Research Nester’s recent market research analysis on “Cell Cryopreservation Market: Global Demand Analysis & Opportunity Outlook 2036” delivers a detailed competitors analysis and a detailed overview of the global drug delivery systems market in terms of market segmentation by type, end-user, and by region.
Rise in Chronic Diseases and Cell-Based Therapies to Promote Global Market Share of Cell Cryopreservation Market
The global cell cryopreservation market is estimated to grow majorly on account of rising biomedical research and drug discovery. The cryopreservation plays an imperative role in preserving the cell for various drug discoveries and biomedical research. There has been an increase in the number of cell plantations, advancements in technology in the biotechnology and pharmaceutical industries, and a rise in the number of FDA approvals are also anticipated to bolster the growth of the global cell cryopreservation market during the forecast period. For instance, in the year 2023, a total of almost 22,820 Hematopoietic Cell Transplantation (HCT) was performed in the United States. Other than this, in the United States, at present, 32 gene and cell therapies have been approved. These factors are projected to bolster the growth of the global cell cryopreservation market during the forecasted period. Moreover, the rising number of infertility and the widespread adoption of ART have become primary drivers for the global cell cryopreservation market growth.
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Some of the major growth factors and challenges that are associated with the growth of the global cell cryopreservation market are:
Growth Drivers:
• Increase in Cell-Based Therapies and Chronic Diseases
• Surge in Drug Discoveries and Biomedical Research
Challenges:
Ethical & legal considerations, standardization, and problems related to cryoinjury and cell viability are some of the major factors anticipated to hamper the global market size of the global cell cryopreservation market.
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By end user, the global cell cryopreservation market is segmented into pharmaceuticals, research & academic institutions, and fertility clinics. The pharmaceutical segment is to garner the highest revenue by the end of 2036 by growing at a significant CAGR over the forecast period. The reason for the growth of the sub-segment is driven by the crucial requirement for efficient drug discoveries and development. For instance, in the year 2023, almost 55 novel drugs were approved by the CDER (Center for Drug Evaluation and Research).
By region, the Europe global cell cryopreservation market is to generate a substantial revenue by the end of 2036. The Europe cell cryopreservation market would witness a market growth of almost 19.8% CAGR during the forecast period. The increase in the bio banks and rise in demand for personalized medicines have emerged as prominent drivers of the cell cryopreservation market growth in the region.
This report also provides the existing competitive scenario of some of the key players of the global cell cryopreservation market which includes company profiling of Thermo Fisher Scientific Inc, Merck KGaA, GE Healthcare, BioLife Solutions, Inc, Charter Medical, Ltd, STEMCELL Technologies Inc., VWR International LLC, Lifeline Scientific, Inc, Astellas Pharma Inc, Sumitomo Bakelite Co., Ltd, Terumo Corporation, Nippon Genetics Co., Ltd, TOMY Digital Biology Co., Ltd. and others.
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