The cell cryopreservation global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Cell Cryopreservation Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The cell cryopreservation market size has grown exponentially in recent years. It will grow from $10.21 billion in 2023 to $12.65 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%. The growth in the historic period can be attributed to increasing demand for cell-based therapies, rise in biomedical research, growing need for organ transplantation, rise in R&D activities for cell based therapies and increasing use of cryopreserved cell.
The cell cryopreservation market size is expected to see exponential growth in the next few years. It will grow to $29.9 billion in 2028 at a compound annual growth rate (CAGR) of 24%. The growth in the forecast period can be attributed to rising demand for in vitro fertilization (IVF) procedures, advancement in organ transplantation procedures, expansion of biobanking activities, rising incidence of chronic diseases and positive government initiatives and funding. Major trends in the forecast period include advancements in cryopreservation techniques, advancements in MRNA vaccine storage and transportation, advancements in cryoprotectants and freezing techniques, growing trend towards personalized medicine and advancements in stem cell research.
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Scope Of Cell Cryopreservation Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Cell Cryopreservation Market Overview
Market Drivers –
The cell cryopreservation market size has grown exponentially in recent years. It will grow from $10.21 billion in 2023 to $12.65 billion in 2024 at a compound annual growth rate (CAGR) of 23.8%. The growth in the historic period can be attributed to increasing demand for cell-based therapies, rise in biomedical research, growing need for organ transplantation, rise in R&D activities for cell based therapies and increasing use of cryopreserved cell.
The cell cryopreservation market size is expected to see exponential growth in the next few years. It will grow to $29.9 billion in 2028 at a compound annual growth rate (CAGR) of 24%. The growth in the forecast period can be attributed to rising demand for in vitro fertilization (IVF) procedures, advancement in organ transplantation procedures, expansion of biobanking activities, rising incidence of chronic diseases and positive government initiatives and funding. Major trends in the forecast period include advancements in cryopreservation techniques, advancements in MRNA vaccine storage and transportation, advancements in cryoprotectants and freezing techniques, growing trend towards personalized medicine and advancements in stem cell research.
Market Trends –
Companies operating in the cell cryopreservation market focus on developing cryopreservation medium solutions to better serve customers with advanced features. Cryopreservation medium solution refers to specialized formulations that preserve cells or tissues by freezing them at ultra-low temperatures, facilitating long-term storage and transportation while maintaining viability and functionality. For instance, in April 2024, Pluristyx Inc., a US-based provider of tools, technologies, and services for cellular therapies, launched PluriFreeze, a proprietary cryopreservation medium solution to accelerate stem cell therapy development. This solution is developed to support the growth of induced pluripotent stem cells (iPSCs) and offers an innovative method to improve the efficiency and quality of iPSC therapy development. Pluristyx’s PluriFreeze Cryopreservation Media, intended for Research Use Only (RUO), aims to streamline the development of stem cell therapy and aid in commercializing cell therapies.
The cell cryopreservation market covered in this report is segmented –
1) By Product: Cell Freezing Media, Equipment, Consumables
2) By Application: Hepatocytes, Stem Cells, Oocytes And Embryotic cells, Sperm Cells, Other Applications
3) By End-Use Channel: Biopharmaceutical And Pharmaceutical Companies, Research Institutes, Biobanks, In Vitro Fertilization (IVF) Clinics, Other End-Use Channels
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Regional Insights –
North America was the largest region in the cell cryopreservation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cell cryopreservation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Companies operating in the cell cryopreservation market focus on developing cryopreservation medium solutions to better serve customers with advanced features. Cryopreservation medium solution refers to specialized formulations that preserve cells or tissues by freezing them at ultra-low temperatures, facilitating long-term storage and transportation while maintaining viability and functionality. For instance, in April 2024, Pluristyx Inc., a US-based provider of tools, technologies, and services for cellular therapies, launched PluriFreeze, a proprietary cryopreservation medium solution to accelerate stem cell therapy development. This solution is developed to support the growth of induced pluripotent stem cells (iPSCs) and offers an innovative method to improve the efficiency and quality of iPSC therapy development. Pluristyx’s PluriFreeze Cryopreservation Media, intended for Research Use Only (RUO), aims to streamline the development of stem cell therapy and aid in commercializing cell therapies.
Table of Contents
1. Executive Summary
2. Cell Cryopreservation Market Characteristics
3. Cell Cryopreservation Market Trends And Strategies
4. Cell Cryopreservation Market – Macro Economic Scenario
5. Global Cell Cryopreservation Market Size and Growth
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32. Global Cell Cryopreservation Market Competitive Benchmarking
33. Global Cell Cryopreservation Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Cell Cryopreservation Market
35. Cell Cryopreservation Market Future Outlook and Potential Analysis
36. Appendix
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