Cell Cryopreservation Market, by Product Type (Cryoprotectant Agents(Glycerol,Dimethyl Sulfoxide (DMSO),Others) 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) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030
The process of stabilizing biological materials at cryogenic temperatures (below -1500 degree C) is called cryopreservation. 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. Cryopreservation procedures use liquid nitrogen, liquid helium, argon, and oxygen as cryogenic elements. Various types of samples with varying sensitivity require different types of cryopreservation equipment such as cryopreservation freezers, liquid nitrogen vessels, cryogenic vaporizers, cryogenic incubators, liquid tracking equipment, and cell freezing container.
Market Dynamics
Increasing product launches by market players in cell therapy is a major factor driving the global cell cryopreservation market growth. For instance, in April 2021, BioLife Solutions, Inc., a developer and supplier of bioproduction products and services for cell and gene therapies, announced that it had launched a new line of high capacity controlled rate freezers (HCRF), with an initial shipment to cell therapy. The freezer will be a critical component in the management of several allogeneic cell therapies in development. This product launch expands the company cryogenic freezer platform with high-capacity controlled rate freezers designed specifically to meet the needs of cell and gene therapy developers.
Furthermore, a decrease in the fertility rate is expected to drive the market growth. For instance on July 17, 2022, the World Economic forum, an international non-governmental and lobbying organization, published a report which stated that fertility rates have decreased worldwide, with a total 50% decline over the last 70 years.
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