Stem cells obtained from embryos in vitro, generally called somatic cells, are generally considered to be a source of medical insurance coverage for all adult patients. The fact is that adult stem cells are considered to be tissue capable of forming into organs, including that of the heart, kidney, pancreas, liver, lungs, and even eyesight. Adult stem cells are also said to have the potential to form into other cells, such as those that form blood or nerve cells. While stem cell banking is still fairly new, the potential for the advancement of science seems endless. As stem cell banking advances, the ability to provide more medical services to those who might benefit from these cells will become a reality. With the development of stem cell banking and their associated scientific studies, stem cells are now being stored in a variety of specialized environments, including bone marrow, kidney, lung, liver, heart, pancreas, stomach, and intestine tissue banks.
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Growing awareness regarding the therapeutic potential of stem cells coupled with the launch of novel technologies for stem cell preservation is driving the growth of the global stem cell banking market. For instance, in September 2021, TEMCELL Technologies announces the launch of human pluripotent stem cell (hPSC) characterization and banking services in partnership with WiCell®. The rise in hematopoietic stem cell transplantation (HSCT) procedures and growing investments in stem cell-based research is again stimulating the growth of the market.
North America is expected to gain significant growth over the forecast period and this is attributed to the network of stem cell banking services and ongoing approval of stem cell lines for disease treatment in the region. For instance, in September 2021, STEMCELL Technologies announces the launch of human pluripotent stem cell (hPSC) characterization and banking services in partnership with WiCell®. These services, offered through STEMCELL’s Contract Assay Services division, will provide researchers with comprehensive cell quality assessments and enable them to generate cell banks using standardized practices
Key Developments:
- In January 2018, LifeCell has launched community stem cell banking in India, Baby Cord Share, which allows sharing of preserved umbilical cord stem cells among its members.
- In August 2020, Cipla and Stempeutics collaborate for the launch of Stempeucel®, the first ‘Made in India’ Cell Therapy to treat Critical Limb Ischemia (CLI)
Market Scope:
As global Stem Cell Banking market research and application continue to expand in scope, the market will see deeper integration and application of more technologies in the future. This commercialization of the market is playing a positive role in accelerating global Stem Cell Banking business digitalization, improving industry chain structures, and enhancing information use efficiency. The findings mainly focus on category or product type, which underpins many recent advances in the other global Stem Cell Banking market technologies.
Fastest Growing Market: North America
CAGR: XX %
Largest Market: Asia Pacific
Study Period: 2021 – 2028
Major Players are Covered in The Study:
- Stem Cyte, Inc.
- Cryo-cell International
- ViaCord
- Cord Blood Registry
- SmartCells, Inc.
- LifeCell International Pvt. Ltd.
- Cryoviva Biotech Pvt. Ltd.
- Cryo Stemcell
- Reliance Life Sciences
- Transcell Biolife Pvt. Ltd.
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Detailed Segmentation:
Global Stem Cell Banking Market, By Source Type:
- Cord Blood
- Cord Tissue
Global Stem Cell Banking Market, By Service Type:
- Collection and Transportation
- Processing
- Analysis
- Storage
Global Stem Cell Banking Market, By Application:
- Leukemia
- Diabetes
- Lymphoma
- Cerebral Palsy
- Thalassemia
- Others
FAQ:
[1] Who are the global manufacturers of Stem Cell Banking, what are their market share, price, volume, competitive landscape, SWOT analysis, and future growth plans?
[2] What are the key drivers, growth/restraining factors, and challenges of Stem Cell Banking?
[3] How is the Stem Cell Banking industry expected to grow in the projected period?
[4] How has COVID-19 affected the Stem Cell Banking industry and is there any change in the regulatory policy framework?
[5] What are the key areas of applications and product types of the Stem Cell Banking industry that can expect huge demand during the forecast period?
[6] What are the key offerings and new strategies adopted by Stem Cell Banking players?
Reasons to Purchase this Report:
- The trendy developments, market shares, and strategies that are employed by means of the essential market players
- The segment that is anticipated to dominate the market as properly as the segment which holds the highest CAGR in the forecast period
- Current and future of global Stem Cell Banking market outlook in the developed and rising markets
- Regions/countries that are anticipated to witness the quickest growth rates at some stage in the forecast period
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Major Points Covered in the Table of Content:
Section 1: Global Stem Cell Banking Industry Overview
Section 2: Global Economic Impact on Stem Cell Banking Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Stem Cell Banking Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Finally, the Stem Cell Banking Market report measures the feasibility of new investment projects and presents an overall research conclusion. Finally, the Stem Cell Banking report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
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