The cell banking outsourcing market was estimated to be worth USD 10.7 billion globally in 2022, and over the course of the forecast period, a CAGR of 18.1% is anticipated. The market is expanding dramatically due to the rising use of stem cell treatment and the rising need for monoclonal antibodies. Growing consumer demand for gene and cell therapies is driving market expansion. This area of biotechnology and pharmaceuticals is expanding quickly due to the demand for cost-effective solutions and specialist knowledge in managing precious cell lines utilized for medicinal development and research.
Through this outsourcing, businesses can leverage outside knowledge for cell line management while concentrating on their core competencies. The globalization of research and development along with technical improvements are propelling the expansion of the outsourcing market for cell banking.

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Impact of Covid-19
COVID-19 has a major effect on the market for outsourcing cell banking. Operations were initially impacted by personnel constraints, restricted lab access, and supply chain problems. But the epidemic also boosted the need for vaccinations and cell-based treatments, which led to a rise in the outsourcing of cell banking services. Robust and adaptable outsourcing techniques are in greater demand in order to maintain research, development, and manufacturing processes in the face of global challenges.
Growth Drivers
Increasing demand for biopharmaceuticals: The need for effective cell banking services to support the development and manufacture of biopharmaceuticals and cell-based treatments is growing. Technological advancements in cryopreservation, cell line authentication, and cell culture procedures are driving demand for cutting-edge outsourcing partners and technologies.
Cost-effectiveness and efficiency: Compared to setting up and maintaining internal infrastructure, outsourcing cell banking services should be more affordable, enabling businesses to use resources more wisely.
Pandemic Induced Demand: The covid-19 epidemic made it even more important to have trustworthy outsourcing partners in order to maintain production, research, and development despite setbacks.

Segmentation
Bank Types
· Master Cell Banks
· Working Cell Banks
· Viral Cell Banks
By Phase
· Bank Storage
· Cell Storage Stability Testing
· Bank Preparation
· Bank Characterization and Testing
· Others
By Cell-Type
Stem Cell
· Cord Blood Stem Cell Testing
· Embryonic Stem Cell Banking
· Adult Stem Cell Banking
· Dental Stem Cell Banking
· Induced Pluripotent Stem Cell Banking
Non-Stem Cell
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Covance
· Goodwin Biotechnology
· BSL Bio service
· SGS
· Lonza
· Life cell International
· Reliance Life Science
· Cord Life Group Limited
· Charles River Laboratories
· Labcorp Drug Development
· Perfectus Biomed Limited
· Other Players
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