Cell Cryopreservation Market (By Product: Cell Freezing Media, Equipment; By Application: Stem Cells, Sperm Cells; By End-use: Biobanks, IVF) - Global Industry Analysis, Size, Share, Growth, Trends, Revenue, Regional Outlook and Forecast 2024-2033

The global cell cryopreservation market size was estimated at around USD 9.47 billion in 2023 and it is projected to hit around USD 63.97 billion by 2033, growing at a CAGR of 21.05% from 2024 to 2033. The global cell cryopreservation market has witnessed substantial growth in recent years, driven by several factors. One of the primary drivers is the increasing prevalence of chronic diseases and the growing need for effective treatments. Cryopreserved cells serve as a valuable resource for developing therapies tailored to individual patients, leading to a surge in demand from pharmaceutical companies and healthcare institutions.

Key Pointers

• North America region dominated the market with the largest market share of 41% in 2023.
• Asia Pacific is expected to grow at the remarkable CAGR of 22.07% between 2024 to 2033.
• By Product, the consumables segment generated the maximum market share of 41% in 2023.
• By Product, the freezing media segment is anticipated to grow at the fastest CAGR of 23.05% from 2024 to 2033.
• By Application, the stem cell application segment contributed the highest market share of 36% in 2023.
• By Application, the oocytes and embryotic cells segment is expected to grow at the fastest CAGR of 24.06% from 2024 to 2033.
• By End-use, the IVF clinics segment captured the maximum market share of 39% in 2023.
• By End-use, the Biobanks segment is expected to expand at the highest CAGR of 24.08% between 2024 to 2033.

Cell Cryopreservation Market Overview 

Cell cryopreservation, a cutting-edge technology in the field of biotechnology, involves the preservation of cells at extremely low temperatures to maintain their viability and functionality. This process has gained widespread importance in various sectors, including regenerative medicine, stem cell research, and cell-based therapies, owing to its ability to store cells for extended periods without compromising their integrity.

Cell Cryopreservation Market Growth 

The cell cryopreservation market is experiencing robust growth due to several key factors. First and foremost, the escalating demand for personalized medicine and advanced therapies has fueled the need for cryopreserved cells, especially in treatments tailored to individual patients. Additionally, the increasing prevalence of chronic diseases has spurred research activities, driving the demand for cryopreserved cells in drug development and medical research. Technological advancements in cryopreservation techniques, ensuring the preservation of cell integrity, have further propelled market growth. Moreover, collaborative efforts between research institutions and pharmaceutical companies have led to innovative applications of cryopreserved cells, expanding the market's reach.

Report Scope of the Cell Cryopreservation Market

Cell Cryopreservation Market Dynamics

Drivers

• Increasing Investments in Biobanking Infrastructure: The healthcare industry's focus on biobanking infrastructure development has provided a significant boost to the cell cryopreservation market. Biobanks store a diverse range of cryopreserved cells, ensuring a constant supply for research, therapy, and drug development purposes.
• Expanding Applications in Research and Drug Development: Cryopreserved cells play a vital role in various research applications and drug development processes. Their long-term viability allows scientists and researchers to conduct extensive experiments, leading to innovative drug discoveries and advancements in medical science.

Restraints

• High Costs of Cryopreservation Technologies: The implementation of advanced cryopreservation technologies requires substantial investment in specialized equipment and infrastructure. The high initial costs associated with these technologies create financial barriers for smaller research institutions and healthcare facilities, limiting their access to state-of-the-art cryopreservation methods.
• Limited Availability of Cryopreserved Cells: Sourcing an adequate supply of high-quality cryopreserved cells can be challenging. The availability of specific cell types, especially rare or specialized cells, may be limited, hampering research and therapeutic developments in specific areas of study.

Opportunities

• Emerging Applications in Cell-Based Therapies: The expanding landscape of cell-based therapies, including immunotherapies and gene therapies, presents significant opportunities for cryopreserved cells. Research into novel treatments and personalized therapies fuels the demand for diverse cell types, driving market growth.
• Biobanking Expansion and Data Utilization: The growth of biobanking facilities worldwide provides a platform for storing diverse cryopreserved cells. Additionally, the utilization of big data and artificial intelligence in biobanking operations creates opportunities for analyzing vast datasets, leading to valuable insights for medical research and drug discovery.

Product Insights

The consumables segment held 41% of the global revenue share in 2023. Consumables encompass a wide range of products essential for the cryopreservation process, including cryovials, cryobags, and cryoboxes. These consumables are designed to maintain a sterile and controlled environment for cells during freezing and storage. They are instrumental in ensuring the integrity of cells, protecting them from contamination, and facilitating organized storage within biobanks and research facilities.

The freezing media segment is expected to grow at the fastest CAGR of 23.05% during the forecast period. Cell freezing media, on the other hand, are specialized solutions formulated to protect cells from damage during the freezing process. These media contain cryoprotective agents that prevent the formation of ice crystals within cells, a phenomenon that can lead to cell damage. By carefully controlling the freezing rate and minimizing intracellular ice formation, cell freezing media preserve the structural and functional properties of cells. Researchers and healthcare professionals rely on these media to maintain the viability of cells intended for future use, whether in research studies or clinical applications.

