Cell Freezing Media Market
The Global Cell Freezing Media market is set to gain traction from their ever-increasing usage in various research institutes and pharmaceutical companies for storing cells in liquid nitrogen tanks. Fortune Business Insights™ published this information in an upcoming report, titled, “Cell Freezing Media Market Size, Share & Industry Analysis, By Product Type (With DMSO, With Glycerol, Others), By End User (Pharmaceuticals & Biotechnology Companies, Research Institutes, Others) and regional forecast 2020-2027.” The report further states that cell freezing media are showcasing high demand because of the surging research activities to develop innovative drugs and therapies for curing diseases effectively.
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What Does This Report Contain?
The report provides intelligent insights on new product developments, R&D activities, and future technologies. At the same time, it delivers elaborate information about recent investments, developments, and untapped geographies. Besides, our analysts have conducted an assessment of manufacturing capabilities, strategies, and shares of prominent companies.
Drivers & Restraints-
Increasing Availability of State-of-the-art Products to Bolster Growth
Increasing investments in the biotechnology and pharmaceutical sectors to conduct extensive research and development activities would contribute to the cell freezing media market growth in the upcoming years. Besides, the rising availability of unique cell freezing media worldwide is expected to also aid growth. However, the lower adoption of these products in developing countries may hamper growth.
Rising Awareness among Research Professionals to Favor Growth in Asia Pacific
Geographically, North America and Europe generated the largest cell freezing media market share in 2019. This growth is attributable to the increasing investments by government agencies to accelerate research and development activities. Additionally, the rising sales of cell freezing media in these regions would propel growth.
In Asia Pacific, the growing awareness among research professionals regarding the significance of preserving cells is likely to boost growth. At the same time, increasing mergers and acquisitions between companies operating in India and China would augment growth in the near future. On the other hand, the Middle East & Africa may exhibit slow growth because of the reduced usage of advanced cell freezing media. Lastly, increasing research and development activities would spur growth in Latin America.
Key Players Aim to Launch New Products to Compete with Their Rivals
The global market for cell freezing media houses a wide range of companies that are mainly focusing on new product development to cater to the high demand. Some of the others are conducting research and development activities to come up with new products. Below are the two significant industry developments:
- October 2019: BioLife Solutions, Inc. received three patents for its inventions associated with cold chain transport, thawing, and cryopreservation technologies. The company’s team has numerous additional pending patents featuring novel qualities.
- March 2018: BioLife Solutions, Inc. reported the performance of its cGMP CryoStor cell freezing media in a journal called Laboratory Investigation. It showcased superior performance, unlike the conventional home-brew freeze media cocktail.
A list of all the renowned cell freezing media providers operating in the global market:
- Thermo Fisher Scientific
- Bio-Rad Laboratories Inc.
- Abcam plc
- Merck KGaA
- BioLifeSolutions Inc.
- HiMedia Laboratories
- BIOGENUIX MEDSYSTEMS PVT.LTD
- Other reputed organizations
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Author’s Bio –
Name: Reeti Banerjee
Reeti Banerjee is currently working as a content writer in a prominent market research firm named Fortune Business Insights™. She specializes in writing articles, press releases, blogs, and news reports. She believes in maintaining simplicity throughout her content to provide the clients with a seamless reading experience.https://glendivegazette.com/