Overview:
Damaged organs and tissues can be treated with human tissues, blood, organs, and cells providing long-term benefits. The information about human tissues and cells is utilized further in research and development of new treatments leading to beginning of biobanking. Biobanks are used for collecting, storing and processing of samples and data. Biological samples such as cells, tissues, saliva, plasma, whole blood, nucleic acid, urine, organs and other various biological fluids are preserved in biobanks.
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The global biopreservation market was valued at US$ 5,692.8 Mn in 2019 and is forecast to reach a value of US$ 19,748.6 Mn by 2027 at a CAGR of 16.8% between 2020 and 2027.
Drivers:
Growing count of biobanks is likely to augment growth of the global biopreservation market during the forecast period. For instance, in March 2020, the collaboration of NewYork-Presbyterian Hospital and Columbia University Vagelos College of Physicians and Surgeons, U.S. started a centralized resource to store, collect and disseminate biological specimens as well as clinical data for scientists at Columbia University and in other places.
Furthermore, outbreak of COVID-19 is also expected to increase the demand for biopreservation in healthcare segment fuelling the growth of global biopreservation market. For instance, in August 2020, according to the WHO, 23,057,288 cases of COVID-19 were recorded across the globe, with 800,906 deaths.
Inclination towards in vitro fertilization to conserve at risk species is expected to increase biopreservation demand. For instance, in August 2020, scientists from Wildlife Research and Leibniz Institute for Zoo in Berlin started research and development together for saving the rhinoceros, which is near to extinction.
Research and development activities in human sperm is also expected to boost growth of the global biopreservation market. For instance, in August 2020, scientist from Universidad Nacional Autonoma de Mexico and University of Bristol published a research that shows the sperm tail is wonky and wiggles on just one side.
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Restraints:
High cost of recovery model of biobanking, Research and development in media solutions that offer room temperature storage for biospecimens are expected to hinder growth of the biopreservation market, as these solutions are threatening demand for refrigerators or freezers. For instance, Biomatrica, Inc. provides sample stabilization media solutions at room temperature such as RNA stable and DNA stable.
Opportunities:
Availability of funds from government or parent organization or venture capitalists and patient education are expected to create lucrative environment of growth opportunities for competitors in the global biopreservation market.
High growth and developing markets such as Brazil, China, India, Middle East, Latin America and Eastern Europe are expected to offer substantial opportunities for market players in the global market of biopreservation. This is attributed to economic development that provides better purchasing power to the population.
Key players:
Key players active in the global biopreservation market are, LLC, Biomatrica, Inc., CHART MVE BIOMEDICAL, Panasonic Corporation, LLC, Simport Scientific, Atlanta Biologics, LabVantage Solutions, Inc., Core Dynamics Ltd., BioCision, BioLife Solutions, Inc., Dometic Group, VWR International, Thermo Fisher Scientific, Inc., ThermoGenesis Holdings, Inc., Lifeline Scientific, and Hamilton Company.
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Key Developments:
Market players are adopting various strategies such as expansion of product portfolio, partnerships and collaboration to strengthen their market share. For instance, in July 2020, Cold Chain Management Platform of BioLife Solutions, Inc. started supporting around 100 early stage cell and gene therapy clinical trials.
Moreover, in October 2019, ThermoGenesis Holdings, Inc. partnered with HealthBanks Biotech (USA) Inc., for commercialization of CAR-TXpress, a proprietary cell processing platform to use it in cell-based contract development and immune cell banking as well as manufacturing services.
Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Product Type
- Market Snippet, By Application
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Restraints
- Market Opportunities
- Impact Analysis
- Key Developments
- Regulatory Scenario
- PEST Analysis
- COVID-19 Impact Analysis
- Market Dynamics
- Global Biopreservation Market, By Product Type, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Equipment
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Freezers
- Refrigerators
- Liquid Nitrogen Tanks
- Consumables
- LIMS
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Media
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Segment Trends
- Home-brew
- Pre-formulated
- Introduction
- Global Biopreservation Market, By Application, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- Regenerative Medicine
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Biobanking
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Drug Discovery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Introduction
- Global Biopreservation Market, By Regions, 2019 – 2027 (US$ Mn)
- Introduction
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017–2027
- Segment Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- U.K.
- Germany
- Italy
- France
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- China
- India
- Japan
- ASEAN
- Australia
- South Korea
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- GCC
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
- North Africa
- Central Africa
- South Africa
- Introduction
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