Press Release

Cell and Tissue Preservation Market to Surpass USD 9,100 Million by 2030 | CAGR 11%

Date : Mar 17, 2023

Ameco Research Analyst implies that the global market for Cell and Tissue Preservation will rise at a CAGR of more than 11% throughout the forecast period, with a market size of over USD 9,100 Million by 2030.

The cell and tissue preservation market is anticipated to develop as the occurrence of neurological and cardiovascular issues, as well as a variety of cancers, diabetes, and other diseases rise. The burden of neurological illnesses is quickly increasing as the world's population ages, posing a threat to health-care systems' long-term viability, particularly in low- and middle-income countries. The global burden of neurological illnesses is predicted to rise as a result of the country's rapid demographic and epidemiological transformation. 10 There is a paucity of data on the incidence, prevalence, and disease burden of neurological disorders over the world. For various neurological illnesses, only a few local investigations have identified disease burden. In addition, cardiovascular disorders (CVDs) claimed the lives of around 10 million individuals worldwide in 2019, accounting for more than 30% of all deaths.

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Market Dynamics

The demand for regenerative medicines is driving the global cell and tissue preservation industry. These drugs can be used to replace, create, and regenerate healthy tissues and cells in order to treat tissue loss caused by age-related illnesses, severe injuries, congenital defects, or diseases. Regenerative medicine is a branch of medicine that focuses on developing ways to repair, regrow, or replace damaged or diseased tissues, cells, and organs. Regenerative medicine includes the development and utilization of tissue engineering, medicinal stem cells, and the construction of artificial organs. A variety of regenerative medicine therapies, including those for wound healing and orthopedics, have been approved by the Food and Drug Administration (FDA) and are now commercially available since the field's inception some decades ago. Rising demand for the development of novel patient medications and organ storage for transplantation in research center activities by healthcare organizations to improve healthcare facilities is projected to drive the worldwide cell and tissue preservation market.

End-users in the market, including hospitals, gene banks, and biobanks, are pressuring industry participants to engage in sophisticated product research and development to improve patient outcomes. Government initiatives in the form of subsidies and grants to boost R&D activities by various institutions and organizations are another element that helps the worldwide market's growth. Manufacturers have been fixated on developing novel items for preserving various cells, positive government drives for support of research activities in drug and biopharmaceutical projects, and the decline in fertility rate are just a few factors that have fueled the growth of the cell and tissue preservation market in recent years.

Global Cell and Tissue Preservation Market Classification

The cell and tissue preservation market is divided into five categories: type, product, application, end-user, and regions. The type segment can be categorized into cells (mammalian cells and others (plant cells and microorganisms)) and tissues (bone, blood, skin, soft tissues, and others). Among them, the tissues gathered the leading market share in 2021. The primary driver driving the segment's growth is increasing spending in research and development efforts to collect, process, and preserve tissue samples for breakthrough studies and therapies.

Equipment (freezers, refrigerators, storage systems, thawing equipment, and others), biopreservation media (home-brew media and pre-formulated media), and software are the categorizations of product segments. Based on application, the market is divided into drug discovery, therapeutics, research & development, and others (cosmetics and clinical trials).

The end-user segment is split into biobanks, hospitals, and others. Biobanks are repositories of human biological tissue specimens and associated health information. Biobank research aims to bring new insights into disease's hereditary component, resulting in a more tailored approach to healthcare. Biobanks, on the other hand, have aroused controversy due to the ethical, legal, and societal consequences of using population samples and data. Biobanks contain a variety of biospecimens. Cells and tissues, organs and limbs, and other specimens are among them. The preservation of organs or cells aids in transplantation and the treatment of a variety of ailments and diseases.

Regional Stance

North America, Asia-Pacific, Latin America, Europe, and the Middle East & Africa (MEA) are the regional categorization of the global cell and tissue preservation market. North America generated the largest revenue in the market. Increased investments in the healthcare industry, as well as increased research and development efforts, are major contributors to regional prosperity. The market's growth has been propelled by the increasing involvement of pharmaceutical businesses in the region in the commercialization and use of preservation equipment.

Major Players

The top players offered in the report include Agilent Technologies, Inc., Lonza, Avantor, Inc., Merck KGaA, FUJIFILM Irvine Scientific, Cytiva, BioLifeSolutions Inc., AMSBIO, Corning Incorporated, Thermo Fisher Scientific, Inc., STEMCELL Technologies Inc., BD, LGC SeraCare, Princeton CryoTech, and CellGenix GmbH.

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