Click for best price
GMP Cell Banking Market Size, Share 2023
Market size in 2022 |
US$ 583.9 million
|
Forecast Market size by 2029 |
US$ 1269.3 million
|
Growth Rate |
CAGR of 11.7% |
Number of Pages |
67 Pages |
Cell banking systems are set up to assure that a uniform population of cells is preserved, their integrity is maintained, and a sufficient supply of material is accessible for the life of the product. Biosafety testing is performed on cell lines at multiple passages. A cell bank comprises of a storage facility for cells extracted from different body fluids and organ tissue so that they can be used in the future. Stored cells contain detailed characterization of the cell line thereby decreasing chances of cross contamination. And GMP cell banking services consists of outsourcing gathering, storing, characterization, and testing facilities of cell lines, tissues, and cells. GMP basically stands for ?Good Manufacturing Practice.?
This report aims to provide a comprehensive presentation of the global market for GMP Cell Banking, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding GMP Cell Banking. This report contains market size and forecasts of GMP Cell Banking in global, including the following market information:
Global GMP Cell Banking Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global top five companies in 2022 (%)
The global GMP Cell Banking market was valued at US$ 583.9 million in 2022 and is projected to reach US$ 1269.3 million by 2029, at a CAGR of 11.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
Global key players of GMP cell banking include Charles River, Thermo Fisher, Lonza, Wuxi Apptec, etc. Global top five manufacturers hold a share over 55%. In terms of product, mammalian cell is the largest segment, with a share over 63%. And in terms of application, the largest application is biopharmaceutical companies, with a share over 75%.
We surveyed the GMP Cell Banking companies, and industry experts on this industry, involving the revenue, demand, product type, recent developments and plans, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global GMP Cell Banking Market, by Type, 2018-2023, 2024-2029 ($ millions)
Global GMP Cell Banking Market Segment Percentages, by Type, 2022 (%)
Mammalian Cell
Microbial Cell
Insect Cell
Others
Global GMP Cell Banking Market, by Application, 2018-2023, 2024-2029 ($ millions)
Global GMP Cell Banking Market Segment Percentages, by Application, 2022 (%)
Biopharmaceutical Companies
Contract Manufacturing Organizations
Global GMP Cell Banking Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions)
Global GMP Cell Banking Market Segment Percentages, By Region and Country, 2022 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies GMP Cell Banking revenues in global market, 2018-2023 (estimated), ($ millions)
Key companies GMP Cell Banking revenues share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Charles River
Thermo Fisher
Lonza
Wuxi Apptec
Eurofins Scientific
Merck KGaA
SGS Life Sciences
Sartorius
Catalent
Goodwin Biotechnology
Texcell
Outline of Major Chapters:
Chapter 1: Introduces the definition of GMP Cell Banking, market overview.
Chapter 2: Global GMP Cell Banking market size in revenue.
Chapter 3: Detailed analysis of GMP Cell Banking company competitive landscape, revenue and market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of GMP Cell Banking in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: The main points and conclusions of the report.
