New York, NY, May 23, 2019 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled “Stem Cell Banking Market by Source (PSCs, hESCs, BMSCs, ADSCs, and Others), by Application (Personalized Banking, Clinical, and Research), and by Service Type (Sample Collection & Transportation, Sample Processing, Sample Analysis, and Sample Preservation & Storage): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global stem cell banking market was approximately USD 6.68 billion in 2018 and is expected to generate around USD 13.36 billion by 2025, at a CAGR of around 10.4% between 2019 and 2025.
Stem cells are cells that can differentiate themselves into different cells of varied organs and tissues. The stem cell banking process involves the storage of different kinds of stem cells for clinical and research applications. The growing prevalence of chronic diseases, such as cancer, increasing number of research activities that use of stem cells in therapeutics, rising number of government initiatives, and augmenting a number of stem cell banks are some major factors fueling the growth of the global stem cell banking market.
Browse through 54 Tables & 29 Figures spread over 110 Pages and in-depth TOC on “Global Stem Cell Banking Market: Size, Trends, Industry Share, Analysis and Forecast, 2018–2025”.
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The global stem cell banking market is divided into the source, application, and service type. The stem cell banking market is divided on the basis of application into clinical (hematopoietic disorders, autoimmune disorders, and others), personalized banking, and research. Research application is further divided into life science research, disease treatment studies, and drug discovery. Personalized banking applications dominated the stem cell banking market in 2018 globally, owing to the superior priced service plans of various service providers. Based on the source, the market is fragmented into BMSCs (bone marrow), PSCs (placental), ADSCs (adipose tissue), hESCs (human embryo), and others.
PSCs are projected to dominate the market in the future, owing to the growing establishment of placental and cord stem cells banks in developed countries of North America and Europe. Based on service type, the stem cell banking market includes sample processing, sample collection and transportation, sample preservation and storage, and sample analysis. Based on service type, stem cell banking is segmented as sample analysis, sample processing, sample collection & transportation, and sample preservation & storage. The sample preservation and storage segment is expected to dominate the global market for stem cells.
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The North American stem cell banking market dominated the globally in 2018, owing to the early introduction of highly developed equipment for research activities, the presence of highly skilled workforce, and an increase in the number of projects that use stem cell for treating chronic diseases. In 2014, at the University of California, the Sanford Stem Cell Clinical Center announced that the launched of a clinical trial to assess the safety of the neural stem cell-based therapy for patients suffering from severe spinal cord injury. The researchers hoped that the stem cells that were transplanted may differentiate into new neurons cells, which could replace the lost or severed nerve connections and restore some of the sensory or motor functions.
The European stem cell banking market acquired the second largest share in 2018. According to the World Health Organization, about 3.7 million new cases of cancer are registered annually in Europe. The increasing prevalence of chronic diseases, growing demand for personalized medicines, rising number of research activities related to stem cell applications, and the presence of highly equipped labs are some factors fueling the growth of the stem cell banking market in Europe.
Browse the full “Stem Cell Banking Market by Source (PSCs, hESCs, BMSCs, ADSCs, and Others), by Application (Personalized Banking, Clinical, and Research), and by Service Type (Sample Collection & Transportation, Sample Processing, Sample Analysis, and Sample Preservation & Storage): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/stem-cell-banking-market
Asia Pacific is anticipated to show the highest year-to-year growth in the upcoming years in the global stem cell banking market, due to the rising investments made by governments and renowned companies for R&D, growing awareness about the benefits of stem cells, and technological advancements related to research and development.
The Middle Eastern and African and Latin American regions are forecasted to show sturdy market growth, owing to the substantial developments witnessed in the healthcare infrastructure, increasing the prevalence of chronic diseases, growing investments by major companies, and rising number of government initiatives for stem cell research.
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Some major players of the global stem cell banking market are Cord Blood Registry (CBR) Systems, Cordlife Group Limited, Cryo-Cell International, ViaCord, Cryo-Save, LifeCell International, StemCyte, Global Cord Blood Corporation, Vita34, Smart Cells International, and CryoHoldco.
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This report segments the global stem cell banking market into:
Global Stem Cell Banking Market: Source Analysis
- Placental Stem Cells (PSCs)
- Human Embryo-Derived Stem Cells (hESCs)
- Bone Marrow-Derived Stem Cells (BMSCs)
- Adipose Tissue-Derived Stem Cells (ADSCs)
- Others
Global Stem Cell Banking Market: Application Analysis
- Personalized Banking
- Clinical
- Hematopoietic Disorders
- Autoimmune Disorders
- Others
- Research
- Disease Treatment Studies
- Life Science Research
- Drug Discovery
Global Stem Cell Banking Market: Service Type Analysis
- Sample Collection and Transportation
- Sample Processing
- Sample Analysis
- Sample Preservation and Storage
Global Stem Cell Banking Market: Regional Analysis
- North America
- The U.S.
- Europe
- UK
- France
- Germany
- Asia Pacific
- China
- Japan
- India
- Latin America
- Brazil
- The Middle East and Africa
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