Biopreservation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Biopreservation Market Growth and it is Segmented By Product (Biopreservation Media and Equipment), Application Area (Biobanking, Regenerative Medicine, Drug Discovery, and Other Application Areas), End User (Biobanks, Hospitals, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market values are provided in terms of (USD million) for the above segments.

Biopreservation Market Size

Single User License
Team License
Corporate License
Book before:
Biopreservation Market Summary
share button
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 15.30 %
Fastest Growing Market Asia-Pacific
Largest Market North America
Market Concentration Medium

Major Players

Biopreservation Market Major Players

*Disclaimer: Major Players sorted in no particular order


Need a report that reflects how COVID-19 has impacted this market and its growth?

Single User License


Team License


Corporate License

Book before:

Biopreservation Market Analysis

The biopreservation market is expected to register a CAGR of 15.3% during the forecast period.

The impact of COVID-19 was significant owing to the increased research and development activities of pharmaceutical and biotech companies to prepare and manufacture a vaccine, which required biopreservation. For instance, an article published in Stem Cells Translational Medicine Journal stated that the pandemic resulted in the USFDA approving EUA for three mRNA vaccines that Pfizer-BioNTech manufactured in December 2020, Moderna in December 2020, and Janssen in February 2021. The shipping and storage requirements for these vaccines (ultra-cold vs. refrigerated) necessitated bioprocessing methods. Thus, the COVID-19 pandemic is expected to impact the market significantly.

Biopreservation has broad public health and socio-economic impacts, and it is affecting many lives across the world. It has been widely used to preserve cells and tissues, targeting its reproductive medicine and organ transplantation applications. Stem cell banking and gene banking have also gained global popularity.

Factors driving the market growth include improving healthcare expenditure, adopting in-house sample storage in hospitals and labs, and increasing research and development investment.

Biopreservation is crucial in evolving regenerative medicine. The rise in funding by companies to support biopreservation-based pharmaceutical companies to fulfill the growing demand for tissue and cell preservation is likely to propel market growth. For instance, in December 2021, X-Therma Inc., a biotechnology startup creating technology for regenerative medicine and organ preservation, closed an oversubscribed USD 13 million Series A funding round. The financing was being handled by the entrepreneur-run investment company LOREA AG, with participation from notable return angel investors as well as Zen11 Holdings, Graphene Ventures, VU Venture Partners, Methuselah Foundation, and a few others.

Also, in January 2022, Ori Biotech launched a cell and gene therapy platform after securing over USD 100 million in Series B funding. The interest of entrepreneurs and pharmaceutical companies in investing in a biopreservation company is likely to propel market growth.

Additionally, advancements in technology, increasing product approvals, partnerships, and acquisitions by key players, are helping in the market growth. For instance, in February 2022, Guy's and St Thomas', United Kingdom, launched a fertility preservation service for ovarian tissue cryopreservation for women undergoing cancer treatment. Growing technological advancements and launches in biopreservation, along with the cost-effectiveness of these instruments, are expected to create lucrative opportunities for the target market growth in the given timeframe.

However, the high cost of the instruments and their maintenance and the possibility of tissue injury during preservation is likely to impede the market growth.

Biopreservation Market Trends

This section covers the major market trends shaping the Biopreservation Market according to our research experts:

Regenerative Medicine is Expected to Hold a Significant Market Share Over the Forecast period.

Regenerative medicines repair, replace, and regenerate the tissues and organs affected by injury, disease, or the natural aging process. These medicines restore the functionality of cells and tissues and are used in several degenerative disorders, such as dermatology, neurodegenerative diseases, cardiovascular, and orthopedics.

Various partnerships worldwide in regenerative medicine to boost research and development are projected to augment the segment's growth. For instance, in September 2021, the Regenerative Medicine Catalyst Project was launched in collaboration with seven partners to monitor regenerative medicine research development and funding in the country over the next three years. The increased demand for regenerative medicine that employs biopreservation to treat life-threatening diseases like cancer is likely to propel the segment's growth.

Furthermore, the increasing innovation, product approvals, and launches by key market players in regenerative medicine cryopreservation are expected to boost segment growth. For instance, in May 2022, X-Therma Inc. received Breakthrough Device status from the FDA for its XT-ViVo Preservation Solution and TimeSeal Organ Transport Device. The TimeSeal Organ Transport Device is intended to maintain adult donor kidneys at a static hypothermic temperature during transport and subsequent transplantation into a recipient. It uses XT-ViVo, a cutting-edge organ preservation solution, which is indicated for perfusing and flushing a donor's kidney either just before or right away after removal from the donor. Such advancements and launches in regenerative medicine are projected to propel the segment's growth during the forecast period.

Total Cases of COVID-19 (in Millions), Global, As of August 2022

North America is Expected to Dominate the Biopreservation Market over the Forecast Period

The North American market is primarily driven by the rise in demand for the preservation of blood, solid tissue specimens, including paraffin-embedded or frozen bio-specimen of tumors, and other tissues (like peripheral blood cells, bone marrow, and stem cells-derived cord blood and its derivatives), across multiple research institutes, pathological centers, and hospitals.

The surge in the government's investment in drug discovery is projected to boost the biopreservation utility for the preservation of cells, tissues, and organs ex-vivo for the purpose of storage, shipment, and transportation. For instance, the Canadian government invested USD 45 million in the current year over the next three years to the Stem Cell Network to encourage stem cell and regenerative medicine research. Such investments are anticipated to boost the utility and demand of biopreservation in the region, thereby boosting market growth during the forecast period.

Additionally, advancements in technology, increasing product approvals, partnerships, and acquisitions by key players are helping in the market growth. For instance, in February 2022, OriGen Biomedical Inc., a global medical device manufacturer of cryopreservation, cell culture, and respiratory products, launched CryoStore FLEX Freezing Bag in the United States and Europe. The CryoStore FLEX Bag is designed for the cryopreservation of blood components and offers the multi-chamber flexibility of small-volume dose solutions.

Biopreservation Market- Growth Rate by Region

Biopreservation Industry Overview

The biopreservation market is slightly fragmented due to the presence of a few companies operating globally and regionally. The competitive landscape includes an analysis of a few international and local companies that hold market shares and are well known. Some of the key market players are BioCision LLC, BioLife Solutions, Cesca Therapeutics Inc., Core Dynamics Ltd, Custom Biogenic Systems Inc., Lifeline Scientific Inc., Merck KGaA, Princeton CryoTech Inc., Azenta US Inc., Thermo Fisher Scientific Inc., MVE Biological Solutions, and VWR International among others.

Biopreservation Market Leaders

  1. BioLife Solutions

  2. Lifeline Scientific Inc.

  3. Merck KGaA

  4. Princeton CryoTech Inc.

  5. VWR International, LLC

*Disclaimer: Major Players sorted in no particular order

Biopreservat Market Concentration.png
bookmark Need More Details on Market Players and Competitors?
Download PDF

Biopreservation Market News

  • In October 2022, Azenta, Inc. acquired B Medical Systems S.á r.l and its subsidiaries, a provider of temperature-controlled storage and transportation solutions that enables the delivery of life-saving treatments across the globe.
  • In July 2022, Cellutions BioStorage, a research-to-launch Cryopreservation Bank, was inaugurated in Chennai, India. Cellutions BioStorage is a full-service biomaterial storage and logistics provider that works with biopharmaceutical firms looking to outsource all aspects of supply chain management throughout the course of a product's life cycle. The recently-launched facility is spread over 25,000 square feet and has top-notch infrastructure.

Biopreservation Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Improving Healthcare Expenditure

      2. 4.2.2 Adoption of In-house Sample Storage in Hospitals and Labs

      3. 4.2.3 Increasing R&D Investment

    3. 4.3 Market Restraints

      1. 4.3.1 High Cost of the Instruments and its Maintenance

      2. 4.3.2 Possibility of Tissue Injury During Preservation

    4. 4.4 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION (Market Size by Value - USD million)

    1. 5.1 By Products

      1. 5.1.1 Biopreservation Media

      2. 5.1.2 Equipment

        1. Temperature Maintaining Units

        2. Consumables

        3. Other Equipments

    2. 5.2 By Application Area

      1. 5.2.1 Biobanking

      2. 5.2.2 Regenerative Medicine

      3. 5.2.3 Drug Discovery

      4. 5.2.4 Other Application Areas

    3. 5.3 By End User

      1. 5.3.1 Biobanks

      2. 5.3.2 Hospitals

      3. 5.3.3 Other End Users

    4. 5.4 Geography

      1. 5.4.1 North America

        1. United States

        2. Canada

        3. Mexico

      2. 5.4.2 Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. China

        2. Japan

        3. India

        4. Australia

        5. South Korea

        6. Rest of Asia-Pacific

      4. 5.4.4 Middle East and Africa

        1. GCC

        2. South Africa

        3. Rest of Middle East and Africa

      5. 5.4.5 South America

        1. Brazil

        2. Argentina

        3. Rest of South America


    1. 6.1 Company Profiles

      1. 6.1.1 BioCision LLC

      2. 6.1.2 BioLife Solutions Inc.

      3. 6.1.3 Cesca Therapeutics Inc.

      4. 6.1.4 Core Dynamics Ltd

      5. 6.1.5 Custom Biogenic Systems Inc.

      6. 6.1.6 Lifeline Scientific Inc.

      7. 6.1.7 Merck KGaA

      8. 6.1.8 Princeton CryoTech Inc.

      9. 6.1.9 VWR International

      10. 6.1.10 Azenta US Inc.

      11. 6.1.11 Thermo Fisher Scientific Inc.

      12. 6.1.12 MVE Biological Solutions

    2. *List Not Exhaustive

**Subject to Availability
**Competitive Landscape Covers - Business Overview, Financials, Products and Strategies, and Recent Developments
bookmark You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Biopreservation Industry Segmentation

As per the scope of the report, biopreservation is a process that helps store biological samples for a longer period. Cells, tissues, and plasmas are some of the common biological samples preserved through biopreservation. The biopreservation market is segmented by Product, Biopreservation Media, and Equipment (Temperature Maintaining Units, Consumables, and Other Equipment), Application Area (Biobanking, Regenerative Medicine, Drug Discovery, and Other Application Areas), End User (Biobanks, Hospitals, and Other End Users), and Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America). The market report also covers the estimated market sizes and trends for 17 different countries across major regions globally. The report offers the value (in USD million) for the above segments.

By Products
Biopreservation Media
Temperature Maintaining Units
Other Equipments
By Application Area
Regenerative Medicine
Drug Discovery
Other Application Areas
By End User
Other End Users
North America
United States
United Kingdom
Rest of Europe
South Korea
Rest of Asia-Pacific
Middle East and Africa
South Africa
Rest of Middle East and Africa
South America
Rest of South America
customize-icon Need A Different Region Or Segment?
Customize Now

Biopreservation Market Research FAQs

The Biopreservation Market is projected to register a CAGR of 15.30% during the forecast period (2024-2029)

BioLife Solutions , Lifeline Scientific Inc., Merck KGaA, Princeton CryoTech Inc. and VWR International, LLC are the major companies operating in the Biopreservation Market.

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Biopreservation Market.

The report covers the Biopreservation Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Biopreservation Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

Biopreservation Industry Report

Statistics for the 2024 Biopreservation market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Biopreservation analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!

Biopreservation Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)