[Latest Research] GMP Cell Banking Service Market is expected to cross US$ 200 Mn Bn by 2025

The healthcare vertical is growing at a rapid pace all over. There are hordes of healthcare opportunities available. Digitization is making a constructive entry into the vertical. Plus, with an influx of AI technology, profound diagnostics of the diseases are being made possible. There is customized medical software to execute this. As such, the GMP cell banking services market is bound to climb the digitized pedestal in the years to come.

North America is estimated to hold a whopping 45.3% value share in the global GMP cell banking services market by the end of 2017 and will witness an increase of 231 basis points in market share by 2025 over 2017. The North America regional market will create absolute $ opportunity of US$ 23 Mn in 2018 over 2017. In a new report titled "GMP Cell Banking Services Market: Global Industry Analysis and Forecast, 2017-2025," Persistence Market Research forecasts revenue from the North America market to grow 3.1x by 2025 end as compared to that in 2017.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐎𝐟 𝐆𝐌𝐏 𝐂𝐞𝐥𝐥 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.persistencemarketresearch.com/samples/13735

𝐂𝐨𝐦𝐩𝐚𝐧𝐲 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐬:

WuXi AppTec
Charles River Laboratories International, Inc.
Eurofins Scientific
Merck KGaA
Lonza Group Ltd
SGS Ltd
ViruSure GmbH
Austrianova
Goodwin Biotechnology Inc.
Paragon Bioservices, Inc.

𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐜𝐨𝐧𝐬𝐨𝐥𝐢𝐝𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 𝐢𝐧 𝐝𝐞𝐦𝐚𝐧𝐝 𝐟𝐨𝐫 𝐑𝐞𝐚𝐝𝐲-𝐭𝐨-𝐔𝐬𝐞 (𝐑𝐓𝐔) 𝐁𝐢𝐨𝐚𝐬𝐬𝐚𝐲 𝐁𝐚𝐧𝐤𝐬 𝐢𝐬 𝐭𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐆𝐌𝐏 𝐜𝐞𝐥𝐥 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬 𝐦𝐚𝐫𝐤𝐞𝐭

One of the key objectives of the report is to identify the key trends governing the global GMP cell banking services market and present a clear picture of the various forces impacting the market at a micro and macro level. A sustained growth of the market can be attributed to macro-economic drivers such as increased public and private sector funding for disease research, which is expected to bring newer therapies to the market; high costs of clinical development; and various collaborative initiatives to identify therapies for difficult-to-treat illnesses.

On the supply side, an expansion of production facilities by key players to meet growing customer demand besides offering customized solutions based on specific customer needs (this involves strategic tie-ups between biopharmaceutical companies and cell banking service providers) are some of the factors likely to push the global GMP cell banking services market ahead in the coming years. The report also identifies certain demand side drivers boosting the market such as a growing number of biologics in development currently, limited in-house storage and testing capabilities and a rise in the demand for outsourcing and contract manufacturing.

While the above growth factors are indicative of a mature market, Persistence Market Research identifies certain pull factors likely to restrain the market to a certain extent in the coming years. First off, the global GMP cell banking services market is highly fragmented with multiple vendors offering a variety of services - resulting in limited global reach. Besides, complexities in the production and manufacturing processes, a constantly evolving technology landscape, and inconsistent demand for services are likely to restrain revenue growth of the global GMP cell banking services market during the forecast period.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐅𝐨𝐫 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧 -https://www.persistencemarketresearch.com/request-customization/13735

Persistence Market Research predicts a large opportunity for key players in the fast growing Asia Pacific region. It must be noted that there has been a shift of R&D and technology investments in the healthcare industry from North America and Europe to Asia Pacific with developing APAC economies such as India offering increased scope for outsourcing of biotech projects owing to ample skilled and qualified manpower at optimal costs.

