North America Cell Cryopreservation Market Size, Share & Industry Trends Analysis Report By Component, By End-use, By Application (Stem Cells, Oocytes & Embryotic cells, Sperm Cells, Hepatocytes), By Country and Growth Forecast, 2023 - 2030

North America Cell Cryopreservation Market Size, Share & Industry Trends Analysis Report By Component, By End-use, By Application (Stem Cells, Oocytes & Embryotic cells, Sperm Cells, Hepatocytes), By Country and Growth Forecast, 2023 - 2030


The North America Cell Cryopreservation Market would witness market growth of 19.5% CAGR during the forecast period (2023-2030).

The capacity of ready-to-use media to decrease the development of ice crystals while cryopreserving live cells led to its increasing adoption among the research community. Furthermore, the rising popularity of cell-based drugs has resulted in massive investments from manufacturers to develop sophisticated biopharmaceuticals for severe medical conditions, which will propel the demand for cryopreservation and further boost market growth. The versatility, ready-to-use, and inexpensive cost of these media over traditional freezing processes have resulted in widespread adoption among end-users.

Traditional freezing techniques necessitate liquid nitrogen, which has significant safety concerns. Other disadvantages of nitrogen use include the potential of cross-contamination, high operating costs, and the risk of asphyxiation due to the displacement of atmospheric oxygen. As a result, the use of ready-to-use freezing media has grown in recent years, which further boosts the market. Additionally, developments in freezing media formulation and cryopreservation techniques, as well as leveraging cryopreservation freezing media applications in fields such as tissue engineering, cellular treatment, and stem cell research, have driven the market substantially. Favorable government regulations for regenerative medicine & cell-based research are expected to boost the market further.

According to Statistics Canada, in 2020, the R&D pharmaceutical sector contributed $15.9 billion to the Canadian economy in gross value added, an increase of 5.8% from the $15.0 billion generated in 2019. The growing R&D activities in the pharmaceutical sector in Canada can contribute significantly to expanding the market. Pharmaceutical research and development rely on preserving cells, tissues, and biological materials for various applications, including drug discovery, clinical trials, and personalized medicine. The aforementioned factors will drive the market’s growth in this region.

The US market dominated the North America Cell Cryopreservation Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $9,015 million by 2030. The Canada market is registering a CAGR of 22.2% during (2023 - 2030). Additionally, The Mexico market would showcase a CAGR of 21.1% during (2023 - 2030).

Based on Component, the market is segmented into Consumables (Cryogenic Vials, Cryogenic Tubes, Cooler Boxes/Containers, and Others), Cell Freezing Media (Dimethyl Sulfoxide, Ethylene Glycol, Glycerol & Others), and Equipment (Freezers, Incubators, and Liquid Nitrogen Supply Tanks). Based on End-use, the market is segmented into IVF clinics, Biopharmaceutical & Pharmaceutical Companies, Biobanks, Research Institutes, and Others. Based on Application, the market is segmented into Stem Cells, Oocytes & Embryotic cells, Sperm Cells, Hepatocytes, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Merck KGaA, Thermo Fisher Scientific, Inc., Sartorius AG, PromoCell GmbH, Lonza Group Ltd., HiMedia Laboratories Pvt. Ltd., Corning Incorporated, BioLife Solutions, Inc., Eppendorf SE and Danaher Corporation.

Scope of the Study

Market Segments covered in the Report:

