Cell Banking Outsourcing Market is expected to Reach USD 33.12 billion by 2029

(IT-NEWSWIRE.COM, November 24, 2023 )

As per Maximize Market research, the Cell Banking Outsourcing Market was USD 11.03 billion. In 2022 and is expected to grow at a CAGR of 17.01 percent over the forecast period to reach USD 33.12 billion by 2029.

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Cell Banking Outsourcing Market Report Scope and Research Methodology

The Cell Banking Outsourcing Market Report provides an analysis of industry trends, market size, key players, growth factors, and challenges. The research methodology includes data collection, analysis, and validation from reliable sources, ensuring accuracy and credibility.

Cell Banking Outsourcing Market Dynamics

The cell banking outsourcing market is propelled by escalating demand for reliable cell lines in regenerative medicine, fuelled by investments in novel therapies, driving biopharmaceutical firms to outsource specialized, complex procedures for efficient development and personalized treatments.

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Cell Banking Outsourcing Market Regional Insights

North America dominated the Cell Banking Outsourcing Market in 2022. The region leads in technological advancements, fostering a high demand for cell banking services, driven by innovative therapies and a concentration of research-intensive organizations.

Cell Banking Outsourcing Market Segmentation

By Bank Type

Master Cell Banks

Working Cell Banks

Viral Cell Banking

By Cell Type

Stem Cell

Cord blood stem cell banking

Embryonic stem cell banking

Adult stem cell banking

Dental stem cell banking

Induced pluripotent stem cell (IPSC) banking

Non- Stem Cell

By Phase

Bank Storage

Cell Storage Stability Testing

Bank Preparation

Bank Characterization and Testing

Others

By Cell Type

Biologics Production

Vaccine Production

Stem Cell Research

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Cell Banking Outsourcing Key Players

WuXi App Tec

LifeCell International

Cryo-Cell International

Lonza

SGS

Charles River Laboratories

GBI

Perfectus Biomed

BSL Bio service

Covance

Maximize Market Research is leading Information Technology and telecommunication research firm, has also published the following reports:

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Cell Banking Outsourcing Market is expected to Reach USD 33.12 billion by 2029