Towards Healthcare
Biopreservation Market Size Skyrockets at 28.34% CAGR by 2034

Biopreservation Market Outlook and Investment Analysis by 2034

According to forecasts, the global biopreservation market will grow from USD 3.65 billion in 2024 to USD 44.51 billion by 2034, with an expected CAGR of 28.34%. The market is growing due to increasing demand for long-term storage of biological samples and organs, driven by advancements in regenerative medicine and biotechnology. Additionally, rising awareness about preserving cellular integrity for research and therapeutic applications fuels market expansion.

Category: Healthcare Services Insight Code: 5677 Format: PDF / PPT / Excel

The global biopreservation market size is calculated at USD 3.65 billion in 2024, grows to USD 4.68 billion in 2025, and is projected to reach around USD 44.51 billion by 2034, rising at a 28.34% CAGR from 2025 to 2034.

Biopreservation Market Size 2024 to 2034

Key Takeaways

  • North America dominated the biopreservation market in 2024.
  • Asia-Pacific is expected to grow at the fastest CAGR in the market during the forecast period.
  • By product, the equipment segment held the largest revenue market share in 2024.
  • By product, the media segment is expected to grow at the fastest CAGR in the market during the studied years.
  • By application, the biobanking segment held the highest revenue share of the market in 2024.
  • By application, the regenerative medicine segment is expected to grow at the fastest CAGR in the market during the forecast period.

Key Metrics and Overview

Metric Details
Market Size in 2025 USD 4.68 Billion
Projected Market Size in 2034 USD 44.51 Billion
CAGR (2025 - 2034) 28.34%
Leading Region North America
Market Segmentation By Product, By Application, By Region
Top Key Players 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

How is Innovation Impacting the Biopreservation Market?

Biopreservation is the process of preserving biotechnology material, such as cells. Tissue and organs, at low temperatures, to maintain their viability and functionality for future use. Innovation is driving growth in the biopreservation market by introducing advanced preservation techniques, such as cryopreservation and vitrification, which enhance the longevity and viability of biological samples. The integration of AI, automation, and improved storage equipment ensures greater precision and reliability. These advancements are expanding the scope of applications in regenerative medicine, biobanking, and cell therapy, making biopreservation more efficient, cost-effective, and accessible across healthcare and research sectors.

For Instance,

  • In May 2023, the International Society for Biological and Environmental Repositories (ISBER) highlighted a notable global rise in biorepositories, with a strong focus on areas such as cancer, neurological disorders, and infectious disease studies. This growth reflects the expanding role of biopreservation in supporting advanced medical research and diagnostics. (Source: Mary Ann Liebert Inc.)
  • In June 2023, BioLife Solutions, Inc. launched a high-capacity controlled-rate freezer (CRF) as part of its effort to broaden its CRF product offerings. This advanced freezer is designed to meet the growing demands of both autologous and allogeneic cell and gene therapy (CGT) customers. It also supports large-scale commercial manufacturing and addresses essential customer requirements for handling high-volume cell therapy processes. (Source: Biolife Solutions)
  • In January 2023, Thermo Fisher Scientific Inc. finalized its merger and acquisition deal with The Binding Site Group, a prominent name in the field of specialty diagnostics. This strategic move was aimed at strengthening Thermo Fisher’s current specialty diagnostics offerings by adding innovative solutions for the diagnosis and monitoring of multiple myeloma. (Source: Thermo Fisher Scientific)

How is AI enhancing advancements in the Biopreservation Market?

AI is revolutionizing the market by enabling real-time monitoring, predictive maintenance, and automation of storage systems. It improves sample integrity through advanced data analytics and enhances operational efficiency by integrating with IoT and Laboratory Information Management Systems (LIMS). AI also supports personalized medicine by ensuring the high-quality preservation of biological samples. These advancements reduce human error, lower costs, and optimize storage conditions, making biopreservation more reliable and scalable for research and therapeutic applications.