By Component
  • Consumables
  • Cryogenic Vials
  • Cryogenic Tubes
  • Cooler Boxes/Containers
  • Others
  • Cell Freezing Media
  • Dimethyl Sulfoxide
  • Ethylene Glycol
  • Glycerol & Others
  • Equipment
  • Freezers
  • Incubators
  • Liquid Nitrogen Supply Tanks
By End-use
  • IVF clinics
  • Biopharmaceutical & Pharmaceutical Companies
  • Biobanks
  • Research Institutes
  • Others
By Application
  • Stem Cells
  • Oocytes & Embryotic cells
  • Sperm Cells
  • Hepatocytes
  • Others
By Country
  • US
  • Canada
  • Mexico
  • Rest of North America
Companies Profiled
  • Merck KGaA
  • Thermo Fisher Scientific, Inc.
  • Sartorius AG
  • PromoCell GmbH
  • Lonza Group Ltd.
  • HiMedia Laboratories Pvt. Ltd.
  • Corning Incorporated
  • BioLife Solutions, Inc.
  • Eppendorf SE
  • Danaher Corporation
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cell Cryopreservation Market, by Component
1.4.2 North America Cell Cryopreservation Market, by End-use
1.4.3 North America Cell Cryopreservation Market, by Application
1.4.4 North America Cell Cryopreservation Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
Chapter 4. Competition Analysis - Global
4.1 KBV Cardinal Matrix
4.2 Recent Industry Wide Strategic Developments
4.2.1 Partnerships, Collaborations and Agreements
4.2.2 Product Launches and Product Expansions
4.2.3 Acquisition and Mergers
4.2.4 Geographical Expansion
4.3 Top Winning Strategies
4.3.1 Key Leading Strategies: Percentage Distribution (2019-2023)
4.3.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, May – 2023, Aug) Leading Players
4.4 Porter’s Five Force Analysis
Chapter 5. North America Cell Cryopreservation Market by Component
5.1 North America Consumables Market by Country
5.2 North America Cell Cryopreservation Market by Consumables Type
5.2.1 North America Cryogenic Vials Market by Country
5.2.2 North America Cryogenic Tubes Market by Country
5.2.3 North America Cooler Boxes/Containers Market by Country
5.2.4 North America Others Market by Country
5.3 North America Cell Freezing Media Market by Country
5.4 North America Cell Cryopreservation Market by Cell Freezing Media Type
5.4.1 North America Dimethyl Sulfoxide Market by Country
5.4.2 North America Ethylene Glycol Market by Country
5.4.3 North America Glycerol & Others Market by Country
5.5 North America Equipment Market by Country
5.6 North America Cell Cryopreservation Market by Equipment Type
5.6.1 North America Freezers Market by Country
5.6.2 North America Incubators Market by Country
5.6.3 North America Liquid Nitrogen Supply Tanks Market by Country
Chapter 6. North America Cell Cryopreservation Market by End-use
6.1 North America IVF clinics Market by Country
6.2 North America Biopharmaceutical & Pharmaceutical Companies Market by Country
6.3 North America Biobanks Market by Country
6.4 North America Research Institutes Market by Country
6.5 North America Others Market by Country
Chapter 7. North America Cell Cryopreservation Market by Application
7.1 North America Stem Cells Market by Country
7.2 North America Oocytes & Embryotic cells Market by Country
7.3 North America Sperm Cells Market by Country
7.4 North America Hepatocytes Market by Country
7.5 North America Others Market by Country
Chapter 8. North America Cell Cryopreservation Market by Country
8.1 US Cell Cryopreservation Market
8.1.1 US Cell Cryopreservation Market by Component
8.1.1.1 US Cell Cryopreservation Market by Consumables Type
8.1.1.2 US Cell Cryopreservation Market by Cell Freezing Media Type
8.1.1.3 US Cell Cryopreservation Market by Equipment Type