Application Insights

The stem cell application segment contributed the largest market share of 36% in 2023. Stem cells, renowned for their unique ability to differentiate into various cell types, hold immense promise in the fields of regenerative medicine, tissue engineering, and therapeutic interventions. Cryopreservation ensures the preservation of these versatile cells, enabling researchers and clinicians to harness their potential for a myriad of applications. Stem cell cryopreservation finds extensive use in treatments for degenerative diseases, such as Parkinson's and Alzheimer's, as well as in bone marrow and hematopoietic stem cell transplantation. This method not only facilitates the long-term storage of stem cells but also provides a valuable resource for experimental research and clinical trials, driving advancements in medical science.

Oocytes and embryotic cells segment is anticipated to grow at the noteworthy CAGR of 24.06% during the forecast period. The cryopreservation of oocytes and embryonic cells has revolutionized fertility treatments and family planning. Oocytes, or egg cells, are vital components in assisted reproductive technologies, allowing individuals and couples to preserve their fertility potential. Cryopreservation of oocytes offers women the flexibility to pursue education, career goals, or medical treatments without worrying about their biological clock. Additionally, embryonic cells, crucial in in vitro fertilization (IVF) procedures, are cryopreserved to enhance the success rates of fertility treatments. This method provides couples struggling with infertility the opportunity to store viable embryos for future implantation, increasing their chances of achieving a successful pregnancy and fulfilling their dreams of parenthood.

End-use Insights

IVF clinics segment led the global market with the largest market share of 39% in 2023. accounting for the largest proportion of the market. IVF clinics, at the forefront of reproductive medicine, rely heavily on cryopreservation techniques to preserve oocytes, sperm, and embryos. Cryopreserved reproductive cells offer a lifeline to individuals and couples struggling with infertility, providing them with the opportunity to plan their families and overcome biological barriers to conception. IVF clinics use cryopreserved cells in various assisted reproductive technologies, enhancing the success rates of fertility treatments and increasing the chances of achieving pregnancy. By preserving reproductive cells, IVF clinics empower patients to make informed decisions about their reproductive futures, fostering hope and enabling countless individuals to experience the joys of parenthood.

Biobanks segment is expected to expand at the highest CAGR of 24.08% during the forecast period. Biobanks play a crucial role in scientific research, drug discovery, and medical advancements. These repositories of biological samples, including cryopreserved cells, serve as valuable reservoirs for researchers studying genetic diseases, cancer, and various medical conditions. Biobanks provide a diverse range of cryopreserved cells to scientists and clinicians, enabling them to conduct experiments, develop novel therapies, and gain insights into complex diseases. Additionally, biobanks contribute significantly to personalized medicine by storing cryopreserved cells for individual patients, ensuring a readily available source of cells tailored to specific genetic profiles. This personalized approach revolutionizes the treatment landscape, allowing for targeted therapies and precision medicine interventions.

Regional Insights

North America accounted for the largest market share of 41% in 2023. North America stands as a key player, driven by advanced healthcare infrastructure, extensive research and development activities, and a high prevalence of chronic diseases. The presence of leading biotechnology and pharmaceutical companies in this region fuels innovation in cryopreservation techniques, fostering the market's expansion. Additionally, stringent regulatory frameworks and a focus on ethical practices ensure the responsible use of cryopreserved cells, bolstering market growth.

Asia Pacific is predicted to grow at the remarkable CAGR of 22.07% during the forecast period. Asia-Pacific emerges as a rapidly growing market for cell cryopreservation, propelled by increasing investments in healthcare infrastructure, rising awareness about advanced medical treatments, and a burgeoning population. Countries like China, India, and Japan witness a surge in demand for cryopreserved cells due to the growing prevalence of chronic diseases and an expanding aging population. Moreover, a booming medical tourism industry in countries like Thailand and Singapore contributes to the uptake of cryopreservation services. The region's focus on affordable healthcare solutions and research collaborations with global partners positions Asia-Pacific as a significant player in the cell cryopreservation market.

Cell Cryopreservation Market Key Companies

• Thermo Fisher Scientific Inc.
• Merck KGaA
• Sartorius AG
• PromoCell GmbH
• Lonza
• HiMedia Laboratories
• Creative Biolabs
• Corning Incorporated
• BioLife Solutions Inc.

Cell Cryopreservation Market Report Segmentations:

By Product

• Cell Freezing Media
  • Ethylene Glycol
  • Dimethyl Sulfoxide
  • Glycerol
  • Others
• Equipment
  • Freezers
  • Incubators
  • Liquid Nitrogen Supply Tanks
• Consumables
  • Cryogenic Vials
  • Cryogenic Tubes
  • Cooler Boxes/Containers
  • Others

By Application

• Stem Cells
• Oocytes and Embryotic cells
• Sperm Cells
• Hepatocytes
• Others

By End-use

• Biopharmaceutical & Pharmaceutical Companies
• Research Institutes
• Biobanks
• IVF Clinics
• Others

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa