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Market Size in USD Billion
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USD 0.71 Billion |
| USD 1.60 Billion | |
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Asia-Pacific Bio Preservation Market, By Product (Bio Preservation Media, Bio Preservation Equipment, Freezers, Cryogenic Storage Systems, Thawing Equipment, Refrigerators), Biospecimen (Human Tissue Samples, Organs, Stem Cells, Other Biospecimens), Application (Therapeutic Applications, Research Applications, Clinical Trials, Other Applications), End User (Biobanks, Gene Banks, Hospitals, Other End Users) – Industry Trends and Forecast to 2030.
Biopreservation is witnessing huge growth because of the factors such as wide usage in hospitals and labs. Recently, there has been a rise in demand for the use of biopreservation for the development of biological products that are used in numerous sectors, such as vaccine production and immunotherapies. It is witnessed that regenerative medicine is anticipated to hold a huge market share during the forecast period, and several partnerships in this region are investing in regenerative medicine, improving the market size.
Data Bridge Market Research analyses a growth rate in the bio preservation market in the forecast period 2023-2030. The expected CAGR of bio preservation market tends to be around 10.50% in the mentioned forecast period. The market was valued at USD 0.71 billion in 2022 and will grow to USD 1.6 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customizable to 2015 - 2020)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Bio Preservation Media, Bio Preservation Equipment, Freezers, Cryogenic Storage Systems, Thawing Equipment, Refrigerators), Biospecimen (Human Tissue Samples, Organs, Stem Cells, Other Biospecimens), Application (Therapeutic Applications, Research Applications, Clinical Trials, Other Applications), End User (Biobanks, Gene Banks, Hospitals, Other End Users)
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Countries Covered
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China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC)
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Market Players Covered
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Thermo Fisher Scientific (U.S.), Merck KGaA (U.S.)., LabVantage Solutions Inc (U.S.)., Taylor-Wharton (U.S.), Panasonic Holdings Corporation (Japan), QIAGEN (Germany), VWR International, LLC (U.S.), Teva Pharmaceutical Industries Ltd (Israel), X-Therma, Inc.(U.S.), PrincetonCryo (U.S.), BioLife Solutions Inc. (U.S.)
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Market Opportunities
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Market Definition
Bio preservation is a process that supports storing biological samples for a prolonged period. Cells, tissues, and plasmas are some of the common samples that are preserved with the help of bio preservation. Biopreservation exploits the antimicrobial activities of some microorganisms to limit the growth of spoilage and pathogenic microbes in foods. The most widely used bio-preservatives are essential oils, bacteriocins, herbs and spices, fermentation, vinegar, and sugar and salt.
Drivers
The increase in funding by several major companies to support bio-preservation-based pharmaceutical companies to satisfy the increasing demand for tissue and cell preservation is likely to boost the market growth. For instance, X-Therma Inc., a biotechnology start-up creating technology for regenerative medicine and organ preservation, closed an oversubscribed USD 13 million Series A funding round in 2021. Thus, this factor increases the growth of the market.
Numerous partnerships in this region in regenerative medicine boost research and development and are expected to increase the segment's growth. For instance, the Regenerative Medicine Catalyst Project was launched in collaboration with seven partners in 2021 to observe regenerative medicine research development and funding in the country in the upcoming three years. The increased demand for regenerative medicine that employs bio preservation to treat life-threatening diseases such as cancer will likely boost the market's growth.
Opportunities
Several technological advancements, and growing product approvals by major market players, are helping the market growth. For instance, Guy's and St Thomas', U.K., launched a fertility preservation service for ovarian tissue cryopreservation for women who underwent cancer treatment in 2022. These increasing technological advancements and launches in bio preservation, combined with the cost-effectiveness of these instruments, is anticipated to create growth opportunities for the market. Thus, this factor boosts market growth.
People and healthcare researchers are becoming more aware and interested in biobanking each decade. Increasing awareness associated with stem cell preservation, rising acceptance of sperm and egg banking, and wide utilization of assistant reproductive technology in animals are boosting the growth of the market. Pharmaceutical companies are making huge collaborations with reserve bio-banks and hospitals for tissue preservation, boosting the market's growth.
Restraints/Challenges
The increasing cost of the instruments and maintenance will likely restrict the market growth. Several technologies and methods, such as high-throughput screening, NGS, and many others, are quite costly and thus are unavailable in many research institutes and hospitals. This factor will delay the treatment process. Thus, all these factors hamper the growth of the market.
This bio preservation market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the bio preservation market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Development
The bio preservation market is segmented on the basis of product, biospecimens, application, and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
Biospecimen
Application
End User
The bio preservation market is analyzed, and market size insights and trends are provided by product, biospecimens, application, and end-user as referenced above.
The major countries covered in the bio preservation market report are China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).
China is expected to have the highest growth rate in the forecast period due to the huge technological advancements in the region. Also, the increasing demand for advanced devices and the rising funding support for techniques and services in bio-banking is helping the market's growth.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Healthcare Infrastructure Growth Installed base and New Technology Penetration
The bio preservation market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for bio preservation market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the bio preservation market. The data is available for historic period 2011-2021.
The bio preservation market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to bio preservation market
Key players operating in the bio preservation market include:
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Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.