Cell Banking Outsourcing Market Expectation Surges with Rising Demand and Changing Trends The Manomet Current – The Manomet Current

stemadminAugust 12, 2021Stem Cell BankingNo comments

In terms of revenue, the global Cell Banking Outsourcing Market is projected to value around USD USD 9440 million in 2026 growing at CAGR of 17.50% from 2021 till 2026. The Cell Banking Outsourcing Market stood at around USD USD 4210 million in 2019

The Cell Banking Outsourcing Market Study report incorporates a thoroughly studied analysis of competitive scenario including key players & manufacturers and their profiles, market type, product and its definitions and description, revenue forecast, 17.50%, growth driving forces and its explanation, trend & opportunities and growth outlook, regional and segmental analysis. The report is built of data derived from proprietary sources, primary and secondary research methodologies and is checked and verified by our in-house team of experts.

Cell banking is a process of replicating and storing cells for the purpose of future use. Storage of these cell samples can be utilized for research purposes and for surgical reconstruction of damaged body structures. Cells are frozen in cryovials at -196 degrees Celsius along with cryoprotection agents such as 10% solution of DMSO

Cell banking provides detailed characterization and avoids contamination of cell lines, as well as saves costs incurred by maintaining cells in cell culture.

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Regional Analysis

The regional analysis covered in this market study covers insights on distribution channel, marketing techniques, methodologies of prominent players which is further bifurcated on a country-wise basis and explains the reasons for the position of the market as well as the factors that will put the market in the projected state over the forecast period.

Furthermore, the report embodies analysis of each and every segment, its sub-categories, and explanation of the same. In addition, the report includes anticipation over the bifurcations of segments as to which part will have the highest growth and which category will hold the largest market share along with reasons for the same.

North America region dominated the market in 2020 with a market share of more !Syntax Error, * and is anticipated to continue its dominance in the upcoming years.There are a significantly high number of research and development projects ongoing in the region related to cytological investigation for proteomics, genomics, and drug and vaccine development. Growing need for vaccines and biopharmaceuticals is also anticipated to fuel the growth of this region. Leading countries

Driving Factors

Increased disorders

Rise in prevalence of oncology associated diseases and other infectious chronic disorders are expected to promote cytological R&D in which cell banking plays a pivotal role thereby driving growth.

Restraints

High cost

High cost associated with storing these cells in cell banks is a major challenge faced by this market. On an average, storage of cells account for up to US$ 2,500 annually, which in turn, is expected to hamper expansion of the cell banking outsourcing market.

Opportunity

Key Players

Charles River Laboratories, Cryo-Cell International Inc., BioOutsource (Part of Sartorious Stedim Biotech Group)Ltd., BioReliance Corporation, BSL Bioservice Scientific Laboratories Munich GmbH, Cleancells, CordLife Group Ltd, Covance, Inc., Cryobanks International India, GlobalStem Inc., LifeCell International Pvt. Ltd., Goodwin Biotechnology Inc., Lonza. Additionally, PXTherapeutics SA, Reliance Life Sciences, SGS Life Sciences, Texcell SA, Toxikon Corporation, Transcell Biologics Pvt. Ltd., and Wuxi Apptec.

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Segmentations

Bank Type

Master Cell Banking

Working Cell Banking

Viral Cell Banking

Cell Type

Stem cell and Non-stem cell

Cell Banking Outsourcing Market: Regional Analysis

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Table of Contents for the Cell Banking Outsourcing Market market report:

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