#Cell Banking Outsourcing Market Forecasts

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Cell Banking Outsourcing Market: A SWOT Analysis for Strategic Decision Making

The global Cell Banking Outsourcing Market Revenue, valued at USD 12.5 billion in 2023, is on a trajectory for remarkable expansion, with projections indicating it will reach USD 41.54 billion by 2031. This growth translates to a compound annual growth rate (CAGR) of 16.2% over the forecast period from 2024 to 2031. The increasing demand for cell banking services in various sectors, including biotechnology, pharmaceuticals, and regenerative medicine, is driving this robust market growth.

Cell banking outsourcing involves the process of storing and preserving biological samples, such as cells and tissues, for future research and therapeutic applications. This practice has gained traction as the need for biobanking and cell storage solutions grows in the context of drug development, personalized medicine, and clinical trials. By outsourcing cell banking operations, organizations can focus on their core competencies while leveraging specialized expertise and resources.

Market Drivers and Trends

Several key factors are contributing to the significant growth of the Cell Banking Outsourcing Market. First, the rising prevalence of chronic diseases and the increasing demand for advanced therapies are propelling the need for effective cell storage solutions. As research and clinical trials advance, the need for high-quality biological samples becomes crucial, thus increasing the reliance on professional cell banking services.

Second, advancements in biobanking technologies and infrastructure are enhancing the efficiency and reliability of cell storage. Automation and innovative preservation techniques are being adopted, allowing for better sample management and quality assurance. These technological improvements are expected to bolster the market further as organizations seek to enhance their operational capabilities.

Third, the growing focus on personalized medicine and tailored therapeutic approaches is influencing the market dynamics. As healthcare shifts toward more individualized treatment options, the importance of having a robust cell banking strategy becomes evident. This trend is particularly pronounced in the fields of oncology and regenerative medicine, where patient-specific therapies require precise and reliable sample management.

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Regional Insights

North America currently holds the largest share of the Cell Banking Outsourcing Market, attributed to the presence of a well-established healthcare infrastructure and significant investments in biotechnological research and development. The region's robust regulatory framework and supportive government policies are also contributing to market growth.

The Asia-Pacific region is expected to witness the highest growth rate during the forecast period. Factors such as the increasing investment in healthcare infrastructure, the rising prevalence of chronic diseases, and a growing emphasis on research and development in biotechnology are driving the demand for cell banking services. Countries like China and India are becoming significant players in the biobanking landscape due to their expanding pharmaceutical industries and advancements in medical research.

Key Players in the Market

The Cell Banking Outsourcing Market is characterized by the presence of several prominent players focusing on strategic partnerships, technological advancements, and service expansions to enhance their market position. Key companies in this market include Thermo Fisher Scientific, Merck KGaA, Lonza Group, WuXi AppTec, and Charles River Laboratories. These organizations are continuously investing in innovative solutions to meet the evolving needs of their clients in the biotechnology and pharmaceutical sectors.

Conclusion

The Cell Banking Outsourcing Market is poised for substantial growth over the next several years, driven by the increasing demand for biobanking solutions in drug development, personalized medicine, and clinical research. As healthcare continues to evolve and focus on individualized therapies, the importance of reliable and efficient cell banking services will become even more critical. This growing demand presents significant opportunities for market players to expand their offerings and enhance their capabilities in this dynamic landscape.

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Mammalian Cell Culture Dominates Biologics CDMO Industry

The global biologics contract development and manufacturing organization market achieved revenue of USD 17.1 billion in 2024 and is expected to grow at a rate of 11.0% between 2024 and 2030, reaching USD 31.8 billion by the end of the forecast period. This expansion is largely driven by the increasing prevalence of chronic diseases, the growing trend of outsourcing R&D activities, collaborations between biologics CDMOs and businesses for new product launches, and the rising aging population.

In 2023, the drug substance segment led the market, generating USD 8,525.4 million. Factors such as the rise in biologics approvals, particularly from the FDA, robust clinical pipelines, and lower failure rates of biologic drugs are boosting the demand for drug substances. Additionally, the biologics industry’s growth is propelling the demand for processes, often outsourced to CDMOs by small and mid-sized pharmaceutical firms. Outsourced biologics development activities include assay development, toxicology studies, and the establishment of master cell banks.

