USD 7074.67 million
Report ID:
SQMIG35J2037 |
Region:
Global |
Published Date: February, 2024
Pages:
245
|Tables:
62
|Figures:
75
Cell Cryopreservation Market size was valued at USD 7074.67 million in 2019 and is poised to grow from USD 8659.4 million in 2023 to USD 43625.35 million by 2031, growing at a CAGR of 22.4% in the forecast period (2024-2031).
Cell Cryopreservations are becoming popular since they enable The maintenance of cells in the form of suspended stage at cryogenic temperature for considerable. This technique helps in Biological material to be metabolically inert to maintain its viability to prevent ice crystal formation.
The cells, which have great potential to be used in basic research as well As for any medical applications, are cryopreserved, such as stem cells and other viable tissues. Crystal formation, membrane damage, and osmotic shock during freezing and thawing will cause cell death. Therefore they cannot be stored in simple cooling or freezing for a long time. At this time, to maintain the cells and tissue layers, cryopreservation plays a vital role. Due to crop. Protective agents and temperature control equipment, the successful cryopreservation of cells and tissues has been gradually increased in recent year. Extensive quality testing can be performed to determine suitability of the cells or tissue for transplantation without the need to obtain the fresh sample because of the availability of cryopreserved cells and tissues.
US Cell Cryopreservation Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Market Size
USD 7074.67 million
Largest Segment
Equipments
Fastest Growth
Equipments
Growth Rate
22.4% CAGR
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Cell Cryopreservation Market is segmented by Product Type, Application, End user, and Region. Based on Product Type, the market can be segmented into Cell Freezing Media, Equipment, and consumables. Based on Application the market can be segmented into Stem Cells, Oocytes and Embryotic cells, Sperm Cells, Hepatocytes, and Others. Based on End user the market can be segmented into Biopharmaceutical & Pharmaceutical Companies, Research Institutes, Biobanks, IVF Clinics, and Others. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Cell Cryopreservation Market Analysis by Application
By application, the global market is divided into many segments such as Stem cells, Oocytes cells, Sperm cells, Others. The others segment held largest global Cell Cryopreservation market share due to the wide range of benefits provided by it .Due to the surge in the incidence of blood related chronic disease, rising number of research and development activities Has led to the preference of doctors as well as researchers to cryopreserved cell due to the various benefits provided by them. These rise in preference of cryopreserved cell wise, helping the market to grow.
Cell Cryopreservation Market Analysis by End User
By user, the Cell Cryopreservation market is classified into pharmaceutical and biotechnology companies, research institutes, and others. The pharmaceutical and biotechnology company segment accounted for the major share in the year 2021. The pharmaceutical and biotechnology company segment is one of the main reasons for innovation and growth across all technology of these industries including the global market. Increase in demand of pharmaceutical products all across the globe in various sectors will help this market to profile in future. Moreover, many researchers have claimed the need of biotechnology in R&D of various sectors, which will also help Cell cryopreservation market to grow in future.
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Globally, North America is estimated to hold the highest global Cell Cryopreservation market share in 2021. Main factors during this growth period is the presence of top market players such as Corning INC.
Due to the rise in high prevalence rate of chronic disease, increase in number of market players and surge in infertility rates in the region, the Region holds the major amount of cell cryopreservation market shares. Asia Pacific is expected to grow fastest during the forecast period. The reason for the same is increasing acquisition of Cell Cryopreservation technology in the region of Asia Pacific and mainly in China and Japan. Due to the high population, the rate of chronic diseases and geriatric population is increasing, which leads to the growth of cell cryopreservation market.
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Cell Cryopreservation Market Drivers
Increasing R&D to Boost Market Growth
Cell Cryopreservation Market Restraints
Alternate Solutions Hinder Market Growth
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Competition in the global Cell Cryopreservation market is expected to increase during the forecast period because new players are expected to enter in the global market and the number of innovations compatible with Cell Cryopreservation will also increase. Currently, only a few key players are providing their services in the global market but these numbers will increase in the upcoming years.
Cell Cryopreservation Market Top Player’s Company Profiles
Cell Cryopreservation Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our global Cell Cryopreservation market analysis, the global market is estimated to have significant growth during the forecast period because of the benefits it consists of such as development in medicinal research. Cell Cryopreservations will enable innovation to be more convenient for the future growth. The market has so much potential for new players also because of the high expected rate of growth and demand.
Report Metric | Details |
---|---|
Market size value in 2019 | USD 7074.67 million |
Market size value in 2031 | USD 43625.35 million |
Growth Rate | 22.4% |
Base year | 2023 |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Million |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Cell Cryopreservation Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Cell Cryopreservation Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Cell Cryopreservation Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Cell Cryopreservation Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
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Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG35J2037