Cryopreservation Bags and Freezing Bags Market Size, Share & Trends Analysis Report By Type of Analyte Stored (Blood, Biologics, and Tissues), Region, And Segment Forecasts, 2023-2031

Cryopreservation Bags and Freezing Bags Market Size is predicted to show a 7.24% CAGR during the forecast period for 2023-2031.

Cryopreservation involves preserving biological products in a closed-bag system at very low temperatures. The manufacturers of cryopreservation bags and freezing bags provide various cryobags to different companies for the long-term preservation of various biological materials such as blood samples, tissues, organs, and cells. The selection of the ideal packaging material form is an essential factor influencing cryopreservation bag manufacturing. For instance, in February 2022, OriGen Biomedical launched its cryopreservation product, CryoStore FLEX freezing bag. This EVA bag is used to store blood components and has received CE mark clearance confirming its compliance with specific requirements of the European medical device directives.

The rising preference for packaged food items is estimated to escalate the demand for freezing bags over the forecast period. Furthermore, the increasing need for storage containers that preserve the stored samples' integrity, viability, stability, and quality is a primary factor driving the growth of the cryopreservation bags and freezing bags market.

Competitive Landscape

Some of the Key Players in the Cryopreservation Bags and Freezing Bags Market:

• American Durafilm
• Biomed Device
• CellBios
• Charter Medical
• Instant Systems
• Macopharma
• OriGen Biomedical
• Sartorius
• Other Prominent Players

Market Segmentation:

The Cryopreservation Bags and Freezing Bags Market is segmented based on the type of analyte stored and region. The market is classified into blood, biologics, and tissues by the type of analyte stored.

The Blood Segment Accounted For The Highest Revenue Share Of The Cryopreservation Bags And Freezing Bags Market In 2022

In terms of the type of analyte stored, the blood segment is expected to lead the market during the projected period (2023-2031). Factors such as the technological advancements in the healthcare research sector, the increasing prevalence of blood disorders, and rising demand for advanced therapeutic medicinal products (ATMPs) and biobanking applications are predicated on creating lucrative opportunities for players involved in this market. India and China are the primary contributors to the blood segment.

Regionally, North America Holds The Highest Revenue Share

North America cryopreservation bags and freezing bags market is expected to record an enormous market share in revenue over the forecast period. The growing number of biopharmaceutical companies, technological advancements in healthcare industries, and increasing demand for cryopreservation bags and freezing bags are propelling the regional market's growth. In addition, the Asia-Pacific region is considered to increase significantly in the forthcoming years due to the growing prevalence of blood disorders and the surge in demand for ATMPs, stem cells, gene and cell therapies, and biobanking applications.

Cryopreservation Bags and Freezing Bags Market Report Scope: