Biopreservation Market: Growth, Development, Trends, Demand, Share, Analysis and Forecast 2026
Biopreservation is
the technique that aids in the preservation of bio specimens such as
saliva, plasma, and purified DNA. This technique primarily increases
the shelf life and ensures stability and purity of the bio specimens.
Bio-preservation is used for the storage of cells, tissues, organs
and its recent trend includes its use in food safety. The equipment
comprises refrigerators, liquid nitrogen and consumables, and media
and laboratory information management systems. Biobanking is a type
of biopreservation that is widely used in medical research such as
genomics research and for personalized medicine.
Increasing number
of government initiatives for research and development is driving
growth of the biopreservation market
Human sperm and egg
banks, and demand for preservation of new born stem cells is
increasing due to growing awareness about long-term benefits of such
preservation such as treatment of diseases, including cancer and
autism. Furthermore, increasing adoption of in- house sample storage
for further research in hospitals, is in turn increasing growth of
the biopreservation market. Increasing number of government
initiatives in the form of grants, funds, and contracts to support
research activities for the development of various treatments is also
expected to boost growth of the market. For Instance, according to
the U.K. government policy, 2015, the government is expected to
invest US$ 6.8 million in health and research development by 2020.
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Increasing
healthcare expenditure globally and increasing investment in
bio-banks and personalized medicines, are also propelling growth of
the biopreservation market. Rising incidence of lifestyle-related
diseases, cardiovascular diseases, cancer, and hypertension are other
factors driving growth of the biopreservation market. According to
World Health Organization (WHO), in 2015, cardiovascular diseases
caused 31% deaths of all diseases, and 8.8 million people died due to
cancer. However, tissue injury during biopreservation, high cost
associated with maintenance of these instruments are major factors
hampering growth of the market.
Market Taxonomy
The global
biopreservation market is segmented on the basis of application,
product type, bio–specimens, end user, and region.
On the basis of
application, the market is segmented into:
Bio Banking, Human
Eggs, Human Sperms, Veterinary IVF, Regenerative Medicine, Cell
Therapy, Gene Therapy, Drug Discovery
On the basis of
product type, the market is segmented into:
Vials, Straws, Bags,
Microtiter Plates, Equipment, Freezers, Refrigerators, Consumables,
Others
Biopreservation
market is expected to show a sustainable growth in Asia Pacific due
to increasing awareness about preservation of umbilical cord cells
Regional
segmentation of the global biopreservation market by Coherent Market
Insights comprises North America, Latin America, Europe, Asia
Pacific, Middle East, and Africa. North America holds a dominant
position in the biopreservation market, owing to rapid development of
novel drugs, increasing demand for diagnosis of chronic diseases,
therapies in healthcare sector are expected to boost market growth.
Biopreservation market is driven in the Asia Pacific region due to
growing population, rising investments in healthcare research, and
growing awareness about preservation of umbilical cord cells.
According to New England Journal of Medicines, in 2012, Japan and
China had increased their total medical research spending by US$ 9.0
billion and US$ 6.4 billion, respectively and contributed 13.8% and
3.1% of the world’s total medical research expenditure.
Broad product
portfolio of major players is boosting market growth
Key players
operating in the market include Biolife solutions, THERMO- FISHER
SCIENTIFIC, BioCision LLC, Simport scientific, Cesca Therapeutics,
Atlanta biologics, Lifeline scientific, LabVantage solutions,
Hamilton Company, and Core dynamics ltd. Major market players
expanding their product portfolio particularly related to media,
freezers, refrigerators, consumables, to strengthen their presence in
the global market. Click To Read More On Biopreservation
Market
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