Cryopreservation Cell Lines Market Size

Cryopreservation Cell Lines Market size was valued at USD 11.6 Billion in 2023 and is likely to reach USD 114.7 Billion by the end of 2036, registering around 20.4% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of cryopreservation cell lines is assessed at USD 13.71 Billion..The major factor attributed to the market growth is the rising cases of infertility among the global population. As cryopreservation is used for the preservation of oocytes and embryos in the in-vitro fertilization (IVF) banking services for persevering the reproductive capacity of females, the increase in the prevalence of infertility is estimated to bring lucrative growth opportunities for the expansion of the global cryopreservation cell lines market. The data from the World Health Organization (WHO) stated that approximately 48 million couples and 186 million individuals of reproductive age have been suffering from infertility across the globe.

Through the process of cryopreservation, samples of tissues, cells, and organelles are stored at very low temperatures for preserving them from exterior environments. Apart from being used in in-vitro fertilization, the other growth factors for global cryopreservation cell lines are the high amount of investments being made in the research and development activities by major key players of the market for stem cells, and the recent escalation in government support for developing novel medical equipment. In addition, the rising geriatric population around the world, and rapid spreading of awareness about the advantages of cryopreservation cell lines, and the high focus on drug development are also estimated to create a positive outlook for market growth. Moreover, the surge in the focus of healthcare companies on developing novel products for preserving various cells and tissues for research and use in medical applications along with the growing use of advanced cryopreservation techniques by tissue engineering and biobanking facilities to maintain the functional characteristics of cells are also anticipated to drive the market growth during the forecast period.