#Stem Cell Banking Market Demand

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Stem Cell Therapy Market Scope With Major Impacting Factors And Investment Study, 2032

Stem cell therapy is a revolutionary medical treatment that utilizes the unique properties of stem cells to repair or replace damaged tissues and organs. Stem cells, known for their ability to develop into various cell types, offer immense potential in treating conditions such as spinal cord injuries, heart disease, and neurodegenerative disorders. As a pioneering approach in regenerative medicine, stem cell therapy is transforming healthcare by addressing the root causes of disease, improving patient outcomes, and opening new possibilities for personalized treatment.

The Stem Cell Therapy Market Size was valued at USD 287 million in 2023 and is witnessed to reach USD 1,113.12 million by 2032 and grow at a CAGR of 17.10% over the forecast period 2024-2032.

Future Scope

The future of stem cell therapy holds the promise of more precise, targeted, and accessible treatments. Advances in genetic engineering and cell cultivation techniques are enabling researchers to generate specialized stem cells for personalized therapies, while innovations in cell banking are expanding the availability of stem cells for patients worldwide. As clinical trials continue to validate the effectiveness of stem cell therapies across a range of conditions, regulatory approvals are expected to accelerate, allowing more patients to benefit from these life-changing treatments.

Trends

Several key trends are shaping the field of stem cell therapy, including the growing use of induced pluripotent stem cells (iPSCs), which are created by reprogramming adult cells into an embryonic-like state. This breakthrough minimizes ethical concerns associated with embryonic stem cells and provides a versatile source for generating patient-specific treatments. Another trend is the integration of CRISPR gene-editing technology, which allows for precise genetic modifications of stem cells to enhance therapeutic outcomes. Additionally, stem cell clinics are expanding globally, driven by increasing demand for regenerative solutions to address aging and chronic health issues.

Applications

Stem cell therapy has a wide range of applications, from treating injuries and chronic diseases to developing regenerative solutions for aging-related conditions. In orthopedics, stem cell injections help repair cartilage and promote joint health, offering a potential alternative to surgery. In neurology, stem cell treatments are being explored to replace damaged neurons in conditions such as Parkinson’s disease and stroke. Additionally, stem cells are used in cosmetic and anti-aging procedures to rejuvenate skin and tissues, showcasing the versatility and potential of stem cell-based therapies.

Key Points

Stem cell therapy regenerates damaged tissues, offering new treatments for various conditions.

Future advancements include personalized therapies, gene-editing integration, and expanded cell banking.

Trends include iPSCs, CRISPR gene-editing, and global stem cell clinic expansion.

Applications range from orthopedic and neurological treatments to anti-aging procedures.

Stem cell therapy represents a promising alternative to traditional treatments for chronic diseases.

Conclusion

Stem cell therapy stands at the forefront of regenerative medicine, offering hope for more effective, personalized treatments across multiple health conditions. As technology continues to evolve, stem cell therapies are poised to become increasingly accessible and tailored to individual needs. By providing regenerative solutions, stem cell therapy has the potential to redefine patient care, improve quality of life, and ultimately transform the healthcare landscape for generations to come.

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Biopreservation Market Revenue, Share and Growth Rate to 2030

The global biopreservation market was valued at USD 2.18 billion in 2022, and it is expected to grow at an impressive compound annual growth rate (CAGR) of 28.30% from 2023 to 2030. This growth is driven by various factors, including extensive applications in healthcare settings like hospitals and laboratories, increased funding from both government and private entities, and advancements in research and development, particularly in the development of new products. For instance, BioLife Solutions introduced a new high-capacity controlled freezer in April 2021, aimed at supporting the cell and gene therapy sector. This addition helped the company expand its product range within biopreservation. The COVID-19 pandemic initially posed challenges for the industry, with disruptions in supply chains, shortages of raw materials, and slowdowns in research activities. However, it also accelerated interest and investment in biologics and vaccine technologies, which ultimately increased the demand for biopreservation solutions, especially for biologics manufacturing and preservation.

Biopreservation is a technique that enables the maintenance of biological materials such as stem cells, DNA, tissues, and organs under controlled temperatures, extending their viability outside their natural environment. Advances in technology, including microarrays, hybrid predictive models, and various API algorithms, are helping to streamline the biopreservation process by reducing its time, cost, and complexity. Additionally, the development of multiplex cellular imaging platforms is expected to boost biopreservation capabilities, especially in supporting disease research. These imaging platforms allow for better analysis of disease progression and facilitate targeted diagnostic and treatment strategies, benefiting fields like cardiology, gynecology, and point-of-care medicine.

Gather more insights about the market drivers, restrains and growth of the Biopreservation Market

Demand for biopreservation has significantly increased in the research and development of biologics across various sectors, including immunotherapy, vaccine production, antibody development, enzyme technology, and bio-manufacturing of chemicals. This surge is partially due to the rising global prevalence of chronic diseases. For example, according to the Centers for Disease Control and Prevention (CDC), cardiovascular diseases and cancer remain among the leading causes of mortality in adults in the United States.

In addition, government and private investments in research and development have spurred significant advancements in the market. There is growing demand for preserving stem cells and creating new biological treatments and products, which has attracted considerable attention and funding from investors. The substantial healthcare spending in this sector is likely to fuel the market's growth in the coming years.

However, the expanding biopreservation market faces some challenges. Key issues include a shortage of skilled professionals, high costs for training, and limited standardization in cybersecurity measures for biopreservation software. These factors may pose risks to market growth by adding complexity and increasing costs for companies operating in this space.

Application Segmentation Insights:

In terms of applications, the biobanking segment held a significant portion of the global market, accounting for 70.65% in 2022. The increasing awareness of stem cell preservation, rising acceptance of sperm and egg banking, and the use of assisted reproductive technologies in animals have all contributed to the segment’s growth. Many pharmaceutical companies are now collaborating with biobanks and hospitals for tissue and biological sample preservation.

The regenerative medicine segment is expected to grow at a higher CAGR of 29.68% during the forecast period, driven by a strong demand for advanced bio-storage techniques. Innovations in specific preservation techniques are likely to further boost growth in this segment over the coming years.

Order a free sample PDF of the Biopreservation Market Intelligence Study, published by Grand View Research.

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Biopreservation Market Competitive Landscape and Industry Analysis 2030

The global biopreservation market was valued at USD 2.18 billion in 2022, and it is expected to grow at an impressive compound annual growth rate (CAGR) of 28.30% from 2023 to 2030. This growth is driven by various factors, including extensive applications in healthcare settings like hospitals and laboratories, increased funding from both government and private entities, and advancements in research and development, particularly in the development of new products. For instance, BioLife Solutions introduced a new high-capacity controlled freezer in April 2021, aimed at supporting the cell and gene therapy sector. This addition helped the company expand its product range within biopreservation. The COVID-19 pandemic initially posed challenges for the industry, with disruptions in supply chains, shortages of raw materials, and slowdowns in research activities. However, it also accelerated interest and investment in biologics and vaccine technologies, which ultimately increased the demand for biopreservation solutions, especially for biologics manufacturing and preservation.

Biopreservation is a technique that enables the maintenance of biological materials such as stem cells, DNA, tissues, and organs under controlled temperatures, extending their viability outside their natural environment. Advances in technology, including microarrays, hybrid predictive models, and various API algorithms, are helping to streamline the biopreservation process by reducing its time, cost, and complexity. Additionally, the development of multiplex cellular imaging platforms is expected to boost biopreservation capabilities, especially in supporting disease research. These imaging platforms allow for better analysis of disease progression and facilitate targeted diagnostic and treatment strategies, benefiting fields like cardiology, gynecology, and point-of-care medicine.

