Stem Cell Banking Market To Gain Huge Profits During Forecast 2020-2028
Industry Trends
Stem cell banking market involves collecting and preserving different kinds of stem cells for future applications, such as cord and adult stem cells. These stem cells need to undergo a large number of processing and analysis procedures after collection, the viability and various genetic tests on the stem cells are performed.
Increasing R&D activities in regard to stem cell applications and increasing the prevalence of fatal chronic diseases are key drivers of market growth. The large number of births that occur globally and GDP & disposable income growth are expected to further fuel market growth. Moreover, initiative taken by organizations and companies to spread awareness in regards with the benefits of stem cells and untapped market in the developing regions are anticipated to fuel the market growth. However, high processing & storage cost and lack of acceptance and awareness in developing regions adversely affect the market growth.
The global stem cell banking market can be classified in regional terms into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In 2017 North America dominated the stem cell banking market, followed by Europe, in terms of revenue. Due to the increasing prevalence of chronic diseases and the growth of the stem cell banking services, North America dominated the global market. The Asia Pacific, Latin America, and Middle East & Africa market is expected to expand during the forecast period due to growth in the healthcare industry and an increase in the population of patients in those regions. The market is set to expand in China, Brazil and India and is anticipated to expand at a high growth during the forecast period due to growth in the health care industry and increase in patient population in these regions. The market in China, Brazil, and India is projected to expand at a considerable pace between 2018 and 2026 due to rise in investment by governments of these countries to improve health care facilities.
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Stem Cell Banking in Healthcare Market Revenue & Forecast, (US$ Million), 2015 – 2027
Competitive Landscape
The report provides both, qualitative and quantitative research of facial injectables in healthcare market, as well as provides comprehensive insights and development methods adopted by the key contenders. The key players present in the market are making collaborations and product launch strategies in order to address the unmet aesthetic needs. Thereby, providing the physicians with new and better options, as well as augmenting the growth of the stem cell banking market. The companies are also focusing on expanding their presence in the emerging markets and also trying to maintain strong distributor relationships. For each company, the report studies their global presence, competitors, service offerings and specification amongst others.
The key players operating in the global stem cell banking market include: Cord Blood Registry, ViaCord, Cryo-Cell, China Cord Blood Corporation, Cryo-Save, New York Cord Blood Program, CordVida, Americord, CryoHoldco, and Vita34. Other prominent players in the value chain include Caladrius Biosciences, Cryoviva, Smart Cells International Ltd., Stemade Biotech, Cytori Therapeutics, Cellular Dynamics International, PerkinElmer, and Reelabs.
By Source: PSC, BMSC, ADSC, hESC, DPSC, NSC
By Service type: Sample Processing, Analysis, Collection, Storage
By Application: Personalized Storage, Clinical (Autoimmune, Hematopoietic Disorders), Research
By Geography:
North America: (U.S, Canada, Mexico, Rest of North America)
Europe: (France, The UK, Spain, Germany, Italy)
Nordic Countries: (Denmark, Finland, Iceland, Sweden, Norway)
Benelux Union: (Belgium, The Netherlands, Luxembourg, Rest of Europe)
Asia Pacific:(China, Japan, India, New Zealand, Australia, South Korea)
Southeast Asia: (Indonesia, Thailand, Singapore)
Rest of Southeast Asia
Middle East and Africa: (Saudi Arabia, UAE, Egypt, South Africa, Rest of Middle East and Africa)
Latin America: (Brazil, Argentina, Rest of Latina America)
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