All updated as on -
By 2030, the market for GMP cell banking services is anticipated to reach a value of USD 282 million, growing at a 5.5% CAGR from 2023 to 2030. The market for GMP Cell Banking Services has expanded as a result of increased support from government agencies. The government agencies are also approving the participants in the market.
A cell bank is a place where cells with a certain genome can be stored with the hope of using them in the future for research or to make a product. Cell banks usually have large amounts of base cell material that can be used for a variety of purposes. Cell banks are used to create cell lines with exact properties and to lessen cross-contamination of the same. Additionally, using cell banks makes it more economical to do cell culture procedures than keeping cells in culture continually.
The two primary factors anticipated to propel the expansion of the global GMP cell banking services market are the increased demand for the technology and the global emergence of rare diseases. Cell banks are frequently employed in a variety of industries, including pharmaceuticals and stem cell research. The traditional method for keeping the parts of cells intact is known as cryopreservation. Furthermore, cell banks have the capacity to lower the proportion of cell samples that have undergone spontaneous cell division over time. The funding of initiatives for rare illness research and development has increased, which is anticipated to pave the way for the expansion of the global GMP cell banking services market during the course of the forecast period. The US Food and Drug Administration's (FDA) funding of research into rare diseases serves as one illustration.
The Orphan Products Grants Programme, which offers financing for natural history research and clinical trials for uncommon medical conditions, is one example of a law-mandated effort used by the FDA. Additionally, it is projected that the development of multiple stem cell banking resource centres will favourably affect the global GMP cell banking services market. For instance, Kuala Lampur-based cord blood bank Stemlife Berhad has created a stem banking resource centre at Jerudong Park Medical Centre, a private hospital in Brunei. Such strategies used by leading market participants will likely fuel the global GMP cell banking services market's growth in the years to come.
Report Coverage
Global GMP Cell Banking Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global GMP Cell Banking Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and GMP Cell Banking Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key GMP Cell Banking Services market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global GMP Cell Banking Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, GMP Cell Banking Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
WuXi AppTec, Charles River Laboratories, Eurofins Scientific, Merck KGaA, Lonza, SGS Ltd, ViruSure, Austrianova, Goodwin Biotechnology, Paragon Bioservices, BioReliance, Sartorious, BSL Bioservice, Cleancells, and Covance.
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global GMP Cell Banking Services market based on the below-mentioned segments:
Global GMP Cell Banking Services Market, By Type
Global GMP Cell Banking Services market, By Application
Global GMP Cell Banking Services market, Regional Analysis
A cell bank is a place where cells with a certain genome can be stored with the hope of using them in the future for research or to make a product. Cell banks usually have large amounts of base cell material that can be used for a variety of purposes. Cell banks are used to create cell lines with exact properties and to lessen cross-contamination of the same. Additionally, using cell banks makes it more economical to do cell culture procedures than keeping cells in culture continually.
The two primary factors anticipated to propel the expansion of the global GMP cell banking services market are the increased demand for the technology and the global emergence of rare diseases. Cell banks are frequently employed in a variety of industries, including pharmaceuticals and stem cell research. The traditional method for keeping the parts of cells intact is known as cryopreservation. Furthermore, cell banks have the capacity to lower the proportion of cell samples that have undergone spontaneous cell division over time. The funding of initiatives for rare illness research and development has increased, which is anticipated to pave the way for the expansion of the global GMP cell banking services market during the course of the forecast period. The US Food and Drug Administration's (FDA) funding of research into rare diseases serves as one illustration.
The Orphan Products Grants Programme, which offers financing for natural history research and clinical trials for uncommon medical conditions, is one example of a law-mandated effort used by the FDA. Additionally, it is projected that the development of multiple stem cell banking resource centres will favourably affect the global GMP cell banking services market. For instance, Kuala Lampur-based cord blood bank Stemlife Berhad has created a stem banking resource centre at Jerudong Park Medical Centre, a private hospital in Brunei. Such strategies used by leading market participants will likely fuel the global GMP cell banking services market's growth in the years to come.
Report Coverage
Global GMP Cell Banking Services research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global GMP Cell Banking Services report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and GMP Cell Banking Services competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key GMP Cell Banking Services market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | WuXi AppTec, Charles River Laboratories, Eurofins Scientific, Merck KGaA, Lonza, SGS Ltd, ViruSure, Austrianova, Goodwin Biotechnology, Paragon Bioservices, BioReliance, Sartorious, BSL Bioservice, Cleancells, and Covance. |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of GMP Cell Banking Services Market from 2021 to 2030.
- Market Forecast for GMP Cell Banking Services Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, GMP Cell Banking Services competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on GMP Cell Banking Services
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global GMP Cell Banking Services market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, GMP Cell Banking Services market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
WuXi AppTec, Charles River Laboratories, Eurofins Scientific, Merck KGaA, Lonza, SGS Ltd, ViruSure, Austrianova, Goodwin Biotechnology, Paragon Bioservices, BioReliance, Sartorious, BSL Bioservice, Cleancells, and Covance.
Primary Target Market
- Market Players of GMP Cell Banking Services
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global GMP Cell Banking Services market based on the below-mentioned segments:
Global GMP Cell Banking Services Market, By Type
- Mammalian
- Microbial
- Insect
- Yeast
- Avian
- Stem Cell
- Others
Global GMP Cell Banking Services market, By Application
- Biopharmaceutical Companies
- Contract Manufacturing Organizations
Global GMP Cell Banking Services market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
About This Research
You will get in-depth and extensive gmp cell banking services market market research and competitor analysis for your business to help you develop more profound insights into the gmp cell banking services market Market.
Through INFINITIVE Data Expert is a professional Market Research services, I will identify the gmp cell banking services market market size, demand & opportunities, growth rate, and target audience with a comprehensive analysis of your competitors.