Global Stem Cell Banking Market
The global Stem Cell Banking market was valued at USD 1.52 billion in 2016 and is projected to reach USD 7.94 billion by 2025, growing at a CAGR of 20.17% from 2017 to 2025.
Stem Cell banking involves preservation of new born placental stem cells or amniotic stem cells as well as adult bone marrow stem cells. The concept ensures health safety in case of a major surgery or organ regeneration needs for the patient. With increasing awareness regarding the practice, the market is expected to boost in near future.
1. Market Drivers
1.1 Easy Extraction Methods
1.2 High birth ratio
1.3 Increase in GDP and Disposable income in developing nations
1.4 Increasing support from public and private sector
1.5 Scope of stem cell usage in therapeutics and treatment
2. Market Restraints
2.1 Large number of players in the market
2.2 High Cost of technology
2.3 Lack of awareness
2.4 Regulatory restrains
1. By Application:
1.1 Cerebral Palsy
2. By Services:
2.1 Collection & Transportation
3. By Bank Type:
3.1 Cord Blood
3.2 Cord Tissue
4. By Region:
4.1 North America (U.S., Canada, Mexico)
4.2 Europe (Germany, UK, France, Rest of Europe)
4.3 Asia Pacific (China, India, Japan, Rest of Asia Pacific)
4.4 Latin America (Brazil, Argentina, Rest of Latin America)
4.5 Middle East & Africa
The major players in the market are as follows:
1. CBR Systems, Inc.
4. Cryo-Save AG (A Group of Esperite)
8. Smart Cells International Ltd.
9. Cryoviva India
11. China Cord Blood Corporation
These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
RESEARCH METHODOLOGY OF VERIFIED MARKET INTELLIGENCE:
Research study on the Stem Cell Bankingmarketwas performed in five phases which include Secondary research, Primary research, subject matter expert advice, quality check and final review.
The market data was analyzed and forecasted using market statistical and coherent models. Also market shares and key trends were taken into consideration while making the report. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis.
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