Cell Cryopreservation Market Seeking Growth from Emerging Markets, Sourcing Strategy and Downstream Buyers To 2027
Coherent Market Insights has recently updated its massive report catalog by adding a fresh study titled “Global Cell Cryopreservation Market – Industry Analysis, Size, Share, Growth, Trends, & Forecast 2021 – 2027”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2027. The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated with the growth of manufacturers in the global market for Cell Cryopreservation. Along with these insights, the report provides the readers with crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.
Global Cell Cryopreservation Market, by Product Type (Cryoprotectant Agents and Equipment), by Application (Stem Cells, Oocytes and Embryos, Sperm, Semen, and Testicular Tissue, Hepatocytes, and Others), by End User (Pharmaceutical and Biotechnology Companies, Academic and Research Institutes, Biobank, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) was valued at US$ 3,350.9 million in 2017, and is projected to exhibit a CAGR of 22.5% over the forecast period (2018–2026), as highlighted in a new report published by Coherent Market Insights
Increasing product approvals and product launches by market players is expected to augment the market growth
In order to grow their product range, key market participants are focusing on product launches and approvals. For example, in 2014, Asymptote Ltd., a U.K.-based cryopreservation specialist, launched its range of liquid nitrogen-free controlled rate freezers, especially designed for the needs of regenerative medicine, at the annual meeting of the International Society for Cellular Therapy (ISCT), held in Paris, France.
Furthermore, increased university research initiatives to create novel freezing technologies are likely to drive market growth throughout the forecast period. Researchers at Shinshu University in Japan, for example, found a technology to cryopreserve animal cells without antifreeze or cryoprotectant chemical by flash freezing cells in May 2019. The researchers aim to apply this freezing method for preserving cells that are particularly sensitive to cryopreservation.
Infertility is one of the most frequent medical disorders in the world. As a result, the adoption of in-vitro fertilisation (IVF) treatments rises, the global cell cryopreservation market is predicted to expand. According to a report issued by Galadari Printing and Publishing LLC in 2018, the frequency of infertility has increased due to a major loss in demography, with births per woman falling from 6.6 in the 1970s to 5.22 in 1980-1985 and 1.73 in 2015-2020, a 160 percent drop. To grow their product range, key market players are focusing on techniques such as mergers and acquisitions. For example, in October 2018, Thermo Fisher Scientific Inc. purchased Becton, Dickinson and Company’s Advanced Bioprocessing business to expand its life sciences solutions segment. The acquisition expanded bioproduction portfolio and enabled the company to bring new drugs into the market at faster pace.
Key Takeaways of the Global Cell Cryopreservation Market:
The global cell cryopreservation market is predicted to grow at a CAGR of 22.5 percent over the forecast period, owing to an increase in the number of cryopreservation systems launched and approved. For example, in 2013, Taiyo Nippon Sanso Corporation launched CryoLibrary (CAPS-i3000), a fully-automated cryopreservation system for cryopreservation of iPS cells.
In 2018, the equipment sector dominated the worldwide cell cryopreservation market, owing to an increase in the number of strategic acquisitions by leading firms to expand their product range. For example, in April 2017, GE Healthcare acquired Asymptote Limited, a provider of cryochain technology (Asymptote’s VIA Freeze) and equipment for sensitive cellular therapies. The comprehensive suite of cryochain hardware, software, and consumables from Asymptote is designed to keep cellular therapies potent. GE Healthcare’s cell treatment portfolio is expected to be strengthened by the acquisition of Asymptote. In 2018, the stem cells segment dominated the global cell cryopreservation market, owing to the growing use of stem cells to treat patients with blood-related malignancies. For example, according to Leukemia and Lymphoma Society, 2017, an estimated 172,910 people in the U.S. were diagnosed with leukemia, lymphoma or myeloma in 2017, thereby increasing the adoption of stem cells for efficient treatment.
Major Key Players Include In Cell Cryopreservation Market: General Electric Company, Thermo Fisher Scientific Inc., Merck KGaA, AMS Biotechnology (Europe) Limited, Miltenyi Biotec GmbH, BioLifeSolutions Inc., HiMedia Laboratories Pvt. Ltd., PromoCell GmbH, Corning Incorporated, Cooper Companies, Inc., and Planer PLC.
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Main points in Cell Cryopreservation Market Report Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Cell Cryopreservation Market Size Analysis from 2021 to 2027
11.6 COVID-19 Outbreak: Cell Cryopreservation Industry Impact
Chapter 2 Global Cell Cryopreservation Competition by Types, Applications, and Top Regions and Countries
2.1 Global Cell Cryopreservation (Volume and Value) by Type
2.3 Global Cell Cryopreservation (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Cell Cryopreservation Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Cell Cryopreservation Market Analysis
Chapter 6 East Asia Cell Cryopreservation Market Analysis
Chapter 7 Europe Cell Cryopreservation Market Analysis
Chapter 8 South Asia Cell Cryopreservation Market Analysis
Chapter 9 Southeast Asia Cell Cryopreservation Market Analysis
Chapter 10 Middle East Cell Cryopreservation Market Analysis
Chapter 11 Africa Cell Cryopreservation Market Analysis
Chapter 12 Oceania Cell Cryopreservation Market Analysis
Chapter 13 South America Cell Cryopreservation Market Analysis
Chapter 14 Company Profiles and Key Figures in Cell Cryopreservation Business
Chapter 15 Global Cell Cryopreservation Market Forecast (2021-2027)
Chapter 16 Conclusions
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