Cryopreservation Bags and Freezing Bags Market: Industry Trends and Global Forecasts - Distribution by Type of Analyte Stored and Key Geographical Regions

Cryopreservation Bags and Freezing Bags Market: Overview

As per Roots Analysis, the global cryopreservation bags and freezing bags market is estimated to grow from USD 216 million in the current year to USD 316 million by 2035, at a CAGR of 3.9% during the forecast period, till 2035.

The market sizing and opportunity analysis has been segmented across the following parameters:

Type of Analyte Stored

• Blood
• Biologics
• Tissues

Key Geographical Regions

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and North Africa
• Rest of the World

Cryopreservation Bags and Freezing Bags Market: Growth and Trends

Cryopreservation involves employing extremely low temperatures to maintain living cells and tissues in a structurally sound state for extended periods. Although they hold significant promise for fundamental research and various medical uses, basic cooling or freezing prevents the long-term storage of stem cells and other viable tissues because of ice crystal development. Further, harm to the membrane during freezing and thawing leads to osmotic shock, which ultimately results in cell death. The above-mentioned challenges led the researchers to investigate the possibilities of cryobags that enable lasting, clear, and flexible preservation of analytes or biological substances at liquid nitrogen temperatures.

The cryopreservation of biomaterials holds significant promise for tackling the current issues in the pharmaceutical industry, especially those concerning the viability and survival rates of living cells and intricate tissues. Thus, in the field of regenerative medicine, cryopreservation is acknowledged as a crucial enabling technology due to its capacity to maintain the structural integrity and functionality of biological specimens and therapies for extensive clinical uses. Additionally, since the 1980s, there have been notable improvements in cryopreservation methods employed for the possible long-term preservation of stem cells, particularly hematopoietic stem cells and embryonic stem cells. These are vital in numerous medical applications, including regenerative medicine and biobanking. Owing to these factors, this market is driven for notable growth in the coming years.

Cryopreservation Bags and Freezing Bags Market: Key Insights

The report delves into the current state of the cryopreservation bags and freezing bags market and identifies potential growth opportunities within industry. Some key findings from the report include:

• At present, more than 30 players are engaged in the manufacturing of over 70 cryopreservation bags integrating a wide spectrum of polymer compositions; majority of these players are headquartered in Europe.
• Close to 25% of the cryobags are capable of storing more than one type of analyte; notably, over 40% of single-layered cryopreservation and freezing bags are designed for both shipping and storing purposes.
• Several players across the globe are offering cryobags to facilitate long-term preservation of a wide variety of samples, including ATMPs and cord blood stem cells.
• Being a relatively concentrated market, players are focused on developing unique selling propositions for their products and becoming strategic partners for therapy developers.
• In 2035, blood bags are likely to account for 70% of the total demand for cryopreservation bags and freezing bags; this can be attributed to the growing prevalence of blood disorders and transfusion rates.
• Over 45% of the market revenues are expected to be generated by players based in Asia-Pacific, with India and China being the major contributors in this domain.
• The demand for cryopreservation bags and freezing bags for storing biologics is rising significantly, owing to the surge in the popularity of cell and gene therapies; by 2035, it is anticipated to reach over 2.7 million units.
• The projected future opportunity for cryopreservation bags and freezing bags for biologics storage is expected to be well distributed across different types of biologics and key geographical regions.
• The cryopreservation bags and freezing bags market for tissue storage is likely to grow at a steady pace till 2035; the projected future opportunity is expected to be well distributed across key geographical regions.

Cryopreservation Bags and Freezing Bags Market: Key Segments

Blood Segment Occupy the Largest Share of the Cryopreservation Bags and Freezing Bags Market

In terms of type of analyte stored, the market is segmented into blood, biologics and tissues. At present, cryopreservation bags and freezing bags for blood segment hold the maximum share of the global cryopreservation bags and freezing bags market. This is due to the growing prevalence of blood disorders and global transfusion rates. Additionally, the tissue freezing bags segment is likely to grow at a faster pace compared to the other segments.

Asia-Pacific Accounts for the Largest Share of the Cryopreservation Bags and Freezing Bags Market

In terms of key geographical regions, the market is segmented into North America, Europe, Asia-Pacific, Latin America, Middle East and North Africa and Rest of the World. Currently, Asia-Pacific dominates the global cryopreservation bags and freezing bags market and accounts for the largest revenue share.

Example Players in the Cryopreservation Bags and Freezing Bags Market

• American Durafilm
• Biomed Device
• CellBios
• Charter Medical
• Instant Systems
• Macopharma
• OriGen Biomedical
• Sartorius

Cryopreservation Bags and Freezing Bags Market: Research Coverage

• Market Sizing and Opportunity Analysis: The report features an in-depth analysis of the cryopreservation bags and freezing bags market, focusing on key market segments, including [A] type of analyte stored and [B] key geographical regions.
• Cryopreservation Bags and Freezing Bags Market Landscape: A comprehensive evaluation of cryopreservation bags and freezing bags market, based on several relevant parameters, such as [A] type of analyte stored, [B] storage temperature, [C] application area and [D] type of packaging layer.
• Manufacturers Market Landscape: A comprehensive evaluation of companies providing cryopreservation bags and freezing bags, based on several relevant parameters, such as [A] year of establishment, [B] company size, [C] location of headquarters, [D] type of analyte stored, and [E] number of products offered.
• Product Competitiveness Analysis: A comprehensive competitive analysis of cryopreservation bags and freezing bags, examining factors, such as [A] supplier strength, [B] product competitiveness and [C] number of product variables.
• Company Profiles: In-depth profiles of key players engaged in the manufacturing cryopreservation bags and freezing bags, focusing on [A] overview of the company, [B] financial information (if available), [C] product portfolio, and [D] recent developments and [C] an informed future outlook. In addition, short profiles for some cryopreservation bag and freezing bag manufacturers have also been provided.
• Market Concentration Analysis: An insightful analysis of market concentration of companies in the industry, based on several parameters, such as [A] industry experience, [B] company size, [C] number of products offered, and [D] type of analyte stored.
• Demand Analysis: An insightful analysis of the demand for cryopreservation bags and freezing bags, based on key geographical regions.

Key Questions Answered in this Report

• How many companies are currently engaged in this market?
• Which are the leading companies in this market?
• What factors are likely to influence the evolution of this market?
• What is the current and future market size?
• What is the CAGR of this market?
• How is the current and future market opportunity likely to be distributed across key market segments?

Reasons to Buy this Report

• The report provides a comprehensive market analysis, offering detailed revenue projections of the overall market and its specific sub-segments. This information is valuable to both established market leaders and emerging entrants.
• Stakeholders can leverage the report to gain a deeper understanding of the competitive dynamics within the market. By analyzing the competitive landscape, businesses can make informed decisions to optimize their market positioning and develop effective go-to-market strategies.
• The report offers stakeholders a comprehensive overview of the market, including key drivers, barriers, opportunities, and challenges. This information empowers stakeholders to stay abreast of market trends and make data-driven decisions to capitalize on growth prospects.

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