GLOBAL CELL AND TISSUE PRESERVATION MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Global Cell and Tissue Preservation Market, By Type (Cell (Mammalian Cells, Others (Microorganisms and Plant Cells)), Tissue (Blood, Bone, Soft Tissues, Skin)), By Product (Equipments (Kits & Reagents, Freezers & Refrigerators, Storage Systems, Others), Software, Bio-preservation Media, Home-brew Media , Pre-formulated Media), By Application (Therapeutics, Drug Discovery, Gene therapy, IVF treatment, Cell therapy, Research & Development), By End User (Biobanks & Cell banks, Hospitals & Diagnostics Labs, Research Laboratories, Others), By Preservation Technique (Cryopreservation, Ambient Temperature Storage, Temperature-controlled Storage, Drying / Freeze-Drying, Radiation , Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Jul 2024
Code : CMI7204
Pages :160
Formats :
Excel and PDF
Industry : Biotechnology

Market Concentration and Competitive Landscape

Global Cell and Tissue Preservation Market Concentration By Players

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Rising initiatives for organ donation

Increasing awareness and initiatives regarding organ donation can drive the global cell and tissue preservation market growth. With more people donating organs after their death, there has been huge demand for preserving tissues and cells for future transplantation purposes. Several government and non-profit organizations across the world have started campaigns to educate people about the dire need for organ donation and importance of cell and tissue banking. For instance, according to the data from the U.S. Department of Health and Human Services, over 106,000 people in the U.S. were on the waiting list for organ transplantation as of 2023, while every 10 minutes a new name is added to this list. Due to shortage of donor organs, thousands of people lose their lives each year while waiting. At the same time, according to Eurotransplant International Foundation, over 8,200 organ transplants were coordinated by Eurotransplant in 2021, showing a year-on-year increase of 4.5%. Rising donation and transplantation has propelled the need for effective preservation solutions to store tissues and cells for future use. Global cell and tissue preservation market growth is driven by favorable regulatory environment encouraging organ donation in several regions. Growing public-private initiatives to promote organ donation programs and build infrastructure for tissue banking increases confidence in this life-saving medical practice. While North America currently dominates due to high healthcare investments and availability of advanced technologies, Asia Pacific is likely to offer lucrative opportunities owing to growing medical tourism and increasing healthcare expenditures in the region.

Key Players Insights