PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150083
PUBLISHER: Polaris Market Research | PRODUCT CODE: 1150083
The global cell banking outsourcing market size is expected to reach USD 34.66 billion by 2030 according to a new study by Polaris Market Research. The report "Cell Banking Outsourcing Market Share, Size, Trends, Industry Analysis Report, By Type (Master Cell Banking, Working Cell Banking, Viral Cell Banking); By Cell Type; By Phase; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The rising applications and clinical trials related to stem therapies are a prominent factor driving the market's growth. Furthermore, the industry is expected to benefit from the rising prevalence of cancer, rising monoclonal antibody demand, a growing number of cell banks, and increasing vaccine manufacturing.
The monoclonal antibody needs to be well characterized. Both the antibody's biochemical/physicochemical and biological/immunological characteristics are being tested. Additionally, the monoclonal antibody's specificity and cross-reactivity are evaluated.
For instance, in 2020, Utrecht University, Erasmus Medical Center, Harbour BioMed, and AbbVie collaborated to develop novel antibody therapy for the treatment and prevention of COVID-19, the pandemic respiratory illness brought on by the SARS-CoV-2 virus.
Cell Banking Outsourcing Market Report Highlights
The master cell banking type accounts for the largest market as the determination of all working cells is employed by the master cell bank.
Stem cell type acquired the most significant share in 2021 as 80 blood-related diseases, including thalassemia, lymphoma, leukemia, multiple myeloma, neuroblastoma, and others, can be treated using stem cells.
Bank storage segment is expected to hold the most considerable market share and is also considered to be the fastest-growing segment during the forecast period, due to complex maintenance requirements, which are essential for the upkeep of either the master or working banks.
The growing geriatric population, and increasing metabolic diseases amongst them such as Parkinson's have increased in North America.
The industry is highly competitive owing to the existence of large industry players with global presence Bio Outsource (Sartorious), Bio Reliance, BSL Bioservice, Charles River Laboratories, Covance, Cryo-Cell International, Inc, Global Stem Inc., Goodwin Biotechnology Inc., Lonza, SGS Life Sciences.
Polaris Market Research has segmented the cell banking outsourcing market report based on type, cell type, phase, and regions:
Cell Banking Outsourcing, Type Outlook (Revenue - USD Billion, 2018 - 2030)
Master Cell Banking
Working Cell Banking
Viral Cell Banking
Cell Banking Outsourcing, Cell Type Outlook (Revenue - USD Billion, 2018 - 2030)
Stem Cell
Cord Cell Banking
Embryonic Stem Cell Banking
Adult Stem Cell Banking
Dental Stem Cell Banking
IPS Stem Cell Banking
Non-stem Cell
Cell Banking Outsourcing, Phase Outlook (Revenue - USD Billion, 2018 - 2030)
Bank Storage
Master Cell Bank Storage
Working Cell Bank Storage
Cell Storage Stability Testing
Bank Characterization and Testing
Safety Testing
Viral Cell Banks
Microbial Cell Banks
Gene Expression Testing
Karyology Testing
Gene Sequencing Testing
Bank Preparation
Cell Banking Outsourcing, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Figure 1. Global Cell Banking Outsourcing Market, 2018 - 2030 (USD Billion)
Figure 2. Integrated Ecosystem
Figure 3. Research Methodology: Top-Down & Bottom-Up Approach
Figure 4. Market by Geography
Figure 5. Porter's Five Forces
Figure 6. Market by Cell Type
Figure 7. Global Cell Banking Outsourcing Market, by Cell Type, 2021 & 2030 (USD Billion)
Figure 8. Market by Type
Figure 9. Global Cell Banking Outsourcing Market, by Type, 2021 & 2030 (USD Billion)
Figure 10. Market by Phase
Figure 11. Global Cell Banking Outsourcing Market, by Phase, 2021 & 2030 (USD Billion)
Figure 12. Cell Banking Outsourcing Market Assessment, By Geography, 2018 - 2030 (USD Billion)
Figure 13. Strategic Analysis - Cell Banking Outsourcing Market