Lucintel's latest market report analyzed that cell banking outsourcing provides attractive opportunities in bank preparation, storage, characterization & testing, safety testing, viral, microbial banks, gene expression, karyology, and gene sequencing testing. The cell banking outsourcing market is expected to grow at a CAGR of 14%-18%. In this market, master cell banking are the largest segment by bank type, whereas stem cell banking are largest by cell type.
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Based on bank type, the cell banking outsourcing market is segmented into master cell banking, working cell banking, and viral cell banking. The master cell banking segment accounted for the largest share of the market in 2020 due to longer duration of preservation of cells.
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The cell banking outsourcing market is marked by the presence of several big and small players. Some of the prominent players offering cell banking outsourcing include BioReliance, BioOutsource (Sartorious), BSL Bioservice, Cleancells, Charles River Laboratories, Covance, GlobalStem, Goodwin Biotechnology, Lonza, and Texcell.
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