Cryopreservation Media Market

Global Cryopreservation Media Market by Type (Serum-free, With serum), End-user (Pharmaceutical & Biotechnology Companies, Academic & Research Institutes, Cell Banks, and Others), and Regions (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA))

  • Report ID: HC-2580
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 1
  • No. Of Pages: 186
  • Format:
  • Pub. Date: 17-02-2021
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Market Outlook:

The global cryopreservation media market was valued at USD 1,465.4 Mn in 2020 and is expected to reach USD 3,650.4 Mn by 2028, expanding at a CAGR of 12.3% during the forecast period. Cryopreservation is a process in which tissues, organs, or cells are cooled and stored at low temperatures for maintaining their viability. These biological specimens are cryopreserved at the temperature of liquid nitrogen (-196°C). Cryopreservation is largely used for protecting cells from physical stress, along with reducing the cell death development. The market in North America and Europe are projected to grow, due to increasing research activities.

Cryopreservation Media Market Key Takeaways

Market Dynamics

Rising government initiatives in the research sector of the pharmaceutical and biopharmaceutical segment is anticipated to propel cryopreservation media market. Cell freezing benefit for saving the development of drugs is fueling the market. Governments of several countries are spending huge amount in the development of the biotechnological sector, which is expected to drive the cryopreservation media market. Many countries are taking different initiatives for generating awareness about stem cell preservation among people, leading to the growth of the market.

Development in cell therapy is projected to fuel the market. Genetically engineered cell lines are developed by using insect media for developing therapeutically valuable recombinant proteins. Major market players are increasing their expenditure in the research and development sector for the purpose of development of innovative methods and novel products, which is expected to propel the market in the coming years.

There are some regulations when dealing with freezing cells, particularly in the clinical space. The industry is struggling with tighter regulations. The regulations are strict while freezing cells which are for the purpose of human use. There are some solutions which are offered by commercial media. For the clinical saless, Drug Master File (DMF), is the highest regulatory documents which is used. Biological Master File (BMF) is the other regulatory document which is used in freezing cells.

Regulatory approval is the large issue faced by the several companies. The regulatory approval process cryopreservation is still evolving, as regulatory bodies such as EMS in Europe and FDA in the U.S. gain experience of these drugs and get more response about what work well. New guidelines and terminologies are targeting and supporting the process of advanced therapies and development of novel products. Research and development in the North America is growing at fast rate, with the clinical development and advancement in methods. CBER gives proactive scientific and regulatory advice to manufacturers and medical researchers in the development of novel products.

Segmental Outlook

By Type

On the basis of types, the market is bifurcated into serum-free and with serum. The serum-free segment is anticipated to hold a significant share of the market during the forecast period, owing to the consistent performance, increased productivity, and enhanced detection of cellular mediators. The serum-free segment is anticipated to expand at a CAGR of 14.4% during the forecast period. The serum-free media removes the risk of contamination at the time of experiments, due to which it becomes preferred medium of cell culture. The with-serum segment is projected to increase at a rapid CAGR, owing to the property of serum to bind components with each other.

Cryopreservation Media Market By Types

By End-user

Based on end-user, the market is categorized into pharmaceutical & biotechnology companies, academic & research institutes, cell banks, and others. The academic & research institutes segment is projected to account for a significant share of the market during the forecast period, due to rising focus on research and development of new products. The academic & research institutes segment is anticipated to expand at a CAGR of 12.8% during the forecast period. The pharmaceutical & biotechnology companies segment is projected to account for a significant share of the market during the forecast period, due to rising government initiatives for research in pharmaceutical & biotechnology sector. The cell banks segment is anticipated to grow at substantial CAGR during the forecast period. This growth may be attributed to the increasing sales of cryopreservation media in the preservation of fine structures of cells.

Cryopreservation Media Market By End Users

Region Wise Outlook

On the basis of regions, the market is categorized as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa (MEA). North America is anticipated to hold the largest market share, as research activities in the region are increasing along with development in the healthcare infrastructure. Rapid growth of cell therapies and adoption of regenerative medicines in the region are expected to boost the regional market. The market in Europe is expected to account for rapid growth, owing to novel drug developments in the region. Increasing research activities in the region are projected to drive the regional market over the forecast period.