Gather more insights about the market drivers, restrains and growth of the Biopreservation Market

Demand for biopreservation has significantly increased in the research and development of biologics across various sectors, including immunotherapy, vaccine production, antibody development, enzyme technology, and bio-manufacturing of chemicals. This surge is partially due to the rising global prevalence of chronic diseases. For example, according to the Centers for Disease Control and Prevention (CDC), cardiovascular diseases and cancer remain among the leading causes of mortality in adults in the United States.

In addition, government and private investments in research and development have spurred significant advancements in the market. There is growing demand for preserving stem cells and creating new biological treatments and products, which has attracted considerable attention and funding from investors. The substantial healthcare spending in this sector is likely to fuel the market's growth in the coming years.

However, the expanding biopreservation market faces some challenges. Key issues include a shortage of skilled professionals, high costs for training, and limited standardization in cybersecurity measures for biopreservation software. These factors may pose risks to market growth by adding complexity and increasing costs for companies operating in this space.

Application Segmentation Insights:

In terms of applications, the biobanking segment held a significant portion of the global market, accounting for 70.65% in 2022. The increasing awareness of stem cell preservation, rising acceptance of sperm and egg banking, and the use of assisted reproductive technologies in animals have all contributed to the segment’s growth. Many pharmaceutical companies are now collaborating with biobanks and hospitals for tissue and biological sample preservation.

The regenerative medicine segment is expected to grow at a higher CAGR of 29.68% during the forecast period, driven by a strong demand for advanced bio-storage techniques. Innovations in specific preservation techniques are likely to further boost growth in this segment over the coming years.

Order a free sample PDF of the Biopreservation Market Intelligence Study, published by Grand View Research.

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Biopreservation Market Growth Drivers With Outlook And Opportunity Forecast To 2030

The global biopreservation market was valued at USD 2.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.30% from 2023 to 2030. The rapid growth of this market is driven by a variety of factors, including the extensive use of biopreservation in hospitals, research labs, and healthcare facilities. Increased funding from both government entities and private organizations in healthcare is bolstering this growth, alongside a rise in research and development activities. In addition, advancements in product development are contributing to the expanding market. For instance, BioLife Solutions introduced a high-capacity controlled freezer in April 2021, targeting the cell and gene therapy market, which enabled the company to extend its product offerings.

Despite the market's expansion, the COVID-19 pandemic posed significant challenges, such as supply chain disruptions, shortages of raw materials, and interruptions to research activities. However, the pandemic also accelerated the development of novel biologics and vaccine technologies, creating a surge in demand for biologics manufacturing and preservation. As a result, opportunities for biopreservation are expected to increase, further boosting the market.

Gather more insights about the market drivers, restrains and growth of the Biopreservation Market

Biopreservation involves maintaining the integrity and functionality of biological materials such as stem cells, DNA, tissues, and organs by storing them at specific temperatures. This process extends their viability outside of their natural environment. Recent technological innovations, including microarrays and the incorporation of predictive models like hybrid models and API algorithms, have significantly reduced the time, cost, and complexity of biopreservation processes. These technological advancements are enhancing efficiency and performance across the industry.

Moreover, multiplex cellular imaging platforms are emerging as a transformative technology in the biopreservation field. These platforms improve the ability to monitor disease progression and offer insights into suitable diagnostic and treatment measures. They are particularly useful for specific healthcare areas like cardiology, gynecology, and point-of-care diagnostics. As these innovations progress, the role of biopreservation in modern healthcare is expected to expand.

Product Segmentation Insights:

The equipment segment dominated the biopreservation market in 2022, accounting for 78.75% of the market share. This is largely due to the growing demand for bio-banking services, which are used to preserve stem cells, DNA, plasma, and tissue cultures. The ability of biopreservation equipment to provide adequate storage capacity while requiring minimal maintenance has contributed to the widespread adoption of these solutions. As more healthcare providers and research facilities adopt biopreservation technologies, the equipment segment is expected to continue its strong performance.

The media segment, although smaller in market share, has significant growth potential. It is a crucial element of the biopreservation process, ensuring that biological materials are preserved effectively. The media segment is projected to grow at a remarkable CAGR of 29.99% from 2023 to 2030. Media applications are becoming more sophisticated, offering features that enhance research by enabling better data sharing and analysis. These advancements allow researchers to improve their capabilities in diagnosing, monitoring, and treating various health conditions, which is expected to drive significant market growth over the forecast period. As a result, the media segment will play an increasingly important role in advancing the overall effectiveness and efficiency of biopreservation.

Order a free sample PDF of the Biopreservation Market Intelligence Study, published by Grand View Research.

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Biopreservation Industry Analysis, Opportunities And Forecast Report, 2030

The global biopreservation market was valued at USD 2.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.30% from 2023 to 2030. The rapid growth of this market is driven by a variety of factors, including the extensive use of biopreservation in hospitals, research labs, and healthcare facilities. Increased funding from both government entities and private organizations in healthcare is bolstering this growth, alongside a rise in research and development activities. In addition, advancements in product development are contributing to the expanding market. For instance, BioLife Solutions introduced a high-capacity controlled freezer in April 2021, targeting the cell and gene therapy market, which enabled the company to extend its product offerings.

Despite the market's expansion, the COVID-19 pandemic posed significant challenges, such as supply chain disruptions, shortages of raw materials, and interruptions to research activities. However, the pandemic also accelerated the development of novel biologics and vaccine technologies, creating a surge in demand for biologics manufacturing and preservation. As a result, opportunities for biopreservation are expected to increase, further boosting the market.

Gather more insights about the market drivers, restrains and growth of the Biopreservation Market

Biopreservation involves maintaining the integrity and functionality of biological materials such as stem cells, DNA, tissues, and organs by storing them at specific temperatures. This process extends their viability outside of their natural environment. Recent technological innovations, including microarrays and the incorporation of predictive models like hybrid models and API algorithms, have significantly reduced the time, cost, and complexity of biopreservation processes. These technological advancements are enhancing efficiency and performance across the industry.

Moreover, multiplex cellular imaging platforms are emerging as a transformative technology in the biopreservation field. These platforms improve the ability to monitor disease progression and offer insights into suitable diagnostic and treatment measures. They are particularly useful for specific healthcare areas like cardiology, gynecology, and point-of-care diagnostics. As these innovations progress, the role of biopreservation in modern healthcare is expected to expand.

Product Segmentation Insights:

The equipment segment dominated the biopreservation market in 2022, accounting for 78.75% of the market share. This is largely due to the growing demand for bio-banking services, which are used to preserve stem cells, DNA, plasma, and tissue cultures. The ability of biopreservation equipment to provide adequate storage capacity while requiring minimal maintenance has contributed to the widespread adoption of these solutions. As more healthcare providers and research facilities adopt biopreservation technologies, the equipment segment is expected to continue its strong performance.

The media segment, although smaller in market share, has significant growth potential. It is a crucial element of the biopreservation process, ensuring that biological materials are preserved effectively. The media segment is projected to grow at a remarkable CAGR of 29.99% from 2023 to 2030. Media applications are becoming more sophisticated, offering features that enhance research by enabling better data sharing and analysis. These advancements allow researchers to improve their capabilities in diagnosing, monitoring, and treating various health conditions, which is expected to drive significant market growth over the forecast period. As a result, the media segment will play an increasingly important role in advancing the overall effectiveness and efficiency of biopreservation.

Order a free sample PDF of the Biopreservation Market Intelligence Study, published by Grand View Research.

