What is the global market size of Cell Cryopreservation Market?

Global Cell Cryopreservation Market size was valued at USD 7074.67 million in 2021 and is poised to grow from USD 8659.4 million in 2022 to USD 43625.35 million by 2030, growing at a CAGR of 22.4% in the forecast period (2023-2030).

Cell Cryopreservation Market Size, Share, Growth Analysis, By Product Type(Cell Freezing Media, Equipment, and consumables), By Application(Stem Cells, Oocytes and Embryotic cells, Sperm Cells, Hepatocytes), By End user(Biopharmaceutical & Pharmaceutical Companies, Research Institutes, Biobanks, IVF Clinics), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35J2037 | Region: Global | Published Date: February, 2024
Pages: 245 | Tables: 62 | Figures: 75

Cell Cryopreservation Market Dynamics

Cell Cryopreservation Market Drivers

Increasing R&D to Boost Market Growth

Due to the rise in chronic diseases all around the world as well as emergence of new viruses, increase in research and development of stem cells by scientists and clinical is expected to boost the global cell cryopreservation market. Universities all around the world are producing grants to PhD students, Clinical Research Fellows, and postdoctoral researchers to advance their career in stem cells research. Many government initiatives for research Activities in pharmaceutical and biopharmaceutical industry has led the market growth..

Cell Cryopreservation Market Restraints

Alternate Solutions Hinder Market Growth

Availability of alternate therapies for cell cryopreservation and high maintenance cost in storage producers is entering the market growth.

Cell Cryopreservation Market Report Snapshots

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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).

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. 'Thermo Fisher Scientific Inc.', 'Merck KGaA', 'GE Healthcare Life Sciences', 'VWR International LLC', 'STEMCELL Technologies Inc.', 'BioLife Solutions Inc.', 'Cesca Therapeutics Inc.', 'Chart Industries Inc.', 'Avantor Inc.', 'Biocision LLC', 'Custom Biogenic Systems Inc.', 'Worthington Industries Inc.', 'Sigma-Aldrich Co. LLC (a part of Merck KGaA)', 'Brooks Automation Inc.', 'Hamilton Company', 'Becton, Dickinson and Company', 'ZENOAQ RESOURCE CO. LTD.', 'Aivita Biomedical', 'LifeLine Scientific Inc.', 'BrainCool AB'

Due to the rise in chronic diseases all around the world as well as emergence of new viruses, increase in research and development of stem cells by scientists and clinical is expected to boost the global cell cryopreservation market. Universities all around the world are producing grants to PhD students, Clinical Research Fellows, and postdoctoral researchers to advance their career in stem cells research. Many government initiatives for research Activities in pharmaceutical and biopharmaceutical industry has led the market growth..

Vitrification is the major craft preservation technique which is trending in today's time. It relies on the fast freezing of the material by putting it in high concentration of cryo protectant. Contact with liquid nitrogen, which is in contrast to slow freezing. In this process there is no need of slow cooling as this highly concentrated cryo protectant prevents eyes formation. However, this quick, drastic freeze of cryoprotectant sometimes led to the higher toxicity.

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.

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Cell Cryopreservation Market Dynamics

Cell Cryopreservation Market Report Snapshots

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