The expanding biopharma sector is driving strong demand for biologics outsourcing services. Small and mid-sized biotech companies are increasingly relying on outsourcing due to limited capacities and R&D capabilities.

Meanwhile, large pharmaceutical companies are also outsourcing R&D activities to biologics CDMOs, which offer comprehensive solutions aimed at reducing R&D costs, mitigating risks, and allowing companies to focus on core competencies for greater efficiency. This trend suggests that the biologics outsourcing market will experience significant growth in the coming years.

In 2023, mammalian cell culture was the leading segment, accounting for around 56% of the market share. This dominance is attributed to the growing development of more complex biologics, such as antibody-drug conjugates and multi-specific antibodies.

Moreover, the increasing demand for biologics CDMOs from pharmaceutical companies is boosting growth in this segment. Major players like Samsung Biologics, Lonza, and WuXi Biologics are expected to expand their mammalian cell culture capacities by 30–40% over the next decade.

By 2030, the biologics CDMO market in North America is projected to reach USD 7,802.9 million in revenue. This growth is driven by factors such as the increasing aging population, the rising incidence of chronic and serious diseases, and growing R&D investments by pharmaceutical and biotech companies. For instance, the U.S. elderly population, aged 65 and above, increased from 50 million in 2018 to 55 million in 2021.

According to the CDC, chronic illnesses such as diabetes, cancer, and heart disease were the leading causes of death in the U.S., costing healthcare systems over USD 4 trillion in 2021. Furthermore, data from the Partnership to Fight Chronic Disease (PFCD) suggests that approximately 45% of the U.S. population has at least one chronic disease, with 165 million Americans expected to have multiple chronic conditions by 2025.

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Cell Banking Outsourcing Market to Reach USD 41.54 Billion by 2031

Market Growth Driven by Increasing Demand for Cell-Based Therapies

The global Cell Banking Outsourcing Market was valued at USD 12.5 billion in 2023 and is expected to witness significant expansion, reaching an estimated USD 41.54 billion by 2031. The market is projected to grow at a Compound Annual Growth Rate (CAGR) of 16.2% over the forecast period from 2024 to 2031.

Factors Driving Market Expansion

Key drivers for this rapid market growth include the increasing demand for cell-based therapies, advancements in regenerative medicine, and a rise in biopharmaceutical research activities. The outsourcing of cell banking services, which involves the storage and maintenance of cell lines, is becoming a critical aspect of biopharmaceutical manufacturing processes. Companies are relying more on outsourcing due to the high costs and complexities of maintaining in-house cell banking infrastructure.

Technological Innovations and Biopharmaceutical Research

The rise in the development of innovative therapies, including gene therapy, immunotherapy, and stem cell research, has created an increasing need for reliable and efficient cell banking services. Outsourcing allows biotechnology firms and pharmaceutical companies to focus on research while leveraging specialized expertise and technologies in cell storage and quality control.

Regional Growth Insights

North America currently dominates the global market due to strong investments in biotechnology and biopharma research. However, the Asia-Pacific region is expected to grow at a rapid pace over the forecast period, driven by increasing healthcare expenditure, advancements in medical research, and the growing presence of contract manufacturing organizations (CMOs).

Market Outlook

With the ongoing advancements in cellular and genetic research, the cell banking outsourcing market is set for sustained growth, providing critical support for future developments in personalized medicine, regenerative therapies, and cutting-edge biopharmaceutical innovations. The future of the market will largely depend on technological advancements, regulatory developments, and increased collaboration between biopharma companies and outsourcing partners.

