Cell Cryopreservation Market Key Players, End User and Analysis Growth by 2024-2031 | General Electric Company, Thermo Fisher Scientific Inc., Merck KGaA

Market Overview:

Cell cryopreservation involves storing cells at ultra-low temperatures, usually in liquid nitrogen around -196°C to preserve them for future use. It is widely used across biotechnology, medical science, and reproduction techniques. The key application of cell cryopreservation includes stem cell therapy, medical research, and biobanking.

Market Dynamics:

The growth of the cell cryopreservation market is expected to be driven by growing use of cryopreservation in stem cell therapy and increasing number of clinical trials in regenerative medicines. According to the data by Cryobiology Education Committee 2018, around 250,000 stem cell transplants are performed worldwide annually. Stem cells have immense potential applications in regenerative medicines and their storage using cryopreservation plays a crucial role. Additionally, rising prevalence of chronic diseases like cancer that requires stem cell therapy is also expected to boost the demand for cell cryopreservation.

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Top Companies Covered In This Report: 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, and Evia Bio.

Market Segmentation:

Global Cell Cryopreservation Market, By Product Type:
Cryoprotectant Agents
Glycerol
Dimethyl Sulfoxide (DMSO)
Others
Equipment
Incubators
Liquid Nitrogen Supply Tanks
Freezers
Others

Global Cell Cryopreservation Market, By Application:
Stem Cells
Oocytes and Embryos
Sperm, Semen, and Testicular Tissue
Hepatocytes
Others

Global Cell Cryopreservation Market, By End User:
Pharmaceutical and Biotechnology Companies
Academic and Research Institutes
Biobank
Others

Geographically, the detailed analysis of consumption, revenue, Cell Cryopreservation Market share, growth rate, etc. of the following regions:

» North America (United States, Canada, and Mexico)
» Europe (Germany, France, UK, Russia, Italy)
» Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
» Latin America (Brazil, Argentina, Colombia)
» Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

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Driver: Growing Demand for Stem Cell Research Driving Growth in the Cell Cryopreservation Market

Stem cell research is considered one of the most promising areas of biomedical research today. It aims to understand how stem cells develop into specialized cell types and how these processes can be manipulated to grow tissues and treat diseases. Growing governmental support and private funding have led to significant advancements in stem cell technologies and discovery of new therapeutic applications. As more knowledge is gained about stem cell functions, stem cell therapies will become more viable options for treating various degenerative diseases. This increasing focus on stem cell research has boosted the demand for cell cryopreservation services as living cells need to be stored long-term for future research and clinical applications. Companies operating in this market are offering customized cryopreservation solutions and services optimized specifically for preserving various cell types used in stem cell research and regenerative medicine development.

Driver: Increasing Awareness About Benefits of Umbilical Cord Stem Cell Banking

Cord blood and umbilical cord tissue contain stem cells that can be collected and stored for potential future use. These stem cells are an attractive alternative to bone marrow transplantation and have shown promising results in treating over 80 diseases including leukemia, lymphoma and inherited metabolic disorders. In recent times, people are becoming more aware of the potential medical benefits of banking and storing their newborn's cord blood and tissue stem cells. Private cord blood banks are marketing these banking services heavily as a form of biomedical insurance for families. Their marketing emphasizes that stem cells collected from umbilical cord/cord blood can be life-saving for the child or a family member in future if they develop a condition treatable by stem cell therapy. This growing awareness and demand for private cord blood banking is driving significant growth in the cell cryopreservation market.

Restrain: High Cost Associated With Cord Blood and Tissue Banking

While awareness about benefits of cord blood banking is increasing, the cost associated with private cord blood and tissue banking continues to remain a key restrain limiting widespread adoption. Private cord blood banking services involve significant upfront and yearly storage costs that most families may not be able to afford readily. According to recent reports, the average initial fee for cord blood banking ranges between $1,000 to $2,000 with annual storage costs of $100 per year. These private banking options also charge additional fees for transportation of samples and processing. The high costs make private cord blood banking an impractical option for low and middle-income families. Low adoption due to affordability issues is a challenge hampering faster revenue growth in this market.

Opportunity: Increasing Interest in Personalized Regenerative Medicine

The potential of regenerative medicine to address chronic diseases, aging, and regenerate damaged organs is driving significant research in this field. However, most regenerative therapies require cells, tissues or organs that are immune-compatible with patients. Using one's own cells genetically reprogrammed for regenerative therapies offers an immune-compatible option without requiring immunosuppression. This concept of developing personalized regenerative therapies from a person's own cells has gained immense interest among healthcare experts and biotechnology companies. Cell cryopreservation plays a key role in enabling personalized medicine approaches by allowing long-term storage of various somatic cell types that can later be reprogrammed or modified as needed for therapeutic applications optimized to an individual's genetics and medical history. As interest in personalized regenerative medicine grows, it will open new opportunities for companies offering customized cell cryopreservation solutions.

Trend: Shift Towards Automation and Digitization in Cell Bank Operations

Cell/biological sample cryopreservation require careful handling, monitoring and record-keeping to ensure maximum viability over long-term storage periods. However, manual operations have limitations and risks of errors. There is a growing trend of cell/tissue banks adopting automation and digitization technologies to streamline their operations. Automated systems are being used for critical tasks like controlled freezing and thawing of cellular samples and vials. Technologies like robotic arm manipulators minimize human touchpoints and ensure repeatability. Advanced cloud-based software solutions are also gaining adoption for sample logistics management, digital record-keeping and remote monitoring of storage facilities. This shift towards Industry 4.0 technologies in cell banking is helping improve process efficiency, minimize errors and enable better compliance with regulatory guidelines over time. Leading players are focusing on developing innovative automation and analytics solutions tailored

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𝐅𝐀𝐐'𝐬

Q.1 What are the main factors influencing the Cell Cryopreservation market?
Q.2 Which companies are the major sources in this industry?
Q.3 What are the market's opportunities, risks, and general structure?
Q.4 Which of the top Cell Cryopreservation Market companies compare in terms of sales, revenue, and prices?
Q.5 Which businesses serve as the Cell Cryopreservation market's distributors, traders, and dealers?
Q.6 How are market types and applications and deals, revenue, and value explored?
Q.7 What does a business area's assessment of agreements, income, and value implicate?

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