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Impact Analysis of Covid-19

The complete version of the Report will include the impact of the COVID-19, and anticipated change on the future outlook of the industry, by taking into the account the political, economic, social, and technological parameters.

Human blood, tissues, cells and organs possess the potential to treat damaged tissues and organs with long term benefits. The knowledge of human cells and tissues being utilized for further research and development novel treatment therapies led to the advent of biobanking. Collection, processing and storing of the samples and related data is the basic function of biobanks. Biobanks preserve biological samples such as tissues, cells, saliva, whole blood, plasma, urine, nucleic acid, organs and other biological fluids.

The global biopreservation market is estimated to account for US$ 6,646.2 Mn in terms of value in 2020 and is expected to reach US$ 19,748.6 Mn by the end of 2027.

Global Biopreservation Market: Drivers

Increasing number of biobanks is expected to propel growth of the global biopreservation market over the forecast period. For instance, in March 2020, Columbia University Vagelos College of Physicians and Surgeons, U.S., in partnership with NewYork-Presbyterian Hospital, established a COVID-19 Biobank as a centralized resource to collect, store, and disseminate biological specimens and clinical data for researchers at Columbia University and elsewhere.

Moreover, emergence of COVID-19 is also expected to boost demand for biopreservation in the healthcare sector. For instance, globally, as of 12:48pm CEST, 23 August 2020, there have been 23,057,288 confirmed cases of COVID-19, including 800,906 deaths, reported to WHO.

Equipment held dominant position in the global biopreservation market in 2019, accounting for 82.0% share in terms of value, followed by culture media.

Figure 1. Global Biopreservation Market Share (%), by Value, by Application, 2019

Biopreservation  | Coherent Market Insights

Global Biopreservation Market: Restraints

R&D in media solutions, which allow room temperature storage of biospecimens is expected to hinder growth of the global biopreservation market. For instance, Biomatrica, Inc. offers room temperature sample stabilization media solutions such as DNA stable and RNA stable. Such solutions pose a threat to demand for freezers and refrigerators, thereby restricting the market growth.

Moreover, high cost recovery model of biobanking is also expected to limit adoption of biopreservation.

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Biopreservation Market Report Coverage

Report Coverage Details
Base Year: 2019 Market Size in 2019: US$ 5,692.8 Mn
Historical Data for: 2016 to 2019 Forecast Period: 2020 to 2027
Forecast Period 2020 to 2027 CAGR: 16.8% 2027 Value Projection: US$ 19,748.6 Mn
Geographies covered:
  • North America: U.S., Canada
  • Latin America: Brazil, Argentina, Mexico, Rest of Latin America
  • Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe
  • Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, Rest of Asia Pacific
  • Middle East: GCC Countries, Israel, Rest of Middle East
  • Africa: South Africa, North Africa, Central Africa
Segments covered:
  • By Product Type:
    • Equipment: Freezers, Refrigerators, Liquid Nitrogen Tanks, Consumables.
    • LIMS
    • Media: Home-brew, Pre-formulated.
  • By Application: Regenerative Medicine, Biobanking, Drug Discovery.
Companies covered:

BioCision, LLC, BioLife Solutions, Inc., Biomatrica, Inc., CHART MVE BIOMEDICAL, Dometic Group, Panasonic Corporation, VWR International, LLC, Thermo Fisher Scientific, Inc., Simport Scientific, ThermoGenesis Holdings, Inc., Atlanta Biologics, Lifeline Scientific, LabVantage Solutions, Inc., Hamilton Company, and Core Dynamics Ltd.

Growth Drivers:
  • Increasing number of biobanks
  • Emergence of COVID-19
Restraints & Challenges:
  • High cost recovery model of biobanking

Global Biopreservation Market: Opportunities 

Availability of adequate funding from venture capitalists or governments or parent organizations, along with patient education is expected to offer lucrative growth opportunities for players in the global biopreservation market.

Moreover, emerging and high growth markets such as China, Brazil, India, Eastern Europe, the Middle East, and Latin America offer vast opportunities for players in the global biopreservation market. This is due to the fact that economic development in these regions has equipped the population with a better purchasing power, owing to rising disposable incomes.

The global biopreservation market was valued at US$ 5,692.8 Mn in 2019 and is forecast to reach a value of US$ 19,748.6 Mn by 2027 at a CAGR of 16.8% between 2020 and 2027.

