Cell Cryopreservation Market: Inclination of Leading Players towards R&D Activities to Bring More Revenues | Merck KGaA, GE Healthcare, Nippon Genetics, Mediatech, Inc., Thermo Fisher Scientific, Inc., BioLifeSolutions, Inc.
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Cell Cryopreservation Market Drivers -
Launches of novel cryopreservation systems are expected to be major driver for growth of global cell cryopreservation market. For instance, in 2015, AMS Biotechnology Limited launched its new Stem-Cellbanker, a GMP grade cell cryopreservation media. Stem-Cellbanker is a freezing solution, used for preservation of stem cell, iPS cell and other cells. In 2014, Asymptote Ltd, a Cambridge-based cryopreservation specialists launched its unique range of liquid nitrogen free controlled rate freezers especially designed for the needs of regenerative medicine at the annual meeting of the International Society for Cellular Therapy (ISCT) held in Paris. In 2013, Taiyo Nippon Sanso Corporation launched its latest CryoLibrary (CAPS-i3000), a fully-automated cryopreservation system for cryopreservation of Induced Pluripotent Stem Cell (iPS). Moreover, this field has gained significant traction from funding agencies such as venture capitals and startups, which have successfully raised funding for development of novel cell cryopreservation systems. For instance, in January 2018, VitriCell SA, a biotech company providing innovative cryopreservation solutions closed a series A round funding of US$ 1.2 million from various investors. VitriCell SA will use this fund to launch the first products based on aseptic vitrification, a new cell cryopreservation method. Furthermore, the approval of cryopreserved cells by regulatory bodies is also expected to increase demand for cell cryopreservation system. For instance, in 2017, U.S. Food and Drug Administration (FDA) approved ReNeuron Group Plc. cryopreserved formulation of Human Retinal Progenitor Cell (hRPC).
Cell Cryopreservation Market Regional Analysis -
North America is expected to hold a dominant position in global cell cryopreservation market, owing to presence of key players in the region and frequent launches of latest cryopreservation media. For instance, in 2014, irvine scientific a U.S.-based innovator and manufacturer of cell culture media expanded its cell cryopreservation media product portfolio with the launch of PRIME-XV FreezIS DMSO-Free, a Dimethyl Sulfoxide (DMSO) and animal-derived components free cryopreservation solution for Human Mesenchymal Stem/Stromal Cells (MSCs). Furthermore, the Europe is expected to witness a significant growth in global cell cryopreservation market over the forecast period, owing to strategic collaborations and acquisition by the key players in the region. For instance, in 2017, U.K.-based GE healthcare acquired Asymptote Ltd., with this strategic acquisition GE healthcare has expanded its product portfolio with the Asymptote Ltd’s cell cryopreservation system.
Cell Cryopreservation Market Key Players -
Key players operating in cell cryopreservation market include;
• Merck KGaA
• GE Healthcare
• Thermo Fisher Scientific, Inc.
• AMS Biotechnology Limited
• Nippon Genetics
• VitriCell SA
• Miltenyi Biotec
• Mediatech, Inc.
• BioLifeSolutions, Inc.
• HiMedia Laboratories
• PromoCell GmbH
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Cell Cryopreservation Market Taxonomy:
The global cell cryopreservation market is segmented on the basis of product type, application, end user, and region
By Product Type-
• Cryoprotective Agents
• Stem cells
• Oocytes and embryos
• Sperm, semen, and testicular tissue
By End User-
• Pharmaceutical and Biotechnology companies
• Research Institutes
• North America
• Latin America
• Asia Pacific
• Middle East
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