Biopreservation Market continues to witness high growth with growing focus on regenerative medicine research and technological advancements in sample storage

 

Biopreservation Market

Biopreservation is the utilization of antimicrobial or natural microorganisms as means of extending the shelf life and preserving food for human consumption. The preservation of food can be for short, as in three to forty-eight hours, or for longer periods as in two to four months. The use of food preservation techniques and products is necessary because there are many factors that need to be considered before putting food on the market. Preserving food is an integral part of good food safety practices. In terms of geographical footprint, North America seems to be registering promising growth with consistent drug developments and advancements in biomedical research. Furthermore, increasing demand for biopreservation products and services for chronic diseases could potentially accelerate the regional market growth. On the contrary, Asia Pacific seems to be exhibiting a positive outlook due to rising number of patients suffering from chronic diseases. 

One of the primary applications of biopreservation is in regenerative medicine research, which is an interdisciplinary field. It deals with science and tool that can repair and replace damaged or diseased human cells or tissues to restore normal function. Over the years, investments in regenerative medicine research have increased. Recently, in December 2020, Casdin Capital and BioLife Solutions Inc. invested around US$ 4 million in GlycoNet for R&D in regenerative medicine. Therefore, such factors can augment growth of the biopreservation market. 

Biopreservation uses microorganisms to produce high quantities of viable organisms that can then be stored at cold or warm temperatures for future use. Some common products of this process are berry juice, stock, cultured pearls, cheese, whey, malt extract, yogurt, and salmon eggs. Regardless, high costs pertaining to advanced technologies used remain one of the major challenges in the development of the biopreservation market. Besides, concerns regarding stability issues due to tissue injury during freezing and thawing could pose a massive hurdle in the market development. Furthermore, growing demand for room temperature storage technologies could limit growth of the market.

Over the years, biobanking has improved significantly, which refers to the process by which samples of blood fluid or tissue are collected for research. Technological developments in terms of storage, along with growing trend of conserving cord blood stem cells of newborn babies have led to increased demand for biobanking. Biopreservation plays a pivotal role in biobanking, which in turn, could potentially stimulate growth of the biopreservation market in the near future. Recently, in October 2019, ThermoGenesis Holdings Inc. formed a joint venture with HealthBanks Biotech (USA) Inc. to commercialize its proprietary cell processing platform CAR-TXpres. 


Location: India

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