2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Primary Drivers Are Supporting the Continued Market Growth of theCell Banking Outsourcing Market?

The augmentation of chronic illnesses’ weight is anticipated to stimulate the expansion of the cell banking outsourcing market in the near future. Chronic illnesses are enduring issues that usually develop slowly and linger for a prolonged duration. The escalating prevalence of chronic diseases can be ascribed to a mixture of several elements, encompassing lifestyle alterations, elderly populations, and genetic predisposition. Cell banking outsourcing significantly contributes to enhancing research and development endeavors intent on tackling chronic diseases by ensuring access to expertise, resources, and infrastructure that may be inaccessible internally. For example, the Department of the Treasury disclosed in July 2023 that, according to an Australian national treasury and financial department, nearly half of all Australians (46.6%) had one or more chronic illnesses in 2020-21, and nearly one in five (18.6%) had two or more chronic conditions. Hence, the increasing burden of chronic diseases is propelling the cell banking outsourcing market’s growth.

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#What is the Projected CAGR for the Cell Banking Outsourcing Market Size from 2025 to 2034?

The market size for cell banking outsourcing has seen a swift expansion in the past few years. The market’s projected growth will escalate from $11.19 billion in 2024 to $12.89 billion in 2025, with a compound annual growth rate (CAGR) of 15.2%. The historical growth’s driving forces include the escalating prevalence of chronic conditions, an uptick in government initiatives, the presence of supportive regulations and guidelines, and an increase in the establishment of banking services.

Anticipated rapid expansion is predicted for the cell banking outsourcing market size in the forthcoming years, reaching a valuation of $22.39 billion by 2029, accelerating at a compound annual growth rate (CAGR) of 14.8%. Factors for the positive projection in this period include the elevated usage of cellular products, a surge in demand for monoclonal antibodies, increased uptake of stem cell therapies, an aging global population, and increased reliance on cell-based treatments. Noteworthy trends during this forecast period comprise product breakthroughs, technological enhancements, investment in research and innovations, and partnerships between biotech corporations and specific cell banking services.

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How Are Consumer Market Innovations Shaping the Current and Future Landscape of theCell Banking Outsourcing Market?

Key players in the cell banking outsourcing market are concentrating their efforts on creating innovative and technologically advanced solutions like single-cell potency characterization platforms. These platforms yield accurate and comprehensive analysis of cell potency at a single-cell level. For instance, in January 2024, Cellply Srl, a biotech firm from Italy, unveiled its flagship product, VivaCyte. VivaCyte is a holistic single-cell potency characterization platform that combines potency analysis with immunophenotyping to simplify cell therapy research and development. The platform is an autonomous, complete system with single-cell resolution, designed to expedite development, lower costs, and mitigate risks by swiftly and thoroughly analyzing the intricate functionality and action mechanisms of potential cellular immunotherapies. VivaCyte aids in the quick testing of multiple cell therapy options from different process alternatives, against various target tumor cells, offering consistent immune cell characterization and single-cell functional analysis in less time than traditional analytic tools.

Who Are the Key Market Players Influencing the Growth of the Corn and Cell Banking Outsourcing Industry?

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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Which Key Market Segments Comprise the Cell Banking Outsourcing Market and Drive Its Revenue Growth?

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 Regions Are Emerging as Leaders in 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.

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