Report Attributes |
Report Details |
Report Title |
GMP Cell Banking Market, Global Outlook and Forecast 2023-2029 |
Market size in 2022 |
US$ 583.9 million
|
Forecast Market size by 2029 |
US$ 1269.3 million
|
Growth Rate |
CAGR of 11.7% |
Historical Year |
2018 to 2022 (Data from 2010 can be provided as per availability) |
Base Year |
2022 |
Forecast Year |
2030 |
Number of Pages |
67 Pages |
Customization Available |
Yes, the report can be customized as per your need. |
TABLE OF CONTENTS
1 Introduction to Research & Analysis Reports
1.1 GMP Cell Banking Market Definition
1.2 Market Segments
1.2.1 Market by Type
1.2.2 Market by Application
1.3 Global GMP Cell Banking Market Overview
1.4 Features & Benefits of This Report
1.5 Methodology & Sources of Information
1.5.1 Research Methodology
1.5.2 Research Process
1.5.3 Base Year
1.5.4 Report Assumptions & Caveats
2 Global GMP Cell Banking Overall Market Size
2.1 Global GMP Cell Banking Market Size: 2022 VS 2029
2.2 Global GMP Cell Banking Market Size, Prospects & Forecasts: 2018-2029
2.3 Key Market Trends, Opportunity, Drivers and Restraints
2.3.1 Market Opportunities & Trends
2.3.2 Market Drivers
2.3.3 Market Restraints
3 Company Landscape
3.1 Top GMP Cell Banking Players in Global Market
3.2 Top Global GMP Cell Banking Companies Ranked by Revenue
3.3 Global GMP Cell Banking Revenue by Companies
3.4 Top 3 and Top 5 GMP Cell Banking Companies in Global Market, by Revenue in 2022
3.5 Global Companies GMP Cell Banking Product Type
3.6 Tier 1, Tier 2 and Tier 3 GMP Cell Banking Players in Global Market
3.6.1 List of Global Tier 1 GMP Cell Banking Companies
3.6.2 List of Global Tier 2 and Tier 3 GMP Cell Banking Companies
4 Market Sights by Product
4.1 Overview
4.1.1 By Type - Global GMP Cell Banking Market Size Markets, 2022 & 2029
4.1.2 Mammalian Cell
4.1.3 Microbial Cell
4.1.4 Insect Cell
4.1.5 Others
4.2 By Type - Global GMP Cell Banking Revenue & Forecasts
4.2.1 By Type - Global GMP Cell Banking Revenue, 2018-2023
4.2.2 By Type - Global GMP Cell Banking Revenue, 2024-2029
4.2.3 By Type - Global GMP Cell Banking Revenue Market Share, 2018-2029
5 Sights by Application
5.1 Overview
5.1.1 By Application - Global GMP Cell Banking Market Size, 2022 & 2029
5.1.2 Biopharmaceutical Companies
5.1.3 Contract Manufacturing Organizations
5.2 By Application - Global GMP Cell Banking Revenue & Forecasts
5.2.1 By Application - Global GMP Cell Banking Revenue, 2018-2023
5.2.2 By Application - Global GMP Cell Banking Revenue, 2024-2029
5.2.3 By Application - Global GMP Cell Banking Revenue Market Share, 2018-2029
6 Sights by Region
6.1 By Region - Global GMP Cell Banking Market Size, 2022 & 2029
6.2 By Region - Global GMP Cell Banking Revenue & Forecasts
6.2.1 By Region - Global GMP Cell Banking Revenue, 2018-2023
6.2.2 By Region - Global GMP Cell Banking Revenue, 2024-2029
6.2.3 By Region - Global GMP Cell Banking Revenue Market Share, 2018-2029
6.3 North America
6.3.1 By Country - North America GMP Cell Banking Revenue, 2018-2029
6.3.2 US GMP Cell Banking Market Size, 2018-2029
6.3.3 Canada GMP Cell Banking Market Size, 2018-2029
6.3.4 Mexico GMP Cell Banking Market Size, 2018-2029
6.4 Europe
6.4.1 By Country - Europe GMP Cell Banking Revenue, 2018-2029
6.4.2 Germany GMP Cell Banking Market Size, 2018-2029
6.4.3 France GMP Cell Banking Market Size, 2018-2029
6.4.4 U.K. GMP Cell Banking Market Size, 2018-2029
6.4.5 Italy GMP Cell Banking Market Size, 2018-2029
6.4.6 Russia GMP Cell Banking Market Size, 2018-2029
6.4.7 Nordic Countries GMP Cell Banking Market Size, 2018-2029
6.4.8 Benelux GMP Cell Banking Market Size, 2018-2029
6.5 Asia
6.5.1 By Region - Asia GMP Cell Banking Revenue, 2018-2029
6.5.2 China GMP Cell Banking Market Size, 2018-2029
6.5.3 Japan GMP Cell Banking Market Size, 2018-2029
6.5.4 South Korea GMP Cell Banking Market Size, 2018-2029
6.5.5 Southeast Asia GMP Cell Banking Market Size, 2018-2029
6.5.6 India GMP Cell Banking Market Size, 2018-2029
6.6 South America
