Stem Cell Banking Market Global Outlook 2022-2027

According to the latest report by IMARC Group, titled “Stem Cell Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” the global stem cell banking market size reached a value of US$ 6.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 10.9 Billion by 2027, exhibiting a CAGR of 8.42% during 2022-2027.

Stem cell banking represents the process of freezing, extracting, and storing stem cells for potential future use. Common sources through which they are obtained include the umbilical cord, embryo, cord blood, placenta, and bone marrow. Stem cell banking is used for treating various disorders, such as diabetes, leukemia, sickle cell anemia, thalassemia, and cardiac diseases. It is also utilized for generating platelets, red blood cells, and white blood cells. As a result, stem cell banking finds widespread applications in tissue engineering, gene therapy, research and clinical studies, and regenerative medicines.

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 Market Trends:

The escalating advancements in medical science and the rising geriatric population, which is prone to chronic ailments, are among the primary factors driving the stem cell banking market. Besides this, the elevating fertility rates and human life expectancy across countries are further augmenting the market growth. Moreover, the launch of several policies by the government bodies across countries for instilling awareness among the masses towards the therapeutic potential of stem cells and the development of novel technologies for preservation, processing, and storage are also catalyzing the global market. Apart from this, the emerging trend of hematopoietic stem cell transplantation (HSCT) procedures and the high fertility rates are acting as significant growth-inducing factors. Furthermore, the inflating disposable incomes of individuals across the globe, the growing prevalence of chronic diseases, various technological advancements, and the increasing approval of clinical trials for academic and medical research are expected to bolster the stem cell banking market in the coming years.

Competitive Landscape with Key Players:

Major Key Players:

• CBR Systems Inc.
• China Cord Blood Corporation
• Cordlife (SGX: P8A)
• Cordvida
• Cryo-Cell International, Inc. (NYSEAMERICAN: CCEL
• Cryo-Save AG (A Group of Esperite)
• Cryoviva India
• Lifecell
• Smart Cells International Ltd
• Viacord

Key Market Segmentation:

The report has segmented the market into the following categories:

Breakup by Product Type:

• Adult Stem Cells
• Human Embryonic Cells
• IPS Cells

Breakup by Service Type:

• Sample Preservation and Storage
• Sample Analysis
• Sample Processing
• Sample Collection and Transportation

Breakup by Bank Type:

• Private
• Public

Breakup by Utilization:

• Used
• Unused

Breakup by Application:

• Personalized Banking Applications
• Research Applications
• Clinical Applications

Breakup by Region:

• North America: (United States, Canada)
• Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
• Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
• Latin America: (Brazil, Mexico, Others)
• Middle East and Africa

Explore Full Report Description At: https://www.imarcgroup.com/stem-cell-banking-market

Key Highlights of the Report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Market Trends
• Market Drivers and Success Factors
• Impact of COVID-19
• Value Chain Analysis
• Comprehensive mapping of the competitive landscape

If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.

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