Global Cell And Tissue Preservation Market is estimated to be valued at USD 5.11 Bn in 2024 and is expected to reach USD 10.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031. 

Key Takeaways

Key players operating in the Global Cell and Tissue Preservation Market are Thermo Fisher Scientific, Inc., Lonza, BD, MerckKGaA, Cytiva, Agilent Technologies, Inc., Avantor, Inc., FUJIFILM Irvine Scientific, BioLifeSolutions Inc., AMSBIO, Princeton CryoTech, STEMCELL Technologies Inc., LGC SeraCare, Corning Incorporated, CellGenix GmbH. Key players are focusing on expanding their product portfolio and presence in emerging markets through acquisitions and partnerships.

The Global Cell And Tissue Preservation Market Size is growing significantly owing to increasing investments in regenerative medicine research and rising prevalence of chronic diseases. Stem cell therapy has emerged as a promising treatment option for various diseases and preservation is necessary to store and transport stem cells. Furthermore, growing geriatric population prone to chronic illnesses and trauma cases is also driving the need for better preservation of cells and tissues.

Several countries and private organizations are increasingly funding regenerative medicine research involving cell and tissue engineering. This is encouraging more pharmaceutical and biotechnology companies to invest in developing improved preservation solutions. Additionally, liberalization of regulations around the world for usage of preserved biological samples in clinical research and therapies is promoting global expansion of the cell and tissue preservation market.

Market drivers

One of the key drivers of the Global Cell and Tissue Preservation Market is increasing investments in drug discovery and development activities utilizing preserved biomaterials. Major pharmaceutical companies are collaborating with academic institutions and biobanks to establish biological sample libraries to aid research in developing new drugs. Rising stem cell banking is also propelling the demand for preservation solutions to store and transport stem cells for clinical and research use. Additionally, growing organ transplantation procedures necessitate effective preservation of donor organs and tissues.

Impact of Geopolitical Situation on Global Cell and Tissue Preservation Market Growth

The ongoing geopolitical conflicts and tensions between major countries have negatively impacted the growth of the global cell and tissue preservation market. Restrictions on cross-border movement of goods and materials due to political factors have disrupted supply chains for key materials and devices used in cell and tissue preservation. For instance, the Russia-Ukraine war and sanctions imposed on Russia by Western nations has caused prices of important raw materials like stainless steel and titanium used in cryogenic storage tanks and freezers to rise sharply. This has increased operation costs for market players.

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