The emergence of biomedical research for new drugs and therapies will be one of the key factors responsible for the growth of the biopreservation market. Increasing utilization of stem cells, tissues, plasma and DNA in the research sector requires adequate storage facilities to accommodate samples and maintain their stability. Thus, equipment such as freezer, refrigerator, liquid nitrogen and consumables, along with media and laboratory information management system (LIMS) are utilized for storing biological samples.
The global biopreservation market is categorized into four segments based on product type, namely freezers, refrigerators, liquid nitrogen tanks and consumables. Freezers held the majority share of the market in 2012 on account of the following factors:
- Increase in plasma, cord blood and stem cell sample size
- Rising number of biopreservation facilities coupled with capacity expansion in the pre-existing setups
However, the global market for consumables is expected to grow at the fastest pace owing to the consistently increasing demand for cryo vials, cryo bags, cryogenic boxes, cryo tubes, gloves and other consumables from the existing biopreservation organizations. With rapid growth in the number of new bio-banks and sample size globally, the demand for consumables will rise continuously at a rapid pace during the forecast period.
The global market for LIMS will also experience growth with the rising adoption of automation by storage facilities. This demand will be majorly from developed economies such as the U.S., Canada, Japan, the U.K., France and Germany. Demand from the developing economies will be sluggish initially due to high purchase and installation cost of LIMS, but will escalate with growing funding support from parent and government organizations.
The media market comprises two categories, home-brew and pre-formulated media. The home-brew media segment held the majority share of the market in 2012 as it is the most preferred formulation used for storing samples. However, the demand for pre-formulated media is expected to rise rapidly during the forecast period owing to its rapid acceptance in the global biopreservation market.
Based on applications, the biopreservation market is further analyzed in terms of three segments, namely, regenerative medicine, biobanking and drug discovery. The biobanking application segment held the major market share of the global biopreservation market in 2012 and will retain its position in 2019, owing to approval of new biobanking projects in emerging economies such as India, Singapore, Korea, China, Malaysia, Brazil and African countries. Nevertheless, the regenerative medicine market will be growing at a faster pace during the forecast period due to factors such as rapid growth of the regenerative medicine market and rising demand for biospecimens in this field that involves research and therapy. Consequently, the demand for freezers, liquid nitrogen and media will increase.
Geographically, the global biopreservation market is categorized into four regions, North America, Europe, Asia-Pacific and Rest of the World (RoW). North America was the market leader in 2012 due to high presence of biopreservation organizations coupled with substantial amount of samples. Also, the adoption of automated processes is rapid in this region which results in high demand for LIMS. Conversely, the Asia-Pacific region is expected to grow with a faster CAGR than any other region, owing to the presence of unmet healthcare needs, high prevalence of chronic diseases and increase in funding capacity. Emerging economies such as China, India, Malaysia, Singapore, Indonesia and Brazil are expected to surpass the United States in terms of the demand for equipment and media. New biobanking projects and in-house biopreservation facilities will drive the demand for media, LIMS and equipment during the forecast period.
This report encompasses market estimations for the global biopreservation market for the forecast period 2013 to 2019. The market size is forecast considering 2012 as the base year and is represented in terms of USD million. The stakeholders for this report include market players in the biopreservation industry who aspire to gain further insights into this market in terms of different product types and applications. Moreover, this report can also be helpful for the new players desiring to enter the global biopreservation market.
Biopreservation involves storing of biological samples in a conducive environment to maintain cell viability until their end-use. Cells, tissues, saliva, plasma, organs other body fluids are some of the types of biological samples being preserved for various medical purposes. Biological samples are considered to be of high importance for the development of new products and treatment of chronic conditions. The market dynamics section of this report analyzes the impact of drivers, restraints and opportunities on the global biopreservation market. Rising demand for storage of biological samples coupled with increasing number of biopreservation facilities are considered some of the major driving factors in this report.
Porter’s five forces analysis for the global biopreservation market provides insights on the intensity of competition which can aid in decision making for investments in this industry. The market attractiveness section of this report provides a graphical representation of the attractiveness of biopreservation market in four major regions – North America, Europe, Asia-Pacific and Rest of the World, based on the market size, industrial environment and growth rate in respective regions, in 2012.
The global biopreservation market is categorized on the basis of product type, application and geography. The market size, from the period 2011 to 2019, for each of these segments is provided in USD million. In addition, growth rate in terms of CAGR (%) is estimated for the forecast period 2013 to 2019. The report focuses on products which are used in preserving the biological samples for various medical applications in biobanks, regenerative medicine and drug discovery.
Based on the product types, the global biopreservation market is segmented into equipment, laboratory information management system (LIMS) and media. The market for equipment is further analyzed as freezers, refrigerators, liquid nitrogen (LN2) tanks and consumables. Consumables include freezer racks, micro-plates, cryogenic boxes, cryo vials, cryogenic tongs, cryo tubes, cryo claw, bags, cryo tongs and other accessories utilized during the biopreservation process. Laboratory information management system (LIMS) is used in the biopreservation industry for efficient data management of the preserved samples. In addition, the media market is segmented into two types of formulations as the home-brew media and pre-formulated media. Convenience, cell viability and quality matters for determining the preference for these two types of media.
The biopreservation market is also segmented based on applications into regenerative medicine, biobanking and drug discovery. Geographically, the global biopreservation market is estimated and analyzed with respect to four regions namely North America, Europe, Asia-Pacific and Rest of the World. Moreover, this report elaborates the competitive landscape through heat map analysis by product type for the key players operating in the global biopreservation market. Presence of major players across different products segments in the global biopreservation market is highlighted in the heat map.
This report also provides a few strategic recommendations for the existing as well as new entrants in the global biopreservation market. Some of the key players of this market include Thermo Fisher Scientific Inc., VWR International LLC, BioLife Solutions Inc., BioCision LLC, Biomatrica Inc., Qiagen, LABVANTAGE Solutions Inc. and Panasonic Corporation. The presence of these market players in the global biopreservation market is explored by profiling them on various attributes such as company overview, financial overview, product portfolio, business strategies and recent developments.
The global biopreservation market is segmented as follows:
Biopreservation Market, by Product Type
- Liquid Nitrogen (LN2) Tanks
- Home-brew Media
- Pre-formulated Media
Biopreservation Market, by Applications
- Regenerative Medicine
- Drug Discovery
Biopreservation Market, by Geography
- North America
- Rest of the World