6.6.1 By Country - South America GMP Cell Banking Revenue, 2018-2029
6.6.2 Brazil GMP Cell Banking Market Size, 2018-2029
6.6.3 Argentina GMP Cell Banking Market Size, 2018-2029
6.7 Middle East & Africa
6.7.1 By Country - Middle East & Africa GMP Cell Banking Revenue, 2018-2029
6.7.2 Turkey GMP Cell Banking Market Size, 2018-2029
6.7.3 Israel GMP Cell Banking Market Size, 2018-2029
6.7.4 Saudi Arabia GMP Cell Banking Market Size, 2018-2029
6.7.5 UAE GMP Cell Banking Market Size, 2018-2029
7 GMP Cell Banking Companies Profiles
7.1 Charles River
7.1.1 Charles River Company Summary
7.1.2 Charles River Business Overview
7.1.3 Charles River GMP Cell Banking Major Product Offerings
7.1.4 Charles River GMP Cell Banking Revenue in Global Market (2018-2023)
7.1.5 Charles River Key News & Latest Developments
7.2 Thermo Fisher
7.2.1 Thermo Fisher Company Summary
7.2.2 Thermo Fisher Business Overview
7.2.3 Thermo Fisher GMP Cell Banking Major Product Offerings
7.2.4 Thermo Fisher GMP Cell Banking Revenue in Global Market (2018-2023)
7.2.5 Thermo Fisher Key News & Latest Developments
7.3 Lonza
7.3.1 Lonza Company Summary
7.3.2 Lonza Business Overview
7.3.3 Lonza GMP Cell Banking Major Product Offerings
7.3.4 Lonza GMP Cell Banking Revenue in Global Market (2018-2023)
7.3.5 Lonza Key News & Latest Developments
7.4 Wuxi Apptec
7.4.1 Wuxi Apptec Company Summary
7.4.2 Wuxi Apptec Business Overview
7.4.3 Wuxi Apptec GMP Cell Banking Major Product Offerings
7.4.4 Wuxi Apptec GMP Cell Banking Revenue in Global Market (2018-2023)
7.4.5 Wuxi Apptec Key News & Latest Developments
7.5 Eurofins Scientific
7.5.1 Eurofins Scientific Company Summary
7.5.2 Eurofins Scientific Business Overview
7.5.3 Eurofins Scientific GMP Cell Banking Major Product Offerings
7.5.4 Eurofins Scientific GMP Cell Banking Revenue in Global Market (2018-2023)
7.5.5 Eurofins Scientific Key News & Latest Developments
7.6 Merck KGaA
7.6.1 Merck KGaA Company Summary
7.6.2 Merck KGaA Business Overview
7.6.3 Merck KGaA GMP Cell Banking Major Product Offerings
7.6.4 Merck KGaA GMP Cell Banking Revenue in Global Market (2018-2023)
7.6.5 Merck KGaA Key News & Latest Developments
7.7 SGS Life Sciences
7.7.1 SGS Life Sciences Company Summary
7.7.2 SGS Life Sciences Business Overview
7.7.3 SGS Life Sciences GMP Cell Banking Major Product Offerings
7.7.4 SGS Life Sciences GMP Cell Banking Revenue in Global Market (2018-2023)
7.7.5 SGS Life Sciences Key News & Latest Developments
7.8 Sartorius
7.8.1 Sartorius Company Summary
7.8.2 Sartorius Business Overview
7.8.3 Sartorius GMP Cell Banking Major Product Offerings
7.8.4 Sartorius GMP Cell Banking Revenue in Global Market (2018-2023)
7.8.5 Sartorius Key News & Latest Developments
7.9 Catalent
7.9.1 Catalent Company Summary
7.9.2 Catalent Business Overview
7.9.3 Catalent GMP Cell Banking Major Product Offerings
7.9.4 Catalent GMP Cell Banking Revenue in Global Market (2018-2023)
7.9.5 Catalent Key News & Latest Developments
7.10 Goodwin Biotechnology
7.10.1 Goodwin Biotechnology Company Summary
7.10.2 Goodwin Biotechnology Business Overview
7.10.3 Goodwin Biotechnology GMP Cell Banking Major Product Offerings
7.10.4 Goodwin Biotechnology GMP Cell Banking Revenue in Global Market (2018-2023)
7.10.5 Goodwin Biotechnology Key News & Latest Developments
7.11 Texcell
7.11.1 Texcell Company Summary
7.11.2 Texcell Business Overview
7.11.3 Texcell GMP Cell Banking Major Product Offerings
7.11.4 Texcell GMP Cell Banking Revenue in Global Market (2018-2023)
7.11.5 Texcell Key News & Latest Developments
8 Conclusion
9 Appendix
9.1 Note
9.2 Examples of Clients
9.3 Disclaimer
LIST OF TABLES & FIGURES
List of Tables
Table 1. GMP Cell Banking Market Opportunities & Trends in Global Market
Table 2. GMP Cell Banking Market Drivers in Global Market
Table 3. GMP Cell Banking Market Restraints in Global Market
Table 4. Key Players of GMP Cell Banking in Global Market
Table 5. Top GMP Cell Banking Players in Global Market, Ranking by Revenue (2022)
