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.
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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:
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:
Breakup by Service Type:
Breakup by Bank Type:
Breakup by Utilization:
Breakup by Application:
Breakup by Region:
Explore Report Description with TOC & List of Figure: https://www.imarcgroup.com/stem-cell-banking-market/toc
Key Highlights of the Report:
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