The global Biopreservation market size is expected to be worth around US$ 11.93 billion by 2030, according to a new report by Vision Research Reports.
The global Biopreservation market size was valued at US$ 10.53 billion in 2020 and is anticipated to grow at a CAGR of 27.3% during forecast period 2021 to 2030.
Rising demand for advanced preservation methods and constantly increasing healthcare spending is anticipated to fuel growth potential in future. Hospitals, pharmaceutical companies, and biotechnology firms are increasingly adopting systems for in-house storage of samples and this is anticipated to provide a significant boost to the market. Surging R&D investments by major companies and research communities striving to improve product development capabilities is also presenting the market with immense potential.
Technological advancements such as advent of virtual bio-banks, which is predicted to witness a significant upsurge in the application, is also resulting in market progression. In addition, increasing preference for maintaining repositories for biological specimens, for application in organ transplantation and , has benefited the market. Presence of government initiatives such as International Society of Biological and Environmental Repositories to enhance bio-banking and preservation standards and practices is also broadening the scope for growth over the coming years.
Increase in healthcare expenditure further is predicted to improve access to quality healthcare and advanced products, which include biopreservation facilities, thereby broadening growth prospects. In addition, hospitals, gene banks, and bio-banks, which are significant end-users for this market, are encouraging major players to develop technologically advanced biopreservation products to enhance patient outcomes.
Presence of government healthcare initiatives that provide funds, grants, and contracts for research has resulted in providing expedited growth to R&D activities deployed by various companies. This has, in turn, resulted in widening the scope for adoption of advanced bio-preservation services, which is anticipated to fuel penetration rate throughout the forecast period.
Technological advancements in biopreservation processes are also major growth contributing factors to the market. Advancements include change in formulation of hypothermic storage solutions, next-generation cryopreservation solutions, and design and integration with nanoscale technologies. These technological upgradations have led to long-term preservation and banking of complex organs and tissues of high importance in regenerative medicine and organ transplantation.
The equipment segment dominated the market with a share of over 80.0% in 2014. This can be attributed to increasing demand for bio-banks over the recent past and its extensive usage in DNA, plasma, stem cell, and tissue research. Widespread adoption can also be credited to benefits such as adequate storage capacity, high cost-efficiency, and low maintenance.
Media is anticipated to exhibit steady growth in the coming years as it is an indispensable part of the biopreservation process. Increasing demand for bio-banking of stem cells and tissues to aid in life sciences research is expected to present the segment with lucrative growth opportunities. In addition, homebrew media accounted for substantial share of the media segment in 2014. The dominant share is a consequence of its high preference in bio-storage. This high preference is, in turn, a result of high cost-efficiency in comparison with pre-formulated media.
In 2014, bio-banking dominated the biopreservation market with a share of over 72.0%. This is attributed to growing awareness among researchers with respect to the benefits of stem cells preservation. Also, increasing number of sperm and egg banks and adoption of assisted reproductive technology in animals are predicted to be major growth contributing factors. Around 60.0% of biopharmaceutical companies have collaborations with national bio-banks and tissue preservation centers at hospitals. This will also benefit the market.
Tumor cells accounted for the dominant share in terms of volume in 2014, owing to wide application in diagnosis, research and development, and treatment of various cancers. Tumor cells are promising biomarkers in several types of cancers such as colon, breast, and prostate carcinomas. Clinical utility of tumor cells includes cell search method, epic sciences methods, and maintrac.
The iPSC segment is anticipated to grow rapidly in future as a consequence of high utility in restorative therapy, as they have the ability to propagate indefinitely. A wide array of biomedical research is focused on cells; this research is associated disease modeling and drug development, organ synthesis, red blood cells, and tissue repairs. The segment is also anticipated to benefit from rising investments in research and future applications.
North America held the largest share of over 46.0% owing to consistent drug developments as well as advent of advanced therapies in the field of biomedical research. A significant rise in patient base requiring high-end treatment for chronic diseases is also responsible for high demand for biopreservation products and services across this region. Major pharmaceutical companies are involved in commercialization of advanced preservation equipment and their subsequent adoption in the research community.
Asia Pacific is predicted to witness exponential growth over the coming years owing to consistent rise in number of patients suffering from chronic diseases. Increasing government investments in R&D are broadening the scope for adoption of bio-storage, thereby propelling demand across the region.
BioLife Solutions Inc.; BioCision; Biomatrica; and Chart MVE Biomedical.
Laboratory Information Management System (LIMS)
Cell Provider Outlook
The Biopreservation market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Biopreservation market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Biopreservation market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Biopreservation market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Biopreservation market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Biopreservation capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Biopreservation by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Biopreservation market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Biopreservation market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Biopreservation market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Biopreservation industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
The Biopreservation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Biopreservation market.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Biopreservation market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Biopreservation market. These factors have benefited the growth of the global market for Biopreservation. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Biopreservation. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Biopreservation are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
To strategically profile the key players and comprehensively analyze their growth strategies.