Press release
Cell Banking Outsourcing Market Forecast To Witness Significant Growth By 2026 Estimated By Global Top Players Charles River Laboratories, Cryo-Cell International Inc., BioOutsource Ltd., BioReliance Corporation, Cleancells, and CordLife Group Ltd.
Global Cell banking Outsourcing Market
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Growing Number Of Stem Cell Therapies To Drive Growth Of The Cell Banking Outsourcing Market
Growing number of stem cell therapies over the recent past, is expected to drive growth of the cell banking outsourcing market. As per survey by World Network for Blood and Marrow Transplantation (WBMN), during 2006–2014, around one million hematopoietic stem cell transplantation were undertaken. These included removing stem cells from bone marrow or peripheral blood and proliferating and storing them in cell banks for later use in patients. Stem cell therapy is applicable for treatment of over 100 diseases currently, as per a report by World Marrow Donor Association, in 2016. Furthermore, increasing research and development in therapy areas such as immunotherapy (Checkpoint Inhibitors, CAR-T, and ACTRC), are being initiated for the treatment of diseases such as cancer. Immunotherapy involves genetically modifying T cells of patients, in vitro proliferation of these cells, storing of these cells in cell banks, further injecting them back into the patient’s body, to produce immune response and kill cancerous cells. Furthermore, increasing demand for biologic products such as vaccines, which involve the use of viral cell banking and viral cell banking safety testing are expected to propel growth of the cell banking outsourcing market.
Major Players Operating In The Cell Banking Outsourcing Market:
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, PX’Therapeutics SA, Reliance Life Sciences, SGS Life Sciences, Texcell SA, Toxikon Corporation, Transcell Biologics Pvt. Ltd., and Wuxi Apptec.
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Cell banking Outsourcing Market Taxonomy:
On the basis of type of bank:
Master Cell Banking
Working Cell Banking
Viral Cell Banking
On the basis of type of cell:
Stem Cell Banking
Cord Stem Cell Banking
Embryonic Stem Cell Banking
Adult Stem Cell Banking
Dental Stem Cell Banking
IPS Stem Cell Banking
Non-stem Cell Banking
On the basis of phases of banking:
Cell Bank Storage
Bank Characterization and Testing
- Safety Testing
- Cell Bank Preparation
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