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What Is The Current Size And Growth Outlook For The Cell Cryopreservation Market?

In recent years, the cell cryopreservation market has seen significant expansion. It is projected to increase from $12.65 billion in 2024 to $15.68 billion in 2025, with a compound annual growth rate (CAGR) of 24.0%. The past growth of this market is due to factors such as the rising demand for cell-based treatments, an increase in biomedical research, a growing demand for organ transplants, an increase in R&D activities related to cell-based therapies, and a surge in the utilization of cryopreserved cells.

The market for cell cryopreservation is predicted to undergo significant expansion in the upcoming years, hitting $35.3 billion by 2029, with a compound annual growth rate (CAGR) of 22.5%. The forecasted growth can be linked to an increased demand for in vitro fertilization (IVF) treatments, improved organ transplantation procedures, proliferation of biobanking activities, higher occurrence of chronic illnesses and supportive government initiatives and funding. Within the forecast period, the primary trends pertain to the evolution of cryopreservation techniques, improvements in MRNA vaccine storage, developments in cryoprotectants and freezing methods, a rising inclination towards personalized medicine and strides in stem cell research.

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What Growth-Enabling Forces Are Impacting The Cell Cryopreservation Market?

The cell cryopreservation market is expected to expand due to the rise in organ transplantation procedures. In medical terms, organ transplantation refers to the substitution of a damaged or malfunctioning organ with a healthy one from a donor. This practice has seen an uptick due to organ failures instigated by inherited anomalies, infections, injuries, and chronic illnesses. Cell cryopreservation plays a pivotal role in organ transplantation by freezing and storing cells from organs to ensure their future viability, thereby increasing the rate of successful grafts and diminishing immune rejections. For instance, the US-based federal agency Health Resources and Services Administration reported in January 2024 that the number of organ transplants from both live and deceased donors in 2023 was 46,632, demonstrating an 8.7% rise from 2022 and a 12.7% growth from 2021 – the first year that observed over 40,000 organ transplants. Consequently, the growth of the cell cryopreservation market is being driven by the elevating number of organ transplantation procedures.

How Does The Cell Cryopreservation Market Differ By Segment?

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 Are The Dominant Trends Currently Seen In The Cell Cryopreservation Market?

Firms in the cell cryopreservation market are focusing their efforts towards the advancement of cryopreservation medium solutions, aimed at enhancing their services to consumers. These unique formulations, often referred to as cryopreservation medium solutions, allow for cells or tissues to be preserved through freezing them in extremely low temperatures. This process ensures the longevity of these specimens during storage and transportation, while still maintaining their viability and functionality. A key example of this innovation was demonstrated by Pluristyx Inc; a company based in the United States that provides various tools, technologies, and services intended for cellular therapies. In April 2024, Pluristyx unveiled PluriFreeze; a novel cryopreservation medium solution designed specifically to bolster the progression of stem cell therapy. PluriFreeze is tailored towards supporting the growth of induced pluripotent stem cells (iPSCs) while providing a unique model to enhance the productivity and quality of iPSC therapy. Pluristyx’s PluriFreeze Cryopreservation Media, solely intended for Research Use Only (RUO), is projected to streamline the process of stem cell therapy development and assist in bringing cell therapies to the market.

Who Are The Most Influential Companies 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 Is Leading Innovation 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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