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Biopreservation Market Report, Size - Global Industry Trends, Segments, Competitors Strategy 2027

- By univdatos
Publish Date : 2021-11-22 11:32:58
Biopreservation Market Report, Size - Global Industry Trends, Segments, Competitors Strategy 2027

A comprehensive overview of the Biopreservation Market is recently added by UnivDatos Market Insights to its humongous database. The biopreservation market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the biopreservation market. The biopreservation market report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing market growth. Furthermore, this statistical market research repository examines and estimates the biopreservation market at the global and regional levels. Biopreservation Market was valued at US$ 5 billion in 2020 and is expected to grow at a CAGR of 14% over the forecast period (2021-2027).

Market Overview

Biopreservation is a system used for the storage of cells and tissues in a hypothermic or chemical environment to conserve biological samples with sustained integrity. Biopreservation of cells, tissues, and organs is a frequently applied and required practice used to extend the stability and viability in both short-term and long-term storage of samples for research and clinical applications. For instance, in June 2021, Thermo Scientific released its TSX Series of Ultra-Low Temperature (ULT) Freezers that have been fully upgraded to include additional functionality to provide research, pharmaceutical manufacturing, clinical, biorepository, and industrial laboratories with safeguards to deliver environmentally sustainable protection of materials, such as vaccines, cell culture media, biologics, and reagents. Also, the increasing mergers and acquisitions in the biopreservation firms are expanding the reach of researchers over the world. In October 2019, ThermoGenesis Holdings, Inc. announced a joint venture agreement with HealthBanks Biotech (USA) Inc., a stem cell bank network, to commercialize its proprietary cell processing platform, CAR-TXpress, for use in immune cell banking as well as for cell-based contract development and manufacturing services.

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Furthermore, the increasing progression of regenerative medicine for treating and controlling various chronic diseases such as heart failure and diabetes, and degenerative conditions affecting the nerves, bones, and joints is also expected to drive the market growth during the forecast period. For instance, according to the World Health Organization (WHO) in June 2021, an estimated 17.9 million people died from CVDs, representing 32% of all global deaths. Of these deaths, 85% were due to heart attack and stroke. Additionally, most of the chronic diseases were studied by using some of the preserved samples, and also, they have to preserve some samples for future use which will boost the biopreservation market in the upcoming years.

COVID-19 Impact

Biopreservation has emerged as a key tool in the armory of public health agencies and healthcare providers scrambling during the fight of Covid-19. As the number of cases continues to mount, biopreservation services will continue to work in the background to handle their roles in the response. For instance, according to the CloudLIMS Empowering Labs in April 2020, the biopreservation services and Biobanks provide high-quality biospecimens to accelerate clinical research and trials on Covid-19, enabling researchers to better understand the virulence of the pathogen and to develop a vaccine for the prevention of disease. Also, the biopreservation services facilitate population-based cohort studies that help in estimating the actual seroprevalence i.e., the level of Covid-19 virus in a population, as measured in blood serum, in different areas.

Global Biopreservation Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Type, the market is primarily bifurcated into

  • Biopreservation Media
  • Biospecimen Equipment
  • Freezers
  • Cryogenic Storage Systems
  • Thawing Equipment
  • Refrigerators

The biospecimen equipment segment grabbed the major market in 2020, credited to the increased investments from private and public organizations for research and development of cell and gene therapies and increasing acceptance of refrigerators, and biological freezers for the preservation of biological specimens.

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By Biospecimen, the market is primarily bifurcated into

  • Human Tissue Samples
  • Organs
  • Stem Cells
  • Others

The stem cells segment accounted for the maximum share in 2020, owing to the augmenting awareness of people about conserving cord blood stem cells of newborns to treat chronic diseases like cancer and others.

By Application, the market is primarily bifurcated into

  • Therapeutic Applications
  • Research Applications
  • Clinical Trials
  • Others

The therapeutic applications segment dominated the market in 2020. The highest growth of this segment is accredited to the advancements in the fields of regenerative medicine, personalized medicine, and biobanking.

By End-User, the market is primarily bifurcated into

  • Biobanks
  • Gene Banks
  • Hospitals
  • Others

The biobanks segment dominated the market in 2020, credited to the increasing demand for conserving biospecimens, tissues, organs, and stem cells for various research purposes.

Nutrigenomics Market Geographical Segmentation Includes:

  • North America (the United States, Canada, and Rest of North America)
  • Europe (Germany, United Kingdom, Italy, France, Spain, and Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, and Rest of Asia-Pacific)
  • Rest of the World

Based on the estimation, North America dominated the market in 2020. The high share of the region can be credited to the high government funding, robust personal healthcare spending, developed awareness programs, rapid acceptance of new analytical techniques, and the presence of skilled professionals and physicians.

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The major players targeting the market includes

  • Thermo Fisher Scientific Inc.
  • Merck KGaA
  • ThermoGenesis Holdings, Inc.
  • Bio-Techne Corporation
  • BioLife Solutions, Inc.
  • Exact Sciences Corporation
  • Princeton CryoTech, Inc.
  • Stemcell Technologies, Inc.
  • OPS Diagnostics
  • AMS Biotechnology

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the biopreservation market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

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Key questions resolved through this analytical market research report include:

  • What are the latest trends, new patterns, and technological advancements in the biopreservation market?
  • Which factors are influencing the biopreservation market over the forecast period?
  • What are the global challenges, threats, and risks in the biopreservation market?
  • Which factors are propelling and restraining the biopreservation market?
  • What are the demanding global regions of the biopreservation market?
  • What will be the global market size in the upcoming years?
  • What are the crucial market acquisition strategies and policies applied by global companies?

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