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What Long-Term Growth Rate is Expected for the Cell Cryopreservation Market Between 2025 and 2034?

In the past few years, there has been a significant expansion in the cell cryopreservation market size. This market is projected to swell from $12.65 billion in 2024 to a staggering $15.72 billion in 2025, reflecting a compound annual growth rate (CAGR) of 24.3%. Factors such as surging demand for cell-based treatments, advancement in biomedical research, increasing need for organ transplants, growth in R&D activities regarding cell-based therapies, and the escalated usage of cryopreserved cells contribute to the upswing during the historic period.

Forecasts anticipate a significant surge in the size of the cell cryopreservation market over the upcoming years. By 2029, it is expected to attain a worth of $37.01 billion, featuring a compound annual growth rate (CAGR) of 23.9%. Factors driving growth across the forecasted period include increased demand for in vitro fertilization (IVF), progress in organ transplantation protocols, the expansion of biobanking endeavors, higher instances of chronic ailments, and encouraging governmental initiatives and funding. Key trends recognized for the forecasted period comprise enhancements in cryopreservation methods, developments in MRNA vaccine storage and transport, improvements in cryoprotectants and freezing procedures, a growing inclination towards personalized medicine, and progress in stem cell research.

Which Primary Drivers Are Supporting the Continued Expansion of the Cell Cryopreservation Market?

The growth of the cell cryopreservation market is predicted to be fuelled by the rising number of organ transplantation procedures. This medical operation, involving the replacement of a damaged or failing organ with a healthy donor organ, has seen a surge due to organ failure resulting from hereditary abnormalities, infections, chronic diseases, and traumas. In organ transplantation, cell cryopreservation plays a vital role, involving the freezing and storage of cells from organs to maintain their usability for future application, augment graft success, and diminish immune rejection. For instance, the Health Resources and Services Administration, a federal agency in the US, revealed in January 2024 that in 2023, there were 46,632 organ transplants from both living and deceased donors. This number indicates an increase of 8.7% from 2022 and a 12.7% rise from 2021, which was the initial year that saw over 40,000 organ transplants. Thus, the rise in organ transplantation procedures is propelling the expansion of the cell cryopreservation market.

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What Are the Key Firms That Are Driving Transformation 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

What Current Trends in the Cell Cryopreservation Market Should Industry Players Pay Attention To?

Firms engaged in the cell cryopreservation industry are concentrating on enhancing cryopreservation medium solutions to provide clients with superior capabilities. This type of solution refers to specific mixtures designed to conserve cells or tissues by freezing them at extreme lows, allowing for lengthy storage and transport while preserving their functional and viable characteristics. For example, in April 2024, Pluristyx Inc., an American company providing tools, technology, and services for cell treatments, introduced PluriFreeze, its own cryopreservation medium solution to expedite the development of stem cell therapies. This solution is tailored to promote the propagation of induced pluripotent stem cells (iPSCs) and introduces a novel approach to enhance the efficiency and quality of iPSC therapy development. The PluriFreeze Cryopreservation Media by Pluristyx, intended solely for Research Use Only (RUO), is designed to simplify the stem cell therapy development process and assist in bringing cell therapies to market.

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What Are the Major Segments of the Cell Cryopreservation Market and Their Role in Driving Growth?

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 Regions Are Driving Expansion 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.

How Is the Cell Cryopreservation Market Categorized and Defined in the Industry?

Cell cryopreservation is the process of preserving cells by cooling them to sub-zero temperatures, typically in liquid nitrogen at -196°C. This method halts all biological activity and metabolism, allowing cells to be stored for extended periods without degradation. Cryoprotective agents are used to prevent ice crystal formation, which can damage cell structures during freezing and thawing.

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