Biopreservation Market Business Overview, Consumption and
Emerging Countries Forecast 2014-2025
“The global Biopreservation Market size was estimated at $2.61 billion in
2014 and is anticipated to grow at a CAGR of 17.3% during the forecast period.
Rapid growth can be attributed to the rise in healthcare expenditure which is
expected to boost the market in the forecast period.”
Industry Insights
The global Biopreservation Market size was estimated at $2.61 billion in 2014 and is anticipated to grow at a
CAGR of 17.3% during the forecast period. Rapid growth can be attributed to the rise in healthcare expenditure
which is expected to boost the market in the forecast period. Moreover, increasing R&D activities by various
companies as well as research organizations funded by government initiatives in the form of grant, contacts and
various other funding mechanisms have led to development of novel and innovative bio-preservation services,
leading to augment the revenue growth.
Growing use of bio-preservation are also supported by the rising participation of government or non-
government bodies for the development of this field. For example, due to the support of the institutional and
government repositories, the storage of bio-specimen has evolved to next level of advanced information from
basics of patient’s phenotype, extending to genetics as well as “omics” such as proteomic information.
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Product Insights
The key segments included laboratory information management systems (LIMS), media and equipment. In 2014,
the equipment segment dominated the market which includes liquid nitrogen, consumables, refrigerators and