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Driving Growth Of Cell Banking Outsourcing Market Amid Rising Burden Of Chronic Diseases Emerges as a Core Driver of the Cell Banking Outsourcing Market in 2025
Cell Banking Outsourcing
What Is the Expected CAGR for the Cell Banking Outsourcing Market Through 2025?
In recent times, there has been a swift expansion in the size of the cell banking outsourcing market. The market is projected to rise from a sizeable $11.19 billion in 2024 to an even more significant $12.86 billion in 2025, indicating a compound annual growth rate (CAGR) of 15.0%. The unprecedented growth during the historic period is a testament to a burgeoning prevalence of chronic diseases, a higher frequency of government overtures, the support, and regulations provided by regulatory bodies, and a boost in the inception of banking services.
What's the Projected Size of the Global Cell Banking Outsourcing Market by 2029?
Expectations are high for swift expansion in the cell banking outsourcing market size in the upcoming years, with projection to swell to "$21.65 billion by 2029, measuring a compound annual growth rate (CAGR) of 13.9%. The influential factors for this uptick during the forecast period are an increased acceptance of cellular products, a surge in demand for monoclonal antibodies, a broadening usage of stem cell therapies, an escalating elderly population and the increasing reliance on cell-based therapies. Key trends for the forecast period encompass the innovation of products, advancements in technology, investment towards research and development and the strategic partnerships between biotech companies and dedicated cell banking services.
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Top Growth Drivers in the Cell Banking Outsourcing Industry: What's Accelerating the Market?
The escalating prevalence of chronic diseases is anticipated to fuel the expansion of the cell banking outsourcing market. Chronic diseases are enduring health issues that usually evolve slowly and last for a protracted duration. The surge in these diseases can be linked to an amalgamation of various elements like lifestyle modifications, aging population, and genetic factors. The outsourcing of cell banking significantly contributes to research and development initiatives targeting chronic diseases by offering access to know-how, facilities, and resources that might not be obtainable in-house. For instance, as per the data shared by the Department of the Treasury, a financial department based in Australia, in July 2023, during 2020-21, about 46.6% of all age Australians had one or more chronic diseases, and nearly 18.6% had at least two or more chronic conditions. Consequently, the surge in chronic diseases is propelling the growth of the cell banking outsourcing market.
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Which Emerging Trends Are Transforming the Cell Banking Outsourcing Market in 2025?
Leading corporations in the cell banking outsourcing market have been focusing on creating advanced technological solutions like single-cell potency characterization platforms. These platforms cater to the precise analysis of individual cell efficacy. A single-cell potency characterization platform incorporates sophisticated technology and methodologies for evaluating the potency and functions of individual cells in a cell population. For instance, Italian-based biotech company, Cellply Srl unveiled VivaCyte - an end-to-end single-cell potency characterization platform in January 2024. This platform, which is their leading product, blends potency analysis with immunophenotyping to simplify cell therapy study and development. VivaCyte is a fully self-sufficient platform with single-cell resolution crafted to cut back on development times, costs, and risks by swiftly and comprehensively characterizing the complex functionality and possible cellular immunotherapy's action mechanism. It facilitates quick testing of multiple cell therapy candidates from different process options against various targeted tumor cells. It also ensures reproducible immune cell characterization and single-cell functional characterization in less time than conventional analytical tools need.
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 Top Companies are Driving Growth in the Cell Banking Outsourcing Market?
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.
Which Regions Will Dominate the Cell Banking Outsourcing Market Through 2029?
North America was the largest region in the cell banking outsourcing market in 2024. 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.
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