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What Will Be The Estimated Market Size Of The Biophotonics Market By 2030?
The biopreservation market has seen rapid growth in its size over recent years. It is forecast to expand from $6.69 billion in 2025 to $7.58 billion in 2026, reflecting a compound annual growth rate (CAGR) of 13.3%. The market’s past development can be ascribed to several factors, including the expansion of biobanking activities, an increase in clinical research studies, the rising use of biospecimens in diagnostics, greater availability of preservation equipment, and the adoption of standardized storage protocols.
The biopreservation market is anticipated to experience significant expansion in the coming years. By 2030, this market is projected to reach $12.43 billion, demonstrating a compound annual growth rate (CAGR) of 13.2%. This projected growth is driven by several factors, including the rising need for regenerative medicine samples, the broadening scope of precision medicine research, increased funding for biorepository infrastructure, an intensified emphasis on ensuring sample quality, and the surge in worldwide clinical trial activities. Key trends expected during this period encompass the wider embrace of sophisticated cryopreservation methods, a heightened requirement for solutions for long-term biospecimen storage, greater utilization of specific biopreservation media, the proliferation of centralized biorepository sites, and an elevated commitment to sample integrity and traceability.
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Which Strategic Drivers Are Supporting The Biophotonics Market Development?
The increasing demand for personalized medicine is a key factor driving the expansion of the biopreservation market. Personalized medicine is specifically designed to address diseases unique to individual patients. Its creation is supported by biobanks, which ensure the preservation of human tissues and cells through biopreservation techniques. For example, in February 2024, the Personalized Medicine Coalition, a US-based non-profit organization, reported that the FDA granted approval to 16 new personalized therapies for patients with rare diseases in 2023, a notable increase from six approvals in 2022. Therefore, the growing need for personalized medicine is expected to significantly boost biopreservation market growth in the foreseeable future.
How Is The Biophotonics Market Structured Across Different Market Segments?
The biophotonics market covered in this report is segmented –
1) By Product Technology: In-Vitro, In-Vivo
2) By Application: See-Through Imaging, Inside Imaging, Spectromolecular, Surface Imaging, Microscopy, Light Therapy, Biosensors, Other Applications
3) By End Use: Diagnostics, Therapeutic, Tests, Other End Uses
Subsegments:
1) By In-Vitro: Diagnostic Imaging, Fluorescence Microscopy, Spectroscopy-Based Detection, Biochemical Sensors, Point-Of-Care Devices
2) By In-Vivo: Endoscopy, Optical Coherence Tomography (OCT), Photodynamic Therapy (PDT), Bioluminescence Imaging, Near-Infrared Spectroscopy (NIRS)
What Trends Are Affecting The Biophotonics Market Dynamics?
Leading companies in the biopreservation market are focusing on developing innovative solutions, such as cryopreservation solutions, to address the growing demand for preserving complex tissues and organs over time. Cryopreservation involves safeguarding biological material at extremely low temperatures (−196°C), either very quickly, as in seed storage, or gradually with controlled dehydration, offering advantages over traditional storage methods by maintaining viability and functionality for longer periods. For instance, in April 2024, Pluristyx, Inc., a US-based biotechnology company, launched PluriFreeze Cryopreservation Media, designed to enhance the viability and functionality of human-derived pluripotent stem cells (iPSCs) and other delicate cell types during freezing and thawing. PluriFreeze is entirely composed of synthetic and animal-origin-free (AOF) materials. Its low viscosity facilitates automation and large-scale cell production, while the complementary DMSO-free wash solution, PluriPrep, allows for extended processing times, optimizing cell handling and recovery for research and clinical applications.
Which Companies Are Engaged In The Biophotonics Market Environment?
Major companies operating in the biophotonics market are Thermo Fisher Scientific Inc., OpGen Inc., IPG Photonics Corporation, Idex Corporation, Toshiba Corporation, Horiba Ltd., Precision Photonics Corp, Roche Group, General Electric Company, Koninklijke Philips NV, Affymetrix Inc., Andor Technology Ltd., Becton Dickinson & Co., Carl Zeiss AG, FEI Company, Hamamatsu Photonics KK, Lumenis Ltd., Olympus Corporation, PerkinElmer Inc., Zecotek Photonics Inc., Zenalux Biomedical Inc., Glenbrook Technologies Inc., Oxford Instruments Plc, Lumicks BV, Creoptix AG, ThinkCyte Inc., PhotoPharmics Inc., Bioptics Inc.
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Which Region Has The Strongest Presence In The Biophotonics Market?
North America was the largest region in the biophotonics market in 2025. Western Europe was the second largest region in the biophotonics market. The regions covered in the biophotonics market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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