Serum Freezing Culture Media Market Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2022 to 2028

The global serum freezing culture mediamarket is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Serum free-cell freezing medium is specially designed for the cryopreservation of human and animal neurons in vitro. Increased use and benefits of freezing cells in drug development and research are expected to drive the market. Additionally, the initiatives of government research programs in the biopharmaceutical industry are boosting the market growth. However, the lack of research infrastructure and the high cost of rehabilitation of research facilities is restaining the growth of a serum freeze-free media market.

The increased variability of the biological components of different serum batches makes it necessary to pre-screen multiple batches in order to find the right fit for a given application. Even a brief exposure to PBMC in a batch of mitogenic serum, for instance, during freezing of these cells, will lead to a higher cytokine assay. Additionally, toxic or inhibitory serum batch is jeopardize test results. The unique performance of each serum set requires the purchase of a large quantity to ensure consistency of the assay conditions for as long as possible.

This adds to the frustration and cost associated with serum use. Switching or using a different batch of serum introduces significant unpredictable differences to the test conditions each time, making it difficult to compare results. Moreover, the infectious risk associated with serum leads to increasingly tighter restrictions for international shipments and exchange of any material that has been exposed to serum.

Some major players in the marketincludeMerck & Co., Inc., GlaxoSmithKline plc, Sanofi SA, andPfizer Inc.,among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in October 2019, BioLifeSolutions Inc. announced that the company had been awarded three patents for cryopreservation, thawing, and cold chain transport.

 

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape-among others.

 

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

 

Global Serum Freezing Culture Media Market Report by Segment

By Type

• With DMSO
• DMSO Free

By Application

• Academic & Research Institute
• Pharmaceutical &Biotechnology Companies