Stem cell banking or preservation is a combined process of stem cell extraction, processing and storage, which can be used to treat a variety of medical conditions when needed. Stem cells have an amazing power to transform into any tissue or organ in the body. Recently, stem cells are used to treat a variety of life-threatening diseases such as blood and bone marrow diseases, blood cancers, and immune disorders.
Some of the Leading Players Involving in this Study Include:
2. ViaCord (A Subsidiary of PerkinElmer)
3. Cryo-Save AG
4. StemCyte India Therapeutics Pvt. Ltd.
5. Cryo-Cell International, Inc.
6. SMART CELLS PLUS.
7. Vita 34
9. Global Cord Blood Corporation
10. CBR Systems, Inc.
Stem cells are preliminary body cells from which all other cells with specialized functions are generated. Under controlled environment in the body or a clinical laboratory, these cells divide to form more cells called daughter cells. Due to the advent of modern health science, these cells play a major role in understanding the occurrence of diseases, generation of advanced regenerative medicines, and drug discovery. There are certain sources such as embryo, bone marrow, body fats, and umbilical cord blood amongst others, where stem cells are generated.
Stem cell research has been widely investigated globally to enhance human health in a medical setting. For this, creating public awareness about stem cell research is vital for realizing this potential. The stem cell's main role is to replace dying cells and reconstruct damaged tissues. Based on the extensive stem cell research results, many scientists have claimed that the cells could probably generate cures and treatment for various diseases, including cancers, cardiovascular disease, and others. Newly developed stem cell therapies having the capability to replace disease, causing cells.
Hence, patients now started relying on stem cell therapy that has long term positive outcomes. There is an increasing number of potential treatments that are undergoing in clinical trials phase. The FDA has approved very few stem cell therapies. For instance, in 2019, Fedratinib, approved by the FDA for the first-line treatment for myelofibrosis. Bone marrow transplantation is widely used stem cell based therapy. Blood forming stem cells were the first to be used in the clinic. This stem cell therapy has benefited thousands of patients who have leukemia.
Researchers are further investigating stem cell therapy in autoimmune disorder. Other adult stem cells based treatments are under clinical trials. Hematopoietic stem cells are currently used for treating more than 80 medical diseases, which include diseases of the immune system, blood disorders, neurological disorders, metabolic disorders, genetic disorders, and several types of cancers like leukemia, lymphoma, etc.
Source: The Insight Partners