Press release
Cell Banking Outsourcing Market to Grow at a CAGR of 26.6% By 2025 Top Key Players: BioReliance, Covance, GlobalStem Inc., BSL Bioservice, Cleancells, Charles River Laboratories Lonza, Toxikon Corporation, Cryobanks International India, Wuxi Apptec, Relia
Cell Banking Outsourcing Market
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Market players:
BioReliance, Covance, GlobalStem Inc., BSL Bioservice, Cleancells, Charles River Laboratories Lonza, Toxikon Corporation, Cryobanks International India, Wuxi Apptec, Reliance Life Sciences, LifeCell International Pvt. Ltd., BioOutsource (Sartorious), CordLife, PX’Therapeutics SA, SGS Life Sciences, Texcell and Cryo-Cell International Inc among others.
In a century, cell culture has evolved effectively as a core technique with a diverse range of application. This has also contributed ethically in the development of tissue culture engineering. Scientist are able to rapidly increase assess to the potential efficiency that has created a huge demand for cell banking in the recent past. This has influenced the market growth in the coming years owning to the need for good cell banking practices and procedures.
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The cell banking outsourcing market is primarily driven by the increasing need for good outsourcing laboratories that work along with the partners for fulfilling the upcoming needs for the stem cells in the coming years. Additionally, continuous drug development and ongoing research for developing drugs that are used in genetic profiling to also influence the market growth during the forecast period. Furthermore, supporting governments regulations that has influenced the increase number of stem cell research and its related application to also be a major driving force in the recent past. However, cost related to the stem cell treatment and cord cell isolation would impede the cell banking outsourcing market in the coming years.
The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global cell banking outsourcing Market, 2017-2025. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.
North America generated the highest revenue in 2017 in the cell banking outsourcing market owing to the growing number of clinical trials by the increasing number of key players in this region, and rising number of applications of stem cells. Moreover, increasing number of regulatory bodies that promote cell banking, and increasing number of registrations by International Conference on Harmonization to also drive the market growth in North America. While, Asia Pacific is estimated to be the fastest growing market owning to the continuous changing healthcare industry in the developing countries.
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Competitive Landscape and Key Vendors
The global cell banking outsourcing market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.
Key Segments
Type
• Master Cell Banking
• Viral Cell Banking
• Working Cell Banking
Product Type
• Cord Cell Banking
• Adult Stem Cell Banking
• IPS Stem Cell Banking
• Embryonic Stem Cell Banking
• IPS Stem Cell Banking
Cell Type
• Stem Cell
• Non-Stem Cell
Phase
• Bank Storage
o Working Cell Bank Storage
o Master Cell Bank Storage
o Cell Storage Stability Testing
• Bank Preparation
• Bank Characterization & Testing
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.
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