GMP Cell Banking Market size was valued at USD 4.2 Billion in 2024 and is forecasted to grow at a CAGR of 9.7% from 2026 to 2033, reaching USD 9.5 Billion by 2033.
The global GMP cell banking market was valued at approximately USD 743.2 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.8% from 2022 to 2030. This significant growth is driven by the increasing demand for cell based therapies, regenerative medicine, and biopharmaceutical production. The market is segmented into master cell banks (MCB) and working cell banks (WCB), with MCB accounting for the larger share due to its foundational role in producing consistent cell lines. Factors such as stringent regulatory frameworks and the rising prevalence of chronic diseases have fueled the need for GMP compliant cell banking services. Moreover, the expansion of research and development activities in biotechnology and life sciences is further supporting the market’s expansion across various sectors including pharmaceutical, academic, and contract research organizations.
Regionally, North America dominated the GMP cell banking market in 2022 with a market share exceeding 38%, primarily due to a robust biopharmaceutical industry, advanced healthcare infrastructure, and high research investment. Europe followed closely with a strong presence in cell therapy development and regulatory advancements. The Asia Pacific region is anticipated to exhibit the fastest growth over the forecast period, driven by increasing outsourcing of biopharma production, government initiatives to boost biotechnology sectors, and rising healthcare expenditure in countries like China, India, and South Korea. Opportunities in the market lie in emerging economies where investments in biotechnology infrastructure are increasing, and local manufacturers are aiming to meet international GMP standards. Additionally, the rising adoption of personalized medicine and the growing trend of biologics manufacturing create substantial avenues for market expansion globally.
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WuXi AppTec
Charles River Laboratories International
Eurofins Scientific
Merck KGaA
Lonza Group Ltd
SGS Ltd
ViruSure GmbH
Austrianova
Goodwin Biotechnology Inc
Paragon Bioservices
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global GMP Cell Banking Market
Embryonic Stem Cells (ESCs)
Induced Pluripotent Stem Cells (iPSCs)
Adult Stem Cells
Mesenchymal Stem Cells (MSCs)
Hematopoietic Stem Cells
Standard Cell Banks
Customized Cell Banks
Pre-clinical Cell Banks
Clinical Cell Banks
Commercial Cell Banks
Regenerative Medicine
Cellular Therapy
Tissue Engineering
Research & Development
Drug Discovery and Development
Biotechnology Companies
Pharmaceutical Companies
Academic & Research Institutes
Contract Research Organizations (CROs)
Hospitals and Diagnostic Centers
CrYopreservation
Cell Banking in Resource-Rich Media
Short-term Cell Storage
Long-term Cryogenic Storage
Surface Media Storage
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global GMP Cell Banking Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global GMP Cell Banking Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global GMP Cell Banking Market, By Type
6. Global GMP Cell Banking Market, By Application
7. Global GMP Cell Banking Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global GMP Cell Banking Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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