Cell Cryopreservation Market Size Forecast: Revenue and CAGR by 2029

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What Is The Expected Total Market Size Of The Cell Cryopreservation Industry By The Forecast Year 2029?

The cell cryopreservation market has experienced substantial growth in recent years. Its value is projected to increase from $12.65 billion in 2024 to $15.68 billion in 2025, advancing at a compound annual growth rate (CAGR) of 24.0%. Historically, this expansion has been driven by the rising demand for cell-based therapies, an increase in biomedical research, the expanding necessity for organ transplantation, a surge in R&D activities focused on cell-based therapies, and the wider adoption of cryopreserved cell.

The cell cryopreservation market is poised for substantial growth over the next few years, with projections indicating it will reach $35.3 billion by 2029, expanding at a compound annual growth rate (CAGR) of 22.5%. This growth during the forecast period is primarily driven by factors such as the increasing demand for in vitro fertilization (IVF) procedures, ongoing advancements in organ transplantation, the expansion of biobanking activities, a rising incidence of chronic diseases, and supportive government initiatives and funding. Significant trends expected during this period include continuous developments in cryopreservation techniques, improvements in MRNA vaccine storage and transportation, breakthroughs in cryoprotectants and freezing methods, the growing adoption of personalized medicine, and progress in stem cell research.

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Which Drivers Are Supporting Growth Of The Cell Cryopreservation Market?

The rising volume of organ transplantation operations is anticipated to drive the expansion of the cell cryopreservation market in the future. This medical intervention involves replacing an impaired or non-functioning organ with a healthy one obtained from a donor. The surge in organ transplant procedures stems from organ failure resulting from hereditary abnormalities, infections, traumas, and chronic diseases. In the context of organ transplantation, cell cryopreservation entails freezing and storing cells derived from organs to maintain their vitality for subsequent application, thereby improving graft success and minimizing immune rejection. For example, as reported by the US-based federal agency, the Health Resources and Services Administration, in January 2024, a total of 46,632 organ transplants were conducted in 2023, utilizing both living and deceased donors. This represented an 8.7% rise compared to 2022 and a 12.7% increase from 2021, the initial year to exceed 40,000 organ transplants. Consequently, the expanding scope of organ transplantation procedures is fueling the advancement of the cell cryopreservation market.

What Are The Emerging Segments Gaining Attention In The Cell Cryopreservation Market?

The cell cryopreservationmarket 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 Long-Term Trends Will Shape The Future Growth Of The Cell Cryopreservation Industry?

Companies operating in the cell cryopreservation market are concentrating on advancing cryopreservation medium solutions to better serve customers with sophisticated capabilities. A cryopreservation medium solution refers to specific formulations crafted to preserve cells or tissues by freezing them at exceptionally low temperatures, thereby allowing for long-term storage and transportation while maintaining their viability and functionality. For instance, in April 2024, Pluristyx Inc., a US-based provider of tools, technologies, and services for cellular therapies, launched PluriFreeze, a distinct cryopreservation medium solution designed to accelerate stem cell therapy development. This solution was created to support the growth of induced pluripotent stem cells (iPSCs) and offers an innovative method to improve the efficiency and quality of iPSC therapy development. Pluristyx’s PluriFreeze Cryopreservation Media, intended for Research Use Only (RUO), aims to streamline the development of stem cell therapy and aid in commercializing cell therapies.

Who Are The Major Companies Operating 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

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Which Region Shows The Highest Potential For Future Expansion In The Cell Cryopreservation Market?

North America was the largest region in the cell cryopreservation market in 2024. 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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