"Designing Growth Strategies is in our DNA"
Cryopreservation of the cells is an important aspect pertaining to the storage of cells for future use. Cryopreservation is a procedure were cell lines are frozen with the help of freezing media. The media helps to prevent ice crystal formation of the cells and maintains the cells viability. Freezing media is commonly used by pharmaceutical companies as well as research institutes to preserve cells in the liquid nitrogen tank. Demand for these media is higher owing to robust research activities globally for the development of drugs and therapies for better disease treatment. Therefore, increasing need for effective therapies and drugs coupled growing research practices is likely to drive the global market growth of cell freezing media during 2020-2027.
The major factor driving the global cell freezing media market is the rising investments in the pharmaceutical and biotechnology industries for drug development and various other applications. Also, availability of advanced products is likely to increase the demand and sales of the product.
On the flip side, high maintenance cost of the media storage is likely to hamper the market growth. Additionally, lesser adoption in the lower economies is anticipated to decline the market growth during the forecast period.
Key Market Driver -
Increased R&D Investments to Foster Product Demand
Key Market Restraint -
High maintenance cost of the media for storage
By product type, the global cell freezing media market is segmented into with DMSO, with glycerol, and others. Based on end user, the market is classified as pharmaceutical & biotechnology companies, research institutes, and others.
From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The major companies in the global cell freezing media market report includes Thermo Fischer Scientific, Bio-Rad Laboratories Inc., Abcam plc, Merck KGaA, BioLifeSolutions Inc, HiMedia Laboratories, AMSBIO, BIOGENUIX MEDSYSTEMS PVT.LTD, and Others.
The global cell freezing media market has been segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America followed by Europe dominated the global market in 2019, owing to the increased sales of the products by companies for R&D practices in the countries. Additionally, rising government investment to boost R&D is also the factor propelling the market growth. Awareness among the research professionals about the importance of preservation of cell types is the major factor leading to an increased sales and demand of the cell freezing media in the Asia Pacific countries. This coupled with growing mergers and acquisitions between industry players is likely to promote the sales of the products in countries like China, India, and other countries. Latin America is projected to register a comparatively higher CAGR by the end of the forecast period owing to higher investments in the R&D sector for various applications. On the other hand, Middle East & Africa is likely to witness a slower growth due to lack of penetration of the advanced products.
To gain extensive insights into the market, Request for Customization
By Product Type
By End User
“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”- One of the Leading Food Companies in Germany
“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”- Intuitive Surgical
“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”- Major Food Company in Japan
“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”- Ziering Medical
“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”- Major Manufacturer of Precision Machine Parts in India
“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”- Hewlett-Packard
“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”- Global Management Consulting Firm
“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”- UK-based Start-up in the Medical Devices Sector
“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”- One of the Largest Companies in the Defence Industry