Report Ocean recently released a research report on the Stem Cell Banking Market, which covers the market’s historical growth, cost structure, revenue, trends, and potential prospects for the period 2023-2031. The report provides an extensive coverage of the market across various categories and includes a detailed analysis at the national level, along with an evaluation of the key drivers, restraints, trends, and opportunities in the market.
The global stem cell banking market size was US$ 2.2 billion in 2020. The global stem cell banking market is forecast to reach the value of US$5.5 billion by 2030 by growing at a compound annual growth rate (CAGR) of 9.6% during the forecast period from 2021-2030. Stem cell banking is a process of collecting, extorting, and freezing cord blood for future use. Cord blood stem cells are used in the treatment of blood-related diseases, including thalassemia, sickle cell disease, and leukemia.
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Factors Influencing
- The global stem cell banking market is forecast to gain traction, owing to the growing prevalence of blood-related diseases, rising healthcare expenditure, and favorable government initiatives to enhance the services in the healthcare sector.
- The rising awareness regarding the therapeutic potential of stem cells treatment is forecast to fuel the growth of the global stem cell banking market.
- The increasing approval for research activities and trials in the stem cell industry would create lucrative opportunities for market growth during the analysis period.
- The growing development of advanced technologies for stem cell preservation, storage, and processing is forecast to create favorable growth opportunities for the market players in the global stem cell banking market.
- Companies’ initiatives to increase awareness regarding the benefits of stem cells are forecast to accelerate the market growth in the coming years. CordBloodAwareness.org was created in the United States to spread awareness regarding umbilical cord blood stem cells.
Geographic Analysis
Geographically, North America is forecast to lead in the global stem cell banking market because of the rising awareness regarding stem cell banking services and technological advancement in the industry. In addition, increasing demand for stem cell transplantation procedures is accelerating the regional growth in the global stem cell banking market. Furthermore, government initiatives to enhance healthcare infrastructure should create promising opportunities for the market players in the stem cell banking industry.
Asia-Pacific is forecast to grow with a significant compound annual growth rate. The increasing population awareness regarding the therapeutic benefits of stem cell banking is the primary factor driving the market growth. Moreover, government initiatives for improving healthcare infrastructure would propel the region’s contribution.
COVID-19 Impact Analysis
The global stem cell banking market witnessed a slight slow down during the pandemic as preferences shifted to curbing the COVID-19 spread. Moreover, people avoided vising hospitals for stem cell treatment as it increases the chances of risk. Surgeons and doctors also postponed other treatments, as the entire healthcare sector was overburdened by the COVID-19 patients. Thus, the stem cell banking market witnessed a slight decline during the pandemic.
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Competitors in the Market
- Cord Blood Registry System
- Cordlife Group Limited
- Cryo-Cell International
- Cryo-Save AG
- LifeCell International
- StemCyte
- ViaCord
- Global Cord Blood
- Smart Cells International
- Vita34
- CryoHoldco
- Other prominent players
Market segmentation
By Service Type
- Collection & Transportation
- Processing
- Analysis
- Storage
By Utilization
- Used
- Unused
By Cell Type
- Umbilical Cord Stem Cell
- Cord Blood
- Cord Tissue
- Placenta
- Adult Stem Cell
- Embryonic Stem Cell
By Bank Type
- Public
- Private
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By Region
- North America
- The U.S.
- Canada
- Mexico
- Europe
- Western Europe
- The UK
- Germany
- France
- Italy
- Spain
- Rest of Western Europe
- Eastern Europe
- Poland
- Russia
- Rest of Eastern Europe
- Asia Pacific
- China
- India
- Japan
- Australia & New Zealand
- ASEAN
- Rest of Asia Pacific
- Middle East & Africa (MEA)
- UAE
- Saudi Arabia
- South Africa
- Rest of MEA
- South America
- Brazil
- Argentina
- Rest of South America
Table of Content
Chapter 1: Global Stem Cell Banking Industry Overview
Chapter 3: Market Dynamics
Chapter 4: Top Company Profiles
Chapter 5: Global Stem Cell Banking market Competition, by Players
Chapter 6: Global Market Size by Regions
Chapter 7: Global Market Segment by Application
Chapter 8: Global Stem Cell Banking Industry Segment by Type
Chapter 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Chapter 10: Strategies and key policies by Distributors/Suppliers/Traders
Chapter 11: Key Marketing Strategy Analysis, by Market Vendors
Chapter 12: Market Effect Factors Analysis
Chapter 13: Global Stem Cell Banking market Size Forecast (2023-2031).
Continue….
Reasons to Buy This Report
(A) The research provides valuable insights for top administration, policymakers, professionals, product advancements, sales managers, and stakeholders in the market. It helps them make informed decisions and strategize effectively.
(B) The report offers comprehensive analysis of Stem Cell Banking market revenues on a global, regional, and country level, projecting trends until 2031. This data allows companies to assess their market share, identify growth opportunities, and explore new markets.
(C) The research includes segmentation of the Stem Cell Banking market based on types, applications, technologies, and end-uses. This segmentation enables leaders to plan their products and allocate resources based on the expected growth rates of each segment.
(D) Analysis of the Stem Cell Banking market benefits investors by providing insights into market scope, position, key drivers, challenges, restraints, expansion opportunities, and potential threats. This information helps them make informed investment decisions.
(E) The report offers a detailed analysis of competitors, their key strategies, and market positioning. This knowledge allows businesses to better understand the competition and plan their own strategies accordingly.
(F) The study helps evaluate Stem Cell Banking business predictions by region, key countries, and top companies, providing valuable information for investment planning and decision-making.
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