[harshnews]

Thawing Equipment Market Size, Share, Trends, Growth Opportunities and Competitive Outlook

"Global Thawing Equipment Market – Industry Trends and Forecast to 2029

Global Thawing Equipment Market, By Product (Manual, Automatic), Sample (Blood Products, Ovum/Embryo, Semen, Human Tissue Samples, Organs, Stem Cells, Other), End User (Blood Banks and Transfusion Centers, Hospitals, Research Laboratories, Pharmaceutical Industry, Biobanks, Gene Banks), Application (Therapeutic Applications, Research Applications, Clinical Trials, Other Applications) – Industry Trends and Forecast to 2029.

Access Full 350 Pages PDF Report @

**Segments**

- **Material Type:** - Based on material type, the wicketed bags market can be segmented into polyethylene (PE), polypropylene (PP), polyethylene terephthalate (PET), biodegradable materials, and others. Among these, polyethylene bags are expected to dominate the market due to their cost-effectiveness and versatility in various applications.

- **Closure Type:** - The closure type segment includes options such as resealable zipper closures, heat seal closures, adhesive closures, and others. Resealable zipper closures are gaining popularity due to their convenience and ability to keep the contents fresh for longer durations.

- **End-Use Industry:** - This segment categorizes the wicketed bags market based on end-use industries like food packaging, pharmaceuticals, personal care and cosmetics, industrial, retail, and others. The food packaging industry is anticipated to hold a significant share owing to the increasing demand for convenient and sustainable packaging solutions.

**Market Players**

- **Amcor plc:** - Amcor is a key player in the wicketed bags market, offering a wide range of packaging solutions that cater to various industries. The company focuses on innovation and sustainability to meet the evolving needs of customers.

- **Bemis Company, Inc.:** - Bemis Company is another prominent player known for its advanced packaging technologies, including wicketed bags. The company's strong market presence and focus on product quality have solidified its position in the industry.

- **Berry Global, Inc.:** - Berry Global is a leading manufacturer of wicketed bags, providing customizable packaging solutions to meet specific requirements. The company's robust supply chain and global reach make it a reliable partner for customers worldwide.

- **Mondi plc:** - Mondi is a well-known name in the packaging industry, offering innovative wicketed bag solutions that prioritize sustainability and efficiency. With a strongThe wicketed bags market is witnessing significant growth and evolution driven by various segmentation factors. Material type segmentation plays a crucial role in determining the market landscape. The dominance of polyethylene (PE) bags is primarily attributed to their cost-effectiveness and versatility across different applications. Polypropylene (PP) and polyethylene terephthalate (PET) bags also offer unique advantages, but the eco-friendly trend is fueling the demand for biodegradable materials in wicketed bags. As sustainability becomes a key focus for many industries, the market is likely to witness a shift towards biodegradable options in the coming years.

Closure type segmentation further enhances the customization and functionality of wicketed bags. Resealable zipper closures have gained popularity due to their convenience and ability to maintain product freshness over extended periods. Heat seal closures and adhesive closures also play significant roles in meeting specific requirements of different industries. The choice of closure type can impact consumer convenience, product protection, and overall user experience, making it a crucial element in the wicketed bags market segmentation.

The end-use industry segment categorizes the wicketed bags market based on the applications across various sectors. The food packaging industry is poised to be a key driver of the market growth due to the rising demand for convenient and sustainable packaging solutions. With consumers placing increasing emphasis on convenience and eco-friendliness, wicketed bags offer a practical solution for food packaging companies looking to align with these preferences. Additionally, the pharmaceutical, personal care and cosmetics, industrial, retail, and other industries also contribute to the diverse applications of wicketed bags, showcasing the market's versatility and adaptability to different market demands.

Market players such as Amcor plc, Bemis Company, Inc., Berry Global, Inc., and Mondi plc are key contributors to the growth and innovation in the wicketed bags market. These companies bring a wealth of experience, technological expertise, and a strong focus on sustainability to the table, catering to the**Global Thawing Equipment Market**

- **Product:** - The thawing equipment market is segmented based on product types into manual and automatic thawing equipment. Both manual and automatic thawing equipment play a crucial role in various industries such as blood banks, hospitals, research laboratories, and the pharmaceutical industry, catering to different needs and requirements.

- **Sample:** - The sample segment categorizes the thawing equipment market based on the types of samples being thawed. This includes blood products, ovum/embryo, semen, human tissue samples, organs, stem cells, and other sample types. Each sample category requires specific thawing conditions and protocols, driving the demand for specialized thawing equipment in the market.

- **End User:** - The end-user segment of the thawing equipment market entails blood banks and transfusion centers, hospitals, research laboratories, the pharmaceutical industry, biobanks, and gene banks. Each end user has unique thawing needs based on the samples being handled, highlighting the importance of tailor-made thawing equipment solutions for different applications.

- **Application:** - The application segment further refines the market by categorizing the use of thawing equipment into therapeutic applications, research applications, clinical trials, and other applications. Thawing equipment plays a critical role in ensuring the integrity and viability of samples for various applications, making it a key component in the healthcare and research sectors.

The global thawing equipment market is witnessing significant growth and

Countries Studied:

North America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)

Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)

Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)

Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

 Objectives of the Report

To carefully analyze and forecast the size of the Thawing Equipment market by value and volume.

To estimate the market shares of major segments of the Thawing Equipment

To showcase the development of the Thawing Equipment market in different parts of the world.

To analyze and study micro-markets in terms of their contributions to the Thawing Equipment market, their prospects, and individual growth trends.

To offer precise and useful details about factors affecting the growth of the Thawing Equipment

To provide a meticulous assessment of crucial business strategies used by leading companies operating in the Thawing Equipment market, which include research and development, collaborations, agreements, partnerships, acquisitions, mergers, new developments, and product launches.

Key questions answered

How feasible is Thawing Equipment Market for long-term investment?

What are influencing factors driving the demand for Thawing Equipment near future?

What is the impact analysis of various factors in the Global Thawing Equipment market growth?

What are the recent trends in the regional market and how successful they are?

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[tamanna31]

Biopreservation Market by Regions, Type & Applications During 2023-2030

Biopreservation Market Size & Trends

The global biopreservation market size was valued at USD 2.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.30% from 2023 to 2030. 

Biopreservation is experiencing growth due to various factors such as extensive usage in hospitals and labs, rising funding assistance from government and private partners in healthcare, an upsurge in research & development, and growing advancement in terms of product development. For example, in April 2021, BioLife Solutions launched a new high-capacity controlled freezer to cater to the cell and gene therapy market, which helped the company expand its existing product portfolio. The market experienced a major hindrance during the COVID-19 pandemic with supply chain issues, unavailability of raw materials, and hindrances in research activities among other reasons. However, the pandemic also accelerated the growth of novel biologics, and vaccine technologies. Due to these factors, opportunities for biologics manufacturing and preservation are anticipated to increase, thus generating further demand for biopreservation.

Gather more insights about the market drivers, restrains and growth of the Biopreservation Market 

Biopreservation is a process that helps maintain the integrity and functionality of biological products such as stem cells, DNA, tissues, and organs under different temperatures, thereby prolonging their lifespan outside their natural environment. Technology innovations include microarrays or incorporation of a wide range of predictive models, such as hybrid models, and various API algorithms which help reduce the time, cost and complexity of the overall process. Furthermore, the advent of multiplex cellular imaging platforms is anticipated to enhance the biopreservation ability to help understand disease progression and suggest suitable diagnostic & treatment measures to follow, specifically for cardiology, gynecology, and point-of-care applications.

