Cellular Banking Outsourcing Market Demand Growth Opportunities Investment Trends Insights | DataM Intelligence

“Cellular Banking Outsourcing Market | DataM Intelligence »

North America holds a large share and is expected to do the same during the forecast period. Major drivers for market growth in this region include developed healthcare system, strong presence of major biopharmaceutical companies, rise in chronic diseases, and increase in research funding in this region.

Cellular Banking Outsourcing Market Outlook:

According to the research study conducted by DataM Intelligence, the cellular banking outsourcing market size is expected to reach USD 1 Billion by 2029, growing at a CAGR of 15.2% during the period. forecast 2022-2029.

A cell bank is a place where cells from various body fluids and organ tissues are stored for future use. Cells, cell lines and tissues are collected, stored, characterized and tested in the cell banking outsourcing industry.

Stem cell technology is a rapidly developing technology that plays a major role in regenerative medicine, as it also serves the disciplines of tissue engineering, cell therapeutics, developmental cell biology, gene therapy, chemical biology and nanotechnology. Additionally, in September 2021, LifeCell International, a stem cell bank and reproductive genetic testing service provider, disclosed that it had raised Rs 225 crore from OrbiMed Asia Partners IV, one of the leading groups investment in health care. Existing founders of LifeCell will also participate in this round by investing Rs 30 crore. Such fundraisers will drive the adoption of cellular banking outsourcing services, driving the growth of the market.

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Impact of COVID-19:

Covid-19 has significantly impacted the cellular banking outsourcing market due to the pause of different stem cell transplant practices across the globe. For example, according to the study published in Bone Marrow Transplantation, titled “Impact of the COVID-19 pandemic on the use and release of cord blood units facilitated by the French Network of Cord Blood Banks: for the account of the Biomedicine Agency, Eurocord and the French Society for Bone Marrow Transplantation and Cellular Therapy (SFGM-TC)’ in October 2021, to curb the spread of COVID-19, national lockdowns, international border closures, air and rail traffic restrictions have been put in place both internationally and in France, making the supply of stem cells to foreign and national donors more difficult. Additionally, transplant teams had to deal with unexpected events involving virus exposure in donors and harvesters, which were likely to affect stem cell clearance for donation.

Market segmentation :

By type of bank

  • Master Cell Banking*
  • Banking work cell
  • Viral cell bank

By cell type

  • Stem cell bank
    • Cord Stem Cell Bank
    • Embryonic Stem Cell Bank
    • Adult stem cell bank
    • Dental stem cell bank
    • Banking of induced pluripotent stem cells
    • Non-stem cell bank

Regional outlook:

North America holds a large share and is expected to do the same during the forecast period. Major factors driving the growth of the market in this region include the developed healthcare system, strong presence of major biopharmaceutical companies, rise in chronic diseases, and increase in research funding in this region, among others.

Key Companies Featured in the Global Market:

Some of the key players contributing to the growth of the market include Charles River Laboratories, Inc, Merck KGaA, Cryo-Cell International Inc., Clean Biologics, Goodwin Biotechnology Inc., LifeCell International Pvt. Ltd, SGS Life Sciences, among others.

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The full report contains the information below

  • The report offers a comprehensive valuation of the market in terms of market value (USD) and annual growth rate (%). It does this by using in-depth qualitative insights, historical data (2020-2021) and verifiable projections of the market size over the forecast period (2022-2029).
  • Visualize the composition of the global Gallbladder Cancer Treatment market segmentation by bank type, cell type, and country, highlighting major business assets and players.
  • Identify business opportunities in the global Gallbladder Cancer Treatment Market by analyzing trends and co-development agreements.
  • The report also covers data insights on various industry forces such as carrier’s five forces, regulations in each country, pipeline analysis, and pricing analysis.
  • Excel datasheet with thousands of data points 4/5 level segmentation of Global Gallbladder Cancer Treatment Market.
  • PDF report with the most relevant analysis convincingly assembled after exhaustive qualitative interviews and in-depth market research.
  • Product mapping in Excel for key product of all major market players
  • The report will provide access to approximately 50+ market data tables, over 40 figures and almost 180 pages.

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