Figure 2. Global Biopreservation Market Value (US$ Mn), and Y-o-Y Growth (%), 2019-2027

Biopreservation  | Coherent Market Insights

Market Trends/Key Takeaways

R&D in human sperm is expected to propel growth of the global biopreservation market. For instance, in August 2020, researchers University of Bristol and Universidad Nacional Autonoma de Mexico, revealed that the sperm tail is wonky and only wiggles on one side.

Moreover, adoption of in vitro fertilization for the conservation of at-risk species is also expected to boost demand for biopreservation. For instance, in August 2020, researchers of Berlin's Leibniz Institute for Zoo and Wildlife Research, together with an international team of reproductive and veterinary experts, are engaged in R&D for conserving the rhinoceros, the African mammal on the verge of extinction.

Global Biopreservation Market: Competitive Landscape

Major players operating in the global biopreservation market include, BioCision, LLC, BioLife Solutions, Inc., Biomatrica, Inc., CHART MVE BIOMEDICAL, Dometic Group, Panasonic Corporation, VWR International, LLC, Thermo Fisher Scientific, Inc., Simport Scientific, ThermoGenesis Holdings, Inc., Atlanta Biologics, Lifeline Scientific, LabVantage Solutions, Inc., Hamilton Company, and Core Dynamics Ltd.

Global Biopreservation Market: Key Developments

Major players in the global biopreservation market are focused on expanding their product portfolio. For instance, in July 2020, BioLife Solutions, Inc. announced that its evo Cold Chain Management Platform now supports over 100 early stage cell & gene therapy clinical trials.

Major players in the market are also focused on adopting partnership strategies to enhance their market share. For instance, in October 2019, ThermoGenesis Holdings, Inc. entered into a definitive joint venture agreement with HealthBanks Biotech (USA) Inc., a stem cell bank networks, to commercialize its proprietary cell processing platform, CAR-TXpress, for use in immune cell banking as well as for cell-based contract development and manufacturing services.

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.

Restraints of the Global Biopreservation Market

Major factors hampering the growth of the biopreservation market during the forecast period constitutes of high cost recovery model of biobanking

Key features of the study:

  • This report provides in-depth analysis of the global biopreservation market and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2020–2027), considering 2019, as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by leading players
  • It profiles leading players in the global biopreservation market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, strategies, and future plans
  • Key companies covered as a part of this study include BioCision, LLC, BioLife Solutions, Inc., Biomatrica, Inc., CHART MVE BIOMEDICAL, Dometic Group, Panasonic Corporation, VWR International, LLC, Thermo Fisher Scientific, Inc., Simport Scientific, ThermoGenesis Holdings, Inc., Atlanta Biologics, Lifeline Scientific, LabVantage Solutions, Inc., Hamilton Company, and Core Dynamics Ltd.
  • Insights from this report would allow marketers and the management authorities of companies to make informed decision regarding future product launches, technology up-gradation, market expansion, and marketing tactics
  • The global Biopreservation market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Detailed Segmentation

