Global GMP Cell Banking Services Market: Market Trends/Key Takeaways | Opportunities | WuXi AppTec Group, Charles River Laboratories International, Inc., Eurofins Scientific

The demand for ready-to-use bioassay banks has significantly increased. Ready-to-use bioassay banks are used in situations where cells are used straight from the vial in the bioassay, thereby eliminating the cell expansion step. Ready-to-use bioassay banks are typically large in size, commonly ranging between 400-1000 vials and have large cell densities per vial.

Major players in the market are focused on adopting M&A strategies to expand their product portfolio. For instance, in January 2020, Charles River Laboratories International, Inc. acquired HemaCare Corporation for around US$ 380 million in cash.

Several pharmaceutical and biotechnology companies are increasingly seeking full service in the form of global partners that can be outsourced the entire manufacturing process. This in turn is expected to offer lucrative growth opportunities for players in the market.

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Moreover, focus on fast growing emerging markets is also expected to aid in growth of the market. There has been a shift from investment in R&D and technology, especially in the healthcare industry, from North America and Europe to Asia Pacific. Developing economies such as India have ample skilled labor and qualified manpower at affordable costs, thereby increasing the scope for outsourcing of biotech projects.

Biopharmaceutical Companies segment in the global GMP cell banking services market was valued at US$ 315.4 Mn in 2019 and is expected to reach US$ 993.8 Mn by 2027 at a CAGR of 15.4% during the forecast period.

Regulations

U.S.

Section 501(a)(2)(B) of the FD&C Act; 21 CFR parts 210 and 211; and 21 CFR part 600

All manufacturing facilities to ensure compliance with cGMP regulations
cGMP includes the implementation of oversight and controls over the manufacture of drugs to ensure quality, including managing the risk of and establishing the safety of raw materials, materials used in the manufacturing of drugs, and finished drug products.
21 CFR 211.22(d)

Requirement of the quality unit of a pharmaceutical company to monitor adherence to regulations by a CMO
When a pharmaceutical company uses a contract facility, their quality unit is legally responsible for approving or rejecting drug products manufactured by the contract facility, including for final release. The regulations require that the quality unit’s responsibilities and procedures be in writing and that they be followed. Quality agreements should clearly describe the materials or services to be provided, quality specifications, and communication mechanisms between the owner and contract facility.
GMP Cell Banking Services | Coherent Market Insights

Global GMP Cell Banking Services Market: Competitive Landscape

Major players operating in the global GMP cell banking services market include, WuXi AppTec Group, Charles River Laboratories International, Inc., Eurofins Scientific, Merck KGaA, Lonza Group Ltd., SGS Ltd., ViruSure GmbH, Austrianova, Goodwin Biotechnology Inc., and Paragon Bioservices, Inc.

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Reasons to Buy a Full Report
• In depth analysis by industry experts
• Use of data triangulation method for examining the various aspects of the market
• Detailed profiling of the major competitors in the market
• A complete overview of the market landscape
• Computed Annual Growth Rate is calculated for period, 2020-2027

The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe GMP Cell Banking Services product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of GMP Cell Banking Services , with price, sales, revenue and global market share of GMP Cell Banking Services in 2018 and 2020.

Chapter 3, the GMP Cell Banking Services market trends competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the GMP Cell Banking Services breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2016 to 2020.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2016 to 2020.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2016 to 2020.

Chapter 12, GMP Cell Banking Services market forecast, by regions, type and application, with sales and revenue, from 2020 to 2025.

Chapter 13, 14 and 15, to describe GMP Cell Banking Services sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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