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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