Table 6. Global GMP Cell Banking Revenue by Companies, (US$, Mn), 2018-2023
Table 7. Global GMP Cell Banking Revenue Share by Companies, 2018-2023
Table 8. Global Companies GMP Cell Banking Product Type
Table 9. List of Global Tier 1 GMP Cell Banking Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 10. List of Global Tier 2 and Tier 3 GMP Cell Banking Companies, Revenue (US$, Mn) in 2022 and Market Share
Table 11. By Type ? Global GMP Cell Banking Revenue, (US$, Mn), 2022 & 2029
Table 12. By Type - GMP Cell Banking Revenue in Global (US$, Mn), 2018-2023
Table 13. By Type - GMP Cell Banking Revenue in Global (US$, Mn), 2024-2029
Table 14. By Application ? Global GMP Cell Banking Revenue, (US$, Mn), 2022 & 2029
Table 15. By Application - GMP Cell Banking Revenue in Global (US$, Mn), 2018-2023
Table 16. By Application - GMP Cell Banking Revenue in Global (US$, Mn), 2024-2029
Table 17. By Region ? Global GMP Cell Banking Revenue, (US$, Mn), 2022 & 2029
Table 18. By Region - Global GMP Cell Banking Revenue (US$, Mn), 2018-2023
Table 19. By Region - Global GMP Cell Banking Revenue (US$, Mn), 2024-2029
Table 20. By Country - North America GMP Cell Banking Revenue, (US$, Mn), 2018-2023
Table 21. By Country - North America GMP Cell Banking Revenue, (US$, Mn), 2024-2029
Table 22. By Country - Europe GMP Cell Banking Revenue, (US$, Mn), 2018-2023
Table 23. By Country - Europe GMP Cell Banking Revenue, (US$, Mn), 2024-2029
Table 24. By Region - Asia GMP Cell Banking Revenue, (US$, Mn), 2018-2023
Table 25. By Region - Asia GMP Cell Banking Revenue, (US$, Mn), 2024-2029
Table 26. By Country - South America GMP Cell Banking Revenue, (US$, Mn), 2018-2023
Table 27. By Country - South America GMP Cell Banking Revenue, (US$, Mn), 2024-2029
Table 28. By Country - Middle East & Africa GMP Cell Banking Revenue, (US$, Mn), 2018-2023
Table 29. By Country - Middle East & Africa GMP Cell Banking Revenue, (US$, Mn), 2024-2029
Table 30. Charles River Company Summary
Table 31. Charles River GMP Cell Banking Product Offerings
Table 32. Charles River GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 33. Charles River Key News & Latest Developments
Table 34. Thermo Fisher Company Summary
Table 35. Thermo Fisher GMP Cell Banking Product Offerings
Table 36. Thermo Fisher GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 37. Thermo Fisher Key News & Latest Developments
Table 38. Lonza Company Summary
Table 39. Lonza GMP Cell Banking Product Offerings
Table 40. Lonza GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 41. Lonza Key News & Latest Developments
Table 42. Wuxi Apptec Company Summary
Table 43. Wuxi Apptec GMP Cell Banking Product Offerings
Table 44. Wuxi Apptec GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 45. Wuxi Apptec Key News & Latest Developments
Table 46. Eurofins Scientific Company Summary
Table 47. Eurofins Scientific GMP Cell Banking Product Offerings
Table 48. Eurofins Scientific GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 49. Eurofins Scientific Key News & Latest Developments
Table 50. Merck KGaA Company Summary
Table 51. Merck KGaA GMP Cell Banking Product Offerings
Table 52. Merck KGaA GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 53. Merck KGaA Key News & Latest Developments
Table 54. SGS Life Sciences Company Summary
Table 55. SGS Life Sciences GMP Cell Banking Product Offerings
Table 56. SGS Life Sciences GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 57. SGS Life Sciences Key News & Latest Developments
Table 58. Sartorius Company Summary
Table 59. Sartorius GMP Cell Banking Product Offerings
Table 60. Sartorius GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 61. Sartorius Key News & Latest Developments
Table 62. Catalent Company Summary
Table 63. Catalent GMP Cell Banking Product Offerings
Table 64. Catalent GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 65. Catalent Key News & Latest Developments
Table 66. Goodwin Biotechnology Company Summary
Table 67. Goodwin Biotechnology GMP Cell Banking Product Offerings
