Global revenue from the Mammalian Cell Banking Market was about US$ 380.6 Million in 2022 with the worldwide market estimated to surge ahead at a CAGR of 13.8% to reach a valuation of around US$ 1.5 Billion by the end of 2033.
| Mammalian Cell Banking Market Size (2023) | US$ 436.0 Million |
| Projected Market Value (2033) | US$ 1.6 Billion |
| Global Market Growth Rate (2023-2033) | 13.8% CAGR |
| Market Share of Top 5 Countries | 64.6% |
According to Persistence Market Research, CHO cell segment of the market secured a market value of US$ 234.4 Million in 2022.
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The mammalian cell banking market is expanding with increasing cancer research. Companies are channelizing efforts to maximize productivity, flexibility, and throughput capabilities. Additionally, with the research community’s ever-evolving needs, the demand for specialized cell culture has grown, and due to this, most manufacturers that are currently offering these services cannot depend solely on sales from catalog services.
Key Takeaways of Mammalian Cell Banking Market Study
- The CHO segment, under cell, is expected to contribute more than 60% of revenue share in the mammalian cell banking market.
- Various services launched by key players along with customized service offerings are expected to dominate the demand for working cell banks.
- Leading players in the mammalian cell banking market are collaborating with research institutes as well as contract research organization to strengthen their market position.
- North America holds more than half of the global mammalian cell banking market share. With increasing use of technology, rapid industrialization, and more research programs, growing economies such East Asia will experience increasing growth in the mammalian cell banking market.
- Rising demand for cell lines for producing vaccines to combat the COVID-19 outbreak is boding well for the growth of the mammalian cell banking market.
“The global mammalian cell banking market is expected to witness robust growth during the forecast period. Increase demand for cell banking and its application in cancer research are expected to propel market growth over the next decade,” says a PMR analyst.
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Acquisitions & Partnerships – Key Strategies amongst Market Players
- Key players in the mammalian cell banking market are improving their product portfolios and strengthening their market positions though the launch of new products and services.
- For instance, in August 2019, Sartorius Stedim BioOutsource Limited launched a new services for mammalian cell bank manufactures under GMP conditions.
- In January 2019, Charles River Laboratories announced the expansion of cell banking services at its Malvern, PA, site.
- Various players in the mammalian cell banking market are focusing on growth strategies such as acquisitions and partnerships.
- For example, in June 2019, Selexis SA announced a partnership with Avacta Group Plc for cell line development.
What Does the Report Cover?
Persistence Market Research offers a unique perspective and actionable insights on the mammalian cell banking market in its latest study, presenting historical demand assessment of 2015–2019 and projections for 2020–2020, on the basis of cell (CHO, BHK, NS0, YB2/0 & P2/0, HEK293 & derivatives, and HELA), technology (transient expression platforms, inducible expression platforms, and stable expression platforms), cell bank (master cell banks (MCBs), working cell bank (WCBs), End of Production Cell Banks (EoPCBs), and research & development cell banks (R&D CBs)), and end user (contract research organizations (CROs), research & academic institutions, and biopharmaceutical companies), across seven key regions.
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Key Segments Covered in Manufacturing of Industry Research
Cell Type:
- CHO
- BHK
- NS0
- YB2/0 & P2/0
- HEK293 & Derivatives
- HELA
Technology:
- TEP
- IEP
- SEP
Application:
- MCB
- WCB
- EoP
- R&D CB
End User:
- Academic & Research Institute
- Biopharmaceutical Companies
- CROs
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