PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1385585
PUBLISHER: SPER Market Research Pvt. Ltd. | PRODUCT CODE: 1385585
Cell Banking Outsourcing Market Introduction and Overview
According to SPER Market Research, ' Cell Banking Outsourcing Market Size- By Type, By Cell Type, By Phase- Regional Outlook, Competitive Strategies and Segment Forecast to 2033'state that the Cell Banking Outsourcing Market is predicted to reach USD 56.71 billion by 2033 with a CAGR of 16.5%.
The surging demand for stem cell therapies is a major catalyst for market growth. Stem cell applications in areas like cell therapy, regenerative medicine, drug discovery, toxicity evaluation, and developmental biology research show immense potential in preserving their inherent properties, preventing contamination, and ensuring effective utilization in both foundational and future therapeutic research. Additionally, several stem cells originate from unique sources, such as cord blood previously discarded but now valuable in treating conditions like blood cancers.
Furthermore, the industry for cell banking outsourcing has been affected by the COVID-19 epidemic in both positive and negative ways. Positively, the epidemic has brought attention to how crucial it is to create vaccines and cell-based therapeutics. As a result, the market is expanding faster and there is now a greater need for cell banking services. But the pandemic has also slowed down R&D efforts and upset international supply chains, which has had an impact on the market's overall growth to some degree.
Scope of the Report:
Report Metric Details
Market size available for years 2019-2033
Base year considered 2022
Forecast period 2023-2033
Segments covered By Type, By Cell Type, By Phase
Regions covered North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
Companies Covered Charles River Laboratories, Inc., Clean Biologics, Cordlife Group Limited, Cryo-Cell International Inc., Lonza, Merck KGaA, Reliance Life Sciences, SGS Life Sciences, Texcell, Wuxi Apptec, Others
Cell Banking Outsourcing Market Segmentation:
By Type: Based on the Type, Cell Banking Outsourcing Market is segmented as; Master Cell Banking, Viral Cell Banking, Working Cell Banking.
By Cell Type: Based on the Cell Type, Global Cell Banking Outsourcing Market is segmented as; Stem Cell (Adult Stem Cell Banking, Cord Cell Banking, Dental Stem Cell Banking, Embryonic Stem Cell Banking, IPS Stem Cell Banking), Non-stem Cell.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.