Cryopreservation Bags and Freezing Bags Market Growth and Investment Opportunities

Cryopreservation Bags and Freezing Bags Market Size, Trends, Companies and Leaders Announcements

The global cryopreservation bags and freezing bags market size is calculated at US$ 150 in 2024, grew to US$ 162.06 million in 2025, and is projected to reach around US$ 324.3 million by 2034. The market is expanding at a CAGR of 8.04% between 2025 and 2034.

Key Takeaways

• North America dominated the global cryopreservation bags and freezing bags market in 2024.
• Asia Pacific is expected to be the fastest-growing during the forecast period.
• By type of analyte, the blood segment dominated the market in 2024.
• By type of analyte, the biologics segment is expected to be the fastest growing during the forecast period.
• By end user, the blood bank segment dominated the global cryopreservation bags and freezing bags market in 2024.
• By end user, the bio-pharmaceutical companies segment is expected to be the fastest growing during the forecast period.

Key Metrics and Overview

Market Overview

The cryopreservation bags are used for the cryopreservation of various biological samples in liquid as well as in vapor phase up to -196°C. At the same time, freezing bags store samples such as blood, tissue, cells, blood components, and cellular components. The use of these bags is increasing in blood banks, hospitals, as well as in biopharmaceutical companies. Due to increasing diseases, their demand for blood banks and hospitals is increasing. Furthermore, the continuous research and development of biologics in biopharmaceutical companies also enhances their use.

What are Recent Agreements in the Cryopreservation Bags and Freezing Bags Market?

• In May 2025, a collaboration between Interpharm Egypt, Egyptian Company for Medical Investments (ECMI), and Japanese medical giant JMS was announced. Furthermore, as per the agreement, the project aims to develop a factory for the local production of blood collection bags in the Suez Canal Economic Zone (SCZone), which is valued at EGP 1.4 billion.
• In April 2025, a strategic cooperation agreement between Chime Biologics and Polpharma Biologics was announced, which aimed to enhance the end-to-end development and manufacture of a biosimilar product. With this collaboration, affordable and high-quality biologics will be provided, along with solidifying the position of Chime Biologics in Europe. (Source: Zawya)

What is the Role of AI in the Cryopreservation Bags and Freezing Bags Market?

AI plays an important role in the cryopreservation bags and freezing bags market by improving the efficiency and safety of cryopreservation bags and freezing bags. AI helps in monitoring the temperature during the storage of the samples. At the same time, automated freezing and storage tanks are also being developed, which, in turn, can reduce manual errors. Thus, the use of AI helps in maintaining appropriate storage conditions. Moreover, it also tracks the sample store as well as the used, making it easier to keep the record.

Market Dynamics

Driver

Growing Blood Donations

Increasing awareness, as well as rising diseases and accidents, are increasing the demand for blood transfusions. At the same time, the development of biologics as well as personalized treatment plans is also increasing. Thus, this, in turn, increases the need for cryopreservation bags and freezing bags. With the use of these bags, blood samples as well as biological samples can be used in blood transfusion. Furthermore, with the rising blood donation shortage of these samples can be minimized by storing them for a longer duration of time. Thus, this enhances the cryopreservation bags and freezing bags market growth.

Restraint

Contamination Risk

The cryopreservation bags and freezing bags may often get contaminated if they are not sealed properly. This can lead to the growth of bacteria or fungi in the samples. At the same time, a lack of sterile environmental conditions can also lead to contamination of these samples. Hence, this can result in the wastage of the blood samples collected.

Opportunity

Increasing Biologics

Due to growing chronic diseases, the demand for the use of biologics has increased. This, in turn, increased the research, formulation, as well as production of the biologics in various companies. Moreover, it led to the enhanced use of biological samples, which in turn, contributed to the growing use of cryopreservation bags and freezing bags as well. These bags helped in keeping the sample safe and free from contamination for a long period of time. Thus, the growing developments in biologics are promoting the cryopreservation bags and freezing bags market growth.

For instance,

• In May 2025, an agreement between ProBioGen and Polpharma Biologics was announced. The biosimilar candidate, along with the expansion of the pipeline of Polpharma Biologics, will be supported by ProBioGen through conducting high-performance cell line development services according to this agreement. (Source: PharmaBiz)

Segmental Insights

How the Blood Segment Dominated in 2024?

By type of analyte, the blood segment dominated the market in 2024. There was a rise in the use of blood due to increased blood transfusions and various therapies. This contributed to the cryopreservation bags and freezing bags market growth.

By type of analyte, the biologics segment is anticipated to be the fastest growing during the forecast period. The use and demand for biologics is increasing due to growing gene and cell therapies, enhancing the use of cryopreservation bags.

What made the Blood Bank Segment Dominated in 2024?

By end user, the blood bank segment led the global cryopreservation bags and freezing bags market in 2024. The blood banks provided blood and blood components effectively to various hospitals. At the same time, it also stored a large volume of blood samples for a longer duration of time.

By end user, the bio-pharmaceutical companies segment is predicted to be the fastest growing during the forecast period. The bio-pharmaceutical companies are using various biological samples for the development of gene therapies, cell therapies, etc. This, in turn, is enhancing the market growth.

