Press release
Mammalian Cell Banking Market is estimated to surge ahead at a CAGR of 13.8% to reach a revenue of around US$ 1.5 Billion by the end of 2033
Global revenue from the market was about US$ 380.6 Million in 2022 with the worldwide market estimated to surge ahead at a CAGR of 13.8% to reach a valuation of around US$ 1.5 Billion by the end of 2033.
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The growth of the Mammalian Cell Banking Market is driven by the increasing demand for cell-based research and drug discovery, the increasing demand for high-quality, well-characterized cell lines, and the increasing demand for personalized medicine. Additionally, the increasing focus on the development of new and innovative cell-based products, the increasing use of cell banks in biopharmaceutical and biotechnology industries, and the increasing availability of advanced technologies are also driving the growth of the Mammalian Cell Banking Market.
Companies
Eurofins DiscoverX Corporation
Merck KGaA
Sartorius Stedim BioOutsource Limited.
Charles River Laboratories
Altogen Labs
Abzena Ltd
Northway Biotechpharma
Lonza Group Ltd
VIRUSURE
Selexis SA
Sigma-Aldrich
Takara Bio Inc
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The Mammalian Cell Banking Market is segmented based on product type, application, and geography. The product type segment is divided into cryopreserved cells, cell lines, and others. The application segment is divided into pharmaceuticals, biotechnology, and others.
In conclusion, the Mammalian Cell Banking Market is expected to grow at a significant rate due to the increasing demand for cell-based research and drug discovery, the increasing demand for high-quality, well-characterized cell lines, and the increasing demand for personalized medicine. The increasing focus on the development of new and innovative cell-based products, the increasing use of cell banks in biopharmaceutical and biotechnology industries, and the increasing availability of advanced technologies are some of the factors that are driving the growth of the Mammalian Cell Banking Market.
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Key Segments Covered in Manufacturing of Industry Research
Cell Type:
CHO
BHK
NS0
YB2/0 & P2/0
HEK293 & Derivatives
HELA
Technology:
TEP
IEP
SEP
Application:
MCB
WCB
EoP
R&D CB
End User:
Academic & Research Institute
Biopharmaceutical Companies
CROs
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