Cell Cryopreservation Market Projected at $37.01 Billion by 2029 | Strategic Insights and Forecast Data
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#How Has The Cell Cryopreservation Market Size Shifted, And What Is the Outlook Through 2034?
The market size of cell cryopreservation has seen substantial growth recently. Projected to surge from $12.65 billion in 2024 to $15.72 billion in 2025, it exhibits a compound annual growth rate (CAGR) of 24.3%. This ascension during the historic period can be credited to factors such as expanding demand for cell-based treatments, an uptick in biomedical inquiry, escalating necessity for organ transplantation, a surge in exploratory activities associated with cell-based therapies, and amplified utilization of cryopreserved cells.
How Much Will the Cell Cryopreservation Market Be Worth in 2029?
The market size for cell cryopreservation is projected to experience a significant surge in the coming years, reaching up to $37.01 billion in 2029 with a compound annual growth rate (CAGR) of 23.9%. The projected growth during this period can be ascribed to the increasing demand for in vitro fertilization (IVF) methods, progress in organ transplant processes, enlargement of biobanking activities, the growing prevalence of chronic illnesses, and the presence of beneficial government schemes and funding. The key trends for this projected period encompass developments in cryopreservation methods, enhancements in the storage and transportation of MRNA vaccines, improvements in cryoprotectants and freezing methods, an increase in the focus on personalized medicine, and progress in stem cell studies.
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Which is the Largest Company in the Cell Cryopreservation Market?
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 Are the Main Market Drivers in the Cell Cryopreservation Industry?
The cell cryopreservation market is projected to expand due to a rise in organ transplantation procedures. In the medical field, organ transplantation refers to the process of replacing a failing or damaged organ with a healthy one obtained from a donor. Factors such as hereditary abnormalities, infections, trauma, and chronic diseases have led to an increase in these procedures due to organ failure. The role of cell cryopreservation in organ transplantation involves the freezing and retention of cells from organs in order to preserve them for potential future use, improve graft success rates, and decrease immune rejection. As reported by the Health Resources and Services Administration, an American federal agency, in January 2024, the number of organ transplants performed from both living and deceased donors was 46,632 in 2023, representing an 8.7% rise from 2022 and a 12.7% increment from 2021, the first year witnessing over 40,000 organ transplants. Thus, the escalating organ transplantation procedures are contributing to the surge in the cell cryopreservation market.
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How Is the Cell Cryopreservation Market Segments Structured?
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
What Strategic Trends Are Transforming the Cell Cryopreservation Market?
Firms in the cell cryopreservation market are prioritizing the creation of cryopreservation medium solutions to provide enhanced services to customers. These specialized formulations are designed to preserve cells or tissues by freezing them at extremely low temperatures, allowing for long-lasting storage and transportation while preserving their viability and functionality. For example, Pluristyx Inc., a US-based organization that provides a range of tools, technologies, and services for cellular therapies, unveiled PluriFreeze in April 2024. This is a distinctive cryopreservation medium solution purposed to hasten the development of stem cell therapies. The solution is crafted to promote the propagation of induced pluripotent stem cells (iPSCs) and presents a novel strategy to boost the efficacy and standard of iPSC therapy development. PluriFreeze Cryopreservation Media from Pluristyx, which is intended solely for research purposes, is expected to simplify the development of stem cell therapy and support the commercialization of cell therapies.
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Which Global Regions Offer the Highest Growth in the Cell Cryopreservation Market?
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.
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This Report Delivers Insight On:
1. How big is the cell cryopreservation market, and how is it changing globally?
2. Who are the major companies in the cell cryopreservation market, and how are they performing?
3. What are the key opportunities and risks in the cell cryopreservation market right now?
4. Which products or customer segments are growing the most in the cell cryopreservation market?
5. What factors are helping or slowing down the growth of the cell cryopreservation market?
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