Well-Developed Healthcare Sector Drives North America

North America held the largest revenue of the cryopreservation bags and freezing bags market in 2024. North America consisted of a well-developed healthcare sector with skilled personnel, which enhanced the development of blood banks. This, in turn, contributed to the market growth.

The U.S. Cryopreservation Bags and Freezing Bags Market Trends

The U.S. consists of well-developed blood banks. These banks provide blood samples to the hospitals as well as companies for various treatment and therapy development. Furthermore, their development is also supported by the government.

For instance,

• In April 2025, a collaboration between Vitrafy Life Sciences Limited and the US Army Institute of Surgical Research completed their phase 1 blood platelet study. Furthermore, to support their VCU2 development and commercialization plans, a grant of $4.8 million was awarded by the Australian Government. (Source: MSN)

The graph represents the total number of biological sample units required in the U.S. every day. It indicates that there is a rise in the use of blood and blood components. Hence, it increases the demand for cryopreservation bags and freezing bags. Thus, this in turn will ultimately promote the market growth.

The Canada Cryopreservation Bags and Freezing Bags Market Trends

Due to increasing diseases, the use of blood samples is rising, which in turn, enhances the demand for blood banks. These blood banks are successively providing blood samples with the use of cryopreservation bags and freezing bags.

Developing Industries Boost the Asia Pacific

Asia Pacific is estimated to host the fastest-growing cryopreservation bags and freezing bags market during the forecast period. The industries in Asia Pacific are developing with the adoption of various new technologies as well as with the rise of cell and gene therapies. This enhances the market growth.

The China Cryopreservation Bags and Freezing Bags Market Trends

The industries in China are utilizing various technologies for the development of various therapies as well as personalized medications. This increases the use of cryopreservation bags and freezing bags with the increased supply of biological samples.

The India Cryopreservation Bags and Freezing Bags Market Trends

In India, the industries are adopting advanced technologies with increased demand for gene and cell therapies. This, in turn, increases the use of cryopreservation bags and freezing bags, as well as blood banks. This is further supported by the government investments.

Europe Driven by Rising Diseases

Europe is expected to grow significantly in the cryopreservation bags and freezing bags market during the forecast period. Due to the increasing incidence of diseases, the demand for biological samples for the development of new treatment approaches is rising, along with enhanced use of cryopreservation bags and freezing bags in Europe. This promotes the market growth.

The Germany Cryopreservation Bags and Freezing Bags Market Trends

The rising incidence of various chronic diseases is increasing the use of cryopreservation bags and freezing bags for effective use as well as storage of biological samples. At the same time, the samples are being used in the rising production of biologics.

The UK Cryopreservation Bags and Freezing Bags Market Trends

The industries in the UK are developing new treatment approaches to deal with the rising diseases. This increases the use of cryopreservation bags and freezing bags for the storage of blood, tissue, or cell samples in their development.

Top Companies in the Cryopreservation Bags and Freezing Bags Market

• Charter Medical Corporation
• American Durafilm Co., Inc.
• CellBios Healthcare & Lifesciences Pvt. Ltd
• OriGen Biomedical

What are the Latest Announcements by Industry Leaders?

• In April 2025, a pilot project of delivering blood bags to nearby hospitals with the help of drones was launched by Child PGI, where Dr Satyam Arora from Child PGI stated that instant blood transfusions are required by pregnant women and children, where delays can be a possible threat due to the present logistics. Thus, direct benefits to the patient within the crucial time will be provided if this project is successful. (Source: The Times of India)
• In May 2025, to reduce the blood wastage, a reserve system has been launched by Jalpaiguri Government Medical College & Hospital (JGMCH) where the medical superintendent and vice-principal of the JGMCH, Kalyan Khan stated, this system reserves units of blood under the name of a patient requiring it, for up to 120 hours or five days. This blood is delivered to the patient or their fa    mily under medical supervision, where, if the blood is not required, it will be used for other patients requiring it after the reservation period lapses. (Source: The Telegraph Online)

Recent Developments in the Cryopreservation Bags and Freezing Bags Market

• In January 2025, a tissue bank will be launched by Maulana Azad Institute of Dental Sciences (MAIDS) was announced. Furthermore, for transplantation skin grafts and freeze-dried bone, as well as other treatments, at affordable prices will be provided by these facilities. (Source: MNS)
• In May 2025, an inspection drive was launched by the Food Safety and Drug Administration department (FDA) in Karnataka to inspect the blood banks. They will be inspecting the compliance with mandatory testing protocols, lapses, as well as storage methods. (Source: MNS)

Segments Covered in the Report

By Type of Analyte

• Blood
• Biologics
• Tissue

By End User

• Blood Bank
• Bio-Pharmaceutical Companies
• Ambulatory Surgical Facility
• Hospital
• Academic and Research Institute
• Other

By Region

• North America
  • U.S.
  • Canada
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Thailand
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Sweden
  • Denmark
  • Norway
• Latin America
  • Brazil
  • Mexico
  • Argentina
• Middle East and Africa (MEA)
  • South Africa
  • UAE
  • Saudi Arabia
  • Kuwait