup by Application

1. Therapeutic Applications

2. Biobank Applications

3. Drug Discovery Applications

Based on the application, the market has been categorized into biobanking, therapeutic applications and drug discovery.

Breakup by Region

1. North America

2. Europe

3. Asia Pacific

4. Latin America

5. Middle East and Africa

On the basis of the region, the market has been divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

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