Cell Cryopreservation Market is Estimated to Witness High Growth Owing to Growing Stem Cell Research

The Cell Cryopreservation Market was valued at US$ 8,659.4 Million in 2022 and is expected to witness a CAGR of 22.4% over the forecast period (2023 - 2030).

Market Overview:

Cell cryopreservation involves the process of freezing and storing viable cells at very low temperatures, typically -80 °C using liquid nitrogen. It helps in long-term preservation of cells such as stem cells, sperm & egg cells used for infertility treatment and cell lines used extensively in research. Cell cryopreservation is important for research in regenerative medicine, fertility preservation and personalized medicine.

Market Dynamics:

Growing stem cell research and the potential of stem cells in the field of regenerative medicine is driving the growth of the cell cryopreservation market.Stem cell therapies have shown promise in treating various diseases such as cancer, blood disorders, diabetes, myocardial infarction and neurodegenerative diseases. According to WHO, in 2018 around 17.9 million people died from cardiovascular diseases. The rising prevalence of chronic and life-threatening diseases is increasing the utilization of stem cells which in turn is boosting the demand for cell cryopreservation. Further, rising awareness about fertility preservation and sperm/egg banking is also propelling the market growth. However, high costs associated with stem cell therapies and cryopreservation equipment and procedures may hinder the market growth.

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Increasing Demand for Cell Banking Driving Growth in the Cell Cryopreservation Market

The cell cryopreservation market is witnessing strong growth due to the rising demand for cell banking across various application areas such as stem cells, sperm & egg banking, and biobanking. The growing prevalence of cancers and genetic disorders has boosted the demand for stem cell therapy globally. Cord blood stem cells are increasingly being collected and preserved for future use in cases of leukemia, blood disorders, or immune diseases in the child or other family members. Similarly, sperm and egg banking is becoming popular among patients undergoing cancer treatments, as cryopreservation helps preserve their fertility. Moreover, various research institutes and pharma companies are engaged in biobanking of cell lines and other biospecimens to aid research in regenerative medicine and drug discovery. All these factors are expected to fuel the demand for cell cryopreservation for long-term storage and transportation of biosamples.

Increasing Adoption of Regenerative Medicine Creating New Avenues for Cell Cryopreservation

The regenerative medicine industry is growing at a rapid pace due to the increasing application of cell and gene therapies in the treatment of various chronic and genetic diseases. Cell-based therapies rely on the availability of living cells in adequate quantities and viability. Hence, cell preservation techniques play a vital role in storing and transporting cellular material needed for developing new regenerative therapies. Cryopreservation allows long-term and large-scale storage of stem cells without losing their viability and differentiation potential. It also facilitates international collaboration for clinical research. With regenerative approaches gaining ground in therapeutic areas like orthopedics, oncology and wound healing, demand for cryopreserved cell suspensions, cellular constructs, and gene-modified cells is expected to surge in the coming years. This will present lucrative opportunities for players in the cell cryopreservation market.

High Cost of Equipment and Cryopreservation Process Limiting Wider Adoption

While cell cryopreservation benefits various application areas, its wider adoption is currently restricted by the high costs associated with setting up and running a cryopreservation facility. Cryopreservation units, storage tanks, programmable freezers and other ancillary equipment required have substantial price tags that may not be viable for small-scale operations or those with limited budgets. Additionally, the cryopreservation process itself involves considerable expenses such as controlled freezing, slow cooling, expensive cryoprotective agents and long-term liquid nitrogen maintenance. For biological samples with low commercial value like plant cell lines, microorganisms, tissues etc., the costs may outweigh the benefits. Lack of standardization and regulatory issues also add to the economic burden. The high capital requirement poses a major challenge, especially for research organizations and biobanks in developing economies. This economic restraint needs to be addressed to achieve wider uptake in new application areas.

Cell Line Authentication to Ensure Data Integrity and Patient Safety

One of the major opportunities anticipated in the cell cryopreservation market is cell line authentication solutions. Accuracy and traceability are critical aspects in cell-based research, clinical therapies and biobanking due to safety, ethical and intellectual property reasons. However, many biobanks and research labs still rely on conventional practices like morphological analysis and growth characteristics that may not reliably identify cell line cross-contamination or misidentification. Adopting advanced techniques like short tandem repeat profiling, RNA and DNA fingerprinting, karyotyping and isozyme analysis can guarantee accurate characterization and authentication of each cell population. It also assures that harvested clinical samples match patient demography to avoid adverse effects on recipients. As cell banking grows globally due to new applications in personalized medicine and regenerative therapies, demand for reliable authentication tools will rise significantly to ensure data integrity, strengthen intellectual property and maintain public trust in research outcomes.

