Report Sellers has added a new market research report “Cell Banking Outsourcing – Global Market Outlook (2017-23)” to its offerings.
According to Report, Global Cell Banking Outsourcing Market is accounted for $3.2 billion in 2016 and expected to grow at a CAGR of 20.0% to reach $11.87 billion by 2023. Factors such as tissues required for R&D, cells for the regenerative medicine production, demand for stem cell therapies, increasing number of cord blood banks, development of sophisticated preservation technologies, demand for monoclonal antibodies, increasing prevalence of cancer, demand for ready-to-use bioassay banks are augmenting the market growth. Regenerative medicine, tissue engineering and gene therapy offer the opportunity for curing, number of elderly patients has also significantly increased, and recently adipose tissue banking has become available and offers opportunity to store stem cells for future use. These are the few trends observed by the market. However, ethical concerns related to stem cell research, high cost of therapies, risk of contamination of cell lines by manual errors or environmental conditions are impeding the market growth.
Based on Cell Type, for Stem Cell Banking there is no scientific evidence to substantiate clinical benefits with the use of stem cells derived from cord tissue, placenta, tooth extract etc,. Yet, procurement and banking of these biological is increasingly becoming a commercial activity. For example, use of Umbilical Cord Blood (UCB) derived HSCs for treatment of various haematological and immunological disorders is currently well established. Cord blood stored in private banks is used for either autologous or allogeneic transplants. However, few challenges like regulatory issues, licensure, have increased the cost to bank and some obstetrical practices have been observed.
Based on Bank Master cell bank represents a cell reserve frozen-in-time. It prevents contamination and deterioration. The Master cell bank is used for ensuring a stock of cells to avoid genetic variation within the cell culture. Biosafety testing and characterization methods include sterility and mycoplasma testing, C01 Barcode assay, in vitro and in vivo assays for adventitious viral contaminants, reverse transcription assays, transmission electron microscopy, PCR and qPCR assays, bovine and porcine virus assays, and retroviral infectivity assays.
North America accounted for the largest share due to high number of research and development projects and growing need for vaccines. Asia Pacific is anticipated to witness significant growth owing to investments in biotechnology sector, R&D activities for cancer treatment and fertility preservation.
Some of the key players in Global Cell Banking Outsourcing Market market are SGS Life Sciences, Reliance Life Sciences, PXTherapeutics SA, Lonza, LifeCell International Pvt. Ltd., Goodwin Biotechnology Inc., GlobalStem Inc., Cryo-Cell International Inc., Wuxi Apptec, Tran-Scell Biologics Pvt. Ltd., Toxikon Corporation, Texcell, Cryobanks International India, Covance and CordLife.
Browse through the complete description and in-depth TOC on “Global Cell Banking Outsourcing Market” https://www.reportsellers.com/market-research-report/Cell-Banking-Outsourcing—Global-Market
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Global Cell Banking Outsourcing Market has been segmented by banks covered, phases covered, cell types covered and regions covered
Viral Cell Banking
Master Cell Banking
Working Cell Banking
Bank Characterization and Testing
Cell Bank Storage
Cell Bank Preparation
Cell Types Covered:
Non-Stem Cell Banking
Stem Cell Banking
Rest of Europe
Rest of Asia Pacific
Middle East & Africa
Rest of Middle East & Africa
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