According to the latest report by IMARC Group, titled “Stem Cell Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027” offers a comprehensive analysis of the industry, which comprises insights on the global stem cell banking market statistics. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Stem Cell Banking Market Size Snapshots for 2022:
The global stem cell banking market 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.
Request to get the sample report: https://www.imarcgroup.com/stem-cell-banking-market/requestsample
Global Stem Cell Banking 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.
Stem Cell Banking Market 2022-2027 Competitive Analysis and Segmentation:
Competitive Landscape with Key Players:
The top competitors in the Stem Cell Banking Market, as highlighted in the report, are:
- CBR Systems Inc.
- China Cord Blood Corporation
- Cordlife (SGX: P8A)
- Cryo-Cell International, Inc. (NYSEAMERICAN: CCEL
- Cryo-Save AG (A Group of Esperite)
- Cryoviva India
- Smart Cells International Ltd
Key Market Segmentation:
The report has segmented the global stem cell banking market on the basis of product type, service type, bank type, utilization, application and region.
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:
Breakup by Utilization:
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 Report Description with TOC & List of Figure: https://www.imarcgroup.com/stem-cell-banking-market/toc
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.
Browse More Reports by US:
Vaccine Contract Manufacturing Market
United States Organ Preservation Market
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Company Name: IMARC Group
Contact Person: Elena Anderson
Email: Send Email
Address:30 N Gould St Ste R
Country: United States