Mammalian Cell Banking Market Revenue and Growth Rate Forecast (2022-2032)

Posted by sandeep gade on November 28th, 2022

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.

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.

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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