Market Definition: The global
market for cell and tissue preservation is poised for substantial growth
between 2021 and 2028. This growth is primarily driven by the increasing
preservation of stem cells on a global scale. Governments of various countries
are increasing their investments in the healthcare industry, particularly in
infrastructure and medical innovation, which is expected to drive market
expansion over the next few years.
To maintain tissue integrity, proper temperature control is
essential for cell and tissue preservation. Currently, methods such as
freeze-drying, deep-freezing, and cryopreservation are utilized for this
purpose, with each method serving to safeguard ligament and meniscal
allografts. Deep-freezing is a widely adopted method for food preservation. The
rapidly growing healthcare sector is anticipated to enhance access to
high-quality care and innovative products, including biopreservation
facilities, thereby creating growth opportunities. Human cells and tissues are
stored in biobanks for further research and clinical trials.
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Drivers: Various governments worldwide have initiated
healthcare programs and initiatives, resulting in increased research grants and
contracts that, in turn, contribute to accelerated market growth. Enhanced
biopreservation services are becoming more widely used, driving market
penetration rates. Technological advancements, such as hypothermic storage
options and next-generation cryopreservation systems, are important growth
drivers. These innovations enable the long-term storage and banking of complex
organs and tissues critical for regenerative medicine and organ
transplantation.
Restraints: Cell biology research, particularly in areas like
stem cell and gene therapies, demands high-quality equipment, reagents, and
other essential products for superior results, often incurring high costs. The
expense associated with cell biology research is elevated due to the need to
meet stringent regulatory guidelines, which can pose budget constraints for
small research institutes and companies, potentially impeding market share in
the cell and tissue preservation field.
Geographical Overview: North America is expected to be a
highly profitable market, driven by the demand for biopreservation products and
services, as well as the availability of advanced treatments for chronic
diseases. Major pharmaceutical companies are commercializing sophisticated
preservation equipment, leading to its adoption in the research community. In
Asia Pacific, pharmaceutical developments in India and advanced therapies to
meet biomedical needs are anticipated to drive growth. Furthermore, companies
are increasingly investing in research and development activities to introduce
new drugs to the market. The COVID-19 pandemic and the innovation of various
medicines and vaccines led to significant growth in North America and Asia
Pacific, particularly in India.
Competitive Landscape: The global cell and tissue
preservation market is characterized by a multitude of prominent players. Key
players in this market include Thermo Fisher Scientific, Inc., Lonza, BioLife
Solutions Inc., STEMCELL Technologies Inc., BioCision, Corning Incorporated,
Biomatrica, Chart MVE Biomedical, BD, Merck KGaA, Cytiva, Agilent Technologies,
Inc., Avantor, Inc., FUJIFILM Irvine Scientific, AMSBIO, Princeton CryoTech,
STEMCELL Technologies Inc., LGC SeraCare, and CellGenix GmbH.
COVID-19 Impact Analysis: The report comprehensively covers
the impact and changes brought about by the COVID-19 pandemic and its variants
on the global cell and tissue preservation market. The pandemic disrupted
business operations and impacted the economy on a global scale. The report
examines both the negative and positive effects of the pandemic on the market,
including supply chain disruptions, economic downturn, and changes in consumer
behavior.
Report Coverage: The report provides historical and forecast
data (2018-2028) in various formats, offering insights into revenue, CAGR, and
other key metrics. It includes a breakdown of revenue for each segment, both
globally and regionally, and offers information on growth drivers, restraints,
opportunities, trends, company profiles, and more. The report also presents
data on customers, competitors, vendors, and other players in the global
market. It serves as a valuable resource for business strategies, competitive
analysis, and decision-making.
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