Stem Cell Banking Market Size Projected to Cross Market Value of $16.55 Billion by 2030, Report
The stem cell banking market refers to the storage and preservation of stem cells for potential future use in medical treatments. Stem cells are unique cells that have the ability to differentiate into various types of specialized cells in the body. They are valuable in medical research and have the potential to treat a wide range of diseases and conditions.
Stem cell banking market size was valued at $4,298.5 million in 2020, and is projected to reach $16,558.4 million by 2030, registering a CAGR of 15.6% from 2021 to 2030.
Some of the key players involved in the Market are:
- American CryoStem Corporation
- Americord Registry LLC
- Cordlife Group Limited
- Cryo Cell International Inc.
- Cryoholdco De LatinoAmerica, S.A.P.I. DE C.V.
- StemCyte Cord Blood Bank
- Covis Pharma
- Global Cord Blood Corporation
- Smart cells
- CSG BIO
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The stem cell banking market can be segmented based on several factors. Here are some common segmentation criteria:
- Source: a. Cord Blood Stem Cells: Stem cells derived from umbilical cord blood at the time of childbirth. b. Bone Marrow Stem Cells: Stem cells collected from the bone marrow through a surgical procedure. c. Peripheral Blood Stem Cells: Stem cells obtained from the bloodstream through a process called apheresis.
- Service Type: a. Cord Blood Banking: Storage and preservation of cord blood stem cells. b. Cord Tissue Banking: Preservation of stem cells found in the umbilical cord tissue. c. Adult Stem Cell Banking: Collection and storage of stem cells from adult sources such as bone marrow or peripheral blood.
- Application: a. Therapeutic Applications: Stem cells used for regenerative medicine and treatment of various diseases such as cancer, cardiovascular disorders, autoimmune diseases, and genetic disorders. b. Research Applications: Stem cells utilized for scientific research, drug discovery, and development of new therapies.
- End User: a. Family/Private Banks: Stem cell banking for personal use by the family members. b. Public Banks: Stem cell storage for public use, allowing individuals without a family history of diseases to access stem cells. c. Hybrid Banks: Combination of private and public banking services.
- Geography: The stem cell banking market can also be segmented based on geographic regions, such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, as the market dynamics and regulations may vary across different regions.
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• How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
• Which region has more opportunities?
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