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Cell Cryopreservation Market by Product Type (Cryopreservative Medium, Freezers, and Others), Application (Stem Cells, Oocytes & Embryos, Sperm, Semen, and Others), and End User (Pharmaceutical & Biotechnological Companies, Research Institutes, and Others): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11917
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Aug 2021 | 61 Views
   
Author(s) : Onkar Sumant
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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Cryopreservation is the technique of freezing tissues and cells at low temperatures to keep the biological material metabolically inert, to maintain its viability, and to prevent ice crystal formation. Ice crystals are small crystals of ice, which are formed when the temperature is extremely low. These can disturb the cell membrane of the cell or tissue and the cell can die. Cells are cryopreserved to minimize genetic change and prevent loss through contamination. Cryopreservation is used for the preservation of microorganisms, tissue cells, established cell lines, small multicellular organisms, and complex cellular structures such as embryos, nucleic acid, and proteins .Various types of medium or serum are used to freeze cells. Glycerol and dimethyl sulfoxide (DMSO) are the most commonly used alternatives. Glycerol and dimethyl sulfoxide are mixed into a solution with serum or media in which cells are placed and frozen in a liquid nitrogen freezer. Increase in government initiatives for research in the pharmaceutical and biopharmaceutical sectors is expected to drive the growth of the cell freezing media market. Furthermore, the benefits of cell freezing for storage in drug development or other initiatives are expected to propel the market growth.

Market Scope and Structure Analysis

Report Metric

Details

Market Size Available for Years

  2020–2028

  Base Year Considered

  2020

  Forecast Period

  2021–2028

  Forecast Unit

  Value (USD)

  Segments Covered

  Product Type, Application, End User, and Region

  Regions Covered

  North America, Europe, Asia-Pacific, and LAMEA

  Companies Covered

Thermo Fisher Scientific Inc., General Electric Company, Merck KGaA, , Miltenyi Biotec GmbH, BioLifeSolutions Inc., HiMedia Laboratories Pvt. Ltd., PromoCell GmbH, Corning Incorporated, Cooper Companies, Inc., Mediatech Inc., and AMS Biotechnology (Europe) Limited

 

COVID-19 Impact Analysis

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. The highly contagious disease, caused by a virus, severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), is transmitted from human to human. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020.

Pharmaceutical and biotech companies together with governments around the globe are working to address the COVID-19 outbreak, from supporting the development of vaccines to planning for medicine supply chain challenges. Currently, around 115 vaccine candidates and 155 molecules are in the R&D pipeline. Moreover, commonly used drugs such as hydroxychloroquine have witnessed a dramatic surge in demand for the management of COVID-19. Such high demand for these drugs has presented huge opportunities for manufacturers of COVID-19 management drugs, as many developed countries are facing shortage of these drugs. Thus, the pharmaceutical and biotechnology industries are expected to witness a significant growth in the future owing to the demand for vaccine and treatment drugs for COVID-19. This, in turn, is expected to have a significant impact on the cell cryopreservation market.

Top Impacting Factors

  • Rise in focus of manufacturers on developing novel products for preserving various cells, increase in government initiatives for research activities in the pharmaceutical & biopharmaceutical industries, and decrease in fertility rate are some factors that drive the growth of the cryopreservation of cell market.
  • In addition, advantages of cell freezing for storage in drug development or in other programs are likely to fuel the growth of the market.
  • Launch of advanced and novel cryopreservation systems and the approval of cryopreserved cells by regulatory authorities is further projected to foster market growth.
  • In addition, increase in healthcare expenditure, collaborations & partnerships between key players to facilitate drug development, rise in R&D activities to improve quality of drugs, and launch of novel developed drug in market  are some factors, which boost the market growth for cell cryopreservation.
  • However, high maintenance cost in storage procedure and increase adoption and development of alternative methods hinder the market growth.

Market Trends

New Product Launches to Flourish the Market

In 2018, Vanessa Research Inc., a start-up company, launched a compact device aimed at batch cryopreservation, which allows freezing of multiple tissue samples simultaneously.

In May 2019, researchers of Shinshnu University, Japan developed a technique to cryopreserve animal cells without using antifreeze or cryoprotectant agent by flash freezing cells. The researchers aim to apply this freezing method for preserving cells that are particularly sensitive to cryopreservation.

In 2018, according to report published in Galadari Printing and Publishing LLC, the prevalence of infertility increased with a significant decline in demographics ranging from 6.6 births per woman in the 1970s to 5.22 children in 1980-1985 and 1.73 in 2015-2020, exhibiting an overall decrease of 160%.

Surge in Usage in Research and Medical Applications

Surge in focus on developing novel products for preserving various cells and tissues for research and use in medical applications are the major factors fueling market growth.

In addition, upsurge in healthcare expenditure, collaborations & partnerships between key players to facilitate drug development, increase in R&D to improve quality of drugs, and launches of novel developed drugs in market are some factors, which fuel the market growth of cell cryopreservation. 

Key Segments Covered

Segment

Subsegment

  Product Type

  • Cryopreservative Medium
  •  Freezers
  •  Others

  Application

  • Stem Cells
  • Oocytes & Embryos
  • Sperm
  • Semen
  • Others

  End User

  • Pharmaceutical & Biotechnological Companies,
  • Research Institutes
  • Others

  Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • UK
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil
    • Saudi Arabia
    • South Africa
    • Rest of LAMEA

 

Key Benefits of the Report

  • This study presents the analytical depiction of the cell cryopreservation market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the cell cryopreservation market.
  • The current market is quantitatively analyzed from 2020 to 2028 to highlight the growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed market analysis depending on competitive intensity and how the competition will take shape in coming years

Questions Answered in the Cell Cryopreservation Report

  • Which are the leading players active in the cell cryopreservation market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What future projections would help in taking further strategic steps?
  • What is  cell cryopreservation ?
  • What is cell cryopreservation market prediction in the future?
  • Who are the leading global players in the cell cryopreservation market?
  • What are the current trends and predicted trends?
  • What are the key benefits of the cell cryopreservation market report? 
 
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