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Cell Banking Outsourcing Market Worth $35,593.6 Million By 2030

The global cell banking outsourcing market size is expected to reach USD 35,593.6 million by 2030, registering a CAGR of 16.39% during the forecast period, according to a new report by Grand View Research, Inc.Introduction of novel technologies for the collection, testing, and storage of cell lines are expected to boost the cell banking market during the forecast period. Automation in cord blood…

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Cell Banking Outsourcing Market Worth $35,593.6 Million By 2030

Cell Banking Outsourcing Market Growth & Trends The global cell banking outsourcing market size is expected to reach USD 35,593.6 million by 2030, registering a CAGR of 16.39% during the forecast period, according to a new report by Grand View Research, Inc.Introduction of novel technologies for the collection, testing, and storage of cell lines are expected to boost the cell banking market…

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Menstrual Cup Market Forecast: Trends and Predictions for the Future

Menstrual Cup Market Outlook, Scope & Overview:

Industry reports indicate that the global menstrual cup market was valued at USD 1.4 billion in 2023 and is projected to reach USD 2.36 billion by 2031, growing at a CAGR of 6.8% over the forecast period 2024-2031.

Market Dynamics

Drivers:

The menstrual cup market is witnessing significant growth due to increasing awareness about menstrual hygiene, rising preference for eco-friendly and cost-effective feminine hygiene products, and the growing adoption of reusable menstrual products. Menstrual cups offer benefits such as reduced environmental impact, lower long-term costs compared to disposable products, and convenience in menstrual management.

Restraints:

Despite the growth prospects, challenges such as limited awareness in certain regions, cultural barriers, and initial discomfort or learning curve associated with using menstrual cups may hinder market growth. Additionally, regulatory challenges and competition from other feminine hygiene products could pose constraints.

Market Outlook

The menstrual cup market is expected to continue its growth trajectory, driven by ongoing product innovation, increasing distribution channels, and campaigns promoting menstrual health and hygiene. North America and Europe are anticipated to lead in market adoption, supported by favorable consumer attitudes towards sustainable products and menstrual health awareness initiatives.

Global Menstrual Cup Market

North America and Europe currently dominate the menstrual cup market, with increasing adoption rates among women seeking sustainable and environmentally friendly menstrual hygiene solutions. The Asia Pacific region is also emerging as a significant market, driven by rising awareness, improving healthcare infrastructure, and expanding availability of menstrual cup products.

Key Players

Leading companies in the menstrual cup market include Diva International Inc., Lunette Menstrual Cup, The Keeper Inc., and Me Luna. These companies are actively engaged in product development, expanding market presence, and educating consumers about the benefits of menstrual cups over traditional menstrual products.

In conclusion, the global menstrual cup market is poised for steady growth over the forecast period, driven by environmental concerns, changing consumer preferences towards sustainable products, and efforts to promote menstrual health and hygiene worldwide.

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Cell Banking Outsourcing Market By Type (Master Cell Banking, Viral Cell Banking, Working Cell Banking); By Product (Cord Cell Banking, Adult Stem Cell Banking, IPS Stem Cell Banking, Embryonic Stem Cell Banking, IPS Stem Cell Banking); By Cell Type (Stem Cell, Non-Stem Cell); By Phase (Bank Storage, Bank Preparation, Bank Characterization & Testing); By Region, Segments & Forecast, 2018 - 2025

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Cell Banking Outsourcing Market Analysis, Size, Share, and Forecast 2031

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Blood Grouping Reagents Market Share, Size, Revenue, Drivers & Trends Analysis Till 2027

The blood grouping reagents market share is expected to register a CAGR of 7.74% during the forecast period.

MRFR recognizes the following companies as the key players in the global blood grouping reagents market— Merck KGaA (Germany), Bio-Rad Laboratories, Inc (US), Novacyt Group (France), Beckman Coulter, Inc (US), Haemokinesis Pty Ltd (Australia), MTC Med. Produkte GmbH (Germany), DAY medical SA (Switzerland), Rapid Labs Ltd (UK), Ortho Clinical Diagnostics (US), Diagast SAS (France).

Market Highlights

The global blood grouping reagents market is expected to register a CAGR of7.74% during the forecast period and is expected to hit USD 2,642.17 million by 2027.

Blood grouping reagents are solutions that can be used to determine ABO, Rhesus, Kell and MNS blood groups These classifications of human blood are all based on the presence or absence of certain antigens on the surface of red blood cells.