Rise of Automated and Robotic Systems Transforming Cell Cryopreservation Landscape

The introduction of automated and robotic solutions is revolutionizing operations in the cell cryopreservation industry. Traditionally, preservation tasks like cool down, immersion in liquid nitrogen, storage, and retrieval were done manually in a time-consuming manner that lacked precision. Emerging systems leverage robotics, automation, IoT and Informatics to streamline workflow, eliminate human errors, improve process control and optimize liquid nitrogen usage.

List of TOP Players in Market Report are: -

◘ General Electric Company
◘ Thermo Fisher Scientific Inc.
◘ Merck KGaA
◘ AMS Biotechnology (Europe) Limited
◘ Miltenyi Biotec GmbH
◘ BioLife Solutions Inc.
◘ HiMedia Laboratories Pvt. Ltd.
◘ PromoCell GmbH
◘ Corning Incorporated
◘ Cooper Companies Inc.
◘ Planer PLC
◘ Bio-Rad Laboratories India Pvt. Ltd
◘ Abcam plc.
◘ AMSBIO
◘ Biogenuix
◘ Evia Bio.

Note: Major Players are sorted in no particular order.

Market Detailed Segmentation:

By Product Type:

Cryoprotectant Agents
Glycerol
Dimethyl Sulfoxide (DMSO)
Others
Equipment
Incubators
Liquid Nitrogen Supply Tanks
Freezers
Others

By Application:

Stem Cells
Oocytes and Embryos
Sperm, Semen, and Testicular Tissue
Hepatocytes
Others

By End User:

Pharmaceutical and Biotechnology Companies
Academic and Research Institutes
Biobank
Others

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Furthermore, the years considered for the study are as follows:

Historical data - 2016-2021
The base year for estimation - is 2021
Estimated Year - 2023
Forecast period** - 2023 to 2030

This Cell Cryopreservation Market Research/Analysis Report Contains Answers to your following Questions:

◈What are the current global trends in the Cell Cryopreservation market, and will the market experience an increase or decrease in demand in the upcoming years?

◈ What is the expected demand for various product types within the Cell Cryopreservation market, and what are the emerging Market applications and trends?

◈ What are the projections for the global Cell Cryopreservation Market in terms of capacity, production, production value, cost, profit, market share, supply, consumption, import, and export?

◈ How will strategic developments shape the Market trajectory in the medium to long term?

◈ What factors contribute to the final price of Cell Cryopreservation , and what are the raw materials used in its manufacturing?

◈ What is the market's growth potential, particularly with the increasing adoption of Cell Cryopreservation in mining?

◈ What is the current and 2022 value of the global market, and who are the leading companies in this market?

◈ What recent Market trends can be leveraged to create additional revenue streams?

◈ What entry strategies, economic impact mitigation measures, and marketing channels should be considered for the Cell Cryopreservation Market?

Summarized Extracts from TOC of Market Study

Chapter 1 Cell Cryopreservation Introduction and Market Overview

1.1 Objectives of the Study

1.2 Overview of Cell Cryopreservation

1.3 Scope of The Study

1.3.1 Key Market Segments

1.3.2 Players Covered

1.3.3 COVID-19's impact on the Cell Cryopreservation industry

1.4 Methodology of The Study

1.5 Research Data Source

Chapter 2 Executive Summary

Chapter 3 Industry Chain Analysis

Chapter 4 Market, by Type

Chapter 5 Market, by Application

Chapter 6 Market Analysis by Regions

Chapter 7 North America Market Analysis by Countries

Chapter 8 Europe Cell Cryopreservation Market Analysis by Countries

Chapter 9 Asia Pacific Cell Cryopreservation Market Analysis by Countries

Chapter 10 Middle East and Africa Cell Cryopreservation Market Analysis by Countries

Chapter 11 South America Cell Cryopreservation Market Analysis by Countries

Chapter 12 Competitive Landscape

Chapter 13 Industry Outlook

Chapter 14 Market Forecast

Chapter 15 New Project Feasibility Analysis

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