Cryopreservation Media Market By Regions

Key Benefits for Industry Participants & Stakeholders

  • In-Depth Analysis of the Cryopreservation Media Market.
  • Historical, Current and Projected Market Size in Terms of Value.
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on From Cryopreservation Media Market Performance

Segments

Key Segments Covered
By Type
  • Serum-free
  • With serum
By End-user
  • Pharmaceutical & biotechnology companies
  • Academic & research institutes
  • Cell Banks
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)
Key Market Players Profiled in the Report
  • BioLife Solutions
  • Bio-Techne
  • Corning Incorporated
  • Cytiva
  • Lonza
  • Merck KGaA
  • NIPPON Genetics Europe
  • STEMCELL Technologies Inc.
  • Thermo Fisher Scientific Inc.
  • ZENOGEN PHARMA CO., LTD.
  • Sartorius AG

Competitive Landscape

  • Key players in the cryopreservation media market are BioLife Solutions, Bio-Techne, Corning Incorporated, Cytiva, Lonza, Merck KGaA, NIPPON Genetics Europe, STEMCELL Technologies Inc., Thermo Fisher Scientific Inc., ZENOGEN PHARMA CO., LTD., Sartorius AG, among others.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for cryopreservation media. For instance, BioLife Solutions announced the acquisition of US-based life science research & development company, Astero Bio Corporation. With this acquisition, the company intends to expand its product offerings in cell and gene therapy tools.

Video Summary for Cryopreservation Media Market

Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cryopreservation Media Market Overview
   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Cryopreservation Media Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Cryopreservation Media Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Cryopreservation Media Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Cryopreservation Media Market Size & Forecast, 2018-2028
      4.5.1 Cryopreservation Media Market Size and Y-o-Y Growth
      4.5.2 Cryopreservation Media Market Absolute $ Opportunity
   4.6 Global Cryopreservation Media Market: Impact Of Key Regulations
Chapter 5 Global Cryopreservation Media Market Analysis and Forecast By Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities By Type
      5.1.2 Basis Point Share (BPS) Analysis By Type
      5.1.3 Absolute $ Opportunity Assessment By Type
   5.2 Cryopreservation Media Market Size Forecast By Type
      5.2.1 Serum-Free
      5.2.2 With Serum
   5.3 Market Attractiveness Analysis By Type
Chapter 6 Global Cryopreservation Media Market Analysis and Forecast By End-user
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities By End-user
      6.1.2 Basis Point Share (BPS) Analysis By End-user
      6.1.3 Absolute $ Opportunity Assessment By End-user
   6.2 Cryopreservation Media Market Size Forecast By End-user
      6.2.1 Academic & Research Institutes
      6.2.2 Pharmaceutical & Biotechnology Companies
      6.2.3 Cell Bank
      6.2.4 Others
   6.3 Market Attractiveness Analysis By End-user
Chapter 7 Global Cryopreservation Media Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Cryopreservation Media Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario
Chapter 9 North America Cryopreservation Media Analysis and Forecast
   9.1 Introduction
   9.2 North America Cryopreservation Media Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Cryopreservation Media Market Size Forecast By Type
      9.6.1 Serum-Free
      9.6.2 With Serum
   9.7 Basis Point Share (BPS) Analysis By Type
   9.8 Absolute $ Opportunity Assessment By Type
   9.9 Market Attractiveness Analysis By Type
   9.10 North America Cryopreservation Media Market Size Forecast By End-user
      9.10.1 Academic & Research Institutes
      9.10.2 Pharmaceutical & Biotechnology Companies
      9.10.3 Cell Bank
      9.10.4 Others
   9.11 Basis Point Share (BPS) Analysis By End-user
   9.12 Absolute $ Opportunity Assessment By End-user
   9.13 Market Attractiveness Analysis By End-user
Chapter 10 Europe Cryopreservation Media Analysis and Forecast
   10.1 Introduction
   10.2 Europe Cryopreservation Media Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Cryopreservation Media Market Size Forecast By Type
      10.6.1 Serum-Free
      10.6.2 With Serum
   10.7 Basis Point Share (BPS) Analysis By Type
   10.8 Absolute $ Opportunity Assessment By Type
   10.9 Market Attractiveness Analysis By Type
   10.10 Europe Cryopreservation Media Market Size Forecast By End-user
      10.10.1 Academic & Research Institutes
      10.10.2 Pharmaceutical & Biotechnology Companies
      10.10.3 Cell Bank
      10.10.4 Others
   10.11 Basis Point Share (BPS) Analysis By End-user
   10.12 Absolute $ Opportunity Assessment By End-user
   10.13 Market Attractiveness Analysis By End-user
Chapter 11 Asia Pacific Cryopreservation Media Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Cryopreservation Media Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 South East Asia (SEA)
      11.2.7 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Cryopreservation Media Market Size Forecast By Type
      11.6.1 Serum-Free
      11.6.2 With Serum
   11.7 Basis Point Share (BPS) Analysis By Type
   11.8 Absolute $ Opportunity Assessment By Type
   11.9 Market Attractiveness Analysis By Type
   11.10 Asia Pacific Cryopreservation Media Market Size Forecast By End-user
      11.10.1 Academic & Research Institutes