Table 68. Goodwin Biotechnology GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 69. Goodwin Biotechnology Key News & Latest Developments
Table 70. Texcell Company Summary
Table 71. Texcell GMP Cell Banking Product Offerings
Table 72. Texcell GMP Cell Banking Revenue (US$, Mn) & (2018-2023)
Table 73. Texcell Key News & Latest Developments
List of Figures
Figure 1. GMP Cell Banking Segment by Type in 2022
Figure 2. GMP Cell Banking Segment by Application in 2022
Figure 3. Global GMP Cell Banking Market Overview: 2022
Figure 4. Key Caveats
Figure 5. Global GMP Cell Banking Market Size: 2022 VS 2029 (US$, Mn)
Figure 6. Global GMP Cell Banking Revenue, 2018-2029 (US$, Mn)
Figure 7. The Top 3 and 5 Players Market Share by GMP Cell Banking Revenue in 2022
Figure 8. By Type - Global GMP Cell Banking Revenue Market Share, 2018-2029
Figure 9. By Application - Global GMP Cell Banking Revenue Market Share, 2018-2029
Figure 10. By Type - Global GMP Cell Banking Revenue, (US$, Mn), 2022 & 2029
Figure 11. By Type - Global GMP Cell Banking Revenue Market Share, 2018-2029
Figure 12. By Application - Global GMP Cell Banking Revenue, (US$, Mn), 2022 & 2029
Figure 13. By Application - Global GMP Cell Banking Revenue Market Share, 2018-2029
Figure 14. By Region - Global GMP Cell Banking Revenue Market Share, 2018-2029
Figure 15. By Country - North America GMP Cell Banking Revenue Market Share, 2018-2029
Figure 16. US GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 17. Canada GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 18. Mexico GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 19. By Country - Europe GMP Cell Banking Revenue Market Share, 2018-2029
Figure 20. Germany GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 21. France GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 22. U.K. GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 23. Italy GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 24. Russia GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 25. Nordic Countries GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 26. Benelux GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 27. By Region - Asia GMP Cell Banking Revenue Market Share, 2018-2029
Figure 28. China GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 29. Japan GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 30. South Korea GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 31. Southeast Asia GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 32. India GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 33. By Country - South America GMP Cell Banking Revenue Market Share, 2018-2029
Figure 34. Brazil GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 35. Argentina GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 36. By Country - Middle East & Africa GMP Cell Banking Revenue Market Share, 2018-2029
Figure 37. Turkey GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 38. Israel GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 39. Saudi Arabia GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 40. UAE GMP Cell Banking Revenue, (US$, Mn), 2018-2029
Figure 41. Charles River GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 42. Thermo Fisher GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 43. Lonza GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 44. Wuxi Apptec GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 45. Eurofins Scientific GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 46. Merck KGaA GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 47. SGS Life Sciences GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 48. Sartorius GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 49. Catalent GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 50. Goodwin Biotechnology GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)
Figure 51. Texcell GMP Cell Banking Revenue Year Over Year Growth (US$, Mn) & (2018-2023)