Serum-Free Freezing Media Market Report 2019 Foresees the Market to reach USD 328.2 MN by 2026
Posted On October 08, 2020
The report by Value Market Research on the Global Serum-Free Freezing Media Market anticipates the market growth to reach CAGR of 8.5% during 2020-2026. The market was valued close to USD 185.4 MN in 2019 and is expected to reach USD 328.2 MN by 2026. The rising demand for cryopreservation of animal cells for research and biopharmaceutical applications will be the rooting force for this market's growth. The reduced risk of contamination of the cultured cells by serum-borne adventitious agents will create potential market growth opportunities. Improving socio-economic status worldwide and growing healthcare expenditure will be a market booster. The advantages of serum-free cell freezing in developing vaccines, regenerative medicines, and drug screening will boost the market growth. The main roadblock to this market will be the high maintenance costs involved in storing the cultured cells.
A serum-free freezing medium is used in the cryopreservation of animal cells. This sterile solution enables long term storage of living cells in cellular biology and medicinal applications. This media uses synthetic or purified ingredients that provide nutrients and growth factors for the growth and survival of cells being cultured. This highly consistent preservation medium leads to increased cell viability rates, adherence (in relevant lines), proliferation, and bioactivity showing a significant improvement in the preserved cell's functionality. This ready to use solution minimizes dehydration of the preserved cell. This medium can be used for cells cultured either in serum-supplemented growth medium or under serum-free conditions. It is well suited for use in cell banks, research institutes, and biopharmaceutical applications.
The report “Global Serum-Free Freezing Media Market Report By Type Of Media (Chinese Hamster Ovary (CHO) Cell Media, Insect Media, Hybridoma Media, Vaccine Production Media), By End User (Biopharmaceutical Companies, Pharmaceutical Companies, Academics And Research) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026" covers the market introduction, key market statistics followed by in-depth regional revenue/or volume analysis. The report analyses the trends of the past years along with deeply studying the geo-political trends, thus authenticating the findings of the research and making it more reliable.
On the basis of type of media the market is segmented into Chinese Hamster Ovary (CHO) Cell Media, Insect Media, Hybridoma Media, Vaccine Production Media. By end user the serum-free freezing media market is categorised as Biopharmaceutical Companies, Pharmaceutical Companies, Academics and Research. North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are the regions covered in the report. This geographical section of the report highlights the share of the revenue/volume spread globally.
The Report Segments Global Serum-Free Freezing Media Market -
By Type of Media
- Chinese Hamster Ovary (CHO) Cell Media
- Insect Media
- Hybridoma Media
- Vaccine Production Media
By End User
- Biopharmaceutical Companies
- Pharmaceutical Companies
- Academics and Research
- North America
- Latin America
- Middle East & Africa
Players Profiled In the Report:
Merck KGaA, Thermo Fisher Scientific Inc., Nippon Genetics, Miltenyi Biotec, Mediatech Inc., General Electric Company, BioLifeSolutions Inc., HiMedia Laboratories, Biological Industries, PromoCell GmbH.
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