In recent years, there has been an upsurge in demand for use of biopreservation to develop biological products in R&D of various sectors such as immunotherapies, vaccine production, antibody production, enzyme technology, and biologically produced chemicals. This impact is due to the rising number of chronic disease incidences globally. For instance, according to the Centers for Disease Control and Prevention, cardiovascular disorders and cancer are among the leading causes of disease-related mortality in adults in the U.S.  

Furthermore, the government and private sectors have shown interest and supported funding activities in research & development, leading to immense market developments. In recent years, the growing demand for preserving stem cells and developing biological medicines and products has gained investors' focus in this field. This considerable healthcare spending is expected to fuel market growth during the forecast period.

However, the growing biopreservation market is associated with challenges such as the unavailability of skilled professionals and the lack of stringent cybersecurity measures. The high cost of labor training and software standardization are some of the contributing factors. These challenges could potentially impact overall market growth.

Biopreservation Market Segmentation

Grand View Research has segmented the global biopreservation market report on the basis of product, application, and region:

Product Outlook (Revenue, USD Billion, 2018 - 2030)

Equipment

Freezers

Refrigerators

Consumables

Vials

Straws

Microtiter Plates

Bags

Liquid Nitrogen

Media

Pre-formulated

Home-brew

Laboratory Information Management System (LIMS)

Application Outlook (Revenue, USD Billion, 2018 - 2030)

Regenerative Medicine

Cell Therapy

Gene Therapy

Others

Bio-banking

Human Eggs

Human Sperms

Veterinary IVF

Drug Discovery

Regional Outlook (Revenue, USD Billion, 2018 - 2030)

North America

US

Canada

Europe

Germany

UK

France

Italy

Spain

Denmark

Sweden

Norway

Asia Pacific

China

Japan

India

Australia

Thailand

South Korea

Latin America

Brazil

Mexico

Argentina

Middle East and Africa (MEA)

South Africa

Saudi Arabia

UAE

Kuwait

Browse through Grand View Research's Biotechnology Industry Research Reports.

The global optical genome mapping market size was valued at USD 104.1 million in 2023 and is expected to grow at a CAGR of 26.76% from 2024 to 2030. 

The global therapeutic drug monitoring market size was valued USD 1.80 billion in 2023 and is projected to grow at a CAGR of 3.8% from 2024 to 2030. 

Key Companies & Market Share Insights

Key players in the market are opting for strategic initiatives, funding facilities for geographical expansion, partnerships, mergers and acquisitions in key regions. For instance, in January 2023, the Hamad Medical Corporation and Qatar BioBank launched a new tissue biobank service in Qatar to provide researchers the access to high-quality tissue samples. Some of the key players in the biopreservation market include:

Azenta US, Inc.

Biomatrica, Inc.

BioLife Solutions

MVE Biological Solutions

LabVantage Solutions, Inc.

Taylor-Wharton.

Thermo Fisher Scientific, Inc.

Panasonic Corporation

X-Therma Inc.

PrincetonCryo.

Stirling Ultracold 

Order a free sample PDF of the Biopreservation Market Intelligence Study, published by Grand View Research.

[healthtech-katta]

Cell Banking Outsourcing Market to Reach USD 41.54 Billion by 2031

Market Growth Driven by Increasing Demand for Cell-Based Therapies

The global Cell Banking Outsourcing Market was valued at USD 12.5 billion in 2023 and is expected to witness significant expansion, reaching an estimated USD 41.54 billion by 2031. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 16.2% over the forecast period from 2024 to 2031.

Factors Driving Market Expansion

Key drivers for this rapid market growth include the increasing demand for cell-based therapies, advancements in regenerative medicine, and a rise in biopharmaceutical research activities. The outsourcing of cell banking services, which involves the storage and maintenance of cell lines, is becoming a critical aspect of biopharmaceutical manufacturing processes. Companies are relying more on outsourcing due to the high costs and complexities of maintaining in-house cell banking infrastructure.

Technological Innovations and Biopharmaceutical Research

The rise in the development of innovative therapies, including gene therapy, immunotherapy, and stem cell research, has created an increasing need for reliable and efficient cell banking services. Outsourcing allows biotechnology firms and pharmaceutical companies to focus on research while leveraging specialized expertise and technologies in cell storage and quality control.

Regional Growth Insights

North America currently dominates the global market due to strong investments in biotechnology and biopharma research. However, the Asia-Pacific region is expected to grow at a rapid pace over the forecast period, driven by increasing healthcare expenditure, advancements in medical research, and the growing presence of contract manufacturing organizations (CMOs).

Market Outlook

With the ongoing advancements in cellular and genetic research, the cell banking outsourcing market is set for sustained growth, providing critical support for future developments in personalized medicine, regenerative therapies, and cutting-edge biopharmaceutical innovations. The future of the market will largely depend on technological advancements, regulatory developments, and increased collaboration between biopharma companies and outsourcing partners.

[market-insider]

Regenerative Medicine Market Analysis: Growth, Challenges, and Key Players

The global regenerative medicine market size is expected to reach USD 90.01 billion by 2030, expanding at a CAGR of 16.79% from 2024 to 2030, according to a new report by Grand View Research, Inc. The presence of a strong pipeline is one of the major drivers in the regenerative medicine market. Companies invest heavily in R&D to upgrade their products with the latest technology and fulfil the unmet needs of their customers.

Furthermore, with the increasing demand for disease treatment therapies, companies have focused their efforts to accelerate R&D for gene therapies that target the cause of disease at a genomic level. The cell and gene therapies in the U.S. pipeline programs (Phase I-III trials) grew from 289 in 2018 to 362 by 2019 according to the data published by PhRMA,. This represents an increase of 25% in a single year. Continuous advancements in this field would further boost the demand for regenerative medicines.

Technological advancements such as stem cells, tissue engineering, and nanotechnology has made regenerative medicines a highly interdisciplinary in field. Stem cells are undifferentiated cells, which have the capability to repair and/or regenerate into other cells such as cartilage, tendons, ligaments, muscle, and bones. In July 2021, BlueRock Therapeutics received FDA approval for its pluripotent stem cell-derived dopaminergic neuron therapy, DA01, for advanced Parkinson’s disease treatment. This approval was expected to expand the company’s offerings.

Several key players are taking strategic initiatives such as new product development, strategic alliances, and others have contributed to the regenerative medicine market growth. For instance, in November 2021, Astellas Pharma, Inc. entered into an agreement with Pantherna Therapeutics GmbH to study mRNA-based regenerative medicine. Under this initiative, Astellas' high drug discovery capabilities and Pantherna's state-of-the-art mRNA platform will be used to promote research on developing a new program. In addition, in May 2021, Bayer AG entered into a collaboration with Senti Bio for gene circuit-engineered cell therapies development for regenerative medicine.

For More Details or Sample Copy please visit link @: Regenerative Medicine Market Report

Regenerative Medicine Market Report Highlights

The therapeutics segment held the largest share in the regenerative medicine market, owing to the growing aging population coupled with an increasing rate of age-related disorders.

The rise in a number of clinical trials for stem cell and tissue-based regenerative therapies along with an increase in demand for regenerative therapies is expected to positively influence the growth of the market.

Stem cell and progenitor cell-based therapies are projected to witness significant growth owing to huge investments in the R&D space and a growing number of stem cell banks

North America dominated the market in 2023 owing to the presence of a significant number of research organizations and universities which are working on R&D of stem cell-based therapies.

Asia Pacific is anticipated to witness the fastest growth in the coming years owing to the rapid adoption of cell-based methods in the healthcare industry.

