Cell Cryopreservation Market Growth Factors, Types and Application, Demand and Supply Chain Analysis, Forecast To 2026 Appraised By Global Players Merck KGaA, GE Healthcare, Thermo Fisher Scientific, 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 Restraint
Launch of alternative cell cryopreservation methods is expected to be the major factor hindering growth of global cell cryopreservation market in near future. For instance, in 2017, Osiris Therapeutics, Inc. launched new Prestige Lyotechnology, a novel method for preservation of living cells and tissues. Launches of such alternative of cell cryopreservation can hinder the growth of market.
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, and PromoCell GmbH. Key players operating in the market are involved in strategic mergers and collaboration to expand their product portfolio and increase its product presence in key geography. For instance, in 2013, Nippon Zenyaku Kogyo Co., Ltd and Takara Bio Inc. entered into a distribution agreement. As per the agreement Takara Bio Inc. will market Zenoaq's Cellbanker series of cell cryopreservation media exclusively in Japan and non-exclusively in Europe and North America.
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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-
Oocytes and embryos
Sperm, semen, and testicular tissue
By End User-
Pharmaceutical and Biotechnology companies
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