Bio preservation Market Industry Projected to Garner Significant Revenues by 2030

According to the Market Statsville Group (MSG), the global  bio preservation market size is expected to grow from USD 1.76 billion in 2021 to USD 3.49 billion by 2030, at a CAGR of 8.9% from 2022 to 2030.  Bio preservation refers to the use of controlled antibacterial products or natural products to preserve, such as plasma, cells, tissues, saliva, and organs, outside of their native environment. Rising funding from government and private partners in healthcare, increasing R&D investments, growing advancement of product development, and rising investments in regenerative medicine research are the primary factor that drives the growth of the market in this industry. The high cost of advanced methods and tissue injury during the freezing and thawing are affecting or hindering the market growth in this industry all over the globe. The increasing demand for room temperature storage technologies is to further create opportunities for  bio preservation all around the globe in the upcoming forecasting period. 

Global  Bio preservation Market Definition

 Bio preservation refers to the use of controlled antibacterial products or natural products to preserve, such as plasma, cells, tissues, saliva, blood, Agri product, and organs, outside of their native environment. The equipment consists of refrigerators, liquid nitrogen banks, and freezers that ensure the stability and purity of the biological materials. This will increase or extends its shelf life. It also helps in the food sector to extend or to increase the shelf life of the end-product, as it exploits the antimicrobial properties of pathogens on food products.  Bio preservation exhibits non-toxic, non-immunogenic, thermo-resistance, and broad bactericidal activity due to its attributes, it is widely used in healthcare facilities to store clinical trial materials, conduct genomic research, perform organ transplants, and conduct studies on cells. The bacteria that are used in food grade Bio preservative are Lactobacillus, Lactococcus, Pedi coccus, Leucon Stoc, Carnobacterium, and Enterococcus. The most commonly used bio-preservatives are essential oils, bacteriocins herbs, spices, fermentation, sugar, salt, and vinegar. They exhibit growth inhibition of various microorganisms that are added at different concentrations to preserve food products.

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Global  Bio preservation Market Dynamics

Drivers: Increase in demand for food with an extended shelf life

Bio-preservation is a technique from which the shelf life of food can be extended by using natural or controlled microbiota or antimicrobials. An increase in the work hours of the consumer or population has distinctly changed their lifestyles, and consequently, their eating habits. These changes in their lifestyle are demanding  bio preservation food products that provide convenient consumption and longer shelf life of food products without harming their nutrients. Hence the increase in population leads to an increase in demand for  bio preservation food in the food & beverage industry. The rising demand for foods with extended shelf life has shown a high impact on the  bio preservation industry all around the globe.

Scope of the Global Bio preservation Market

The study categorizes the bio preservation market based on component, waste type, method, and application at the regional and global levels.

By Type Outlook (Sales, USD Million, 2017-2030)

• Bio preservation Media
  • Nutrient Media
  • Sera
  • Growth Factors & Supplements
• Biospecimen Equipment
  • Temperature Control Systems
• Freezers
• Cryogenic Storage Systems
• Thawing Equipment
• Refrigerators
  • Accessories
  • Alarms & Monitoring systems
  • Incubators
  • Centrifuges
  • Other Equipment

By Biospecimens Outlook (Sales, USD Million, 2017-2030)

• Human Tissue Samples
• Organs
• Stem Cells

By End User Outlook (Sales, USD Million, 2017-2030)

• Biobanks
• Gene Banks
• Hospitals

By Application Outlook (Sales, USD Million, 2017-2030)

• Therapeutic Applications
• Research Applications
• Clinical Trials

By Region Outlook (Sales, USD Million, 2017-2030)

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Italy
  • France
  • UK
  • Spain
  • Poland
  • Russia
  • The Netherlands
  • Norway
  • Czech Republic
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Indonesia
  • Malaysia
  • Thailand
  • Singapore
  • Australia & New Zealand
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Colombia
  • Rest of South America
• The Middle East & Africa
  • Saudi Arabia
  • UAE
  • South Africa
  • Northern Africa
  • Rest of MEA

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Bio preservation Media segment is projected to account for the highest  CAGR, by type

Based on type, the global  bio preservation market is divided into Bio preservation Media, Biospecimen Equipment, Freezers, Cryogenic Storage Systems, Thawing Equipment, Refrigerators. The bio preservation media segment is expected to account the highest CAGR during the forecasting period. Researchers have more access to and share research data and analyses through media applications, which will improve their ability to research, diagnose, monitor, and treat health disorders, which are expected to drive the market.

The equipment segment will be dominating share in the global market and is expected to register a significant revenue during the forecasting period. A growing government initiative combined with increase in investments in research and development will support the treatment of multiple chronic diseases and degenerative conditions with cell and gene therapies.

North America accounts for the highest market share during the forecast period

North America dominates the bio preservation market because the stable drug expansions as well as advanced therapies in the field of biomedical research. As chronic diseases become more prevalent in the region, bio preservation becomes more prevalent. Rising awareness of personalized medicines, growing research activities related to regenerative medicines and growing cases of obesity are the major factors driving the regional market growth.

The Asia-Pacific region is anticipated to accounts the highest CAGR for the forecasting period. Government initiatives, a rise in chronic diseases and degenerative conditions, and increased research investments are major factors that facilitate regional market development.

Key Market Players in the Global  Bio preservation Market

Major players in the global  bio preservation market are:

• ThermoGenesis Corp.
• Thermo Fisher Scientific Inc.
• Exact Sciences Corporation
• Merck KGaA
• BioLifeSolutions Inc.
• Worthington Industries, Inc.
• Avantor, Inc.
• Bio-Techne.
• Chart Industries
• BioCision.

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Recent Developments

• In April 2021, BioLife Solutions had launched a new high-capacity controlled freezer to cater to the cell and gene therapy market. This will help the company to expand its existing product portfolio.
• In January 2020, Merck, one of the leading companies that’s deals in science and technology, had announced an investment of € 250 billion to implement the new facility in Corsier-sur-Vevey, Switzerland. This facility had strengthened company’s presence in bio preservation media and equipment market.
• In September 2022, Exact Sciences Corp has announced that it has acquired PreventionGenetics, a genetic testing laboratory, to complement its advanced cancer diagnostics portfolio and support its entrance into hereditary cancer testing.

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