NEW YORK, Dec. 11, 2023 /PRNewswire/ — The stem cell banking market size is expected to grow by USD 8.23 billion from 2023 to 2028. In addition momentum of the market will be progressing at a CAGR of 11.65% during the forecast period, according to Technavio Research. The market has segmented by product type (adult stem cells, umbilical cord blood stem cells, and embryonic stem cells), type (private and public), and geography (North America, Europe, Asia, and Rest of World (ROW)). North America accounts for 41% of market growth. North America is the largest revenue contributor due to the advanced technological support and the rising presence of prominent market players that provide stem cell storage and processing services and use stem cells for developing treatments for diseases such as cancer.
Technavio has announced its latest market research report titled Global Stem Cell Banking Market 2024-2028
This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read PDF Sample Report
Company Profile:
AMS Biotechnology Europe Ltd., CellSave Arabia FZ LLC, Cordlife Group Ltd., CordVida, Cryo Cell International Inc., Cryo Stemcell, Cryoviva Biotech Pvt. Ltd., FUJIFILM Corp., Global Cord Blood Corp., Kids Clinic India Pvt. Ltd., LifeCell International Pvt. Ltd., MEDIPOST Co. Ltd., New England Cord Blood Bank Inc., PerkinElmer Inc., Plus Therapeutics Inc., ReeLabs Pvt. Ltd., Regenerative Medical Services Pvt. Ltd., Smart Cells International Ltd., StemCyte India Therapeutics Pvt. Ltd., and Vita 34 International AG
CordVida: The company offers stem cell banking namely CordVida which gives the advantage of more treatment options.
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Stem Cell Banking Market: Segmentation Analysis
The adult stem cells segment will be significant during the forecast period. Adult stem cells are found in developed tissues such as the heart, brain, and kidney, where they mature and repair damaged tissues through cell division. They are abundant in infants, children, and adults. The adult stem cell banking segment leads the market owing to the easy availability of these cells within the human body.
Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a PDF Sample Report
“Besides analyzing the current market scenario, our report examines historic data from 2018 to 2022”- Technavio
Stem Cell Banking Market: Driver & Trend:
Driver-
Increased federal investment in stem cell therapy
Rising prevalence of several chronic disorders
Growing demand for personalized medicines
Early detection of several chronic disorders is the key factor driving market growth. Chronic diseases are one of the major causes of disability and death across the globe. Training, improved diet, and earlier detection are ways of preventing chronic diseases.
The rising focus on regenerative medicines is the primary trend shaping market growth. Identify key trends, drivers, and challenges in the market. Download a sample to gain access to this information.
Related Reports:
The cell sorting market is estimated to grow by USD 129.02 million at a CAGR of 7.86% between 2022 and 2027.
The Cell Therapy Market is estimated to grow by USD 31,041.49 million at a CAGR of 57.06% between 2022 and 2027.
What are the key data covered in this stem cell banking market report?
CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the market between 2023 and 2028.
Precise estimation of the stem cell banking market size and its contribution to the market in focus on the parent market
Accurate predictions about upcoming trends and changes in consumer behavior
Growth of the market across North America, Europe, Asia, and ROW
A thorough analysis of the market’s competitive landscape and detailed information about companies
Comprehensive analysis of factors that will challenge the growth of market companies.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Product Type
Market Segmentation by Type
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio
