Cell Banking Outsourcing Market Size, Embracing Growth Opportunities in 2025-2031
The cell banking outsourcing market involves the delegation of cell banking processes to specialized third-party service providers. These services are crucial in biotechnology, pharmaceutical, and research sectors, ensuring the preservation, storage, and quality management of cell lines used for various applications including drug development, vaccine production, and regenerative medicine.
Some of the key players profiled in the study are Charles River Laboratories (United States), Lonza Group (Switzerland), WuXi AppTec (China), Cytovance Biologics (United States), Medpace (United States), Eurofins Scientific (France), KBI Biopharma (United States), Fujifilm Diosynth Biotechnologies (Japan), Pall Corporation (United States), Merck KGaA (Germany).
According to HTF Market Intelligence, the Global Cell Banking Outsourcing market to witness a CAGR of 17.01% during forecast period of 2025-2031. Global Cell Banking Outsourcing Market Breakdown by Type (Master Cell Banking, Working Cell Banking, Viral Cell Banking) by Cell (Stem Cell, Non-stem Cell) by Phase (Bank Storage, Bank Characterization & Testing, Bank Preparation) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The report includes historic market data from 2020 to 2024E. Currently, market value is pegged at USD 12.9 Billion.
Market Drivers:
1)Rising Demand for Biotech and Pharma
2)Expertise and Technology Access
Market Opportunities:
1)Technological Advancements
2)Smart Technology Integration
Market Challenges:
1)Communication and Coordination
2)Vendor Reliability
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