PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397270
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397270
The global GMP cell banking services market is witnessing significant growth, with the mammalian cell type segment taking the lead in terms of revenue and attractiveness. This trend is projected to continue throughout the forecast period, highlighting the pivotal role of mammalian cell banking services in the biopharmaceutical industry.
The mammalian cell type segment has asserted its dominance in the global GMP cell banking services market, contributing to over 60% of the total revenue share. This segment's attractiveness is evident with an attractiveness index of 5, indicating its strong potential over the forecast period. By 2031, the mammalian segment is expected to further solidify its position by gaining 556 basis points in market share and achieving remarkable growth, set to increase by 3.2 times.
Limited in-house storage and testing capabilities have emerged as a primary driver for the global GMP cell banking services market. Global biopharmaceutical companies are increasingly turning to outsourcing as they seek to enhance operational efficiency and boost pipeline productivity. Small biotechnology firms, backed by venture capital and larger biopharmaceutical companies, are at the forefront of discovering promising new therapies. These organizations continue to invest in their pipelines, bolstered by ongoing funding availability.
Biopharmaceutical companies often prefer to outsource manufacturing activities in regions where they lack expertise, particularly in the later stages of the value chain. Collaborating with Contract Development and Manufacturing Organizations (CDMOs) grants them access to extensive distribution networks and knowledge of regulatory guidelines, driving market growth.
Moreover, large biopharmaceutical companies with multiple manufacturing sites face limitations in in-house storage of GMP cell banks. Cell banking service providers offer dedicated infrastructure, including clean rooms and expert personnel, ensuring compliance with regulatory standards such as ICH. They also provide in-house testing services or subcontract to certified laboratories, further propelling the global GMP cell banking services market.
The global GMP cell banking services market is witnessing a significant shift, with the mammalian cell type segment emerging as a key driver of growth and innovation in the biopharmaceutical industry.