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What Is The Global Market Value Of The Biopreservation Industry In 2025?
Rapid expansion has been observed in the biopreservation market size recently. Forecasts indicate it will expand from $6.02 billion in 2024 to $6.69 billion by 2025, demonstrating a compound annual growth rate (CAGR) of 11.1%. The growth experienced during the historic period stems from biobanking expansion, a rise in stem cell research, more frequent organ transplantation procedures, biopharmaceutical production, and advancements in cell therapy.
The biopreservation market size is anticipated to experience substantial growth over the next few years. It is projected to reach $11 billion by 2029, expanding at a compound annual growth rate (CAGR) of 13.2%. The expansion during this forecast period can be attributed to the escalating demand for regenerative medicine, ongoing research and development in personalized medicine, various cryopreservation applications, the global biopharmaceutical supply chain, and emerging biobanking initiatives. Significant trends identified for the forecast period include the increasing application in stem cell banking, a strong focus on advanced preservation solutions, broader involvement in drug discovery and development, the introduction of portable biopreservation devices, and the growing importance of the field in organ transplantation.
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What Are The Top Growth Drivers Impacting The Biopreservation Market Outlook?
The escalating demand for personalized medicine is substantially fueling the expansion of the biopreservation market. Personalized medicine offers treatments tailored to individual patients’ specific disease profiles. The development of these customized medicines is facilitated by biobanks, which employ biopreservation methods to store human tissues and cells. For illustration, in February 2024, the Personalized Medicine Coalition, a US-based non-profit body, reported that the FDA sanctioned 16 new personalized therapies for rare disease patients in 2023, an increase from six in 2022. Therefore, the growing requirement for personalized medicine is projected to stimulate the biopreservation market’s growth moving forward.
What Are The Different Segment Classifications Within The Biopreservation Market?
The biopreservationmarket covered in this report is 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
Subsegments:
1) By Biopreservation Equipment: Freezers; Liquid Nitrogen Tanks; Refrigerators; Incubators
2) By Biopreservation Media: Cryoprotectants; Growth Media; Supplementary Media
Which Competitive Trends Are Defining The Biopreservation Market Structure?
Technological innovation represents a significant development in the biopreservation market. Major companies are increasingly adopting advanced technologies, such as cryopreservation solutions, for the long-term preservation of complex tissues and organs. Cryopreservation is defined as the process of safeguarding material at an exceptionally low temperature (196 °C), either rapidly, as seen with seed storage, or gradually, concurrently with dehydration, as in tissue culture. For example, in April 2024, Pluristyx, Inc., a US-based biotechnology company, unveiled PluriFreeze Cryopreservation Media. This exclusive solution is crafted to improve the viability and functionality of human-derived pluripotent stem cells (iPSCs) and other sensitive cell types during freezing and thawing procedures. Initially available as a research use only (RUO) formulation, a good manufacturing practice (GMP) compliant version is expected in the near future. PluriFreeze is wholly composed of synthetic and animal-origin free (AOF) materials, promoting a more secure and ethical method for cell preservation. Its low viscosity facilitates automation and large-scale cell production, while the complementary DMSO-free wash solution, PluriPrep, permits extended processing durations, thereby optimizing cell handling and recovery for both research and clinical applications.
Which Key Players Are Driving Competition In The Biopreservation Market?
Major companies operating in the biopreservation market market include 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, Taylor-Wharton America Inc., X-Therma Inc., Cesca Therapeutics Inc., Core Dynamics Ltd., The Merck Group, Azenta US Inc., Avantor Inc., Bio-Techne Corporation, Worthington Industries Inc., Chart Industries Inc., Cryoport Inc., LabVantage Solutions Inc., Brooks Automation Inc., BioVault Technical Ltd., Biomatik Corporation, Biostorage Technologies Inc., Arctiko A/S, Eppendorf AG, Panasonic Healthcare Co. Ltd., BioSpherix Ltd.
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How Do Regional Market Performances Compare Within The Biopreservation Industry?
North America was the largest region in the biopreservation market share in 2024. The regions covered in the biopreservation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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