By therapeutic category, the oncology segment dominated the segment in 2023 owing to the increasing cases of cancer globally which is rising the demand for better solutions. The growing number of robust pipelines is driving the market growth.

Gain deeper insights on the market and receive your free copy with TOC now @: Regenerative Medicine Market Report We have segmented the global Regenerative Medicine market on the basis product, therapeutic category, and region

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The Global Cell and Tissue Preservation Market will grow at highest pace owing to increasing research in cryopreservation

The global cell and tissue preservation market covers equipment, consumables, and media used for cryopreservation and preservation of cells and tissues. Cell & tissue preservation allows long-term storage of biological samples at ultra-low temperatures for future application in research activities, clinical diagnostics, and cell & tissue-based therapies. Cell preservation equipment help in controlled freezing and thawing required for cryopreservation of samples, while consumables are one-time use containers and media are solutions required for storage of biological materials. The increasing research in application of stem cells for disease treatment and growing demand for biobanking are fueling the need for cell & tissue preservation products.

Global Cell And Tissue Preservation Market is estimated to be valued at USD 5.11 Bn in 2024 and is expected to reach USD 10.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031. 

Key Takeaways Key players operating in the global cell and tissue preservation market are Thermo Fisher Scientific, Inc., Lonza, BD, MerckKGaA, Cytiva, Agilent Technologies, Inc., Avantor, Inc., FUJIFILM Irvine Scientific, BioLifeSolutions Inc., AMSBIO, Princeton CryoTech, STEMCELL Technologies Inc., LGC SeraCare, Corning Incorporated, CellGenix GmbH. The global cell and tissue preservation market has seen rising demand due to increasing research in stem cell therapy and regenerative medicines. The number of clinical trials has increased multi-fold over the last decade. Preservation is vital for storage and transportation of biological samples used in these research studies and clinical applications. Technological advancements in cryopreservation process, equipment, and storage solutions are also fueling the Global Cell And Tissue Preservation Market Size. Automated freezing and controlled rate freezing equipment offer standardization and improve sample viability. Newer biomaterials provide better tissue preservation and enhance the capabilities of biobanks to store various sample types. Market trends: - Increased adoption of automated cell and tissue processing: Automation reduces manual errors and improves throughput and standardization in preservation workflow. - Growing preference for serum-free and animal-component free solutions: Developments are underway to address end-user demand for xeno-free formulations to avoid contamination. Market Opportunities: - Emerging economies in Asia Pacific and Latin America: Improving research infrastructure and increasing healthcare investments provide lucrative opportunities. - Umbilical cord blood and tissue banking: Expanding network of private and public banks worldwide augments demand for specialized preservation solutions. Impact of COVID-19 on Global Cell and Tissue Preservation Market Growth The outbreak of COVID-19 pandemic has significantly impacted the growth of Global Cell and Tissue Preservation Market Regional Analysis. During the initial lockdown period, hospitals and research institutes experienced supply chain disruptions as transportation restrictions were imposed globally. This led to shortage of raw materials such as preservation media for cell and tissue culture preservation. However, with increased focus on vaccine development and clinical testing, demand for preserved cell and tissue samples grew exponentially. Manufacturers responded swiftly by scaling up their production capacities and supply chains. Government funding for COVID-19 research also boosted the procurement of preservation products and equipment by biotech and pharmaceutical companies. Post lockdown, the market has witnessed growing demand from biobanks for long term preservation of COVID-19 testing samples as well as various cell lines used in vaccine development studies. The need to store clinical samples for future analysis has accelerated the adoption of automated banking equipment by government organizations. Moving forward, sustained research on virus pathogenesis and development of combination therapies will further augment the requirement for preserved biomaterials. Additionally, cell and tissue transplantation procedures deferred during peak pandemic period are being resumed, contributing to market revenues. Overall, COVID-19 has enhanced the significance of cell and tissue biobanking globally. Get more insights on Global Cell And Tissue Preservation Market

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Laboratory Freezers Market Value, Region, and Forecast to 2032

Laboratory freezers are essential equipment used to store biological samples, chemicals, and reagents at controlled temperatures, ensuring the integrity and viability of these materials for research and medical purposes. These freezers, which include ultra-low temperature (ULT) freezers, cryogenic freezers, and plasma freezers, are critical for scientific laboratories, hospitals, blood banks, and research institutions. Designed to maintain temperatures as low as -86°C, laboratory freezers offer safe storage solutions for sensitive materials like vaccines, blood components, and biological samples. With the increasing demand for cold storage due to advancements in biotechnology and molecular research, the laboratory freezer market is poised for growth.

Laboratory Freezers Market Size was valued at USD 4.83 billion in 2023 and is expected to reach USD 7.13 billion by 2031, and grow at a CAGR of 5% over the forecast period 2024-2031.

Future Scope

The future of the laboratory freezer market is promising, driven by the rising demand for cold storage solutions across various sectors, including healthcare, pharmaceutical, and life sciences research. Technological advancements in freezer design, such as energy-efficient models and smart monitoring systems, are expected to enhance the functionality and reliability of these devices. Additionally, the expansion of biobanks and the growing need for long-term storage of biological samples are anticipated to drive market growth. The demand for advanced freezers capable of maintaining ultra-low temperatures for storing sensitive materials like mRNA vaccines will continue to fuel the market.

Trends

Several key trends are shaping the laboratory freezer market. One of the major trends is the increasing demand for energy-efficient and environmentally friendly freezers that reduce operational costs and carbon footprints. Another significant trend is the rise of smart freezers with remote monitoring capabilities, allowing researchers to track temperature fluctuations in real-time and ensure the safe storage of critical samples. Additionally, there is a growing emphasis on the development of ultra-low temperature freezers with improved insulation and cooling technologies to cater to the rising demand for cold storage in biopharmaceuticals and biotechnology sectors.

Applications

Laboratory freezers have diverse applications across various industries. In medical and research laboratories, these freezers are used to store biological samples, tissues, blood components, and reagents at precise temperatures. Hospitals and blood banks rely on plasma freezers to preserve blood products, while cryogenic freezers are used in research institutions for the long-term storage of biological samples like stem cells and DNA. The pharmaceutical industry uses laboratory freezers to store vaccines, drugs, and other temperature-sensitive materials, ensuring their stability and efficacy over time.

Key Points

Laboratory freezers are critical for the safe storage of biological samples, reagents, and chemicals.

Future innovations include energy-efficient and smart freezers with advanced monitoring systems.

Key trends include a focus on sustainability and the development of ultra-low temperature freezers.

Applications span medical laboratories, hospitals, blood banks, and biopharmaceutical research.

The demand for cold storage solutions is rising due to advancements in biotechnology and vaccine development.

Conclusion

The laboratory freezer market is expected to witness significant growth as the demand for cold storage solutions increases across various sectors. Technological innovations in freezer design and the growing need for ultra-low temperature storage are driving market expansion. As industries such as biotechnology, pharmaceuticals, and healthcare continue to advance, laboratory freezers will remain a critical component in ensuring the safe and reliable storage of sensitive materials.

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Global Mesenchymal Stem Cells Market Overview

The Mesenchymal Stem Cells Market size was estimated at USD 3.11 billion in 2023 and is expected to reach USD 8.22 billion by 2031 with a growing CAGR of 12.93% during the forecast period of 2024-2031.The Mesenchymal Stem Cells (MSCs) market is poised at the intersection of groundbreaking research and therapeutic innovation, heralding a new era in regenerative medicine.