Market Dynamics

Driver

Growing Healthcare Expenditure

Growing healthcare expenditure drives the biopreservation market by increasing investment in advanced medical research, biobanking, and personalized medicine. Higher spending enables healthcare facilities and research institutions to adopt cutting-edge preservation technologies for storing cells, tissue, and organs. This supports the development of regenerative therapies and enhances the quality of patient care. As countries allocate more funds to healthcare, the demand for reliable and efficient biopreservation solutions continues to rise, fueling market growth.

Restraint

High Cost of Advanced Technique

The high cost of advanced biopreservation techniques acts as a major factor in the market, especially for small research labs and healthcare facilities with limited budgets. Technologies like cryopreservation equipment, specialized storage systems, and preservation media require significant investment, making them less accessible in low- and middle-income regions. Additionally, the need for skilled personnel and maintenance further increases operational costs, limiting the widespread adoption of these advanced solutions despite their benefits.

For Instance,

  • The cost of biopreservation equipment varies widely based on features and capacity. Thermo Fisher’s Value Lab Upright Freezers are priced around USD 3,510, while the TSX Universal ULT Freezers can range from USD 11,600 to USD 89,400. VWR’s CryoPro Standard Auto-Fill Systems cost between USD 30,766 and USD 54,341, whereas the CryoPro AFX models are priced from USD 20,847 to USD 23,762. MVE Fusion Series Freezers range from USD 51,295 to USD 62,528. (Source: Thermo Fisher Scientific)

Opportunity

Growing Demand for Personalized Medicine

The growing demand for personalized medicine offers a significant opportunity for the biopreservation market, as it depends on the secure storage of biological samples such as cells, tissues, and genetic material. These samples are essential for developing patient-specific treatments based on individual genetic profiles. As personalized medicine continues to expand, there will be a rising need for advanced biopreservation technologies to ensure sample integrity, support medical research, and enable the delivery of precise, effective therapies to individual patient needs.

For Instance,

  • In January 2025, the Australian government launched Genomics Australia, a national initiative aimed at integrating genomic medicine into routine healthcare, beginning with personalized cancer care.  This move underscores the growing global emphasis on personalized medicine, which relies heavily on the preservation of biological samples such as DNA and tissues.  As personalized treatments become more prevalent, the demand for advanced biopreservation solutions is expected to rise, ensuring the integrity and longevity of critical biological materials essential for individualized therapies. (Source: Cancer Australia Gov)

Segmental Insights

How Equipment Segment Dominate the Market in 2024?

The equipment segment held the largest revenue share in the biopreservation market due to the high cost and essential role of advanced storage systems like freezers and cryogenic tanks. Increasing demand for long-term preservation of biological samples in research, clinical trials, and biobanking drives continuous investment in reliable equipment. Technological advancements and the expansion of biobanking facilities further contribute to the market dominance.

The media segment is anticipated to grow at the fastest rate in the market due to increasing demand for high-quality preservation solutions that maintain cell integrity and viability. Growth in regenerative medicine, stem cell research, and cell-based therapies is driving the need for specialized media formulations. Additionally, the recurring use and replenishment of media in the storage processes contribute to higher consumption rates, further accelerating the market expansion of the biopreservation market.

Why Did the Application Segment Dominate in 2024?

In 2024, the biobanking segment held the highest shares of the market due to the growing demand for the long-term storage of biological samples such as blood, tissues, and cells. The rise in population-based studies, personalized medicine, and advancements in genomics has led to the expansion of biobanking facilities worldwide. This has increased the need for reliable preservation solutions, driving greater investment in equipment, media, and services tailored to biobanking applications.

The regenerative medicine segment is expected to grow at a faster CAGR in the biopreservation market during the forecast period due to the increasing use of stem cells, tissue engineering, and cell-based therapies. As research and clinical applications expand in treating chronic diseases and injuries, the demand for effective preservation methods rises. The need to maintain the viability and functionality of cells and tissues is driving the adoption of advanced biopreservation solutions in this rapidly evolving field.

How is North America Contributing to the Expansion of the Biopreservation Market?