𝐌𝐚𝐦𝐦𝐚𝐥𝐢𝐚𝐧 𝐜𝐞𝐥𝐥 𝐭𝐲𝐩𝐞 𝐬𝐞𝐠𝐦𝐞𝐧𝐭 𝐭𝐨 𝐫𝐞𝐭𝐚𝐢𝐧 𝐢𝐭𝐬 𝐩𝐨𝐥𝐞 𝐩𝐨𝐬𝐢𝐭𝐢𝐨𝐧 𝐭𝐡𝐫𝐨𝐮𝐠𝐡𝐨𝐮𝐭 𝐭𝐡𝐞 𝐟𝐨𝐫𝐞𝐜𝐚𝐬𝐭 𝐩𝐞𝐫𝐢𝐨𝐝

Among the cell type segments, the Mammalian segment was the dominant segment in 2016 and is expected to retain its dominance through 2025. From an estimated US$ 216 Mn in 2017 to a market excess of US$ 680 Mn by the end of the forecast period, the Mammalian segment will register the highest CAGR of 15.6% among the other cell type segments. The Microbial segment is the second most attractive cell type segment in the global GMP cell banking services market in terms of revenue. Registering a value CAGR of 12.9% between 2017 and 2025, the Microbial segment will hold the second position among the cell type segments of the global GMP cell banking services market.

𝐁𝐢𝐨𝐩𝐡𝐚𝐫𝐦𝐚𝐜𝐞𝐮𝐭𝐢𝐜𝐚𝐥 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐭𝐡𝐞 𝐥𝐚𝐫𝐠𝐞𝐬𝐭 𝐞𝐧𝐝 𝐮𝐬𝐞𝐫𝐬 𝐨𝐟 𝐆𝐌𝐏 𝐜𝐞𝐥𝐥 𝐛𝐚𝐧𝐤𝐢𝐧𝐠 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬

Among the end user segment of the global GMP cell banking services market, the Biopharmaceutical Companies segment will emerge the undisputed leader both in terms of market share (estimated to hold almost 69% share by 2017 end) and CAGR (an impressive 15.4% during 2017 - 2025). In comparison, the Contract Manufacturing Organizations segment will come a pale second, recording a market attractiveness index of 0.5 during the forecast period.

𝐆𝐨 𝐓𝐨 "𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐍𝐨𝐰" 𝐓𝐨 𝐇𝐚𝐯𝐞 𝐎𝐮𝐫 𝐆𝐌𝐏 𝐂𝐞𝐥𝐥 𝐁𝐚𝐧𝐤𝐢𝐧𝐠 𝐒𝐞𝐫𝐯𝐢𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.persistencemarketresearch.com/checkout/13735

𝐊𝐞𝐲 𝐐𝐮𝐞𝐬𝐭𝐢𝐨𝐧𝐬 𝐀𝐧𝐬𝐰𝐞𝐫𝐞𝐝 𝐢𝐧 𝐓𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭.

What are the Roadblocks for GMP Cell Banking Services Suppliers?

What are the Key Opportunities for GMP Cell Banking Services Manufacturers?

How is Focus on Safety Influencing GMP Cell Banking Services Demand?

What is the Regulatory Impact on Global Sales of GMP Cell Banking Services?

Which Region Offers the Largest Opportunity for Sales of GMP Cell Banking Services?

Where Does the U.S. Stand in the Market for GMP Cell Banking Services?

What Is the Outlook for GMP Cell Banking Services Manufacturers in China?

Why is Germany a Lucrative Market for GMP Cell Banking Services Manufacturers?

Why Will Belgium Outpace Other European Markets for GMP Cell Banking Services?

Why is There High Demand for Tires in GMP Cell Banking Services?

Why are Sales of Tubeless GMP Cell Banking Services Surging?

𝐀𝐛𝐨𝐮𝐭 𝐏𝐞𝐫𝐬𝐢𝐬𝐭𝐞𝐧𝐜𝐞 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡:

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𝐂𝐨𝐧𝐭𝐚𝐜𝐭

Rajendra Singh
Persistence Market Research
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