Report Sellers has added a new market research report “Stem Cell Banking – Global Market Outlook (2017-23)” to its offerings.
According to Report, Global Stem Cell Banking Market is accounted for $1.68 billion in 2016 and is expected to reach $5.61 billion by 2023 growing at a CAGR of 18.8% during the forecast period. Growing number of newborns, increasing usage of stem cells in disorder treatment and rising disposable income are some of the factors fueling the market growth. However, huge operating price and regulatory changes are some of the factors hampering the market. Rising awareness about potential use of cord tissue and the automation of procedures are creating opportunities for vendors in the market.
Stem cell banking is one of the most happening markets in the field of life sciences. A stem cell bank is a service that preserves stem cells for the treatment of life threatening diseases in the future. Stem cells are stored at temperatures much below the freezing point. Stem cells are undifferentiated biological cells that can distinguish into specialized cells, tissue, or an organ. The process of storing these stem cells for the treatment of life threatening diseases in the future is called stem cell banking. Stem cells have the potential to differentiate into various types of cells in the body.
The demand for stem cells from cord blood is increasing as they are useful for the treatment of blood-related diseases and disorders. Collection and transportation services are gaining interest as these services are helpful in providing the quality of unit of the stem cell to be released or transplanted. North America has acquired largest market share due to the availability of federal funding for stem cell research, increasing demand for private banks in U.S region, FDA-approved clinical trials provided safety use of stem cell therapies.
Some of the key players in global stem cell banking market include RMS Regrow, International Stem Cell Corporation, Jeevan Blood Bank Research Center, Cordvida, Cytori Therapeutics, Inc, BrainStorm Cell Therapeutics, Cellular Dynamics International, Cryo Stemcell, StemOne Biologicals, Gamida Cell, ReNeuron Group, CordCare, ReeLabs, RhinoCyte, Inc., Medistem Inc, Arteriocyte.
Browse through the complete description and in-depth TOC on “Global Stem Cell Banking Market”
What does the Report Offers
Market share assessments for the regional and country level segments
Market share analysis of the top industry players
Strategic recommendations for the new entrants
Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets
Strategic recommendations in key business segments based on the market estimations
Competitive landscaping mapping the key common trends
Company profiling with detailed strategies, financials, and recent developments
Global Stem Cell Banking Market has been segmented by services covered, applications covered, bank types covered and regions covered
Collection & Transportation
Bank Types Covered:
Rest of Europe
Rest of Asia Pacific
Rest of South America
Middle East & Africa
Rest of Middle East & Africa
We have a large number of reports in Healthcare Industry which can be accessed in the https://www.reportsellers.com/category/healthcare-market-research-report
About Report Sellers
Report Sellers is a premium market research service provider offering market reports in varied sectors. We have a team of experienced analysts and publishers who continuously track the latest trends in different industries. Report Sellers is a brand of global repute and offers the best suited research services to its clients globally in the most satisfying manner. We have a strong network of industry experts who have successfully delivered complex research assignments in niche and top markets.
For more information, contact