Cell Cryopreservation Market to Grow with a CAGR of 20.68% through 2029
Surge in research and development activities is expected to drive the Global
Cell Cryopreservation Market growth in the forecast period, 2025-2029.
According to TechSci Research report, “Cell
Cryopreservation Market - Global Industry Size, Share, Trends, Competition
Forecast & Opportunities, 2029F”, the Global Cell Cryopreservation
Market stood at USD 9.28 Billion in 2023 and is anticipated to grow with a CAGR
of 20.68% through 2029. Initiatives taken by government based on cell
cryopreservation has led to favorable market conditions for the Global Cell
Cryopreservation Market. Several factors contribute to the growth of various cell
cryopreservation products.
Governments allocate substantial funding
to support research and development in cell cryopreservation technologies.
These funds are typically channelled through agencies such as the National
Institutes of Health (NIH) in the United States or the European Commission's
Horizon Europe program. Research grants enable scientists and institutions to
explore new cryopreservation methods, improve existing technologies, and advance
the application of cryopreserved cells in clinical settings. Government
regulatory bodies play a crucial role in establishing and enforcing standards
for the safe and effective use of cryopreserved cells. Agencies like the FDA in
the United States and the EMA in Europe provide guidance on manufacturing
practices, quality control, and safety assessments for cryopreservation
products. Clear regulatory frameworks instill confidence among stakeholders,
facilitate market approval processes, and ensure the reliability of
cryopreserved cell therapies.
Governments often support the establishment and
maintenance of biobanks, which are essential for storing and managing
cryopreserved biological samples. Biobanks contribute to biomedical research by
providing researchers with access to diverse and well-characterized biological
materials. Government initiatives may include grants for infrastructure
development, technological upgrades, and capacity-building efforts to enhance
biobanking capabilities and ensure the long-term preservation of valuable
biological resources.
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The cell cryopreservation market is witnessing a
significant surge in research and development (R&D) activities, propelled
by advancements in biomedical research and the growing demand for innovative
therapeutic solutions. This trend is reshaping the landscape of
cryopreservation technologies and expanding their applications across various
sectors of healthcare and biotechnology. One of the primary drivers behind this surge is the
increasing focus on regenerative medicine and cell-based therapies. Researchers
and pharmaceutical companies are investing heavily in R&D to harness the
potential of stem cells and other preserved cell types for treating a wide
range of diseases and injuries. Cryopreservation plays a pivotal role in these
efforts by enabling the long-term storage and viability of cells, ensuring they
remain potent and effective for therapeutic use.
Collaborative initiatives between academic
institutions, government agencies, and private sectors are driving R&D
efforts in cell cryopreservation. These partnerships facilitate knowledge
exchange, resource sharing, and joint funding for developing new
cryopreservation techniques and improving existing methodologies. Such
collaborations accelerate the translation of research findings into practical
applications, thereby advancing the field of cell-based therapies and bolstering
market growth.
The Global Cell Cryopreservation Market is segmented
into product, application, regional distribution, and company.
Based on Product, Equipment have emerged
as the dominating segment in the Global Cell Cryopreservation Market in 2023. Equipment
such as automated freezing and thawing systems are essential for ensuring
precise temperature control and uniform cooling rates during the
cryopreservation process. These systems utilize sophisticated algorithms and
sensors to monitor and adjust conditions, minimizing cellular damage caused by
ice crystal formation and ensuring high cell viability post-thawing. Such
advanced capabilities are crucial for maintaining the integrity of cryopreserved
cells, whether for research, biobanking, or therapeutic purposes.
The establishment and expansion of
biobanks worldwide rely heavily on specialized equipment designed for long-term
storage and retrieval of biological samples. Biobanks play a crucial role in
storing diverse cell types and tissues under stringent temperature conditions
(-196°C for liquid nitrogen storage), necessitating reliable equipment like
cryogenic storage tanks and automated retrieval systems. These investments in
biobanking infrastructure support biomedical research by providing researchers
with access to well-preserved biological materials for studies ranging from
basic science to clinical trials.
Based on Region, Asia Pacific have emerged as the fastest
growing region in the Global Cell Cryopreservation Market in 2023. One of the
primary drivers of growth in Asia Pacific is the increasing prevalence of
chronic diseases and aging populations across the region. As countries in Asia
Pacific undergo demographic shifts and lifestyle changes, there is a rising
demand for advanced medical treatments and therapies, including cell-based
therapies. Cryopreservation plays a crucial role in preserving the viability
and functionality of cells used in these therapies, thus supporting their
adoption and integration into clinical practice.
Asia Pacific is witnessing rapid advancements in
biotechnology and pharmaceutical sectors, fueled by investments in research and
development (R&D) and technological innovation. Countries like China,
Japan, South Korea, and India are leading the charge with robust R&D
infrastructure, government support, and a growing pool of skilled researchers.
These factors contribute to the development of cutting-edge cryopreservation
technologies and methodologies tailored to regional healthcare needs and
regulatory frameworks.
Major companies operating in Global Cell
Cryopreservation Market are:
- Thermo
Fisher Scientific Inc.
- PromoCell
GmbH
- Merck
KGaA
- Sartorius
AG
- Lonza
Group Ltd.
- Corning
Incorporated
- Creative
Biolabs
- BioLife
Solutions Inc.
- Danaher
Corporation
- HiMedia
Laboratories Pvt. Ltd
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“Nanotechnology also plays a pivotal role in developing
smart materials and sensors for monitoring and controlling cryopreservation
conditions. Nanoscale sensors can detect subtle changes in temperature, pH
levels, and biochemical markers within cryopreservation solutions, ensuring
optimal storage conditions for cells. This real-time monitoring capability
enhances the reliability and reproducibility of cryopreservation procedures,
critical for maintaining the quality and safety of cryopreserved cells intended
for clinical use”, said Mr. Karan Chechi, Research Director of TechSci
Research, a research-based management consulting firm.
“Cell Cryopreservation Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Product (Cell Freezing Media, Equipment, Consumables), By Application (Stem Cells, Oocytes and Embryotic Cells, Sperm Cells, Hepatocytes, Others), By Region and Competition, 2019-2029F”, has evaluated the future growth potential of Global
Cell Cryopreservation Market and provides statistics & information on
market size, structure, and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Global Cell
Cryopreservation Market.
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