North America dominated the market in 2024 due to its well-established healthcare infrastructure, strong presence of biobanks, and significant investments in biomedical research. The region benefits from advanced technologies, high adoption of regenerative medicine and personalized therapies, and a large number of ongoing clinical trials. Additionally, supportive government initiatives and funding for biopreservation-related research further strengthened market growth, positioning North America as the leading contributor to global revenue in this sector.

The U.S. Biopreservation Market Trends

A significant driver is the increasing prevalence of chronic diseases and obesity, which necessitates advanced biopreservation techniques for long-term storage of biological samples. Additionally, the rising demand for regenerative medicine and personalized therapies has led to greater investment in biopreservation technologies. Government support and a favorable regulatory environment further bolster this growth, positioning the U.S. as a leading contributor to the global biopreservation market.

For Instance,

  • Biospecimen collection in biorepositories and biobanks is backed by funding from the National Institutes of Health (NIH), while the National Cancer Institute (NCI) plays a key role in overseeing these biobanking initiatives. These biobanks facilitate research and clinical trials across the country, which in turn drives greater demand for effective biopreservation methods. (Source: NIH)

The Canda Biopreservation Market Trends

The Canadian market is expanding due to increasing investments in biomedical research, the growth of personalized medicine, and the expansion of biobanking initiatives.  These factors are driving demand for advanced preservation technologies to store biological samples like tissues and stem cells.  Additionally, the rising prevalence of chronic diseases and the need for long-term storage of biospecimens for research and therapeutic applications are contributing to market growth.  This trend aligns with global advancements in regenerative medicine and cell-based therapies.

For Instance,

  • The Canadian government has allocated USD 45 million to the Stem Cell Network this year, with continued support planned over the next three years. This funding aims to advance research in stem cell and regenerative medicine, strengthening innovation and development in the field. (Source: Stem Cell Network)

How is Asia-Pacific approaching the Biopreservation Market in 2025?

The Asia-Pacific market is expected to grow at the fastest CAGR due to rising chronic disease prevalence, an aging population, and increasing demand for personalized medicine. Rapid advancements in biopharmaceutical production and cryopreservation technologies are also fueling growth. Additionally, expanding healthcare infrastructure and increased investments in research and development across emerging countries like China and India are driving the region’s strong market potential.

The China Biopreservation Market Trends

The Chinese market is expanding due to increasing investments in biomedical research, the growth of personalized medicine, and the expansion of biobanking initiatives.  These factors are driving demand for advanced preservation technologies to store biological samples like tissues and stem cells.  Additionally, the rising prevalence of chronic diseases and the need for long-term storage of biospecimens for research and therapeutic applications are contributing to market growth.  This trend aligns with global advancements in regenerative medicine and cell-based therapies.

The India Biopreservation Market Trends

The Indian market is expanding due to the rapid growth of the biotechnology and pharmaceutical sectors, along with increased government support for healthcare innovation. Rising awareness of stem cell banking, growing clinical research activities, and the demand for affordable healthcare solutions are further fueling the need for efficient biospecimen storage. Additionally, infrastructure improvements and increased foreign investments are enhancing the adoption of biopreservation technologies across research and medical institutions.

How is Europe Accelerating the Biopreservation Market?

Europe is accelerating the market through strong government support, significant funding for research, and a well-established healthcare infrastructure. Leading countries like Germany, France, and the UK are investing heavily in regenerative medicine projects and fostering collaborations between academic institutions and industry. The European Medicines Agency’s approvals of innovative regenerative therapies also improve market access. Additionally, an aging population with increasing chronic diseases drives demand for regenerative treatments, further boosting market development.

For Instance,

  • In March 2024, STEMCELL Technologies launched a specialized preservation media in Europe designed specifically for hematopoietic stem cells. This new solution improves cell recovery rates and maintains cell functionality after thawing, effectively meeting essential requirements in stem cell research and therapeutic applications. (Source: Stem Cell Technologies)

The UK Biopreservation Market Trends

The UK market is growing due to increasing investments in research and development, particularly in personalized medicine and advanced therapies. Strong government support and a favorable regulatory environment encourage innovation and faster approvals. The country’s robust healthcare infrastructure, skilled workforce, and collaboration between academia and industry further drive growth. Additionally, rising demand for effective treatments and biopharmaceutical products supports market expansion across multiple therapeutic areas.

