With the emergence and long-term Impact of COVID-19, Global Cell Freezing Media Market to reach USD 292.3 million by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Cell Freezing Media Market points towards a potential rise to USD 292.3 million by 2030. The Cell Freezing Media Market refers to biotechnology industry that focuses on the production, distribution, and utilization of specialized solutions and media used for the cryopreservation and freezing of cells to maintain their viability and functionality for future use in research, diagnostics, and therapeutic applications. The Cell Freezing Media Market is driven by factors such as growing prevalence of chronic diseases & genetic disorders and increasing R&D spending by biopharmaceutical and biotechnology companies.
Geographically, the global Cell Freezing Media market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). North America dominated the market in 2022 owing to the presence of advanced healthcare infrastructure, developed economies, presence of key players and established supply channels. Asia Pacific is considered as the fastest growing region during the forecasted period due to growing awareness and adoption of Cell-Based Therapies and growing investments in life sciences and biotechnology.
The global Cell Freezing Media market is highly competitive owing to the presence of several key players such as Thermo Fisher Scientific, Inc. Merck KGaA Sartorius AG BioLife Solutions, Inc. HiMedia Laboratories PromoCell GmbH, Capricorn Scientific Cell Applications, Inc. STEMCELL Technologies. BPS Bioscience, Inc, and others.
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Global Cell Freezing Media Market Size study & Forecast, by Product (DMSO, Glycerol) by Application (Stem Cell lines, Cancer Cell Lines, Others), by End Use (Pharmaceutical and Biotechnological Companies, Research & Academic Institutes, Others), and Regional Analysis, 2023-2030
Key findings of the study suggest:
- Global Cell Freezing Media Market is anticipated to grow with a healthy growth rate of more than 9.62% over the forecast period 2023-2030.
- In the Product segment, DMSO emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to presence of advanced healthcare infrastructure in the region.
- Asia Pacific is expected to grow at higher rate owing to growing adoption of Cell-Based Therapies in the region.
Bizwit Research & Consulting has considered following segments for the study:
- Stem Cell lines
- Cancer Cell Lines
By End Use:
- Pharmaceutical and Biotechnological Companies
- Research & Academic Institutes
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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