The global stem cell banking market size reached US$ 7.4 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 11.7 Billion by 2028, exhibiting a growth rate (CAGR) of 8.1% during 2023-2028.
Stem cell banking is one of the most promising as well as the fastest growing segment of the next-generation stem cell therapy. It is the process of extracting, freezing and storing stem cells for potential future use. Some of the sources through which stem cells are obtained include embryo, umbilical cord, cord blood, placenta and bone marrow. These cells are used for treating a number of different diseases including diabetes, thalassemia, leukemia, sickle cell anemia and cardiac diseases. Moreover, they are also employed for generating platelets, red blood cells and white blood cells. The potential of stem cells to regenerate has led to their applications in tissue engineering, gene therapy and regenerative medicines.
Regulatory authorities as well as non-governmental organizations (NGO), across both developed and emerging regions, are taking initiatives for instilling awareness amongst consumers about the therapeutic potentials of stem cells, thereby influencing the stem cell banking market growth.
Increasing fertility rates has led to a rise in the number of children across the globe. This offers lucrative opportunities for preserving the umbilical cord of infants which contains hematopoietic (blood) stem cells.
Some of the other factors which are catalyzing the growth of the market include escalating disposable incomes, increasing approval of clinical trials in stem cell research, growing prevalence of chronic diseases and technological advancements.
2. What is the expected growth rate of the global stem cell banking market during 2023-2028?
3. What are the key factors driving the global stem cell banking market?
4. What has been the impact of COVID-19 on the global stem cell banking market?
5. What is the breakup of the global stem cell banking market based on the product type?
6. What is the breakup of the global stem cell banking market based on the service type?
7. What is the breakup of the global stem cell banking market based on the bank type?
8. What is the breakup of the global stem cell banking market based on the utilization?
9. What is the breakup of the global stem cell banking market based on the application?
10. What are the key regions in the global stem cell banking market?
11. Who are the key players/companies in the global stem cell banking market?
Stem cell banking is one of the most promising as well as the fastest growing segment of the next-generation stem cell therapy. It is the process of extracting, freezing and storing stem cells for potential future use. Some of the sources through which stem cells are obtained include embryo, umbilical cord, cord blood, placenta and bone marrow. These cells are used for treating a number of different diseases including diabetes, thalassemia, leukemia, sickle cell anemia and cardiac diseases. Moreover, they are also employed for generating platelets, red blood cells and white blood cells. The potential of stem cells to regenerate has led to their applications in tissue engineering, gene therapy and regenerative medicines.
Global Stem Cell Banking Market Drivers:
While the average human life expectancy has increased owing to the advancements in medical science, human aging is still associated with several diseases. Thus, the elevating count of geriatric population will drive the demand for stem cell therapy in the coming years.Regulatory authorities as well as non-governmental organizations (NGO), across both developed and emerging regions, are taking initiatives for instilling awareness amongst consumers about the therapeutic potentials of stem cells, thereby influencing the stem cell banking market growth.
Increasing fertility rates has led to a rise in the number of children across the globe. This offers lucrative opportunities for preserving the umbilical cord of infants which contains hematopoietic (blood) stem cells.
Some of the other factors which are catalyzing the growth of the market include escalating disposable incomes, increasing approval of clinical trials in stem cell research, growing prevalence of chronic diseases and technological advancements.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global stem cell banking market report, along with forecasts at the global and regional levels from 2023-2028. The report has categorized the market based on product type, service type, bank type, utilization and application.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
Regional Insights:
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- Latin America
Competitive Landscape:
The market is fragmented in nature with the presence various international as well as regional players. Some of the leading players operating in the market are:- CBR Systems Inc.
- China Cord Blood Corporation
- Cordlife
- Cordvida
- Cryo-Cell International, Inc.
- Cryo-Save AG (A Group of Esperite)
- Cryoviva India
- Lifecell
- Smart Cells International Ltd
- Viacord
Key Questions Answered in This Report
1. What was the size of the global stem cell banking market in 2022?2. What is the expected growth rate of the global stem cell banking market during 2023-2028?
3. What are the key factors driving the global stem cell banking market?
4. What has been the impact of COVID-19 on the global stem cell banking market?
5. What is the breakup of the global stem cell banking market based on the product type?
6. What is the breakup of the global stem cell banking market based on the service type?
7. What is the breakup of the global stem cell banking market based on the bank type?
8. What is the breakup of the global stem cell banking market based on the utilization?
9. What is the breakup of the global stem cell banking market based on the application?
10. What are the key regions in the global stem cell banking market?
11. Who are the key players/companies in the global stem cell banking market?
Table of Contents
1 Preface3 Executive Summary13 Global Stem Cell Banking Industry: Value Chain Analysis15 Global Stem Cell Banking Industry: Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Stem Cell Banking Market
6 Market Breakup by Product Type
7 Market Breakup by Service Type
8 Market Breakup by Bank Type
9 Market Breakup by Utilization
10 Market Breakup by Application
11 Market Breakup by Region
12 Global Stem Cell Banking Industry: SWOT Analysis
14 Global Stem Cell Banking Industry: Porters Five Forces Analysis
16 Competitive Landscape
Companies Mentioned
- CBR Systems Inc.
- China Cord Blood Corporation
- Cordlife
- Cordvida
- Cryo-Cell International Inc.
- Cryo-Save AG (A Group of Esperite)
- Cryoviva India
- Lifecell
- Smart Cells International Ltd
- Viacord
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 141 |
Published | September 2023 |
Forecast Period | 2022 - 2028 |
Estimated Market Value ( USD | $ 7.4 Billion |
Forecasted Market Value ( USD | $ 11.4 Billion |
Compound Annual Growth Rate | 7.5% |
Regions Covered | Global |
No. of Companies Mentioned | 10 |