Cell Banking Outsourcing Market Growth, Share and Global Market Size to Reach USD 33137.7 Million by 2030

Market Scope & Overview

According to a report by SNS Insider, the Cell Banking Outsourcing market reached USD 9,969.50 million in 2022. It is projected to exhibit a compound annual growth rate (CAGR) of 16.2% from 2022 to 2030, with an estimated value of USD 33,137.7 million by 2030.

Cell Banking Outsourcing refers to the practice of entrusting the establishment, storage, and maintenance of cell banks to external service providers or specialized companies. Cell banks are repositories of cells derived from a particular source, such as mammalian cells, microbial cells, or stem cells. These cells are typically used in various applications, including research, development, and production of biopharmaceuticals, cell-based therapies, and vaccines.

Key Players Covered in Cell Banking Outsourcing market report are: Charles River Laboratories International, Inc. and Lonza Group Ltd., SGS SA, Goodwin Biotechnology Inc., Eurofins Scientific SE, ViruSure GmbH, WuXi AppTec, Inc., BioReliance Corporation, a unit of Merck KGaA, Toxikon Corporation, and Texcell, Inc., and other

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Market Analysis

The Cell Banking Outsourcing market has shown significant growth in recent years and is expected to continue expanding in the future. Outsourcing cell banking can offer cost advantages to organizations. Maintaining an in-house cell banking facility requires substantial investments in infrastructure, equipment, trained personnel, and ongoing operational costs. Outsourcing eliminates the need for such capital-intensive investments and allows organizations to allocate resources more efficiently. Additionally, economies of scale achieved by specialized service providers can result in cost savings, as they can spread expenses across multiple clients.

Impact of Recession

Recessions impact the Cell Banking Outsourcing market by reducing demand, promoting cost optimization measures, triggering market consolidation, influencing geographic preferences, and emphasizing quality and compliance. Service providers in this industry must be prepared to navigate these challenges by adapting their strategies, optimizing costs, focusing on quality and compliance, and exploring partnerships and collaborations. By doing so, they can position themselves to withstand economic downturns and emerge stronger when the market recovers.

Segmentation Analysis

The Master Cell Banking (MCB) segment and the Bank Storage segment are poised to dominate the Cell Banking Outsourcing market. The MCB segment's focus on quality control, risk mitigation, and scalability provides a solid foundation for downstream processes. Simultaneously, the Bank Storage segment offers expertise, infrastructure, risk mitigation, and regulatory compliance for long-term cell bank preservation. By leveraging these two segments, companies can streamline their operations, enhance product quality, and reduce risks associated with cell banking. Embracing these advancements will undoubtedly shape the future of Cell Banking Outsourcing, driving industry growth and fostering innovation.

Cell Banking Outsourcing Market Segmentation as Follows:

By Type:

·        Master Cell Banking

·        Working Cell Banking

·        Viral Cell Banking

By Cell Type:

·        Stem Cell

o   Cord Cell Banking

o   Embryonic Stem Cell Banking

o   Adult Stem Cell Banking

o   Dental Stem Cell Banking

o   IPS Stem Cell Banking

·        Non-Stem Cell

By Phase:

·        Bank Storage

o   Master Cell Bank Storage

o   Working Cell Bank Storage

o   Cell Storage Stability Testing

·        Bank Characterization & Testing

o   Safety Testing

§ Viral Cell Banks

§ Microbial Cell Banks

o   Gene Expression Testing

o   Karyology Testing

o   Gene Sequencing Testing

·        Bank Preparation

o   Master Cell Bank Preparation

o   Working Cell Bank Preparation

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Regional Status & Analysis

As the Cell Banking Outsourcing market continues to expand, North America is poised to dominate this sector. The region's advanced infrastructure, robust regulatory framework, collaborative ecosystem, skilled workforce, and market competitiveness position it as the preferred destination for clients worldwide. With ongoing advancements in cell therapy research and increasing demand for cell banking services, North America's leadership in this field is expected to grow further, driving innovation and economic growth in the region.

Conclusion

The market holds promising future prospects due to the increasing adoption of cell-based therapies, the complexity of cell banking procedures, cost advantages, regulatory compliance requirements, and the globalization of the biopharmaceutical industry. As these factors continue to shape the landscape of the life sciences sector, outsourcing cell banking services will remain an essential strategy for organizations seeking efficient and reliable solutions in cell line management.

Frequently Asked Questions/ Key Reasons to Purchase this Report

What is the projected outlook for Cell Banking Outsourcing market growth?

·        The market is projected to surpass USD 33,137.7 million by the year 2030.

What are the major factors influencing the Cell Banking Outsourcing market?

·        The globalization of the biopharmaceutical industry and the rise of cross-border collaborations and partnerships also drive the demand for Cell Banking Outsourcing.

Who are the leading players in the Cell Banking Outsourcing market?

·        SGS SA, Goodwin Biotechnology Inc., WuXi AppTec, Inc., BioReliance Corporation, Eurofins Scientific SE, ViruSure GmbH, a unit of Merck KGaA, and Texcell, Inc.

Table of Content

Chapter 1 Introduction

Chapter 2 Research Methodology

Chapter 3 Market Dynamics

Chapter 4. Impact Analysis (COVID-19, Ukraine- Russia war, Ongoing Recession on Major Economies)

Chapter 5 Value Chain Analysis

Chapter 6 Porter’s 5 forces model

Chapter 7 PEST Analysis

Chapter 8 Cell Banking Outsourcing Market Segmentation, By Type

Chapter 9 Cell Banking Outsourcing Market Segmentation, By Cell Type

Chapter 10 Cell Banking Outsourcing Market Segmentation, By Phase

Chapter 11 Regional Analysis

Chapter 12 Company profile

Chapter 13 Competitive Landscape

Chapter 14 Use Case and Best Practices

Chapter 15 Conclusion

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