Dublin, Jan. 23, 2024 (GLOBE NEWSWIRE) -- The "Cell Cryopreservation Market Size, Share & Trends Analysis, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
This comprehensive analysis highlighting pivotal market trends within the cell cryopreservation sector forecasts significant growth, predicting the market size to potentially reach USD 35.03 billion by 2030, with an impressive CAGR of 21.01%.
Emerging Trends Drive Robust Market Expansion
The demand for cell cryopreservation is being propelled by a suite of emerging trends that include a spike in cell-based therapy applications, advancements in cryopreservation media, and a surge in stem cell research initiatives. With a spotlight on the consumables sector, which is anticipated to maintain a dominant position in the market, the increased usage of ready-to-freeze media is one of the key growth stimulants.
Application Insights Lead Market Insights
In terms of application, stem cells are capturing a prominent share of the market as cutting-edge therapies emerge from ongoing research. The necessity for long-term preservation of sperm cells, essential for addressing rising infertility rates, is another area contributing to the upward trend in the market.
Regional Market Performances Outlined
The report includes detailed regional analyses, with North America emerging as the market frontrunner due to a robust healthcare cost structure and the presence of key industry players. The escalating healthcare demands paired with advancements in biotechnology in this region are facilitating greater market growth and innovation.
- Impact of Chronic Diseases and Cell Therapy Emphasized
- Advancements in Freezing Media Formulations Noted
- Regenerative Medicine and Government Regulations Considered Key Market Catalysts
The report delves into various factors contributing to market growth, such as the intricate dynamics between chronic disease prevalence and the emerging significance of cell therapy. The transformative impact of regenerative medicine and supportive government initiatives also play an influential role in propelling the market forward.
Findings reveal that the steady growth of the market is underpinned by both the rise in demand for advanced cell cryopreservation solutions and strategic industry advancements. This underscores a collective stride toward more efficient, safer, and cost-effective cryopreservation techniques that promise to revolutionize biobanking, in vitro fertilization (IVF), and other end-use scenarios.
Key Market Segments Highlighted
Deep analysis of product categories and applications illuminates the consumables segment's contribution to market size, with an expansive use case spanning across varied applications. Equipment advancements are also a pivotal area reflected within report insights.
Companies Mentioned
- Thermo Fisher Scientific Inc.
- PromoCell GmbH
- Merck KGaA
- Sartorius AG
- Lonza
- Corning Incorporated
- Creative Biolabs
- BioLife Solutions Inc.
- Danaher
- HiMedia Laboratories
For more information about this report visit https://www.researchandmarkets.com/r/zfgd72
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