According to FutureWise analysis the market for cell cryopreservation in 2023 is US$ 10.61 billion, and is expected to reach US$ 54.21 billion by 2031 at a CAGR of 22.60%.
Cell cryopreservation is the process of cooling and preserving living cells at very low temperatures, in order to maintain their viability and function for later use. This is achieved by adding a cryoprotective agent to the cells to protect them from damage during the freezing process, followed by gradual cooling to a temperature at which all metabolic activity ceases. The frozen cells can then be stored for extended periods of time and later thawed and used for a variety of applications, including research, medical treatments, and biotechnology. Cryopreservation is particularly useful for preserving valuable and rare cell types or those that are difficult to maintain in culture. The cells are then gradually cooled to very low temperatures, typically below -150°C, and stored in cryovials or other suitable containers.
The cell cryopreservation market is driven by the increasing demand for personalized medicine, regenerative therapies, and stem cell research, which require the preservation of high-quality cell samples for future use. The biobanking industry is one of the key segments within the cell cryopreservation market, as the increasing demand for high-quality cell samples for research and clinical applications is driving the growth of biobanks. The pharmaceutical and biotechnology industries are also major users of cell cryopreservation services, as they require large quantities of high-quality cell lines for drug discovery and development. The increasing focus on the development of innovative cryopreservation techniques and the adoption of automation and robotics in cell cryopreservation are expected to drive the growth of the market in the years to come.
FutureWise Market Research has published a report that provides an insightful analysis of Cell Cryopreservation Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Cell Cryopreservation Market will experience a significant growth. According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.