The global Mammalian Cell Banking Market is estimated to grow irresistibly in the forecast period. With the increasing involvement of consumers in decision-making, digital innovation is witnessing a greater demand. Also, the use of data analytics and interoperable data is asking for public-private collaborations concerning organic and inorganic development. This would, in turn, pave the way for more cordial relationships between the end-users and the manufacturers/key players.
Cell banks allow the storage and generation of detailed characterizations of cell lines with specific genomes for research use. Mammalian cells are mostly used in the biopharmaceutical industry for the production of recombinant therapeutic proteins. Moreover, mammalian cell lines are used as host cells for the production of biologics in the biopharmaceutical industry.
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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.
According to the latest report published by PMR, the global mammalian cell banking market is projected to account for US$ 1.1 Bn, in terms of value, by 2030 end. The report further projects that the mammalian cell banking market will progress at an average CAGR of 14% through 2030.
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Key Takeaways of Mammalian Cell Banking Market Study
“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.
Various players in the mammalian cell banking market are focusing on growth strategies such as acquisitions and partnerships.
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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