The global Cell Banking Outsourcing Market is expected to reach USD 9.87 billion by 2022, according to a new report by Grand View Research, Inc. Factors attributing towards this anticipated market size include growing demand for gene therapy, stem cell therapy, biopharmaceutical production that target on novel active sites.
Additionally,
rise in prevalence of oncology associated diseases and other infectious chronic
disorders are expected to promote cytological R&D in which cell banking
plays a pivotal role thereby driving growth. R&D for commercialization of
novel characterization and cryopreservation methods is also expected to considerably
enhance lucrative growth opportunities over the forecast period.
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Details of Report @
http://www.grandviewresearch.com/industry-analysis/cell-banking-outsourcing-market
http://www.grandviewresearch.com/industry-analysis/cell-banking-outsourcing-market
Further key findings from the report suggest:
- Master cell
banks accounted for over 60% of revenue generated in 2014 owing to rise in
these facilities across the globe. Moreover, master cell banks are useful
for the preparation of working cell banks and thus find applicability in
various research and development perspectives for stem cell therapy and
gene therapy thereby resulting to segment growth.
- Stem cells
accounted for the largest share with respect to revenue in cell banking
market by cell type. Factors attributive towards large share of this
segment include availability of stem cells from different organ origins
and there consequent use in different metabolic disorders.
- North
America accounted for the largest share of this market for 2014, as there
are a significantly high number of research and development projects
ongoing in the region related to cytological investigation for proteomics,
genomics, and drug and vaccine development. Growing need for vaccines and
biopharmaceuticals is also anticipated to fuel the growth of this region.
- Asia Pacific
is expected to witness significant growth in demand over the forecast
period owing to increase in number of supportive government initiatives
pertaining to investments in biotechnology sector. Additionally, ongoing
R&D activities for cancer treatment and fertility preservation
facilitate the demand for cell banking services.
- Key
participants in the cell banking outsourcing market include BioReliance,
BioOutsource (Sartorious), BSL Bioservice, Cleancells, Charles River
Laboratories, Covance, GlobalStem Inc., Lonza, PX’Therapeutics SA, SGS
Life Sciences, Texcell, Toxikon Corporation, Wuxi Apptec, Reliance Life
Sciences, LifeCell International Pvt. Ltd., Cryobanks International India,
Cryo-Cell International Inc., and CordLife.
- Market
participants are involved in R&D for characterization of cell banks
which include introduction of efficient gene sequencing tests, karyology,
and safety tests.
About Us:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-9519
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
Blog: https://healthcareforecastreport.blogspot.com/
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