With their remarkable potential to differentiate into various cell types, MSCs have captivated the biomedical field, offering promising avenues for treating a spectrum of diseases from orthopedic injuries to autoimmune disorders. As scientific understanding deepens and clinical trials expand, the market for MSC therapies anticipates exponential growth, driven by robust investment in biotechnology and increasing healthcare demand for effective, personalized treatments. This burgeoning market not only holds the key to transformative therapies but also represents a pivotal frontier in harnessing the body's own healing mechanisms for improved patient outcomes worldwide.

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Market Scope & Overview

The most recent Mesenchymal Stem Cells Market  report offers accurate data on the market's size, share, and capacity for production, demand, and growth over the coming year. According to market research, the market is changing quickly, and both the impact on the present and the future are being examined. The market research team conducted thorough primary and secondary research to gather the relevant market data.

The market size and value for each industry, channel, and other sector are discussed in the research. It also takes into account the elements and traits that could affect the expansion of the market's sales. The market's present and future states are carefully examined in the worldwide Mesenchymal Stem Cells Market  research report.

Market Segmentation Analysis

By Products and Services

Products

Cells & Cell Lines

Kits, Media, & Reagents

Others

Services

By Workflow

Cell Sourcing & Isolation

Culture & Cryopreservation

Differentiation

Characterization

By Type

Autologous

Allogeneic

By Source of Isolation

Bone Marrow

Cord Blood

Peripheral Blood

Fallopian Tube

Fetal Liver

Lung

Adipose Tissues

By Indication

Bone And Cartilage Repair

Cardiovascular Disease

Inflammatory And Immunological Diseases

Liver Diseases

Cancer

GvHD

Others

By Application

Disease Modelling

Drug Development & Discovery

Stem Cell Banking

Tissue Engineering

Toxicology Studies

Others

COVID-19 Impact Analysis

The worldwide economy is significantly impacted by the coronavirus outbreak. The most recent COVID-19 scenario analysis is included in this Mesenchymal Stem Cells Market  research report. The top businesses, distributors, and supply chain organizations in the sector are also examined in the report.

Regional Outlook

North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the five geographic divisions of the market. The Mesenchymal Stem Cells Market report examines each regional market in great detail and sheds light on the key factors influencing it. The research takes into account factors such as market size and share, import/export ratios, supply/demand ratios, consumer demand ratios, technological advancements, R&D, infrastructure development, and a strong market presence across the board.

Competitive Analysis

To give readers a greater understanding of the important players, the study report covers cutting-edge research approaches including SWOT and Porter's Five Forces analysis. Additionally, it includes crucial data on the economy, global positioning, product portfolios, earnings, gross profit margins, and scientific and technology advancements. The key industry partnerships, product launches, and acquisitions are the subject of the Mesenchymal Stem Cells Market  research.

Key Reasons to Purchase Mesenchymal Stem Cells Market  Research Report

Market research contains critical development status, growth rates, evaluations of the competitive environment, and data on international marketing.

The research report offers a comprehensive view of the worldwide competitive climate as well as crucial details on the leading rivals and their projected future growth.

Conclusion

For industry participants and other stakeholders looking for a thorough analysis of the current market dynamics as well as realistic estimates, the Mesenchymal Stem Cells Market  research report will be a valuable resource.

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Cell Culture Market to Reach US$19,198.0 Million by 2024 Owing to Growing R&D Investments in Pharmaceutical Industry

The cell culture market has emerged as an important subject area in the fields of biotechnology and pharmaceutical industry. Cell culture involves growing eukaryotic or prokaryotic cells in an artificial controlled environment with a special growth medium. These cells can be derived from plants or animals and are allowed to grow, interact, and divide. Cell culture provides an ideal platform for understanding various aspects of cell physiology outside the body and helps in drug development processes. The Global cell culture market is estimated to be valued at US$ 19,198.0 Mn in 2024 and is expected to exhibit a CAGR of 7.2% over the forecast period 2023 to 2030. Key Takeaways Key players operating in the cell culture market are Corning Incorporated, Merck KGaA, Sartorius AG, BioSpherix, Ltd., Cell Culture Company, LLC, Thermo Fisher Scientific Inc., VWR International LLC, and Lonza. These players are focusing on new product launches and expansions to strengthen their market position. For instance, in 2021, Merck launched new cell culture media to support cell therapy research and developments. The demand for cell culture products is driven by the increasing investments in pharmaceutical and biotech research and rising prevalence of chronic diseases worldwide. Biopharmaceutical companies are engaged in developing novel biologic drugs for the treatment of diseases like cancer, cardiovascular, and infectious diseases which requires extensive cell-based research. Technological advancements like automated cell culture systems, serum-free media, and animal component-free solutions are helping researchers to gain insights faster. Developments in 3D cell culture techniques that can better mimic in vivo environments are further expected to provide a boost to the market. Market Trends Single-use bioreactors : Single-use bioreactors that minimize the risks of contamination and reduce production timelines are being increasingly adopted by biopharma players for monoclonal antibody production and viral vaccine manufacturing. Stem cell banking: Established companies are entering stem cell banking to facilitate clinical research in regenerative medicine. Increasing stem cell therapy treatments will drive the demand for reliable stem cell banking solutions. Market Opportunities Personalized medicine: Advancements in genomic sequencing technologies are enabling the development of novel personalized therapy approaches. This will open opportunities for developing patient-specific induced pluripotent stem (iPS) cell lines. Developing markets: Emerging economies in Asia Pacific and Latin America are witnessing significant growth in biotech industry. Leading players can expand their presence in these regions to tap into the opportunity.

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Biobanking Market worth $5.0 billion by 2028

Biobanking Market in terms of revenue was estimated to be worth $2.9 billion in 2023 and is poised to reach $5.0 billion by 2028, growing at a CAGR of 11.4% from 2023 to 2028 according to a new report by MarketsandMarkets™. The global biobanking market is expected to grow at a CAGR of 11.4% during the forecast period. The growth of this market is driven by increasing number of private cord blood banks has led to a rise in competition among biobanks, which has driven innovation and improvements in the quality of biobanking services. This, in turn, has fueled growth in the biobanking market as more companies seek to enter this expanding field and meet the growing demand for cord blood stem cell preservation.

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The global biobanking market is expected to grow at a CAGR of 11.4% during the forecast period. The growth of this market is driven by increasing number of private cord blood banks has led to a rise in competition among biobanks, which has driven innovation and improvements in the quality of biobanking services. This, in turn, has fueled growth in the biobanking market as more companies seek to enter this expanding field and meet the growing demand for cord blood stem cell preservation.

The blood products segment accounted for the largest share, by sample type in the biobanking market in 2022.

Based on sample type, the global biobanking market has been segmented into blood products, human tissues, nucleic acids, human waste products, cell lines, and biological fluids. The blood products segment held the largest share of the global biobanking market in 2022. This can be attributed to the rising incidence of blood disorders and the increasing demand for various types of blood products across the globe. With the ongoing expansion of biobanks and the increasing emphasis on precision medicine, the demand for blood products in biobanking is expected to remain strong, further propelling the growth of the global biobanking market

The manual storage segment accounted for the largest share of the storage type segment in the biobanking industry in 2022.

Based on storage, the global biobanking market has been segmented into manual storage and automated storage. The manual storage segment held the larger market share in 2022. The large share of this segment can be attributed to the low cost and easy installation associated with this type of storage. Furthermore, many research centers and life science companies rely on manual processes for biological sample storage, this is further accelerating the market growth.

The North America region catered the largest share of the biobanking market in 2022.

