How Will The Biopreservation Market Evolve in Market Size By 2025?
The Biopreservation market has shown significant growth in recent times. It is expected to grow from $6.02 billion in 2024 to $6.7 billion in 2025 at a compelling compound annual growth rate (CAGR) of 11.3%. This growth is propelled by biobanking expansion, surge in stem cell research, increasing organ transplantation procedures, biopharmaceutical production, and advancement in cell therapy. It is projected to further increase to $11.09 billion in 2029 at a CAGR of 13.4%. The increasing demand for regenerative medicine, rapid development in personalized medicine, the prevalence of cryopreservation applications, globally expanding pharmaceutical supply chain and emerging biobanking initiatives are set to further catalyze the growth in the forecast period.
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What Are The Key Drivers in Biopreservation Market?
The strong interest in personalized medicine has significantly contributed to the Biopreservation market. Personalized medicine enables customized treatment for patients with specific diseases and this tailored treatment is amplified with the aiding of biobanks. Human tissues and cells preserved by biobanks through biopreservation are used extensively in personalised medicine. For instance, as reported by Personalized Medicine Coalition, 16 new personalized therapies for patients with rare diseases were approved by FDA in 2023, which is more than double when compared with 2022. This presents a promising trend of increasing demand for personalized medicine, advocating for the rapid growth of the Biopreservation market.
How is the Global Biopreservation Market Segmented?
1) By Type: Biopreservation Equipment, Biopreservation Media
2) By Biospecimen: Human Tissue Samples, Organs, Stem Cells, Other Biospecimens
3) By Application: Therapeutic Applications, Research Applications, Clinical Trials, Other Applications
4) By End User: Biobanks, Gene Banks, Hospitals, Other End Users
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Who Are The Major Players in the Biopreservation Market?
Major players in the Biopreservation market includes Thermo Fisher Scientific Inc., BioLife Solutions Inc., VWR International LLC, BioCision LLC, Lifeline Scientific Inc., Biomatrica Inc., Custom Biogenic System Inc., QIAGEN NV, ThermoGenesis Holdings Inc., MVE Biological Solutions LLC and many more.
What are the Emerging Trends of Biopreservation Market?
The adoption of technological innovations is the prime trend in Biopreservation Market. An example being the use of cryopreservation solutions to preserve complex tissues and organs. Cryopreservation ensures the safeguarding of material at extremely low temperature, which is integral for tissue culture. In April 2024, Pluristyx Inc., a US-based biotechnology company, introduced PluriFreeze Cryopreservation Media for enhancing the viability and functionality of delicate cell types including human-derived pluripotent stem cells during freezing and thawing.
Which Region Dominates the Biopreservation Market?
North America claimed the largest share of the Biopreservation market in 2024. Other regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, South America, the Middle East, and Africa.
How Does the Biopreservation Market Global Market Report 2025 Define the Market?
Biopreservation pertains to the safeguarding of microorganisms and their metabolic byproducts to optimize food safety and extend the shelf life. Precious biological samples including blood, tissue, cells, DNA, and others are preserved for future research or for lab tests. The Biopreservation Market Global Market Report 2025 from The Business Research Company presents comprehensive data of global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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