PUBLISHER: Acute Market Reports | PRODUCT CODE: 1234370
PUBLISHER: Acute Market Reports | PRODUCT CODE: 1234370
Stem cells are a class of undifferentiated biological cells of a multicellular organism that have potential to produce indefinite cells of the same type, from which certain type of cells (replication) can be produced by differentiation in the body through early life and growth. There are three types of stem cells: umbilical cord stem cells, adult stem cells, and embryonic stem cells. The umbilical cord stem cells or multipotent stem cells are able to produce a small number of different cell types. Adult stem cells originate from adult tissue and redevelop into all the cell types of the organ from the origin. Embryonic stem cells or pluripotent stem cells are produced from the inner cell mass of a blastocyst (embryo). Stem cell banking procedure includes the collection and preservation of several types of stem cells. Once the collection is completed, these stem cells undergo processing and analysis procedures; viability and different genetic tests are performed on these stem cells and are cryopreserved & stored for future use. Stem cells are preserved under cryogenic conditions (freezing at a temperature below-150°C) for longer duration/years in order to retrieve and use them when required for therapeutic purposes such as to treat diseases which harm the blood & immune system and some metabolic disorders.
A surge in the number of newborns and rising prevalence of life-threatening genetic disorders & chronic diseases across the world are expected to support the market growth over the forecast period. Moreover, growing awareness among people about stem cell therapeutics coupled with increasing disposable income and healthcare spending are expected to assist in the market growth. On the contrary, high processing and storage costs are anticipated to hinder the market growth during the forecast period.
The umbilical cord stem cells segment is expected to spearhead the market from 2023 to 2031 owing to the higher adoption of umbilical cord stem cells to treat around 80 diseases. The private banks segment is anticipated to hold comparatively higher market share attributed to high revenue generation from greater service offering. The presence of major market players in the U.S. coupled with growing awareness among citizens about stem cell banking is poised to support the dominance of North America during the forecast period.
Key players identified in the global stem cell banking market include:
CBR Systems, Inc.
Cryo-Cell International, Inc.
Cordlife
Cryo-Save AG
Global Cord Blood Corporation
Americord Registry LLC
Smart Cells International Ltd.
Celgene Corporation
BrainStorm Cell Therapeutics
Regenerative Medical Services Pvt. Ltd.
American CryoStem Corporation
Cordlife Group Limited
Cryoholdco De LatinoAmerica
S.A.P.I. DE C.V.
StemCyte Cord Blood Bank
Covis Pharma
CSG BIO
Others
Historical & Forecast Period
This study report represents analysis of each segment from 2021 to 2031 considering 2022 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2023 to 2031.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Stem Cell Banking market are as follows:
Research and development budgets of manufacturers and government spending
Revenues of key companies in the market segment
Number of end users and consumption volume, price and value.
Geographical revenues generate by countries considered in the report:
Micro and macro environment factors that are currently influencing the Stem Cell Banking market and their expected impact during the forecast period.
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
Market Segmentation
Cell Type
Umbilical cord stem cells
Cord blood
Cord tissue
Placenta
Adult stem cells
Embryonic stem cells
Bank Type
Private Banks
Public Banks
Hybrid Banks
Application
Thalassemia
Cerebral Palsy
Diabetes
Leukemia
Autism
Others
Region Segment (2021-2031; US$ Million)
North America
U.S.
Canada
Rest of North America
UK and European Union
UK
Germany
Spain
Italy
France
Rest of Europe
Asia Pacific
China
Japan
India
Australia
South Korea
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
Africa
Rest of Middle East and Africa
Global Impact of COVID-19 Segment (2020-2021; US$ Million )
Pre COVID-19 situation
Post COVID-19 situation
Key questions answered in this report:
What are the key micro and macro environmental factors that are impacting the growth of Stem Cell Banking market?
What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
Estimated forecast and market projections up to 2031.
Which segment accounts for the fastest CAGR during the forecast period?
Which market segment holds a larger market share and why?
Are low and middle-income economies investing in the Stem Cell Banking market?
Which is the largest regional market for Stem Cell Banking market?
What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
Which are the key trends driving Stem Cell Banking market growth?
Who are the key competitors and what are their key strategies to enhance their market presence in the Stem Cell Banking market worldwide?