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The global cell and tissue preservation market size was US$ 3.1 billion in 2021. The global cell and tissue preservation market are expected to grow to US$ 7.1 billion by 2030 by registering a compound annual growth rate (CAGR) of 9.5% during the forecast period from 2022 to 2030.
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COVID-19 Impact Analysis
The COVID-19 pandemic positively influenced the global cell and tissue preservation market, owing to the growing demand for regenerative preservation therapies required to preserve samples. Moreover, the demand for cell and tissue preservation recorded a potential hike due to the growth in the demand for the restoration of many organs. As advanced technologies entered the market in response to the rise in consumer demands, the cell and tissue preservation market recorded potential growth. Post-pandemic, the market is expected to expand as the governments in China, India, and the United States are pouring high funds into the healthcare sector.
Factors Influencing the Market
The global cell and tissue preservation market is expected to grow at an excellent growth rate due to the growing government investment in research activities. Additionally, the growing demand for regenerative preservation and the rapidly growing number of patients suffering from cardiovascular diseases will propel the cell and tissue preservation market forward.
The market is expected to be driven by the rising number of innovations. For instance, Cryocell International, Inc. inked an exclusive agreement with Duke University in Feb 2021 with the aim to expand to innovate novel therapies for cerebral palsy and autism. Therefore, growing efforts by industry players will significantly contribute to the growth of the cell and tissue preservation market during the analysis period.
Regional Analysis
North America is expected to hold the largest share in the cell and tissue preservation market due to the rising investments in the healthcare sector and growing R&D activities across the countries. Further, growing R&D by pharma companies and their involvement in commodifying preservation devices will contribute to the growth of the market. The region is also well regarded for its hi-tech healthcare infrastructure, which will open doors of opportunities for the cell and tissue preservation market during the analysis period.
The Asia-Pacific cell and tissue preservation market are expected to be the largest market, owing to the growing need to meet the unmet healthcare demands related to the treatment for biomedical illnesses. Additionally, the introduction of new and innovative technologies and rising healthcare expenditure will contribute to the growth of the Asia-Pacific cell and tissue preservation market.
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Competitors in the Market
• Agilent Technologies, Inc.
• AMSBIO
• Avantor, Inc
• Biomatrica
• Biolife Solutions, Inc.
• CellGenix GmbH
• Corning Incorporated
• Chart MVE Biomedical
• Cytiva
• FUJIFILM Irvine Scientific
• LGC Seracare
• Lonza
• Merck KGaA
• Princeton Cryotech
• STEMCELL Technologies Inc.
• ThermoFisher Scientific, Inc.
• Other Prominent Players
Market Segmentation
The global cell and tissue preservation market segmentation focus on Type, Product, Application, End-Use, and Region.
By Type
• Cell
• Mammalian
• Microorganisms and plant cells
• Tissue
• Blood
• Bone
• Soft Tissues
• Skin
By Product
• Equipment
• Freezers
• Thawing systems
• Biopreservation media
• Software
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By Application
• Therapeutics
• Research &development
• Drug Discovery
By End-Use
• Biobank
• Hospitals
• Others
By Region
• North America
• The U.S.
• Canada
• Mexico
• Europe
• Western Europe
• The UK
• Germany
• France
• Italy
• Spain
• Rest of Western Europe
• Eastern Europe
• Poland
• Russia
• Rest of Eastern Europe
• Asia Pacific
• China
• India
• Japan
• Australia & New Zealand
• ASEAN
• Rest of Asia Pacific
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• Middle East & Africa (MEA)
• UAE
• Saudi Arabia
• South Africa
• Rest of MEA
• South America
• Brazil
• Argentina
• Rest of South America
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