GMP Grade Cell Freezing Media Market Size, Share, Growth, and Industry Analysis, By Type (with FBS and without FBS), By Application (cell and gene therapy, tissue-engineered products, and others) and Regional Forecast to 2032

Updated On: 26 August 2024

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GMP GRADE CELL FREEZING MEDIA MARKET REPORT OVERVIEW

The GMP Grade Cell Freezing Media Market Size was US$ 386 Million in 2023 and the market is Projected to touch US$ 1009.16 Million In 2032, Exhibiting a CAGR Expansion of 10% During the Forecast Period [2024-2032].

GMP (Good Manufacturing Practice) Grade Cell Freezing Media are special answers created for the preservation of cells at very reduced temperatures, usually for medical or research functions. These media ensure the functionality of cells at some point of storage, adhering to strict regulatory requirements to ensure safety and consistency for therapeutic use, along with in-cell remedy, regenerative remedy, and biobanking.

COVID-19 Impact: boom in market growth due to heightened demand for biobanking

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden market growth reflected by the rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

The effect of COVID-19 on the GMP Grade Cell Freezing Media Marketplace has been big, with a rising call for biobanking of scientific samples and cryopreservation of mobile-primarily based vaccines and healing processes. The pandemic upgraded research and improvement within the biotechnology zone, focusing on the want for reliable mobile upkeep answers, and therefore driving the marketplace boom.

LATEST TRENDS

"Integration of automated system to enhance performance"

One cutting-edge trend within the GMP Grade Cell Freezing Media Market is the mixing of automated systems for mobile protection. Automation in freezing protocols and storage control complements reproducibility, reduces human blunders, and improves the scalability of cell-based products, making the upkeep system greater and more reliable.

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GMP GRADE CELL FREEZING MEDIAMARKET SEGMENTATION

By Type

Based on type the market can be categorized into with FBS and without FBS.

• With FBS: FBS is commonly used as a supplement in cellular traditional media because of its rich content material of growth factors, hormones, and vitamins that help cell survival and proliferation.

• Without FBS: These media are formulated without animal-derived components, making them suitable for applications where the avoidance of animal products is important, inclusive of positive therapeutic and medical settings.

By Application

Based on application the market can be categorized into cell and gene therapy, tissue-engineered products and others.

• Cell and gene therapy: This software entails using living cells and genes to treat or save your diseases. The demand for GMP-grade freezing media in this section is driven with the aid of the need to maintain the functionality.

• Tissue-engineered products: These are products developed through combining cells, engineering, and materials methods to repair or replace biological tissues.

• Others: This class includes diverse different programs such as studies and improvement, scientific trials, and biobanking of various biological samples.

DRIVING FACTORS

"Increased demand for cell-based therapy due to high viability"

The growing adoption of mobile-primarily based answers, including stem mobile therapy, immunotherapy, and regenerative remedy, is a considerable driving component. These treatments require dependable and powerful cryopreservation answers to preserve mobile viability and functionality in the course of garage and delivery, growing the demand for GMP-grade cellular freezing media.

"Market growth propelled by advancements in biobanking and cryopreservation technologies "

Innovations in cryopreservation techniques and biobanking infrastructure have increased the strength of the performance and reliability of mobile storage strategies. Developments together with controlled-rate freezing, cryoprotective marketers, and automatic storage structures are increasing the satisfaction and amount of cell preservation, boosting the GMP Grade Cell Freezing Media Market growth.

RESTRAINING FACTOR

"Challenges due to the high cost of procedures"

A main restraining factor in this marketplace is the high price associated with GMP-grade mobile freezing media and the cryopreservation system. The cost of maintaining extremely low-temperature garage centres and the need for compliance with stringent regulatory requirements can restrict the useability and adoption of those media, for smaller biotech firms and research institutions.

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GMP GRADE CELL FREEZING MEDIAMARKET REGIONAL INSIGHTS

The market is primarily segregated into Europe, Latin America, Asia Pacific, North America, and Middle East & Africa.

"North America dominates the market with a superior healthcare infrastructure"

North America dominates the GMP Grade Cell Freezing Media Market share pushed via superior healthcare infrastructure, sturdy studies and development sports, and vast investments in biopharmaceutical and cell remedy agencies. The presence of leading biotechnology corporations and a robust regulatory framework further bolster the region's marketplace leadership.

KEY INDUSTRY PLAYERS

"Key Players Transforming the Landscape through Innovation and Global Strategy"

Key gamers inside the GMP Grade Cell Freezing Media Market play an essential position by way of investing in studies and development to innovate and enhance product offerings. They also interact in strategic collaborations and acquisitions to extend their market presence and beautify their product portfolios, ensuring they meet the evolving needs of the biotechnology and pharmaceutical sectors.

LIST OF MARKET PLAYERS PROFILED

• Thermo Fisher Scientific (U.S.)
• Merck KGaA (Germany)
• BioLife Solutions (U.S.)
• GE Healthcare (U.S.)
• Lonza Group (Switzerland)

INDUSTRIAL DEVELOPMENT

January 2024: BioLife Solutions announced the purchase of SciSafe, a main issuer of biological and pharmaceutical garage offerings. This strategic flow pursues to enhance BioLife's competencies in presenting end-to-quit biopreservation answers, reflecting ongoing consolidation trends in the market to enhance provider offerings and expand geographic attain.

REPORT COVERAGE

This report is based on historical analysis and forecast calculation that aims to help readers get a comprehensive understanding of the global GMP Grade Cell Freezing Media Market from multiple angles, which also provides sufficient support to readers’ strategy and decision-making. Also, this study comprises a comprehensive analysis of SWOT and provides insights for future developments within the market. It examines varied factors that contribute to the growth of the market by discovering the dynamic categories and potential areas of innovation whose applications may influence its trajectory in the upcoming years. This analysis encompasses both recent trends and historical turning points into consideration, providing a holistic understanding of the market’s competitors and identifying capable areas for growth.

This research report examines the segmentation of the market by using both quantitative and qualitative methods to provide a thorough analysis that also evaluates the influence of strategic and financial perspectives on the market. Additionally, the report's regional assessments consider the dominant supply and demand forces that impact market growth. The competitive landscape is detailed meticulously, including shares of significant market competitors. The report incorporates unconventional research techniques, methodologies and key strategies tailored for the anticipated frame of time. Overall, it offers valuable and comprehensive insights into the market dynamics professionally and understandably.