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Stem Cell Banking Market Growing at Rapid CAGR of 19.5% and Expected to Hit $6,956 Million by 2023

March 5th, 2019 Allied Market Research Releases

The Global Stem Cell Banking Market reaped $1.99 billion in 2016 and is projected to garner $6.96 billion by 2023, registering a CAGR of 19.5% during the period 2017–2023.

Rise in number of newborns, increase in R&D activities for application of stem cells, surge in prevalence of fatal chronic diseases, and growth in GDP and disposable income are the major drivers of the global stem cell banking market. However, legal and ethical issues during collection of stem cells, high processing and storage cost, and lack of acceptance of awareness hamper the market growth. On the contrary, rise in initiatives to spread awareness and untapped market in developing regions are expected to create lucrative opportunities in the near future.

Get sample Copy of this Report Now @ @ https://www.alliedmarketresearch.com/request-sample/4614

The market is divided on the basis of cell type, bank type, service type, utilization, and geography. Based on the cell, the market is divided into umbilical cord stem cell, adult stem cell, embryonic stem cell. On the basis of bank type, the market is segmented into public and private. The private stem cell bank held the highest revenue in 2016 and is expected to continue its dominance through 2023.

Based on collection & transportation, processing, analysis, and storage. The storage segment was the largest contributor in 2016. Based on utilization, the market is divided into used and unused. The used stems cells segment is estimated to register the fastest CAGR during the forecast period. Geographically, the market is segmented into North America, Europe, Asia-Pacific, and LAMEA. North America held the largest share in the market in 2016 and is expected to continue its dominance throughout the forecast period.

The major companies in the market are profiled in the report

  • Cord Blood Registry
  • China Cord Blood Corporation
  • ViaCord
  • Cryo-Cell
  • New York Cord Blood Program
  • Cryo-Save
  • Americord
  • CordVida
  • CryoHoldco

Buy This Exclusive Report Now @ https://www.alliedmarketresearch.com/purchase-enquiry/4614

About Us:-

Allied Market Research (AMR) is a full-service market research and business consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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