Press release
Strong Growth Ahead: Cell Cryopreservation Market Size To Grow At Arecord 23.9% Cagr By 2029
Cell Cryopreservation
How Big Is the Cell Cryopreservation Market Size Expected to Be by 2034?
The cell cryopreservation market has experienced exponential growth. It is expected to increase from $12.65 billion in 2024 to $15.72 billion in 2025, at a CAGR of 24.3%. The expansion is attributed to the increasing demand for cell-based therapies, growing biomedical research, the need for organ transplants, rising R&D activities, and the increasing use of cryopreserved cells.
The cell cryopreservation market is expected to see substantial growth, reaching $37.01 billion by 2029 with a CAGR of 23.9%. This growth is attributed to higher demand for IVF procedures, improvements in organ transplant procedures, expansion in biobanking, the rise of chronic diseases, and government support. Major trends will include advancements in cryopreservation, MRNA vaccine storage, new freezing techniques, increased focus on personalized medicine, and progress in stem cell research.
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What Are the Emerging Segments Within the Cell Cryopreservation Market?
The cell cryopreservation market covered in this report is segmented -
1) By Product: Cell Freezing Media, Equipment, Consumables
2) By Application: Hepatocytes, Stem Cells, Oocytes And Embryotic cells, Sperm Cells, Other Applications
3) By End-Use Channel: Biopharmaceutical And Pharmaceutical Companies, Research Institutes, Biobanks, In Vitro Fertilization (IVF) Clinics, Other End-Use Channels
Subsegments:
1) By Cell Freezing Media: Serum-Based Freezing Media, Serum-Free Freezing Media
2) By Cryoprotectants: Cryoprotectants
3) By Equipment: Cryopreservation Freezers, Cryo Storage Tanks, Controlled-Rate Freezers
4) By Consumables: Cryovials, Cryo Storage Bags, Cryo Tubes
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What Long-Term Drivers Are Shaping Cell Cryopreservation Market Trends?
The growth in organ transplants is expected to drive the cell cryopreservation market. The rise in organ transplants is linked to organ failure caused by genetic abnormalities, infections, injuries, and chronic illnesses. Cell cryopreservation helps preserve cells from organs for future use, improving the success of transplants and reducing immune rejection. The Health Resources and Services Administration reported an 8.7% increase in organ transplants from 2022 to 2023, contributing to the growth of the cell cryopreservation market.
Who Are the Top Competitors in Key Cell Cryopreservation Market Segments?
Major companies operating in the cell cryopreservation market are Thermo Fisher Scientific Inc., Danaher Corporation, Merck KGaA, Corning Inc., STEMCELL Technologies, Cryoport Inc., BioLife Solutions Inc., Nkarta Inc., Tn-Sanso Corporation, Coya Therapeutics, FUJIFILM Irvine Scientific, Artiva Biotherapeutics, Acorn Biolabs Inc., ThermoGenesis Holdings Inc., Evia Bio Inc., Wideblue Limited, Akron Biotech, Captivate Bio LLC, Pluristyx Inc., CryoCrate LLC, PanTHERA CryoSolutions, ParaTechs Corporation, Plus Therapeutics, X-Therma Inc., Protein Technologies Limited
What Trends Are Driving Growth in The Cell Cryopreservation Market?
In the cell cryopreservation market, companies are developing advanced cryopreservation media solutions to enhance the storage and transportation of cells or tissues at ultra-low temperatures. In April 2024, Pluristyx launched PluriFreeze, a cryopreservation medium designed to support the growth of induced pluripotent stem cells (iPSCs) and improve the development efficiency and quality of stem cell therapies.
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Which Regions Are Becoming Hubs for Cell Cryopreservation Market Innovation?
North America was the largest region in the cell cryopreservation market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cell cryopreservation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Cell Cryopreservation Market?
2. What is the CAGR expected in the Cell Cryopreservation Market?
3. What Are the Key Innovations Transforming the Cell Cryopreservation Industry?
4. Which Region Is Leading the Cell Cryopreservation Market?
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