  • Global Biopreservation Market, By Product Type:
    • Equipment
      • Freezers
      • Refrigerators
      • Liquid Nitrogen Tanks
      • Consumables
    • LIMS
    • Media
      • Home-brew
      • Pre-formulated
  • Global Biopreservation Market, By Application:
    • Regenerative Medicine
    • Biobanking
    • Drug Discovery
  • Global Biopreservation Market, By Geography:
    • North America
      • By Product Type
        • Equipment
          • Freezers
          • Refrigerators
          • Liquid Nitrogen Tanks
          • Consumables
        • LIMS
        • Media
          • Home-brew
          • Pre-formulated
      • By Application
        • Regenerative Medicine
        • Biobanking
        • Drug Discovery
      • By Country:
        • U.S.
        • Canada
    • Europe
      • By Product Type
        • Equipment
          • Freezers
          • Refrigerators
          • Liquid Nitrogen Tanks
          • Consumables
        • LIMS
        • Media
          • Home-brew
          • Pre-formulated
      • By Application
        • Regenerative Medicine
        • Biobanking
        • Drug Discovery
      • By Country:
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Product Type
        • Equipment
          • Freezers
          • Refrigerators
          • Liquid Nitrogen Tanks
          • Consumables
        • LIMS
        • Media
          • Home-brew
          • Pre-formulated
      • By Application
        • Regenerative Medicine
        • Biobanking
        • Drug Discovery
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • By Product Type
        • Equipment
          • Freezers
          • Refrigerators
          • Liquid Nitrogen Tanks
          • Consumables
        • LIMS
        • Media
          • Home-brew
          • Pre-formulated
      • By Application
        • Regenerative Medicine
        • Biobanking
        • Drug Discovery
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • By Product Type
        • Equipment
          • Freezers
          • Refrigerators
          • Liquid Nitrogen Tanks
          • Consumables
        • LIMS
        • Media
          • Home-brew
          • Pre-formulated
      • By Application
        • Regenerative Medicine
        • Biobanking
        • Drug Discovery
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Product Type
        • Equipment
          • Freezers
          • Refrigerators
          • Liquid Nitrogen Tanks
          • Consumables
        • LIMS
        • Media
          • Home-brew
          • Pre-formulated
      • By Application
        • Regenerative Medicine
        • Biobanking
        • Drug Discovery
      • By Country/Region:
        • Central Africa
        • South Africa
        • North Africa
  • Company Profiles
    • BioCision, LLC *
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
    • BioLife Solutions, Inc.
    • Biomatrica, Inc.
    • Dometic Group
    • Panasonic Corporation
    • VWR International
    • Thermo Fisher Scientific, Inc.
    • Simport Scientific
    • ThermoGenesis Holdings, Inc.
    • Atlanta Biologics
    • Lifeline Scientific
    • LabVantage Solutions, Inc.
    • Hamilton Company
    • Core Dynamics Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Purview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product Type
      • Market Snippet, By Application
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Key Developments
    • Regulatory Scenario
    • PEST Analysis
    • COVID-19 Impact Analysis
  4. Global Biopreservation Market, By Product Type, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Freezers
        • Refrigerators
        • Liquid Nitrogen Tanks
        • Consumables
    • LIMS
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
    • Media
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
      • Segment Trends
        • Home-brew
        • Pre-formulated
  5. Global Biopreservation Market, By Application, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • Regenerative Medicine
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Biobanking
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
    • Drug Discovery
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
  6. Global Biopreservation Market, By Regions, 2019 – 2027 (US$ Mn)
    • Introduction
      • Market Share Analysis, 2019 and 2027 (%)
      • Y-o-Y Growth Analysis, 2017–2027
      • Segment Trends
    • North America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.S.
        • Canada
    • Europe
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • U.K.
        • Germany
        • Italy
        • France
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • China
        • India
        • Japan
        • ASEAN
        • Australia
        • South Korea
        • Rest of Asia Pacific
    • Latin America
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Middle East
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Mn)
        • North Africa
        • Central Africa
        • South Africa
  7. Competitive Landscape
    • Company Profiles
      • BioCision, LLC
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • BioLife Solutions, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Biomatrica, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Dometic Group
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Panasonic Corporation
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • VWR Internationa
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Thermo Fisher Scientific, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Simport Scientific
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • ThermoGenesis Holdings, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Atlanta Biologics
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Lifeline Scientific
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • LabVantage Solutions, Inc.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Hamilton Company
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
      • Core Dynamics Ltd.
        • Company Overview
        • Product Portfolio
        • Key Developments
        • Financial Performance
        • Strategies
  8. Section
    • References
    • Research Methodology
    • About us and Sales Contact

*Browse 35 market data tables and 24 figures on “Biopreservation Market – Global forecast to 2027.

Frequently Asked Questions

The global biopreservation market was valued at US$ 5,692.8 Mn in 2019 and is forecast to reach a value of US$ 19,748.6 Mn by 2027 at a CAGR of 16.8% between 2020 and 2027.
Major factor driving the growth of global biopreservation market during the forecast period include increasing number of biobanks, and emergence of COVID-19.
Major factors hampering the growth of the biopreservation market during the forecast period constitutes of high cost recovery model of biobanking.
Equipment segment held dominant position in the global biopreservation market in 2019.
North America Biopreservation market is expected to generate the highest revenue during the forecast period.
Some of the key players operating in the market are BioCision, LLC, BioLife Solutions, Inc., Biomatrica, Inc., CHART MVE BIOMEDICAL, Dometic Group, Panasonic Corporation, VWR International, LLC, Thermo Fisher Scientific, Inc., Simport Scientific, ThermoGenesis Holdings, Inc., Atlanta Biologics, Lifeline Scientific, LabVantage Solutions, Inc., Hamilton Company, and Core Dynamics Ltd.
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