Global Cell Cryopreservation Market Size To Worth USD 66.52 Billion By 2033 l CAGR Of 18.45%
Category: HealthcareGlobal Cell Cryopreservation Market Size To Worth USD 66.52 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Cell Cryopreservation Market is to Grow from USD 12.23 Billion in 2023 to USD 66.52 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 18.45% during the projected period.
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Browse key industry insights spread across 298 pages with 110 Market data tables and figures & charts from the report on the "Global Cell Cryopreservation Market Size, Share, Growth, and Industry Analysis, By Product (Cell Freezing Media, Equipment, and Consumables), By Application (Stem Cells, Sperm Cells, and Oocytes & Embryotic Cells), By End-Use (Biobanks, IVF), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033" Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/cell-cryopreservation-market
Cryopreservation is a process that preserves biological material for long periods of time at cryogenic temperatures in a suspended animation state, safeguarding the fragile cellular structure. This method allows biological material to be suspended at freezing temperatures for extended periods of time. It preserves the fragile cell structure. Cryopreservement involves freezing samples of biological structures, including cells, tissues, and organelles, to extremely low temperatures, such as -196 °C for liquid nitrogen preservation or -80 °C for solid CO2. The rapid breakthroughs in research and expanding applications in the treatment of various ailments have led to an increase in demand for cell therapies in the global market. However, the excessive initial and ongoing expenses could prevent the market's growth.
The consumables category is expected to retain the biggest market share.
Based on the product, the cell cryopreservation is divided into cell freezing media, equipment, and consumables. Among these, the consumables category is expected to retain the biggest market share. A number of variables, such as the growing prevalence of chronic illnesses, the growing consumer demand for cryopreservation, and the increased need for biological products, could cause the market to grow. This is mostly because consumers are using cryovials, cryotubes, and other consumables more frequently because of advantages like reduced contamination. The market for freezing media is expected to develop at the fastest rate because of the widespread use of cryopreservation media in numerous industries, including drug discovery, regenerative medicines, and stem cell regrowth.
Stem cells are anticipated to dominate the market growth.
Based on application, the cell cryopreservation is divided into stem cells, sperm cells, and oocytes & embryotic cells. Among these, stem cells are anticipated to dominate the market growth. Cell cryopreservation, stem cells can be transported, stored, and preserved without undergoing genetic or cellular changes. This is a significant advancement for stem cell applications. By restoring damaged or diseased body cells, stem cells can serve as a corrective therapeutic. Therefore, the focus of regenerative medicine is on utilizing this potential to offer cutting-edge treatments for many illnesses, such as heart disease, diabetes, and neurological issues. Growth in the market is anticipated because of the increased prevalence of cardiovascular disease brought on by aging populations and sedentary lifestyles. Oocytes and embryonic cells are predicted to grow the quickest. It is projected that the market will grow rapidly due to increased egg-freezing cycles, stem cell development, and research.
The IVF category is expected to hold the greatest share of the market.
Based on end-use, the cell cryopreservation is divided into biobanks and IVF. Among these, the IVF category is expected to hold the greatest share of the market. As more women choose egg-freezing cycles, there is an increasing demand for reliable and effective cryopreservation methods to ensure the long-term viability of frozen eggs. This has increased demand for cutting-edge infrastructure and technology, which has propelled the growth of the cell cryopreservation sector.
North America is having the biggest share of the global cell cryopreservation market over the forecast period.
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The market was led by North America because of the region's large number of leading producers of cryopreservation products, developed economies, advanced medical infrastructure, well-known companies, and established supply networks. Furthermore, because diseases are becoming more common and the population is getting older, the biopharmaceutical industry is racing to create new, efficient therapies. This is anticipated to continue making money during the projection period because of the growing need for cell cryopreservation. Numerous industry companies have set their headquarters in the area to benefit from the workforce and financial prospects available.
Asia-Pacific is predicted to grow fastest pace throughout the forecast period. Asia Pacific appears to be the regional market with the fastest rate of growth. Countries like China, India, Japan, and South Korea are making significant strides in the biological sciences. Cryopreservation applications for biobanking and regenerative medicine are seeing increased investment due to rising patient volumes and healthcare expenditures. Local companies and multinational corporations are actively working together to modernize management techniques and technology. Governments provide subsidies to promote the commercialization of domestic innovations.
Major vendors in the global cell cryopreservation market include Organ Recovery Systems Inc., Custom Biogenic Systems, Sartorius AG, Takara Bio Inc., Chart Industries, Inc., Biocision, LLC, Cardinal Health, Inc, Helmer Scientific, Merck KGaA, GE Healthcare, Lonza Group Ltd, STEMCELL Technologies Inc, BioLife Solutions, Inc, Cryolife, Inc., and Others.
Recent Developments
- In June 2023, BioLife Solutions, Inc., a reputable provider of bioproduction equipment and services for gene and cell therapy, presented a new large-capacity controlled-rate freezer (CRF) as part of its growing product line. This solution satisfies significant customer demand for increased cell therapy manufacturing capacity on tabletop freezers by adding three new form factors.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global cell cryopreservation market based on the below-mentioned segments:
Global Cell Cryopreservation Market, By Product
- Cell Freezing Media
- Equipment
- Consumables
Global Cell Cryopreservation Market, By Application
- Stem Cells
- Sperm Cells
- Oocytes & Embryotic Cells
Global Cell Cryopreservation Market, By End-Use
- Biobanks
- IVF
Global Cell Cryopreservation Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
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