Global Biopreservation Market Size, Share, Growth, Trends, and Forecast (2024 - 2031)
Global Biopreservation Market Scope: Historical Data (2021 – 2022), Base Year (2023), Forecast Period (2024 – 2031)
Market Segmentation: By Products (Biopreservation Media, and Equipment (Temperature Maintaining Units, Consumables, and Other Equipment), Application Area (Biobanking, Regenerative Medicine, Drug Discovery, and Other Application Areas), End User (Biobanks, Hospitals, and Other End Users), and Region (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa)
Market Overview
The Global Biopreservation Market was valued at USD 2,846.0 million in 2023 and is expected to reach USD 20,894.9 million by 2031 while growing at a CAGR of 28.3% during the forecast period (2024-2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Market Dynamics
This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global biopreservation Market growth. Biopreservation involves maintaining the stability of biological materials like cells, tissues, or organs to prolong their viability and functionality. The objective is to prevent the deterioration of these samples, crucial for maintaining their integrity in research, healthcare, and various industries.
The biopreservation market is poised for significant growth due to increasing demand for biobanking, advancements in cell therapy, and regenerative medicine. Nonetheless, obstacles like the high costs of advanced biopreservation technologies and ethical concerns, especially in preserving human cells, may hinder market expansion.
Furthermore, the global biopreservation industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.
Segmentation – By Products Analysis
The Global Biopreservation Market is segmented among Biopreservation Media, and Equipment, based on Products. In 2023, Equipment accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Segmentation – By Application Area Analysis
The Global Biopreservation Market is segmented among Biobanking, Regenerative Medicine, Drug Discovery, and Other Application Areas, based on Application Area. In 2023, Biobanking accounted for the majority of the market share*.
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Global Biopreservation Market: Regional Analysis
Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Asia Pacific is expected to grow with the highest CAGR during the forecast period (2024 – 2031).
*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report
Competitive Landscape
Some of the key players operating in the market are BioCision LLC, BioLife Solutions Inc., Cesca Therapeutics Inc., Core Dynamics Ltd, Custom Biogenic Systems Inc., Lifeline Scientific Inc., Merck KGaA, Princeton CryoTech Inc., VWR International, and Azenta US Inc.
Table of Contents:
1. Research Methodology and Market Scope
Research Methodology
Market Scope
2. Executive Summary
3. Global Biopreservation Market Dynamics
Drivers
Restraints
Opportunity
4. Global Biopreservation Industry Analysis
PEST Analysis
Porter's Five Force Analysis
Recent Deals Analysis
5. Global Biopreservation Market Segmentation, By Products
Global Biopreservation Market Share Analysis, By Products
Global Biopreservation Market Growth Analysis, By Products
Global Biopreservation Market Trends, By Products
o Biopreservation Media
o Equipment
Ø Temperature Maintaining Units
Ø Consumables
Ø Other Equipment
6. Global Biopreservation Market Segmentation, By Application Area
Global Biopreservation Market Share Analysis, By Application Area
Global Biopreservation Market Growth Analysis, By Application Area
Global Biopreservation Market Trends, By Application Area
o Biobanking
o Regenerative Medicine
o Drug Discovery
o Other Application Areas
7. Global Biopreservation Market Segmentation, By End User
Global Biopreservation Market Share Analysis, By End User
Global Biopreservation Market Growth Analysis, By End User
Global Biopreservation Market Trends, By End User
o Biobanks
o Hospitals
o Other End Users
8. Global Biopreservation Market Segmentation, By Region
Global Biopreservation Market Share Analysis, By Region
Global Biopreservation Market Growth Analysis, By Region
Global Biopreservation Market Trends, By Region
o North America
o Europe
o Asia Pacific
o Latin America
o Middle East
o Africa
9. Competitive Landscape
BioCision LLC*
o Company Overview
o Financial Performance
o Key Development/Strategies
o SWOT Analysis
BioLife Solutions Inc.
Cesca Therapeutics Inc.
Core Dynamics Ltd
Custom Biogenic Systems Inc.
Lifeline Scientific Inc.
Merck KGaA
Princeton CryoTech Inc.
VWR International
Azenta US Inc.
*Similar analysis will be provided for each company listed above.