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Prominent Cell Banking Outsourcing Market Trend for 2025: Innovative Single Cell Potency Characterization Platform Revolutionizes Cell Therapy Research
Cell Banking Outsourcing
The upward trend in chronic disease burdens is anticipated to drive expansion in the cell banking outsourcing market. These diseases are usually slow to develop but tend to be persistent and long-lasting. This increasing trend of chronic diseases is linked to several factors, such as changes in lifestyle, aging demographics, and hereditary predispositions. Cell banking outsourcing contributes significantly towards the research and development initiatives focused on addressing chronic diseases, providing access to specialized skills, resources, and infrastructure that may otherwise be unavailable in-house. For example, in July 2023, the Department of the Treasury, a national treasury and financial department based in Australia, reported that in 2020-21, nearly 46.6% of Australians across all age groups had at least one chronic disease, with nearly 18.6% having two or more chronic conditions. As such, the increase in chronic disease burdens is propelling the growth of the cell banking outsourcing market.
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How will the growth rate of the cell banking outsourcing market shape industry trends by 2034?
Recently, the cell banking outsourcing market has experienced significant growth. Its size is projected to expand from $11.19 billion in 2024 to $12.89 billion in 2025, marking a compound annual growth rate (CAGR) of 15.2%. Factors contributing to this growth during the historical period include the increased incidence of chronic diseases, several government initiatives and regulatory guidelines, and the expansion of banking services.
The market size of cell banking outsourcing is predicted to witness a swift expansion in the coming years. The market is set to reach $22.39 billion in 2029 with a compound annual growth rate (CAGR) of 14.8%. The surge in the forecast period can be credited to increasing utilisation of cellular products, escalating demand for monoclonal antibodies, a growing trend in stem cell therapies, an increasing older population, and a higher dependency on cell-dependant therapies. Key trends for the forecasted period include innovative products, advancements in technology, investment in research and development, and collaborations between biotech firms and specialized cell banking services.
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What trends are poised to drive the future success of the cell banking outsourcing market?
Key players in the cell banking outsourcing market are concentrating on the development of technologically advanced solutions such as single-cell potency characterization platforms, which offer an in-depth and accurate analysis of the potency of each individual cell. A single-cell potency characterization platform involves highly sophisticated technologies or methodologies, targeting the evaluation and gauging the potency and functioning of individual cells in a cell population. For example, Cellply Srl, a biotechnology company based in Italy, in January 2024, introduced VivaCyte, its premier product and a comprehensive single-cell potency characterization platform. This platform amalgamates potency analysis and immunophenotyping in order to simplify the process of cell therapy research and development. VivaCyte is an entirely automated, standalone platform with single-cell resolution aimed at trimming development times, costs, and risks by rapidly and thoroughly characterizing the intricate functionality and mechanism of potential cellular immunotherapies. This platform facilitates swift testing of numerous cell therapy candidates generated through various process options against multiple target tumor cells, delivering dependable immune cell characterization and single-cell functional characterization in a time substantially lesser than existing analytical tools.
Which primary segments of the cell banking outsourcing market are driving growth and industry transformations?
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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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.
Who are the influential players reshaping the cell banking outsourcing market landscape?
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.
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What Is Covered In The Cell Banking Outsourcing Global Market Report?
•Market Size Forecast: Examine the cell banking outsourcing market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cell banking outsourcing market for a structured understanding.
•Key Players Overview: Analyze major players in the cell banking outsourcing market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cell banking outsourcing market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cell banking outsourcing market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cell banking outsourcing market.
•Industry Challenges: Identify potential risks and obstacles affecting the cell banking outsourcing market.
•Competitive Landscape: Review strategic developments in the cell banking outsourcing market, including expansions, agreements, and new product launches.
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