The growth of the global blood grouping reagents market is expected to be driven by increasing prevalence of chronic disorders, increasing spending in medical research. However, concern pertaining to efficiency and proficiency of test kits hamper the growth of this market.

Segment Analysis

The global blood grouping reagents market is mainly segmented into product, technique, and test type, end user. On the basis of product, the blood grouping reagents market has been bifurcated into consumables and instruments. Instruments is further sub-segmented into fully automated and semi-automated. Technique products are further sub segmented into PCR-based and microarray techniques, assay-based techniques, massively parallel sequencing techniques, serology, and other techniques. The serology segment is further sub-segmented into gel technique, erythrocytes magnetised technology (EMT), solid-phase red-cell adherence (SPRCA), glass slide, glass tube, cassette/kits, and others. On the basis of test type, the blood grouping reagents market has been bifurcated into blood group and phenotypes, antibody screening, crossmatching tests, antibody identification, Coombs’s test, and antigen typing. Based on end user, the market is categorized into hospitals, blood banks, and clinical laboratories.

Regional Analysis

The global blood grouping reagents market has been segmented on the basis of region into North America, Europe, Asia-Pacific, and Rest of the World. The North America held the largest market share of 37.74% in 2020 and is anticipated to dominate the overall blood grouping reagents market during the forecast period.

The major factors driving North America blood grouping reagents market include the presence of major manufacturers, increasing prevalence of chronic diseases leading to the high demand for blood transfusion and organ transplant, technological advancements in the clinical segment, and increasing awareness among the population. For instance, according to Health Resources & Services Administration, 39,000 transplants were performed in 2020. The key manufacturers are anticipated to launch new products, collaborate for optimization of the cash flow channel, and partially outsource the production process.

Europe holds the second largest market share due to the increasing number of medical device manufacturers, improving economies, high disposable income per individual, and increased healthcare spending are driving the growth of the market in this region. Moreover, the availability of high-end technologies in countries like Germany and growing funding from the various public as well as private sources to conduct advanced research are fostering market growth.

Asia-Pacific is the fastest-growing regional market for blood grouping reagents due to the increasing R&D funding by developing countries such as China and India for the development of the healthcare infrastructure. Various other factors that influence the markets growth include the growing incidence of traumatic injuries from accidents and trauma in the region. Increasing demand for blood banking services, government initiatives and increasing public awareness about blood donation are driving the market's growth in this region. Globally, road accidents are the tenth leading cause of death. India accounted for about 500,000 road accidents in 2019, one of the highest in the world, in which about 150,000 people die and another 300,000 became crippled. In 2018, India had 467,044 reported road accidents, an increase of 0.5% from 464,910 in 2017, according to the road ministry's data. Moreover, in 2018, 63,194 traffic accident fatalities were recorded by China's National Bureau of Statistics. Many road accidents causing traumatic injuries are anticipated to increase the demand for blood grouping reagents in the region.

The blood grouping reagents market in the Middle East & Africa is expected to witness steady growth due to the increasing number of companies and subsidiaries in the region offering treatment options. The rest of the world, with fewer economic developments, accounted for the least market share in 2020 but is expected to grow with the increasing awareness among people and demand for better healthcare facilities in countries along with the rising disposable income. Moreover, improvement in regulatory structures in the region is further anticipated to drive the growth of the blood grouping reagents market.

Key Findings of the Study

The global blood grouping reagents market is expected to reach USD 2,642.17 million by 2027 at a CAGR of 7.74% during the forecast period.

Based on product, the consumables segment accounted for the largest market share of 75.55% in 2020.

On the basis of technique, the PCR-based and microarray technique segment dominated the market with a share of 17.92% in 2020.

By test type, the blood group and phenotype segment dominated the market with a share of 30.69% in 2020.

Based on end user, the hospitals segment dominated the market with a share of 58.33% in 2020.

The North America region accounted for the largest share of the global market, which is majorly attributed to the increasing prevalence of chronic diseases leading to the high demand for blood transfusion and organ transplant, technological advancements in the clinical segment, and increasing awareness among the population.