The biobanking market in North America has experienced significant growth in recent years, showcasing a robust expansion trajectory. This can be attributed to the increasing number of biobanks and the growing investments in biobanking infrastructure. Major healthcare institutes and research organizations in North America have made substantial commitments to expanding their biobanking capabilities. Additionally, the rising prevalence of chronic diseases and the subsequent demand for personalized medicine has fueled the growth of the biobanking market in North America, with biobanks playing a pivotal role in storing and providing high-quality biological specimens for research and development purposes.

Key players in the biobanking market include Thermo Fisher Scientific, Inc. (US), PHC Holdings Corporation (Japan), Becton, Dickinson and Company (US), QIAGEN N.V. (Germany), Merck KGaA (Germany), Avantor, Inc. (US), Cryoport, Inc. (US), Tecan Trading AG (Switzerland), Azenta, Inc. (US), Greiner Holding AG (Austria), Hamilton Company (US), Micronic (Netherlands), AMSBIO (UK), Bay Biosciences LLC (US), BioKryo (Germany), SPT Labtech (UK), ASKION GmbH (Germany), Cell&Co BioServices (France), Ziath Ltd. (UK), CTIBiotech (France), Cureline (US), Firalis Group (France), Sopachem (Netherlands), ProteoGenex (US), and US Biolab Corporation, Inc. (US).

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Biobanking Market: Impact Analysis

 Drivers

Growing investments and funding for biobanks

Focus on genetic testing and precision medicine

Increasing trend in preservation of cord blood stem cells from newborns

Favorable funding scenario for research related to regenerative medicine

 Restraints

High cost of automated equipment

Issues related to biospecimen sample management

OPPORTUNITIES

Challenges

High operational cost of biobanks

Storage of samples

Recent Developments

In February 2023, PHC Corporation of North America launched the PHCbi Brand VIP ECO SMART Ultra-low Temperature Freezer with industry-leading energy efficiency.

In September 2022, Cryoport entered into a strategic partnership with BioLife Plasma Services to offer supply chain solutions and service offerings, such as bioservices and cryo-processing, for BioLife Plasma Services.

Biobanking Market Advantages:

Valuable Research Resources: Biobanks provide researchers with access to a vast collection of well-characterized biological samples and associated data. These resources serve as a valuable foundation for conducting various types of research, including genomics, proteomics, metabolomics, and epidemiological studies. Biobanks enable researchers to investigate diseases, discover new biomarkers, study genetic variations, and develop personalized therapies.

Accelerating Drug Discovery and Development: Biobanks play a crucial role in the drug discovery and development process. By providing researchers and pharmaceutical companies with access to diverse and representative samples, biobanks facilitate the identification of drug targets, testing of potential therapies, and assessment of drug efficacy and safety. This accelerates the drug development timeline, reduces costs, and enhances the success rate of clinical trials.

Facilitating Personalized Medicine: Biobanks contribute to the advancement of personalized medicine, which aims to provide tailored healthcare based on an individual's unique genetic makeup and other factors. By storing genetic information, clinical data, and biological samples, biobanks enable the identification of genetic markers associated with diseases, predicting disease risks, and guiding personalized treatment decisions. This helps healthcare providers deliver targeted therapies and improve patient outcomes.

Long-Term Sample Preservation: Biobanks employ specialized techniques and infrastructure to ensure the long-term preservation of biological samples. This enables the availability of high-quality samples over extended periods, allowing researchers to conduct longitudinal studies, analyze disease progression, and investigate long-term health outcomes. Long-term sample storage also enables retrospective studies and future research on emerging diseases or new research questions.

Collaboration and Data Sharing: Biobanks promote collaboration and data sharing among researchers, institutions, and industries. By establishing standardized protocols, ethical guidelines, and data sharing agreements, biobanks facilitate the exchange of samples, data, and knowledge. This collaboration fosters scientific discoveries, enables the replication of research findings, and maximizes the utility of stored samples.

Advancing Translational Research: Biobanks bridge the gap between basic research and clinical applications by facilitating translational research. By linking biological samples to clinical data, biobanks support the investigation of disease mechanisms, biomarker discovery, and the development of diagnostic tests. This enhances the translation of scientific knowledge into clinical practice, leading to improved disease diagnosis, prognosis, and treatment.

Overall, the biobanking market offers significant advantages by providing researchers and healthcare professionals with access to diverse, well-preserved, and well-characterized biological samples. These advantages accelerate research, drug development, and personalized medicine initiatives, ultimately contributing to advancements in healthcare and patient care.

Biobanking market - Report Highlights:

The market size is updated for the base year 2022 and forecasted from 2023 to 2028 by studying the impact of the recession on the overall biobanking industry.

The new edition includes the impact of the recession on the biobanking market (especially the region-wise impact in the geographic analysis section) in 2022. There is a variation in the growth rate of the market due to the ongoing recession.

Additional points such as ranges/scenarios, trends/disruptions impacting customers' businesses, pricing analysis, value chain analysis, supply chain analysis, ecosystem analysis, patent analysis, key conferences and events (2022-2023), list of key regulatory bodies, regulatory landscape, Porter's Five Forces analysis, key stakeholders, the influence of stakeholders on buying decisions, and buying criteria among end users have been added in the market overview chapter.

The new edition of the report provides updated financial information till 2022 (depending on availability) for each listed company in a graphical representation. This will help in the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, and business segment focus in terms of the highest revenue-generating segment.

Recent developments help us to understand market trends and the growth strategies adopted by players in the market.

Tracking the portfolios of prominent market players helps analyze the major products in the biobanking market. The new edition of the report provides an updated product portfolio of the companies profiled in the report.

Key market strategies/right to win, market share analysis for 2022, revenue share analysis of key market players from 2020 to 2022, and competitive leadership mapping have been added in the competitive landscape section of the report.

The new version of the report includes competitive leadership mapping for companies operating in the market. This new section is an output of a comprehensive study of the key vendors offering biobanking products. The top 25 vendors were shortlisted from a list of 50+ vendors, and these were evaluated based on market share/ranking and product footprint, rated and positioned on a 2x2 quadrant, referred to as Company Evaluation Quadrant, categorizing them as Stars, Emerging Leaders, Pervasive Players, and Participants.

The new version of the report includes the startup/SME evaluation quadrant for 10 companies operating in the biobanking market. This updated section is an output of a comprehensive study of the key startup vendors offering biobanking products. The top 10 vendors were shortlisted from a list of 50+ vendors, and these vendors were evaluated based on their product portfolio and business strategy, rated and positioned on a 2x2 quadrant, referred to as Competitive Leadership Quadrant, categorizing them as Progressive Companies, Starting Blocks, Responsive Companies, and Dynamic Companies.

In the new edition of the report, the Rest of the World is segmented into Latin America and the Middle East and Africa. Country-level markets for Brazil and the Rest of Latin America in the Latin American region have been added.

The new version of the report includes the ownership segment, which is further segmented into national/regional agencies, non-profit organizations, universities, and private organizations.

The new version of the report includes an end-user segment, which is further segmented into pharmaceutical & biotechnology companies and CROs, academic and research institutes, and hospitals.

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Tissue Banking Market - Forecast(2024 - 2030)

Tissue Banking Market Overview

The market size of Global Tissue Banking for 2019 is $42,599m and is set to grow at a CAGR of 4.0% during the forecast period 2020–2025 owing to a rise in tissue transplant cases and rising incidences of cancers, cardiovascular diseases, and diabetes. The market is witnessing several trends such as a shift in public perception toward cord tissue and blood storage, improving techniques for the use of cord tissues in cellular therapy, and potential cure for cancers, blood disorders, and immune and genetic diseases. With the increase in the harmonization of biobanks and research collaboration, the tissue banking market is set to grow positively during the forecast period. 

