Bio Preservation Market to Grow at 9.12% CAGR through 2029

Increasing investments in research & developments and growing demand for personalized medicine is expected to drive the Global Bio Preservation Market growth in the forecast period, 2025-2029.

According to TechSci Research report, “Bio Preservation Market – Global Industry Size, Share, Trends, Competition Forecast & Opportunities, 2029F”, the Global Bio Preservation Market stood at USD 1.87 Billion in 2023 and is anticipated to project steady growth in the forecast period with a CAGR of 9.12% through 2029. Factors such as the rising prevalence of chronic diseases, increased investments in biomedical research, and advancements in biobanking technologies are driving market expansion. Bio preservation holds significant public health and socio-economic implications, influencing lives globally. It is extensively utilized for preserving cells and tissues, particularly in fields like reproductive medicine and organ transplantation. Stem cell banking and gene banking have also gained global recognition. Market growth is fueled by factors such as higher healthcare spending, adoption of in-house sample storage in hospitals and laboratories, and increased investment in research and development. Bio preservation plays a crucial role in advancing regenerative medicine. The uptick in funding from companies supporting bio preservation-based pharmaceutical firms to meet the rising demand for tissue and cell preservation is anticipated to propel market growth.

Increasing research and development expenditures on drug development will facilitate business expansion. The sector is poised for rapid growth with the establishment of more biobanks for storing biological materials crucial for various medical research endeavors. Government initiatives to finance stem cell therapies for disease treatment further bolster industry growth. However, challenges such as developing room temperature storage techniques and stringent regulations for manufacturing bio preservation products may hinder industry expansion in the near term. The global bio preservation market is set to expand due to escalating healthcare expenditures. Many countries allocate significant portions of their budgets to healthcare, evident from World Bank data projecting substantial growth in public healthcare spending in upcoming years. This surge in healthcare spending is expected to drive demand from gene banks, hospitals, and biobanks, the primary end-users of the bio preservation market. Nonetheless, the high costs associated with advanced methods and concerns regarding tissue damage during freezing and thawing processes could impede market growth in the future. Opportunities for market expansion in the near term include increasing demand for organ transplants, growing research initiatives in bio preservation, and rising interest in room temperature storage technologies.

Browse over XX market data Figures spread through XX Pages and an in-depth TOC on "Global Bio Preservation Market” 

The Global Bio Preservation Market is segmented into product, application, regional distribution, and company. 

Based on Application, Drug Discovery have emerged as the fastest growing segment in the Global Bio Preservation Market in 2023. Biomedical research is increasingly prioritized worldwide, driven by the urgent need to develop treatments for a wide range of diseases and conditions. Bio preservation plays a pivotal role in safeguarding biological materials such as cells, tissues, and biomolecules essential for drug discovery experiments and investigations. Advances in biobanking technologies, including enhanced storage methods and preservation techniques, ensure the prolonged integrity and viability of biological samples. This reliability is crucial for preserving the quality of specimens utilized in drug discovery research. The shift towards personalized medicine necessitates extensive exploration of genetic and molecular markers. Bio preserved samples, particularly those sourced from biobanks containing detailed patient information, facilitate the identification of biomarkers and the formulation of targeted therapies tailored to individual patients.

Based on Region, Asia Pacific have emerged as the fastest growing region in the Global Bio Preservation Market in 2023. Countries across the Asia Pacific region are observing a rise in healthcare expenditures as their economies progress, with governments prioritizing healthcare infrastructure development. This includes substantial investments in biobanks and bio preservation facilities aimed at advancing medical research and treatment capabilities. The increasing incidence of chronic diseases such as cancer, diabetes, and cardiovascular disorders in Asia Pacific is attributed to aging populations, urbanization trends, and evolving lifestyles. Bio preservation technologies are pivotal in preserving biological materials essential for researching and developing treatments and therapies for these prevalent diseases. Biomedical research in Asia Pacific is gaining momentum, supported by growing investments and collaborations with global research institutions. Bio preservation plays a critical role by ensuring the storage of crucial biological samples necessary for conducting research into prevalent regional diseases. 

Major companies operating in Global Bio Preservation Market are:

• BioCision LLC
• BioLife Solutions Inc.
• ThermoGenesis Holdings, Inc.
• Custom Biogenic Systems Inc.
• Lifeline Scientific Inc.
• Merck KGaA
• Princeton CryoTech Inc.
• VWR International, LLC
• Azenta US Inc.
• Koninklijke DSM N.V.

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“Increasing investments in research and development, advancements in biobanking, and the preservation of newborn cord blood stem cells are key drivers expected to propel the bio preservation market growth throughout the forecast period. The rising focus on regenerative medicine and personalized treatment, alongside innovations in hypothermic storage solutions, next-generation cryopreservation systems, and nanoscale technologies, are further accelerating market expansion. The growing prevalence of obesity and chronic diseases like diabetes, heart disease, and degenerative conditions is significantly boosting demand for effective biospecimen preservation techniques. This demand is heightened by the need to maintain the integrity of regenerative treatments and the increasing workload from public health testing. Technological advancements, product approvals, and strategic alliances and acquisitions by major companies are also facilitating market growth”, said Mr. Karan Chechi, Research Director of TechSci Research, a research-based management consulting firm.

“Bio Preservation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product {Equipment (Freezers, Refrigerators, Consumables), Media (Pre-formulated, Home-brew), LIMS}, By Application {Regenerative Medicine (Cell therapy, Gene therapy, Others), Bio-banking (Human eggs, Human sperms, Veterinary IVF), Drug Discovery}, By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global Bio Preservation Market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Global Bio Preservation Market.

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