8.1.2 US Cell Cryopreservation Market by End-use
8.1.3 US Cell Cryopreservation Market by Application
8.2 Canada Cell Cryopreservation Market
8.2.1 Canada Cell Cryopreservation Market by Component
8.2.1.1 Canada Cell Cryopreservation Market by Consumables Type
8.2.1.2 Canada Cell Cryopreservation Market by Cell Freezing Media Type
8.2.1.3 Canada Cell Cryopreservation Market by Equipment Type
8.2.2 Canada Cell Cryopreservation Market by End-use
8.2.3 Canada Cell Cryopreservation Market by Application
8.3 Mexico Cell Cryopreservation Market
8.3.1 Mexico Cell Cryopreservation Market by Component
8.3.1.1 Mexico Cell Cryopreservation Market by Consumables Type
8.3.1.2 Mexico Cell Cryopreservation Market by Cell Freezing Media Type
8.3.1.3 Mexico Cell Cryopreservation Market by Equipment Type
8.3.2 Mexico Cell Cryopreservation Market by End-use
8.3.3 Mexico Cell Cryopreservation Market by Application
8.4 Rest of North America Cell Cryopreservation Market
8.4.1 Rest of North America Cell Cryopreservation Market by Component
8.4.1.1 Rest of North America Cell Cryopreservation Market by Consumables Type
8.4.1.2 Rest of North America Cell Cryopreservation Market by Cell Freezing Media Type
8.4.1.3 Rest of North America Cell Cryopreservation Market by Equipment Type
8.4.2 Rest of North America Cell Cryopreservation Market by End-use
8.4.3 Rest of North America Cell Cryopreservation Market by Application
Chapter 9. Company Profiles
9.1 Merck KGaA
9.1.1 Company Overview
9.1.2 Financial Analysis
9.1.3 Segmental and Regional Analysis
9.1.4 Research & Development Expense
9.1.5 SWOT Analysis
9.2 Thermo Fisher Scientific, Inc.
9.2.1 Company Overview
9.2.2 Financial Analysis
9.2.3 Segmental and Regional Analysis
9.2.4 Research & Development Expenses
9.2.5 Recent strategies and developments:
9.2.5.1 Product Launches and Product Expansions:
9.2.6 SWOT Analysis
9.3 Sartorius AG
9.3.1 Company Overview
9.3.2 Financial Analysis
9.3.3 Segmental and Regional Analysis
9.3.4 Research & Development Expenses
9.3.5 Recent strategies and developments:
9.3.5.1 Partnerships, Collaborations, and Agreements:
9.3.5.2 Product Launches and Product Expansions:
9.3.5.3 Acquisition and Mergers:
9.3.5.4 Geographical Expansions:
9.3.6 SWOT Analysis
9.4 PromoCell GmbH
9.4.1 Company Overview
9.4.2 SWOT Analysis
9.5 Lonza Group Ltd.
9.5.1 Company Overview
9.5.2 Financial Analysis
9.5.3 Segmental and Regional Analysis
9.5.4 Research & Development Expenses
9.5.5 Recent strategies and developments:
9.5.5.1 Partnerships, Collaborations, and Agreements:
9.5.5.2 Product Launches and Product Expansions:
9.5.6 SWOT Analysis
9.6 HiMedia Laboratories Pvt. Ltd.
9.6.1 Company Overview
9.6.2 SWOT Analysis
9.7 Corning Incorporated
9.7.1 Company Overview
9.7.2 Financial Analysis
9.7.3 Segmental and Regional Analysis
9.7.4 Research & Development Expenses
9.7.5 SWOT Analysis
9.8 BioLife Solutions, Inc.
9.8.1 Company Overview
9.8.2 Financial Analysis
9.8.3 Regional Analysis
9.8.4 Research & Development Expenses
9.8.5 Recent strategies and developments:
9.8.5.1 Product Launches and Product Expansions:
9.8.5.2 Acquisition and Mergers:
9.8.6 SWOT Analysis
9.9 Eppendorf SE
9.9.1 Company Overview
9.9.2 Financial Analysis
9.9.3 Segmental and Regional Analysis
9.9.4 Research & Development Expenses
9.9.5 Recent strategies and developments:
9.9.5.1 Acquisition and Mergers:
9.9.6 SWOT Analysis
9.10. Danaher Corporation
9.10.1 Company Overview
9.10.2 Financial Analysis
9.10.3 Segmental and Regional Analysis
9.10.4 Research & Development Expense
9.10.5 SWOT Analysis

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