Biopreservation Market Outlook
The Global Biopreservation market analyzes the market size, shares, recent trends, competitive intelligence, and future market outlook. There is a growing demand from drug discovery industries and hospitals in North America. Competitive rivalry is intensifying with companies like Biolife Solutions Inc, Merck KGaA, Biocision LLC, and others active in the market. Biopreservation involves preserving the integrity and functionality of biological products such as DNA, stem cells, organs, and tissues under artificial conditions to extend their viability.
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Biopreservation Market Dynamics
Increasing investments and funding in regenerative therapies are driving significant growth in the global market during the forecast period. For instance, in April 2022, gene therapy attracted $10.2 billion in funding, cell-based companies secured $10.1 billion, cell therapy received $2 billion, and tissue engineering biotechs obtained $341 million. Additionally, according to the Alliance for Regenerative Medicine, regenerative medicine and advanced therapy developers raised $10.7 billion in financing in 2020, representing a 120% increase from the first half of 2019. Furthermore, market advancements are contributing to the acceleration of the global biopreservation market growth during the forecast period. For example, in April 2021, BioLife Solutions launched a new high-capacity controlled freezer to support the cell and gene therapy market. Therefore, the increased funding in regenerative medicine is significantly propelling the growth of the global biopreservation market.
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Segmentations
By Biopreservation Media :Freeze Media, Hypothermic Storage, and Shipping Media
By Biopreservation: Equipment ;Freezers, Cryosystems, Thawing Equipment, Incubators, Centrifuges, Other Equipment
By Sample :Organs, Cells, Blood, Others
By End-User :Biobanks, Drug Discovery Industries, Hospitals, Others
Key Players are
- Biolife Solutions Inc.
- ThermoGenesis Holdings, Inc.
- Sigma-Aldrich Corporation
- Thermo Fisher Scientific Inc.
- VWR Corporation
- Merck KGaA
- Eppendorf AG
- Biocision, LLC
- Princeton Cryotech, Inc.
- Custom Biogenic Systems Inc.
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