The growing prospects of cell-based therapies to Drive advances in cell cryopreservation processes
Cell Cryopreservation Market The cell cryopreservation market is estimated to be valued at US$ 8,659.4 Million in 2022 and is expected to exhibit a CAGR of 22.4% over the forecast period 2022-2030 , as highlighted in a new report published by Coherent Market Insights. Market Overview: Cell cryopreservation involves storing cells at very low temperatures, usually in liquid nitrogen, to maintain the viability and biological activity of the cells over a long period of time. The process finds widespread applications in biomedical research, embryonic stem cell therapies, regenerative medicine, and medical diagnosis. Market Dynamics: The increasing R&D investments by pharmaceutical and biotech companies in cell-based therapies are expected to boost the demand for cell cryopreservation over the forecast period. Rapid developments in stem cell therapies and regenerative medicine are also fueling the market growth. For instance, mesenchymal stem cells derived from bone marrow...