South Korea Cell Bank Production and Storage Market was valued at USD 0.5 Billion in 2022 and is projected to reach USD 1.1 Billion by 2030, growing at a CAGR of 10.5% from 2024 to 2030.
The South Korea Cell Bank Production and Storage Market has been growing steadily due to the increasing demand for biologics, vaccines, and advanced therapeutic treatments. With South Korea positioning itself as a hub for biotechnology, the country’s cell bank industry plays a critical role in supporting the growing needs of pharmaceutical and research sectors. In recent years, cell banks have become pivotal for producing and storing cells used in therapeutic treatments, genetic research, and vaccine production.
Cell banks are a vital component in drug discovery and development. They offer a secure environment for storing valuable cell lines, ensuring the continuity of production and research processes. This ensures that the biological materials remain viable over time, providing a steady supply for clinical and preclinical studies. The biopharma industry, which is experiencing rapid growth in South Korea, relies heavily on cell bank production and storage to meet stringent regulatory standards for cell-based therapies.
Industries such as pharmaceuticals, biotechnology, and medical devices are driving the demand for advanced cell banking services. This includes the need for reliable storage solutions to safeguard and preserve stem cells, human cells, and other biological samples. The demand for personalized medicine, regenerative treatments, and cell therapies is creating a heightened need for both the production and storage of human-derived cells in South Korea. Additionally, the biotechnology sector's continuous innovation in drug discovery and biologics manufacturing has placed more focus on the importance of cell bank production and storage.
The application of cell bank production and storage is especially significant in stem cell research and gene therapy. With the increasing demand for stem cell therapies and precision medicine, South Korea's cell bank market is experiencing rapid expansion. Cell banks not only support research and development but also enable large-scale production of therapeutic cells. The storage facilities ensure these cells are kept in optimal conditions for future use, addressing the growing needs of the global healthcare system.
With stricter regulatory requirements and a growing need for safety and consistency, industries are calling for more advanced technologies in the production and storage of cell banks. This includes automated systems, cryopreservation techniques, and monitoring systems to ensure the preservation of cell integrity throughout the process. South Korea’s focus on these advancements ensures the growth of its cell bank production and storage market and secures its place as a leader in the global biotech industry.
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Sigma-Aldrich
Eurofins
Cell Culture Company
Wacker Chemie AG
Takara Bio
Biostor Ireland
SGS Life Sciences
Lonza
Novartis
Vcanbio
AMAG Pharmaceuticals
ViaCord
Thermo Fisher
Wuxi Apptec
Esperite
Charles River Laboratories
Lifecell
Goodwin Biotechnology
Texcell
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. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. 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 South Korea Cell Bank Production and Storage Market
Primary Cell Banks
Master Cell Banks (MCB)
Working Cell Banks (WCB)
Other Types of Cell Banks
Human Cell Banks
Animal Cell Banks
Stem Cell Banks
Tissue-Specific Cell Banks
Liquid Nitrogen-Based Storage
Mechanical Freezing Systems
Stabilization and Lyophilization Techniques
Other Emerging Technologies
Biopharmaceutical Companies
Research Institutes
Diagnostic Laboratories
Cell and Gene Therapy Developers
Regenerative Medicine
Drug Development
Vaccination
Diagnostics and Disease Research
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Cell Bank Production and Storage 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. South Korea Cell Bank Production and Storage Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Cell Bank Production and Storage Market, By Type
6. South Korea Cell Bank Production and Storage Market, By Application
7. South Korea Cell Bank Production and Storage Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Cell Bank Production and Storage Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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