High Density (HD) Cell Banking Market: Overview
The high density (HD) cell banking market, is largely penetrated by some key global players and is expected to witness healthy CAGR regarding revenue owing to increasing applications and high adoption rate of high density (HD) cell banking technique in research and academics globally. The entry of new players and development of enhanced technology in the high density (HD) cell banking market is expected to create fierce competition over the forecast period in the market.
Cell banking is a process of separation and storage of cells belonging to a specific genome which are used in biological research, drug development, and medical use. The cell banking technique involves a lengthy process of extraction, and scale – up owing to which the cells become more susceptible to contamination and lot of time is wasted before the cells are actually used for research or clinical purpose.
High density (HD) cell banking technique is used to eliminate delay and reducing the chance of contamination.. The HD cell banking technique reduces the number of expansion steps involved in the scaling – up process which are required in the traditional cell culture and turn reduces the process time and increases the level of automation in the process.
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High Density (HD) Cell Banking Market: Dynamics
The demand for High Density (HD) Cell Banking is fueled by growing research and development spending in biotechnology and medical industry. The growing life science industry and increasing applications of biological drugs derived through genetic engineering and cell culture techniques.
High retention of the cells in the high-density cell culture, increases productivity owing to which HD cell banking market is expected to witness robust growth over the forecast period. Growing demand for stem cell research in therapeutic areas like cancer and autoimmune diseases worldwide is expected to boost demand for high-density cell banking over the forecast period.
Moreover the adoption of cell culture processes for manufacturing of industrial enzymes and other proteins is growing especially in the developed and emerging economies which in turn is expected to boost demand for high density cell banking globally, however low awareness of the technology and lack of technical expertise is expected to hamper revenue growth of the high-density cell banking market over the forecast period.
High Density (HD) Cell Banking Market: Regional Analysis
Geographically, the global high density (HD), cell banking market, is classified into regions namely, North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, Middle East and Africa (MEA).
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North America dominates the global high density (HD) cell banking market followed by Europe. North America and Western Europe (comprising EU5 countries) regions are expected to witness significant growth due to increased adoption of high density (HD) cell banking and due to awareness in these regions.
APEJ is expected to witness significant growth as compared to other regions and countries owing to increase in spending in pharmaceutical sector and presence of several biotechnology and research and development institutions. Latin America and MEA regions are expected to witness sluggish growth due to low adoption of high density (HD) cell banking equipment. However, increasing healthcare spending may boost the growth of high density (HD) cell banking market in these regions during the forecast period.
High Density (HD) Cell Banking Market: Key Players
Some of the major players operating in the market for High Density (HD) Cell Banking are Genzyme Corporation, REPLIGEN CORPORATION, Pall Corporation, General Electric Company, Sartorius AG, Merck Millipore Thermo Fisher Scientific Inc. and others. Above manufactures are upgrading the traditional technology and concentrating on market penetration.
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High Density (HD) Cell Banking Market: Segmentation
The global high density (HD), cell banking market, is classified on the basis of end user and regional presence.
Segmentation by End Users
- Pharmaceuticals Companies
- Biotechnology Companies
- Chemical & Material
- Agriculture
- Academic & Research Institutes
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