Global GMP Cell Banking Services Market 2023: Mammalian Cell Type Segment Revenue Projected to Grow 3.2x by 2025 End
GMP Cell Banking Service Market is an essential component of modern biomanufacturing which enables the secure storage and retrieval of cell lines used to manufacture medicines. This process involves following strict standards in terms of quality & safety assurance, environmental controls, operational procedures & more – all designed to ensure that product quality & performance is maintained throughout an entire lifecycle. In this article, we will explore some of the latest trends and developments in the GMP cell banking service market that are driving growth across the industry.
The mammalian segment accounted for more than 60% revenue share of the global GMP cell banking services market in 2016 and is expected to gain 556 basis points in its market share by 2025 over 2017. Mammalian cell type segment is projected to create absolute $ opportunity of more than US$ 30 Mn in 2018 over 2017. Revenue from the mammalian segment in the global GMP cell banking services market is expected to grow 3.2x by 2025 end as compared to that in 2017.
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Firstly, advancements in automation have allowed for increased process scalability & reduced mistakes during operations; this ensures greater consistency & accuracy when it comes to storing materials within compliant facilities – improving overall product quality. On top of this, data-driven technology has enabled companies to better manage complex operations through improved tracking mechanisms – helping to provide regulatory bodies with added confidence regarding product traceability.
In addition, new technologies such as gene editing tools (CRISPR/Cas9) are now being utilized to modify cell lines in various meaningful ways including increased efficiency in drug production; this further drives demand for reliable GMP services which enable safe storage & archiving whilst allowing for rapid access during production cycles. Furthermore, increasing demand from research institutions has led to a proliferation of specialist providers offering bespoke custom solutions tailored towards specific industry needs.
Companies
- WuXi AppTec
- Charles River Laboratories International, Inc.
- Eurofins Scientific
- Merck KGaA
- Lonza Group Ltd
- SGS Ltd
- ViruSure GmbH
- Austrianova
- Goodwin Biotechnology Inc.
- Paragon Bioservices, Inc.
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Mammalian cell type segment is predicted to dominate the key regional GMP cell banking services markets in terms of revenue
The mammalian cell type segment dominated the North America GMP cell banking services market in revenue terms in 2016 and is projected to continue to do so throughout the forecast period. The mammalian cell type segment is the most attractive segment in the North America regional market, recording an attractiveness index of 5.1 over the forecast period. The mammalian segment is also the most attractive segment by cell type in the Latin America GMP cell banking services market with an attractiveness index of 4.5 over the period of forecast.
In the Europe GMP cell banking services market, revenue from the mammalian segment is anticipated to increase at a CAGR of 13.3% over 2017-2025 to reach more than US$ 200 Mn by 2025. The mammalian segment dominated the Asia Pacific GMP cell banking services market in terms of revenue in 2016, and the trend is projected to continue throughout the forecast period.
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Market Segmentation
| By Region |
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| By Cell Type |
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| By End User |
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