Key Takeaways

The global tissue banking market is poised to exhibit a CAGR of 4.0% percentage during the forecast period (2020–2025), attributed to rising demand for transplantation.

Major factors driving growth of the global tissue banking market is increase in the demand for regenerative medicines. 

The wide range of applications for instance storage, handling, transportation and maintenance of specimens and samples is poised to increase the market growth for the forecast period.

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By Type - Segment Analysis

In Tissue Type segment, Blood tissue accounted for the largest share, followed by soft tissue in 2019. Blood donation has increased substantially in the past few years. In U.S., approximately 36,000 units of red blood cells are needed everyday. In Europe, approximately 1700 people opted for blood vessel tissue donation in 2013. The countries such as Spain, Italy and Sweden are the major countries with high number of donors.

By Equipment - Segment Analysis

In Equipment type, Cryopreservation Systems segment dominated the market in 2019. Cryopreservation is the process of cooling followed by storage of frozen cells to provide a continuous supply of genetically stable living cells by inhibiting all biochemical activities which are to be used for procedures such as organ donation, bone marrow transplant and others. 

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By Application - Segment Analysis 

In 2019, Clinical/ Therapeutic dominated the Application segment of Tissue banking market and is set to grow at a CAGR of 4.3%. Tissues preserved in tissue banks can be used for fulfilling variety of medical needs of people for example heart valves can be used in patients with heart disorders, corneal transplantation used to give visibility to blind people, tendons and ligaments used in  orthopedic surgery and blood to treat blood disorders. Clinical/therapeutic applications majorly use tissue banking for it involves different types of grafting such as cord blood, stem cell and others. 

By Geography - Segment Analysis

North America region held 35% of the global tissue banking market in 2019. This is owing to advanced technology and high awareness regarding tissue donation among the medical personnel and healthcare professionals. Europe is set to attain a significant growth owing to the increasing geriatric population and unhealthy lifestyle prevailing in the region. Asia-Pacific is poised to record rapid growth rates on the account of government initiatives for expanding medical facilities coupled with the presence of key market players in the region.

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Drivers – Tissue Banking Market

Increasing Technological Advancement

Technological advancement in the healthcare sector such as development in biobanking technology coupled with a rise in regenerative tissue demand drives the market growth. The regenerative medicines cure different kinds of damaged tissues covering aging issues to injuries, which is poised to drive the demand for the Tissue Banking Market.

Challenges – Tissue Banking Market

High Cost Associated With Transplantation Procedures

The high transplant cost, bioethical issues and unavailability of tissue banks in many remote countries coupled with stringent government rules and regulations regarding testing and clearance documents negatively impact the growth of the global tissue banking market over the forecast period. 

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The Major Players in this Market Include

The leading players in the tissue banking market are AMS Biotechnology (Europe) Limited, Avantor, Inc (VWR International), BioCision LLC, Brooks Automation, Custom Biogenic Systems, Eppendorf AG, Hamilton Company, Merck KGaA and Thermo Fisher Scientific, Inc.

Acquisitions/Product Launches:

In 2017, Natera, a leader in genetic testing, launched Evercord, a new offering that enables expectant parents to collect, store, and potentially retrieve their newborn’s cord, blood, and tissue for therapeutic use in transplantation and regenerative medicine applications.

In 2013, three institutes at the National Institute of Health, including the National Institute of Mental Health (NIMH), the National Institute of Neurological Disorders and Stroke (NINDS), and the National Institute of Child Health and Human Development (NICHD) launched a joint initiative called as ‘NeuroBioBank’ in the U.S. It links together six large organ and tissue repositories through a common web portal.

In October 2018, MTF Biologics announced the formation of a new tissue recovery relationship with Regenerative Biologics, Inc. The organizations seek to provide expanded birth-tissue donation opportunities for expectant mothers and their families and enhance patients’ access to high-quality placental tissues for wound care applications.

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Biopreservation Market Key Companies, Growth and Forecast Report, 2030

The global biopreservation market size was valued at USD 2.18 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 28.30% from 2023 to 2030. 

Biopreservation is experiencing growth due to various factors such as extensive usage in hospitals and labs, rising funding assistance from government and private partners in healthcare, an upsurge in research & development, and growing advancement in terms of product development. For example, in April 2021, BioLife Solutions launched a new high-capacity controlled freezer to cater to the cell and gene therapy market, which helped the company expand its existing product portfolio. The market experienced a major hindrance during the COVID-19 pandemic with supply chain issues, unavailability of raw materials, and hindrances in research activities among other reasons. However, the pandemic also accelerated the growth of novel biologics, and vaccine technologies. Due to these factors, opportunities for biologics manufacturing and preservation are anticipated to increase, thus generating further demand for biopreservation.

Biopreservation is a process that helps maintain the integrity and functionality of biological products such as stem cells, DNA, tissues, and organs under different temperatures, thereby prolonging their lifespan outside their natural environment. Technology innovations include microarrays or incorporation of a wide range of predictive models, such as hybrid models, and various API algorithms which help reduce the time, cost and complexity of the overall process. Furthermore, the advent of multiplex cellular imaging platforms is anticipated to enhance the biopreservation ability to help understand disease progression and suggest suitable diagnostic & treatment measures to follow, specifically for cardiology, gynecology, and point-of-care applications.

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Biopreservation Market Report Highlights

• By product, the equipment segment held the largest revenue share of over 78.75% in 2022 due to the rising demand for bio-banking to preserve stem cells, DNA, plasma, and tissue culture. Increasing demand for modified genetic material in the global market is also fueling the growth

• The bio-banking application segment held the largest revenue share in 2022. This can be attributed to rising awareness regarding stem cell preservation, increasing acceptance of sperm and egg banking, and utilization of assistant reproductive technology in animals

• North America dominated the global market in 2022 due to the advancement in biomedical research, the development of advanced therapies, and the upsurge in research activities related to DNA sequencing and bioinformatics

• Asia Pacific is expected to grow considerably in the future owing to rising investments in Asian countries and increasing partnerships and collaborations with key players

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• The global cancer stem cells market size was valued at USD 2.89 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 9.5% from 2024 to 2030.

• The global DNA methylation market size was valued at USD 1.47 billion in 2023. It is expected to expand at a compound annual growth rate (CAGR) of 14.1% from 2024 to 2030.

Biopreservation Market Segmentation

Grand View Research has segmented the global biopreservation market on the basis of product, application, and region:

Biopreservation Product Outlook (Revenue, USD Billion, 2018 - 2030)

• Equipment

o Freezers

o Refrigerators

o Consumables

o Vials

o Straws

o Microtiter Plates

o Bags

o Liquid Nitrogen

• Media

o Pre-formulated

o Home-brew

• Laboratory Information Management System (LIMS)

Biopreservation Application Outlook (Revenue, USD Billion, 2018 - 2030)

• Regenerative Medicine

o Cell Therapy

o Gene Therapy

o Others

• Bio-banking

o Human Eggs

o Human Sperms

o Veterinary IVF

• Drug Discovery

Biopreservation Regional Outlook (Revenue, USD Billion, 2018 - 2030)

• North America

o U.S.

o Canada

• Europe

o Germany

o U.K.

o France

o Italy

o Spain

o Denmark

o Sweden

o Norway

• Asia Pacific

o China

o Japan

o India

o Australia

o Thailand

o South Korea

• Latin America

o Brazil

o Mexico

o Argentina

• Middle East and Africa (MEA)

o South Africa

o Saudi Arabia

o UAE

o Kuwait

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