The cell banking outsourcing market was estimated to be worth USD 10.7 billion globally in 2022, and a compound annual growth rate (CAGR) of 18.1% is anticipated over the course of the projected period. The market is expanding at a substantial rate due to the rising demand for monoclonal antibodies and the expanding use of stem cell treatment.

The market is expanding due to rising demand for gene and cell-based therapies. The demand for specialist knowledge and economical solutions in managing important cell lines utilized for research, development, and therapeutic manufacture is driving this quickly expanding area of biotechnology and pharmaceuticals.

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Growth Drivers

Increasing demand for biopharmaceuticals: The need for effective cell banking services to support the development and manufacture of biopharmaceuticals and cell-based treatments is growing. The demand for outsourcing partners with state-of-the-art technology and procedures is driven by developments in cell culture techniques, cryopreservation, and cell line authentication.

Cost-effectiveness and efficiency: Companies can strategically allocate resources by outsourcing cell banking services, which should be more affordable than in-house infrastructure setup and maintenance. Tight regulatory requirements force businesses to look for specialized outsourcing providers' expertise in compliance standards and quality assurance.

Segmentation

Bank Types

·         Master Cell Banks

·         Working Cell Banks

·         Viral Cell Banks

By Phase

·         Bank Storage

·         Cell Storage Stability Testing

·         Bank Preparation

·         Bank Characterization and Testing

·         Others

By Cell-Type

Stem Cell

·         Cord Blood Stem Cell Testing

·         Embryonic Stem Cell Banking

·         Adult Stem Cell Banking

·         Dental Stem Cell Banking

·         Induced Pluripotent Stem Cell Banking

Non-Stem Cell

Regional Outlook

·         Asia Pacific

·         North America

·         Latin America

·         Europe

·         Middle East and Africa

Key Players

·         Covance

·         Goodwin Biotechnology

·         BSL Bio service

·         SGS

·         Lonza

·         Life cell International

·         Reliance Life Science

·         Cord Life Group Limited

·         Charles River Laboratories

·         Labcorp Drug Development

·         Perfectus Biomed Limited

·         Other Players

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