Industry Statistics and Trends
Market size and recent performance (2015-2030)
Industry revenue has grown at a CAGR of 5.6 % over the past five years, to reach an estimated $6.5bn in 2025.
Trends and Insights
Cryogenic biobanks balance steady healthcare demand with weaker research funding
- The current environment for cryogenic biobanks reflects two contrasting trends. A growing number of adults 65 and older, rising rates of chronic disease and ongoing support from Medicare and private insurers continue to drive patient volumes and support the clinical use of blood products and other biospecimens from biobanks. In contrast, reduced or uncertain National Institutes of Health (NIH) and federal research funding have weakened the expectation of regular growth in demand from academic settings.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2025-2030)
Market size is projected to grow over the next five years.
Trends and Insights
Downstream investments will support cryobanking
- The aging of the population is lifting demand for advanced healthcare treatments. Government bodies, universities and private foundations are expected to allocate more funds to research programs to develop solutions for more medical ailments.
Biggest companies in the Cryogenic Biobanking Services in the US
| Company | Market Share (%)
2024 | Revenue
2024 | Profit
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a market share exceeding 5% in the Cryogenic Biobanking Services in the US industry.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Serum or plasma , Whole blood and peripheral blood cells and Cell lines. Serum or plasma is the largest segment of the Cryogenic Biobanking Services in the US.
Trends and Insights
Blood and blood cells are essential for medical research
- Blood and blood-derived products, such as whole blood and peripheral blood cells, are the backbone of cryogenic biobanking. They represent the largest specimen category by volume and revenue because they are easily collected and support a broad range of assays. Researchers rely on these samples for biomarker discovery, disease mechanism studies and long-term cohort work in primary chronic conditions, such as cancer, cardiovascular disease, diabetes, infectious diseases and inflammatory indications.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Cryogenic biobanking refers to the commercial storage of biological materials at ultra-low temperatures. These standalone facilities support biopharmaceutical companies, clinical trials and research by offering secure, compliant and scalable long-term preservation.
What's included in this industry?
Products and services covered in the Cryogenic Biobanking Services industry in the United States include Blood and blood cell sample storage, DNA storage, Human tissue storage, Saliva and saliva cell storage and Cancerous cell storage.Companies
Companies covered in the Cryogenic Biobanking Services industry in the United States include .Purchase this report to view all major companies in this industry.
Related Terms
Related terms covered in the Cryogenic Biobanking Services industry in the United States include biospecimen, cryopreservation, genome, dna, pharmacokinetics and phenotype.Industry Code
NAICS 621991 - Cryogenic Biobanking Services in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Cryogenic biobanking is growing in tandem with the expansion of healthcare and R&D spending. Rising clinical trial activity, precision medicine programs and chronic disease r...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2015-2024) and forecast (2025-2030)
- Employees, including historical (2015-2024) and forecast (2025-2030)
- Businesses, including historical (2015-2024) and forecast (2025-2030)
- Profit, including historical (2015-2025)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Innovation-heavy therapies drive the highest-value demand. Providers that support cell and gene therapy, advanced oncology and regenerative medicine capture more complex work...
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2025
- Product innovation level
Charts
- Products & services segmentation in 2025
- Major market segmentation in 2025
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Capacity clusters in significant research and life-science hubs. States with strong university systems, cancer centers and biopharmaceutical presence host a large share of cr...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2025
Tables
- Number and share of establishments in each state in 2025
- Number and share of revenue each state accounts for in 2025
- Number and share of wages each state accounts for in 2025
- Number and share of employees in each state in 2025
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competition focuses on technology, reliability and integration more than price. Leading providers differentiate themselves through automation, monitoring, backup systems and ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2020-2025
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
There are no companies that hold a market share exceeding 5% in the Cryogenic Biobanking Services in the US industry.
Analyst insights
The cryogenic biobanking market remains fragmented, with no clear national leader. Large networks compete on scale and standardization, while smaller operators focus on speci...
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Regulation, ethics and data privacy powerfully shape operating models. Evolving rules on consent, data use and cross-border sharing require strong governance and continual co...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2015-2030)
- Assistance historical data and forecast (2015-2030)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Contract-based, recurring revenue supports more predictable profit. Multi-year agreements with pharmaceutical companies, CROs and health systems generate stable cash flows. P...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2025
- Investment vs. share of economy
Data tables
- Industry Multiples (2018-2023)
- Industry Tax Structure (2018-2023)
- Income Statement (2018-2023)
- Balance Sheet (2018-2023)
- Liquidity Ratios (2018-2023)
- Coverage Ratios (2018-2023)
- Leverage Ratios (2018-2023)
- Operating Ratios (2018-2023)
- Cash Flow & Debt Service Ratios (2015-2030)
- Revenue per Employee (2015-2030)
- Revenue per Enterprise (2015-2030)
- Employees per Establishment (2015-2030)
- Employees per Enterprise (2015-2030)
- Average Wage (2015-2030)
- Wages/Revenue (2015-2030)
- Establishments per Enterprise (2015-2030)
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cryogenic Biobanking Services industry in the United States in 2025?
The market size of the Cryogenic Biobanking Services industry in the United States is $6.5bn in 2025.
How many businesses are there in the Cryogenic Biobanking Services industry in the United States in 2025?
There are 132 businesses in the Cryogenic Biobanking Services industry in the United States, which has grown at a CAGR of 6.8 % between 2020 and 2025.
How may import tariffs affect the Cryogenic Biobanking Services industry in the United States?
The Cryogenic Biobanking Services industry in the United States is unlikely to be materially impacted by import tariffs with imports accounting for a low share of industry revenue.
How may export tariffs affect the Cryogenic Biobanking Services industry in the United States?
The Cryogenic Biobanking Services industry in the United States is unlikely to be materially impacted by export tariffs with exports accounting for a low share of industry revenue.
Has the Cryogenic Biobanking Services industry in the United States grown or declined over the past 5 years?
The market size of the Cryogenic Biobanking Services industry in the United States has been growing at a CAGR of 5.6 % between 2020 and 2025.
What is the forecast growth of the Cryogenic Biobanking Services industry in the United States over the next 5 years?
Over the next five years, the Cryogenic Biobanking Services industry in the United States is expected to grow.
What does the Cryogenic Biobanking Services industry in the United States include?
Blood and blood cell sample storage and DNA storage are part of the Cryogenic Biobanking Services industry in the United States.
How competitive is the Cryogenic Biobanking Services industry in the United States?
The level of competition is low and increasing in the Cryogenic Biobanking Services industry in the United States.
Methodology
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What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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