Biopreservation Market - Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026

  • To Be Published : Jun 2019 |
  • Format : CMI Insight PPT Format CMI Insight PDF Format

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.

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

On the basis of bio–specimens, the market is segmented into:

  • Tissue Samples
  • Stem Cells
  • Organs
  • Others

On the basis of end users, the market is segmented into:

  • Bio Banks
  • Hospitals
  • Research Organizations
  • 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.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

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Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.
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Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization:

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users

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