Cell Banking Outsourcing Market: By Bank Type (Master Cell Banking, Working Cell Banking, Viral Cell Banking), By Cell Type (Stem Cell Banking, Non-Stem Cell Banking), By Application (Cell Bank Storage, Cell Bank Preparation, Bank Characterization & Testing), and Region (North America, Europe, Asia-Pacific, Rest of the World)Forecast to 2027 Market Highlights According to MRFR analysis, the global cell banking outsourcing market is expected to register a CAGR of ~15.6% during the forecast period of 2021 to 2027 and is expected to reach ~USD 9,476.9 million by 2027. Cell banking outsourcing involves collecting, storing, characterizing, and testing cells, cell lines, and tissues.An increasing number of cell banks and repositories for research and therapy is anticipated to increase the cell banking outsourcing market size globally. Similarly, the outsourcing of cell banking services for cell line characterization, cell testing, drug release testing, viral clearance studies for biological studies, protein stability, and other applications is expected to increase the growth rate of the cell banking outsourcing market globally.
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