The Germany Biopreservation Market Trends

Germany's market is expanding due to its robust healthcare infrastructure, substantial investments in biomedical research, and a strong presence of biobanks and pharmaceutical companies.  The country's emphasis on precision medicine, stem cell research, and the development of novel therapies has increased the demand for advanced biopreservation technologies.  Additionally, Germany's commitment to quality standards and regulatory frameworks ensures the safe storage and transport of biological materials, further driving market growth.

Top Companies in the Biopreservation Market

Biopreservation Market Companies

Latest Announcement by Industry Leaders

In May 2025, BioIVT, a global provider of biospecimen solutions for drug and diagnostic research, introduced VivoSTART™ Cryopreserved GMP Leukopaks. These leukopaks meet GMP standards, ensuring high-quality, safe, and traceable cellular materials for use in cell and gene therapy development and clinical trials. This launch highlights the company’s ongoing dedication to advancing cell therapy through reliable human-derived starting materials. (Source: Businesswire)

Recent Development in the Biopreservation Market

  • In March 2024, Merck committed over USD 321.7 million (EUR 300 million) to establish a new Bioprocessing Production Center in Daejeon, South Korea. This marks the Life Science division’s largest investment in the Asia-Pacific region so far, reflecting the company’s strategy to grow its presence in this rapidly expanding market. Merck also anticipates that the project will generate around 300 new jobs by the end of 2028. (Source: Merck Group)
  • In 2024, Thermo Fisher Scientific launched its latest range of high-performance ultra-low temperature (ULT) freezers. The Thermo Scientific TSX Universal Series is designed with improved performance, energy efficiency, and user-friendly features, making it suitable for various laboratory environments. These freezers represent a new standard in reliability, sustainability, and adaptability, aligning with the evolving needs of scientific research and lab operations. (Source: Thermo Fisher Scientific)

Segments Covered in the Report

By Product

  • Equipment
    • Freezers
    • Refrigerators
    • Consumables
      • Vials
      • Straws
      • Microtiter Plates
      • Bags
    • Liquid Nitrogen
  • Media
    • Pre-formulated
    • Home-brew
  • Laboratory Information Management System (LIMS)

By Application

  • Regenerative Medicine
    • Cell Therapy
    • Gene Therapy
    • Others
  • Bio-banking
    • Human Eggs
    • Human sperm
    • Veterinary IVF
  • Drug Discovery

By Region

  • North America
    • U.S.
    • Canada
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Thailand
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • Denmark
    • Norway
  • Latin America
    • Brazil
    • Mexico
    • Argentina
  • Middle East and Africa (MEA)
    • South Africa
    • UAE
    • Saudi Arabia
    • Kuwait
  • Last Updated: 03 June 2025
  • Report Covered: [Revenue + Volume]
  • Historical Year: 2021-2023
  • Base Year: 2024
  • Estimated Years: 2025-2034

Meet the Team

Deepa Pandey is a focused and detail-oriented market research professional with growing expertise in the healthcare sector, delivering high-quality insights across therapeutic areas, diagnostics, biotechnology and healthcare services.

Learn more about Deepa Pandey

Aditi Shivarkar, with over 14 years of experience in consumer goods, leads research at Towards Consumer Goods, ensuring precise, actionable insights on trends, consumer preferences, and sustainable packaging for businesses.

Learn more about Aditi Shivarkar

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FAQ's

Biopreservation is commonly used in biobanking, regenerative medicine, organ transplantation, vaccine development, and clinical research.

It enables the long-term storage and transport of stem cells and other cellular therapies, ensuring they remain viable and functional for future use.

India Brand Equity Foundation, Food and Drug Administration, U.S. Environmental Protection Agency, European Medicines Agency, and National Medical Products Administration.