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

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

July 25
23:25 2022
Cell Banking Outsourcing Market Demand Growth Opportunities Investment Trends Insights | DataM Intelligence
Cell Banking Outsourcing Market | DataM Intelligenc
North America holds a significant share and is expected to do the same over the forecast period. The major factors driving the market growth in this region include the developed healthcare system, strong foothold of major biopharmaceutical companies, rise in chronic diseases, and rise in research funding in this region.

Cell Banking Outsourcing Market Outlook:

According to the research study conducted by DataM Intelligence, the Cell Banking Outsourcing Market size is projected to reach USD billion by 2029, with growth at a CAGR of 15.2% during the forecast period 2022-2029.

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

Stem cell technology is a speedily developing technology that plays a major role in regenerative medicine, as it also serves the disciplines of tissue engineering, cellular therapeutics, developmental cell biology, gene therapy, chemical biology, and nanotechnology. Additionally, in September 2021, LifeCell International, a stem cell bank and provider of reproductive genetic testing services, revealed that it had raised Rs 225 crore from OrbiMed Asia Partners IV, one of the leading healthcare investment group. The existing LifeCell founders will also participate in this round by investing Rs 30 crore. Such fund raisings will lead to adoption of cell banking outsourcing services, driving the market growth.

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Impact of COVID-19:

Covid-19 has significantly impacted the cell banking outsourcing market due to the pause of different stem cell transplant practices across the world. For instance, according to the study published in Bone Marrow Transplantation, titled ‘Impact of COVID-19 pandemic on the use and release of cord blood units facilitated by the French Cord Blood Banks Network: on behalf of the Agency of Biomedicine, Eurocord and the French Society of Bone Marrow Transplant and Cell Therapy (SFGM-TC)’ in October 2021, to curb COVID-19 spread, national lockdowns, international border closures, airplane and rail circulation restrictions were implemented both internationally and within France, making stem cell procurement from foreign and national donors more difficult. In addition, transplant teams had to deal with unexpected events involving virus exposure in donors and harvest workers, which were likely to affect stem cell clearance for donation.

Market Segmentation:

By Bank Type

  • Master Cell Banking*
  • Working Cell Banking
  • Viral Cell Banking

By Cell Type

  • Stem Cell Banking
    • Cord Stem Cell Banking
    • Embryonic Stem Cell Banking
    • Adult Stem Cell Banking
    • Dental Stem Cell Banking
    • Induced Pluripotent Stem Cell Banking
    • Non-stem Cell Banking

Regional Insights:

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

Major Companies Profiled in the Global Market:

Some of the key players which are 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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Additional Benefits Post Purchase:

1) Unlimited Analyst support for a period of 1 year.

2) Any query with regards to the scope offered will be addressed within 24- 48 hours.

3) An excel sheet with market numbers will be provided separately.

The Full Report has the below insights

  • The report offers a comprehensive evaluation of the market in terms of Market Value (US$) and Y-o-Y Growth Rates (%). It does so via in-depth qualitative insights, historical data (2020-2021), and verifiable projections about market size during the forecast period (2022-2029).
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  • Product mapping in excel for the key product of all major market players
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About Us:

DataM Intelligence 4Market Research is a market intelligence platform which gives access to syndicated, customized reports and consulting to its clients at one place. As a firm with rich experience in research and consulting across multiple domains we are one stop solution that will cater to the needs of clients in key business areas. DataM Intelligence has an online platform whose coverage includes industries such as chemicals and materials, agriculture, health care services, animal feed and food & beverages among others.

Our platform has Insights on markets that uncover latest market research data that’s distinct from the competition. With coverage across 10 major industries in the marketplace research, DataM Intelligence benefits thousands of companies by helping them take their innovations early to the market by providing a complete view of the market with statistical forecasts. Our strategy centric framework and value-added services will let individuals and corporates with ease of access and custom personalization to research and markets.

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