Jersey City, NJ, Nov. 30, 2023 (GLOBE NEWSWIRE) -- InsightAce Analytic Pvt. Ltd. announces the release of the market assessment report on “Global Cryopreservation Bags and Freezing Bags Market Size, Share & Trends Analysis Report By Type of Analyte Stored (Blood, Biologics, and Tissues), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East and Africa, and Rest of the World) - Market Outlook And Industry Analysis 2031"
According to the latest research by InsightAce Analytic, the global Cryopreservation Bags and Freezing Bags Market size expected record a promising CAGR of 7.24% during the forecast period of 2023-2031.
Cryopreservation uses cryogenic temperatures to preserve structurally entire living cells and tissues for an extended period. Conventional slow freezing (SF) and rapid freezing are the two cryopreservation methods basically used for storing biological samples. Cryopreservation bags keep biological samples at ultra-low temperatures (below -150 degrees Celsius) or in liquid nitrogen. However, they still possess limitations in terms of long-term durability and robustness.
Cryopreservation extends the shelf life of raw materials and final products. The cryopreservation and freezing bags market is projected to develop over the forecast years due to the rising demand for storage containers that maintain the stored samples' quality, stability, viability, and integrity, the growing demand for cell and gene therapies, and the growing need for biobanking.
Many stakeholders are undertaking initiatives for innovating approaches that boost durability in cryopreservation bags, which is likely to increase the cryopreservation bags and freezing bags market faster during the forecast period.
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Key developments in the market:
- In February 2022, OriGen Biomedical launched the CryoStore FLEX freezing bag, a cryopreservation product for storing blood components. The product has received CE mark clearance that confirms its compliance with specific requirements of the European medical device directives.
- In December 2021, Sartorius partnered with HOF Sonderanlagenbau to enable faster and easier implementation of robust frozen drug substance management platforms through improved validation and purchase support from a single supplier.
- In May 2019, Macopharma launched their dual needle, FDA & NDA-approved cord blood collection bag in the United States.
Some of the prominent players in the Cryopreservation Bags and Freezing Bags Market are:
- American Durafilm
- Biomed Device
- CellBios
- Charter Medical
- Instant Systems
- Macopharma
- OriGen Biomedical
- Sartorius
- Other Prominent Players
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Cryopreservation Bags and Freezing Bags Market Report Scope
| Report Attribute | Specifications |
| Growth Rate CAGR | CAGR of 7.24 % from 2023 to 2031 |
| Quantitative Units | Representation of revenue in US$ Million and CAGR from 2023 to 2031 |
| Historic Year | 2019 to 2022 |
| Forecast Year | 2023-2031 |
| Report Coverage | The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
| Segments Covered | By Type of Analyte Stored |
| Regional Scope | North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
| Country Scope | U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
| Competitive Landscape | American Durafilm, Biomed Device, CellBios, Charter Medical, Instant Systems, Macopharma, OriGen Biomedical, Sartorius, and Others. |
| Customization Scope | Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
| Pricing and Available Payment Methods | Explore pricing alternatives that are customized to your particular study requirements. |
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Market Dynamics:
Drivers:
The cryopreservation bags and freezing bags market is anticipated to grow in the forthcoming years owing to the increasing demand for cryopreservation bags and freezing bags, the rising need for regenerative medicines and biobanking, increasing cell and gene therapy innovations, growing consumer preference for efficient storage, and the increasing R&D activities for developing advanced therapeutic medicinal products. Expanding pharmaceutical and food industries are also expected to support the market growth during the forecast period.
Challenges:
Strict government regulations regarding the usage of plastic storage bags may limit the expansion of the freezing bags market. Though cryopreservation bags effectively preserve biological samples, maintaining long-term durability and robustness is a big challenge in the market.
Regional Trends:
North America held the highest market revenue share in 2022 due to the increasing demand for cryopreservation and freezing bags, rising research investments for developing personalized medicines and therapies, and the growing need for efficient storage containers. On the other hand, the Asia Pacific market is expected to witness lucrative expansion over the forecast period. This development can be attributed to the augmented demand for freezer bags and the presence of pharma and biotech companies in this region.
Market Segments
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Type of Analyte Stored
- Blood
- Biologics
- Tissues
Market Size (Value US$ Mn) & Forecasts and Trend Analyses, 2023 to 2031 based on Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
North America Cryopreservation Bags and Freezing Bags Market Revenue (US$ Million) by Country, 2023 to 2031
- U.S.
- Canada
Europe Cryopreservation Bags and Freezing Bags Market Revenue (US$ Million) by Country, 2023 to 2031
- Germany
- France
- Italy
- Spain
- Russia
- Rest of Europe
Asia Pacific Cryopreservation Bags and Freezing Bags Market Revenue (US$ Million) by Country, 2023 to 2031
- India
- China
- Japan
- South Korea
- Australia & New Zealand
Latin America Cryopreservation Bags and Freezing Bags Market Revenue (US$ Million) by Country, 2023 to 2031
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa Cryopreservation Bags and Freezing Bags Market Revenue (US$ Million) by Country, 2023 to 2031
- GCC Countries
- South Africa
- Rest of Middle East & Africa
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