Biopreservation Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Market Overview

• The biopreservation market is expected to witness a CAGR of 15.3% during the forecast period. Certain factors driving the market growth include improving healthcare expenditure, adoption of in-house sample storage in hospitals and labs, and increasing R&D investment.
• Healthcare expenditure continues to increase faster than economic growth in most countries, maintaining a trend observed over the decades. The presence of equitable, responsive, and efficient health systems across North America, Europe, and Asia Pacific has also contributed to the maximum possible share of GDP being utilized for healthcare expenditure. 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. 
• With the growing healthcare expenditure each year, the government collaborations with companies and universities for better exposure to the technology used and its development for higher efficiency are increasing. With growing technological advancements in biopreservation and healthcare equipment, along with the cost-effectiveness of these instruments, a major share of healthcare spending is going to be invested in this domain.
• However, concerns with the transition from laboratory to the market include the major problems of preservation and storage of tissues or cells. Despite the protection, the processes of freezing and thawing often cause tissue damage or cell injury. This factor hinders the growth of the market potential of biopreservation. Tissue cryopreservation is highly complicated and difficult than cryopreservation of individual cells. Injuries to cells during freezing and thawing are related to the physicochemical and biophysical changes that occur during cryopreservation.

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.

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Key Market Trends

Biopreservation Media is Expected to Hold Significant Market Share in the Product Type Segment

Nutrient media has found wide application in stem cell therapy and transplanted organ preservation. Tissue engineering, which includes stem cell storage, has seen prominent usage of nutrient media. Early-stage of stem cell culture depends on a continuous supply of oxygen and nutrition diffusion. Stem cell engineering has been widely used for treating bone defects. 

Nutrient media has also been used exclusively for organ preservation and organ transportation. The most common approaches for organ preservation during an organ transplant are simple static cold storage (SCS) and hypothermic machine perfusion (HMP). They are approved for transplantation of the liver, lungs, pancreas, heart, and kidney.

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