(MENAFN Editorial) Stem cell banking is a facility which stores cord blood and cord tissue for use in future. Stem cells are stored in private of public banks. The continuous research on stem cell has led to development of stem cell products which are developed by combination of autologous cell therapy, gene manipulation and tissue engineering. The increased scope of research in stem cell and development of innovative products to treat acute and chronic diseases has resulted in growth of the market. Global Stem Cell Banking Market Research Report 2018-2025 by Competitors, Regional Analysis, Product Types, End Users and Application provides information on Pricing, Market Analysis, Shares, Forecast, and Company Profiles for key Industry participants.
Global Stem Cell Banking Market report provides an outlook for current market value as well as the expected growth of Global Stem Cell Banking Market during 2018-2025. The whole supply chain of Global Stem Cell Banking Market has been explained with statistical details with a special emphasis on various upstream and downstream components. The current trends pertaining to the demand, supply, and sales of Global Stem Cell Banking Market, together with the recent developments have been given here to provide an exhaustive picture of this market.
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Stem Cell Banking Market accounted to USD 1.2 billion in 2016 growing at a CAGR of 20.5% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Major Market Drivers and Restraints:
Some of the major players operating in stem cell banking market are:- CBR Systems Inc., Cordlife, Cryo-Cell International Inc., Cryo-Save AG, Lifecell, Stemcyte, ViaCord, Smart Cells Plus, Cryoviva India, Cordvida, China Cord Blood Corporation, Esperite N.V., NeoStem, Arteriocyte Medical Systems Inc., Brainstorm Cell Therapeutics, Capricor Therapeutics, Takara Bio Company, Cellerant Therapeutics Inc., Gamida Cell, NovaCord, ReNeuron Group plc, StemOne Biologicals, ReeLabs Pvt. Ltd. among others.
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Major Market Drivers and Restraints:
Rising population of newborn Rising awareness related to stem cell therapeutics Potential benefits of stem cells in the treatment of various diseases High initial and maintenance cost Severe competition in the market leading to entry barriers
Market Segmentation: By type, the market for stem cell banking market is segmented into:-
Cord Blood and Cord Tissue.
By Service, the stem cell banking market is segmented into Collection & Transportation, Processing, Analysis, Storage
Embryonic, Adult, Germinal.
On the Basis of Origin, the stem cell banking market is segmented into Embryonic, Adult and Germinal.
By Application the market is segmented into
Cerebral Palsy, Thalassemia, Leukemia, Diabetes, Cancer, Cardiac Diseases, Autism others.
On the basis of End-User the stem cell banking market is segmented into:- Hospitals, Pharmaceutical Companies, Research Institutes and Laboratories.
On the basis of Geography, stem cell banking market report covers data points for 28 countries across multiple geographies such as:-
North America & South America, Europe, Asia-Pacific, and Middle East & Africa.
Competitive Analysis: The stem cell banking market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of stem cell banking market for global, Europe, North America, Asia Pacific and South America.
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