Apr, 2023 - By CMI
Rising stem cell research and development is predicted to boost worldwide cell cryopreservation growth throughout the projection period. Bristol Myers Squibb, a worldwide biopharmaceutical corporation, announced in May 2022 that the European Commission had granted Marketing Authorization for Breyanzi, a CD19(B-lymphocyte antigen)-directed chimeric antigen receptor (CAR) T cell immunotherapy, for the treatment of adult patients with relapsed or refractory (R/R) diffuse large B-cell lymphoma (DLBCL), primary mediastinal large B-cell lymphoma (PMBCL), and follicular lymphoma grade 3B (FL3B) after two or more lines of systemic therapy. Breyanzi was granted Marketing Permission for usage in all European Union (EU) member countries. The market's growth is projected to be hampered by the adoption and development of alternative approaches.
According to Coherent Market Insights, The global Cell Cryopreservation Market size was valued at US$ 8,659.4 Million in 2022 and is expected to witness a CAGR of 22.4% over the forecast period (2022 – 2030).
Leading Companies in the Cell Cryopreservation Industry:
1. General Electric Company
General Electric Company operates as a high-tech industrial company in Europe, China, Asia, the Americas, the Middle East, and Africa. It offers gas and steam turbines, full balance of plant, upgrade, and service solutions, as well as data-leveraging software for power generation, industrial, government, and other customers. General Electric Company was incorporated in 1892 and is headquartered in Boston, Massachusetts.
2. Thermo Fisher Scientific Inc.
Thermo Fisher Scientific Inc. provides life sciences solutions, analytical instruments, specialty diagnostics, and laboratory products and biopharma services in the United States and internationally. Thermo Fisher Scientific Inc. was founded in 1956 and is headquartered in Waltham, Massachusetts. In October 2018, Thermo Fisher Scientific Incacquired the Advanced Bioprocessing business from Becton, Dickinson and Company, a multinational medical technology company, for the expansion of its life sciences solutions segment. The acquisition expanded the bioproduction portfolio and enabled the company to bring new drugs into the market at a faster pace.
3. Miltenyi Biotec GmbH
Miltenyi Biotec is a medical services provider specializing in cell separation, cell labeling and cell analysis. The company was founded in 1989, headquartered in Germany. Lino Biotech acquired by Miltenyi Biotec on 17.03.2023
4. BioLife Solutions Inc.
BioLife Solutions, Inc. develops, manufactures, and supplies bioproduction tools and services for the cell and gene therapy industry in the United States, Canada, Europe, the Middle East, Africa, and internationally. BioLife Solutions, Inc. was incorporated in 1987 and is headquartered in Bothell, Washington. In November 2019, BioLife Solutions, Inc announced the acquisition of substantially all of the assets of Custom Biogenic Systems, Inc. (CBS). CBS is a privately held company with operations located near Detroit and a global designer and manufacturer of liquid nitrogen laboratory freezers and cryogenic equipment.
5. PromoCell GmbH
Human primary cells, stem cells, blood cells, and culture media. On 26 January 2021 Life Science Newswire PromoCell, one of the leading European manufacturers of human cell culture and cell biology products, has announced to have successfully completed a comprehensive EXCiPACT™ audit that certifies the company as a manufacturer of pharmaceutical excipients to Good Manufacturing Practice (GMP) standards. The company has 30 years of expertise.
6. Corning Incorporated
Corning Incorporated engages in the display technologies, optical communications, environmental technologies, specialty materials, and life sciences businesses worldwide. he company was founded in 1851 and is headquartered in Corning, New York.
7. Cooper Companies, Inc.
The Cooper Companies, Inc., together with its subsidiaries, develops, manufactures, and markets contact lens wearers. The company operates in two segments, CooperVision and CooperSurgical. The Cooper Companies, Inc. was founded in 1958 and is headquartered in San Ramon, California.
8. Bio-Rad Laboratories India Pvt. Ltd
Bio-Rad Laboratories has played a leading role in the advancement of scientific discovery for over 50 years by providing a broad range of innovative tools and services to the life science research and clinical diagnostics markets. Founded in 1952, headquartered in California, U.S.
*Definition- Cryopreservation is the method of keeping biological material held at cryogenic temperatures for an extended length of time in order to preserve the fine structure of cells. For preservation, samples of cells, tissues, and organelles are chilled to very low temperatures (less than - 2130 degrees F) using this method. Cryopreservation is generally utilised to protect the reproductive capability of women with breast cancer during the in-vitro fertilisation (IVF) cycle prior to treatment.