Some of the key players operating in the blood grouping reagents market are Merck KGaA (Germany),Bio-Rad Laboratories, Inc (US),Novacyt Group (France),Beckman Coulter, Inc (US), Haemokinesis Pty Ltd (Australia), MTC Med. Produkte GmbH (Germany), DAY medical SA (Switzerland), Rapid Labs Ltd (UK), Ortho Clinical Diagnostics (US), Diagast SAS (France), Grifols SA (Spain), Immucor, Inc (US), Quotient Ltd (Switzerland), Yuvraj Biobiz Incubator India Pvt (India), Tulip Diagnostics (India), Aikang (China).

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Cell Banking Outsourcing Market Worth $35,593.6 Million By 2030

Cell Banking Outsourcing Market Growth & Trends The global cell banking outsourcing market size is expected to reach USD 35,593.6 million by 2030, registering a CAGR of 16.39% during the forecast period, according to a new report by Grand View Research, Inc.Introduction of novel technologies for the collection, testing, and storage of cell lines are expected to boost the cell banking market…

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Cell Banking Outsourcing Market Growth, Size, Opportunities and Analysis Forecast 2024 - 2031

The global Cell Banking Outsourcing Market is poised for substantial growth in the coming years, according to a recent market analysis. In 2023, the market size was valued at USD 10.03 billion, and it is predicted to grow at a remarkable compound annual growth rate (CAGR) of 16.27% from 2024 to 2031, reaching an estimated value of USD 33.79 billion by 2031.

Report Scope

The report provides a comprehensive analysis of the Cell Banking Outsourcing Market, including market size, growth trends, key drivers, challenges, and opportunities. It offers insights into various segments of the market based on service type, end-user, and region.

Market Analysis

The significant growth of the Cell Banking Outsourcing Market can be attributed to factors such as increasing demand for biopharmaceuticals, advancements in cell therapy research, and the growing trend of outsourcing non-core activities to specialized service providers. Cell banking outsourcing offers advantages such as cost savings, access to specialized expertise, and accelerated development timelines, driving its adoption among biopharmaceutical companies.

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Impact of the Russia-Ukraine Conflict

The ongoing Russia-Ukraine conflict has the potential to disrupt global supply chains and impact the Cell Banking Outsourcing Market. Uncertainties surrounding geopolitical tensions, trade restrictions, and supply chain disruptions could affect the availability of cell banking services and raw materials, leading to delays in drug development projects and increased costs for biopharmaceutical companies.

The Impact of Economic Slowdown

Economic slowdowns or recessions can also influence the growth trajectory of the Cell Banking Outsourcing Market. During periods of economic uncertainty, biopharmaceutical companies may postpone or scale back outsourcing activities to conserve resources, impacting the demand for cell banking services. However, the long-term growth drivers of the market, such as increasing R&D investments and the expanding biopharmaceutical pipeline, are expected to mitigate the impact of economic downturns.

Regional Analysis

The report provides a detailed analysis of the Cell Banking Outsourcing Market across regions, including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. North America currently dominates the market, driven by the presence of leading biopharmaceutical companies, favorable regulatory environment, and strong R&D infrastructure. However, Asia-Pacific is expected to witness significant growth during the forecast period, fueled by the outsourcing trend, increasing investments in healthcare infrastructure, and the presence of a skilled workforce.

Key Takeaways and Recent Developments

Key takeaways from the report include the increasing adoption of cell banking outsourcing by biopharmaceutical companies to streamline operations, accelerate drug development timelines, and reduce costs. Additionally, recent developments such as strategic collaborations, product launches, and investments in capacity expansion by key players underscore the dynamic nature of the market and the opportunities for growth.

In conclusion, the Cell Banking Outsourcing Market is poised for robust growth in the coming years, driven by factors such as increasing demand for biopharmaceuticals, advancements in cell therapy research, and the outsourcing trend in the pharmaceutical industry. Despite potential challenges such as geopolitical tensions and economic slowdowns, the long-term outlook for the market remains positive, with significant opportunities for players across the value chain.