      11.10.2 Pharmaceutical & Biotechnology Companies
      11.10.3 Cell Bank
      11.10.4 Others
   11.11 Basis Point Share (BPS) Analysis By End-user
   11.12 Absolute $ Opportunity Assessment By End-user
   11.13 Market Attractiveness Analysis By End-user
Chapter 12 Latin America Cryopreservation Media Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Cryopreservation Media Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Cryopreservation Media Market Size Forecast By Type
      12.6.1 Serum-Free
      12.6.2 With Serum
   12.7 Basis Point Share (BPS) Analysis By Type
   12.8 Absolute $ Opportunity Assessment By Type
   12.9 Market Attractiveness Analysis By Type
   12.10 Latin America Cryopreservation Media Market Size Forecast By End-user
      12.10.1 Academic & Research Institutes
      12.10.2 Pharmaceutical & Biotechnology Companies
      12.10.3 Cell Bank
      12.10.4 Others
   12.11 Basis Point Share (BPS) Analysis By End-user
   12.12 Absolute $ Opportunity Assessment By End-user
   12.13 Market Attractiveness Analysis By End-user
Chapter 13 Middle East & Africa (MEA) Cryopreservation Media Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Cryopreservation Media Market Size Forecast by Country
      13.2.1 Saudi Arabia
      13.2.2 South Africa
      13.2.3 UAE
      13.2.4 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Cryopreservation Media Market Size Forecast By Type
      13.6.1 Serum-Free
      13.6.2 With Serum
   13.7 Basis Point Share (BPS) Analysis By Type
   13.8 Absolute $ Opportunity Assessment By Type
   13.9 Market Attractiveness Analysis By Type
   13.10 Middle East & Africa (MEA) Cryopreservation Media Market Size Forecast By End-user
      13.10.1 Academic & Research Institutes
      13.10.2 Pharmaceutical & Biotechnology Companies
      13.10.3 Cell Bank
      13.10.4 Others
   13.11 Basis Point Share (BPS) Analysis By End-user
   13.12 Absolute $ Opportunity Assessment By End-user
   13.13 Market Attractiveness Analysis By End-user
Chapter 14 Competition Landscape
   14.1 Cryopreservation Media Market: Competitive Dashboard
   14.2 Global Cryopreservation Media Market: Market Share Analysis, 2020
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 BioLife Solutions, Inc.
      14.3.2 Bio-Techne
      14.3.3 Corning Incorporated
      14.3.4 Cytiva
      14.3.5 Lonza
      14.3.6 NIPPON Genetics Europe
      14.3.7 STEMCELL Technologies Inc. 
      14.3.8 Merck & Co.
      14.3.9 Thermo Fisher Scientific Inc.
      14.3.10 ZENOGEN PHARMA CO., LTD.
Key Segments Covered
By Type
  • Serum-free
  • With serum
By End-user
  • Pharmaceutical & biotechnology companies
  • Academic & research institutes
  • Cell Banks
  • Others
By Regions
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)
Key Market Players Profiled in the Report
  • BioLife Solutions
  • Bio-Techne
  • Corning Incorporated
  • Cytiva
  • Lonza
  • Merck KGaA
  • NIPPON Genetics Europe
  • STEMCELL Technologies Inc.
  • Thermo Fisher Scientific Inc.
  • ZENOGEN PHARMA CO., LTD.
  • Sartorius AG
  • Key players in the cryopreservation media market are BioLife Solutions, Bio-Techne, Corning Incorporated, Cytiva, Lonza, Merck KGaA, NIPPON Genetics Europe, STEMCELL Technologies Inc., Thermo Fisher Scientific Inc., ZENOGEN PHARMA CO., LTD., Sartorius AG, among others.
  • The players are adopting key strategies such as product development, geographical expansion, mergers and acquisition and many other strategies to cater the increasing demand for cryopreservation media. For instance, BioLife Solutions announced the acquisition of US-based life science research & development company, Astero Bio Corporation. With this acquisition, the company intends to expand its product offerings in cell and gene therapy tools.

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FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers various cryopreservation media market by end-user as pharmaceutical & biotechnology companies, academic & research institutes, cell banks, others.

According to this Growth Market Reports, the market from cryopreservation media market is likely to register a CAGR of 12.3% during period 2020-2027, with an anticipated valuation of USD 3,650.4 million by the end of the 2028.

In addition to market size (in USD Million) and Company Market Share (in % for base year 2019), other data such Macro-economic factors, COVID-19 Impact on the cryopreservation media market is available in final report.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The cryopreservation media market is anticipated to grow significantly during forecast period due increasing development in cell therapy around the world and rising government initiatives for research activities in the pharmaceutical and biopharmaceutical industry

The demand for cryopreservation media from pharmaceutical & biotechnology companies and cell banks is driving the market growth.

The market is expected to witness moderate growth with increase in terms of demand during 2019-2020 owing to the positive impact of COVID-19 pandemic on the cryopreservation media market.

The base year considered for the cryopreservation media market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018 & 2019 are the historic years, and the forecast is provided from 2021 to 2028.

Major Manufactures include Bio-Techne, BioLife Solutions, Corning Incorporated, Thermo Fisher Scientific Inc., STEMCELL Technologies Inc., among others.