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Primary Catalyst Driving Cell Banking Outsourcing Market Evolution in 2025: Driving Growth Of Cell Banking Outsourcing Market Amid Rising Burden Of Chronic Diseases Driver
Cell Banking Outsourcing Market
The growth trajectory of the cell banking outsourcing market has been on a steady upswing in recent years. The market size is set to escalate from $11.19 billion in 2024 to $12.89 billion in 2025, growing at a compound annual growth rate (CAGR) of 15.2%. The significant growth observed during the historical period is a result of increased instances of chronic diseases, enhanced governmental efforts, regulatory assistance and guidelines, alongside the expansion in the formation of banking services.
In the upcoming years, there is predicted to be a swift expansion in the size of the cell banking outsourcing market. The predicted value for this market by 2029 is said to be $22.39 billion, growing at a compound annual growth rate (CAGR) of 14.8%. Several factors contribute to this growth during the forecast period, including the increased usage of cellular products, a surge in demand for monoclonal antibodies, wider acceptance of stem cell therapies, a growing older population, and a higher reliance on cell-based therapies. Key trends expected within the forecast period involve product innovation, advancements in technology, greater investment in research and development, and cooperation between biotechnological firms and specialized cell banking services.
What Are the Forces Behind the Rapid Growth of the Cell Banking Outsourcing Market?
The escalating load of chronic illnesses is anticipated to fuel the expansion of the cell banking outsourcing market in the future. Chronic ailments are enduring ailments that usually progress slowly and persist for a long length of time. The increased occurrence of these chronic illnesses can be attributed to a mix of various aspects like alterations in lifestyle, aging demographics, and genetic susceptibilities. Cell banking outsourcing provides a significant contribution in propelling research and development activities aimed at tackling chronic diseases by offering access to skills, resources, and facilities that may be absent internally. To illustrate, as per the report by the Department of Treasury in July 2023, an organ of the national treasury and fiscal department from Australia, nearly half of the Australian population across all age groups (46.6%) were battling one or more chronic diseases in 2020-21, and almost one in five (18.6%) were suffering from two or more chronic conditions. Hence, the increasing load of chronic diseases is promoting growth in the cell banking outsourcing market.
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Which Key Market Leaders Are Driving Cell Banking Outsourcing Industry Growth?
Major companies operating in the cell banking outsourcing market are LabCorp Drug Development, SGS Life Sciences, Lonza Group Ltd., WuXi AppTec, Charles River Laboratories, Sigma-Aldrich Co. Ltd., Covance Inc., Global Stem Inc., LifeCell, Cryoviva India, Sartorius AG, Bio Reliance, CordLife, Reliance Life Sciences, Cryo-Cell International Inc., Toxikon Corp., Cleancells, Clean Biologics, Texcell, PX'Therapeutics SA, Goodwin Biotechnology Inc., Transcell Biolife Pvt Ltd., Perfectus Biomed Limited, BioStorage Technologies Inc.
What Are the Emerging Trends in the Cell Banking Outsourcing Industry?
Leading corporations within the cell banking outsourcing industry are concentrating on creating technologically superior solutions such as single-cell potency characterization platforms. These platforms aim to give an accurate and comprehensive analysis of the potency of individual cells. The technology and methodologies employed are intended to evaluate the potency and functional abilities of singular cells within a cell population. Cellply Srl, a biotech firm located in Italy, in January 2024, introduced VivaCyte, their primary product. It is a comprehensive single-cell potency characterization platform that diminishes development times, expenses, and potential hazards by giving a rapid and thorough understanding of the intricate functionality and action mechanism of potential cellular immunotherapies. VivaCyte is a fully automated, independent platform that operates with single-cell resolution. It facilitates swift testing of various cell therapy candidates using various process alternatives against several target tumour cells, providing consistent immune cell characterization along with single-cell functional characterization in far less time than existing analytical instruments.
What Are the Main Segments in the Cell Banking Outsourcing Market?
The cell banking outsourcing market covered in this report is segmented -
1) By Type: Master Cell Banking, Working Cell Banking, Viral Cell Banking
2) By Cell Type: Stem Cell Banking, Non-Stem Cell Banking
3) By Phase: Bank Storage, Bank Characterization And Testing, Bank Preparation
Subsegments:
1) By Master Cell Banking: Human Master Cell Bank, Animal Master Cell Bank
2) By Working Cell Banking: Human Working Cell Bank, Animal Working Cell Bank
3) By Viral Cell Banking: Virus Bank For Vaccine Production, Viral Vector Bank For Gene Therapy, Adenovirus Bank
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Which Geographic Area Leads the Cell Banking Outsourcing Market?
North America was the largest region in the cell banking outsourcing market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cell banking outsourcing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
What Is Covered In The Cell Banking Outsourcing Global Market Report?
- Market Size Analysis: Analyze the Cell Banking Outsourcing Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Cell Banking Outsourcing Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Cell Banking Outsourcing Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Cell Banking Outsourcing Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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