Cell Banking Outsourcing Market-Overview
The cell banking outsourcing market is expected to grow as the number of applications of cell-based products for research develops. The cell banking outsourcing market report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The cell banking outsourcing market is on track to achieve USD 9476.9 million by 2027 at a 15.6% CAGR.
The increased need for cell and gene-based therapeutics for various diseases worldwide is an important factor enticing the players in the cell banking outsourcing industry. With the growing emphasis on regenerative and modified medicine, the cell banking outsourcing market is expected to expand. The cell banking outsourcing demand is anticipated to develop due to an increase in the number of start-ups concentrating on cell-based therapeutics and vaccine production.
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Cell Banking Outsourcing Market Segmental Analysis
The segmental overview of the cell banking outsourcing market is carried out on the basis of bank type, cell type, application, and region. The bank type segment of the cell banking outsourcing market consists of working cell banking, master cell banking, and viral cell banking. The application segment of the cell banking outsourcing market consists of cell bank storage, cell bank preparation, bank characterization & testing. The cell banking outsourcing market segment consists of North America, Asia-Pacific, Europe, and other important regions. The cell type segment of the cell banking outsourcing market consists of non-stem cell banking and stem cell banking.
Cell Banking Outsourcing Market Regional Overview
The regional study of the cell banking outsourcing market consists of North America, Asia-Pacific, Europe, and other important regions. Due to the presence of major manufacturers, favorable government regulations, and high healthcare spending in the region, the North American cell bank outsourcing market held the highest share in 2020. Increased government initiatives and a substantial supply of research money are driving the European cell banking outsourcing market. The region’s cell banking outsourcing demand is anticipated due to the region’s expanding geriatric population, predisposition to chronic diseases, and widespread support for the storage of cord blood and stem cells. During the forecast period, the cell banking outsourcing industry is poised to increase at the fastest rate. The rising population, increasing number of patients suffering from chronic diseases such as oncological diseases, and an increasing number of contract research and development organizations are all contributing to regional market expansion.
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Cell Banking Outsourcing Market Competitive Analysis
The global market is projected to grow due to the diversification theme, with competitors attempting to lessen the risk of instability that currently exists in the sector. On a day-to-day basis, the reestablishment of undertakings is expected to take a certain amount of time, which will show the progression of the delivery oversupplies. The success of market tactics is thought to be closely monitored to nudge customer attitudes in the proper direction and lead to purchasing various items and services. Individual contributions from market stakeholders are expected to shape the industry’s development trajectory in the coming years. The monetary assistance granted by governments and trade federations is expected to compensate for the current situation in the future. The challenges that organizations face in the global market regarding their most valuable assets are being met more successfully. The market’s prerequisite for long-term viability is expected to be generated by the renewal of open cash movements. The emphasis on innovation is expected to increase in the next years, as consumer requirements must be better handled to secure the global market’s recovery.
The important players in the cell banking outsourcing market are GlobalStem Inc. (US), Cleancells (France), Covance (US), LifeCell International Pvt. Ltd. (India), Goodwin Biotechnology Inc.(US), Charles River Laboratories (US), PX’TherapeuticsSA (France), BSL Bioservice (Germany), BioReliance (US), Sartorius (Germany), CordLife (Singapore), Cryo-Cell International Inc. (US), Lonza (Switzerland), Wuxi Apptec (China) and SGS Life Sciences (Switzerland).
Cell Banking Outsourcing Industry Updates:
June 2021 Genezen Laboratories, Inc, contract development and manufacturing organization (CDMO) specializing in cell and gene therapy, plans to construct a 75,000+ square foot cGMP-compliant lentiviral vector production facility in Indianapolis. The CDMO focuses on process development in the early stages, vector manufacturing, and analytical testing. Genezen began by cooperating with academic vector manufacturing facilities to take advantage of their excess capacity. Through those academic relationships, the CDMO will continue to supply cell manufacturing and patient sample testing. A majority investment from Ampersand Capital Partners, a private equity firm focusing on growth equity investments in the healthcare industry, will fund the new facility, which will have a worldwide focus on target clients.
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TABLE OF CONTENTS
1. REPORT PROLOGUE
2. MARKET INTRODUCTION
2.2. Scope Of The Study
2.2.1. Research Objective
3. RESEARCH METHODOLOGY
3.2. Data Mining
3.3. Secondary Research
3.4. Primary Research
3.4.1. Primary Interviews And Information Gathering Process
3.4.2. Breakdown Of Primary Respondents
3.5. Forecasting Techniques
3.6. Market Size Estimation
3.6.1. Bottom-Up Approach
3.6.2. Top-Down Approach
3.7. Data Triangulation
4. MARKET DYNAMICS
5. MARKET FACTOR ANALYSIS
5.1. Porter’s Five Forces Analysis
5.1.1. Bargaining Power Of Suppliers
5.1.2. Bargaining Power Of Buyers
5.1.3. Threat Of New Entrants
5.1.4. Threat Of Substitutes
5.1.5. Intensity Of Rivalry
5.2. Value Chain Analysis
5.3. COVID-19 Impact Analysis
5.3.1. Market Impact Analysis
5.3.2. Impact On R&D
5.3.3. Regional Impact
5.3.4. Impact On Market Growth
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