Cell Freezing Media Market Size, Share & Industry Analysis, By Product Type (With DMSO, With Glycerol, Others), By End User (Pharmaceuticals & Biotechnology Companies, Research Institutes, Others) and regional Forecast, 2024-2032

Cryopreservation of the cells is an important aspect pertaining to the storage of cells for future use. Cryopreservation is a procedure were cell lines are frozen with the help of freezing media. The media helps to prevent ice crystal formation of the cells and maintains the cells viability. Freezing media is commonly used by pharmaceutical companies as well as research institutes to preserve cells in the liquid nitrogen tank. Demand for these media is higher owing to robust research activities globally for the development of drugs and therapies for better disease treatment. Therefore, increasing need for effective therapies and drugs coupled growing research practices is likely to drive the global market growth of cell freezing media during 2020-2027.

The major factor driving the global cell freezing media market is the rising investments in the pharmaceutical and biotechnology industries for drug development and various other applications. Also, availability of advanced products is likely to increase the demand and sales of the product.

On the flip side, high maintenance cost of the media storage is likely to hamper the market growth. Additionally, lesser adoption in the lower economies is anticipated to decline the market growth during the forecast period.

Market Segmentation:

By product type, the global cell freezing media market is segmented into with DMSO, with glycerol, and others. Based on end user, the market is classified as pharmaceutical & biotechnology companies, research institutes, and others.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Key Players Covered:

The major companies in the global cell freezing media market report includes Thermo Fischer Scientific, Bio-Rad Laboratories Inc., Abcam plc, Merck KGaA, BioLifeSolutions Inc, HiMedia Laboratories, AMSBIO, BIOGENUIX MEDSYSTEMS PVT.LTD, and Others.

Key Insights

• Technological Advancements in the Cell Freezing Media Market


• Overview of the importance of Cell Freezing Media


• Snapshot of Disruption of Supply Chain Amid the Pandemic


• COVID-19 Impact on the Global Cell Freezing Media Market


• Key Industry Developments – Mergers, Acquisitions, and Partnerships

Regional Analysis:

The global cell freezing media market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global market in 2019, owing to the increased sales of the products by companies for R&D practices in the countries. Additionally, rising government investment to boost R&D is also the factor propelling the market growth. Awareness among the research professionals about the importance of preservation of cell types is the major factor leading to an increased sales and demand of the cell freezing media in the Asia Pacific countries. This coupled with growing mergers and acquisitions between industry players is likely to promote the sales of the products in countries like China, India, and other countries. Latin America is projected to register a comparatively higher CAGR by the end of the forecast period owing to higher investments in the R&D sector for various applications. On the other hand, Middle East & Africa is likely to witness a slower growth due to lack of penetration of the advanced products.

Segmentation

Cell Freezing Media Industry Developments

• In October 2019, BioLifeSolutions Inc announced that the company was awarded with three patents for inventions in cryopreservation, thawing, and cold chain transport.


• In March 2018, BioLifeSolutions Inc. announced that its cGMP CryoStor cell freezing media was reported in the journal Laboratory Investigation.