Global Stem Cell Banking Market Latest Companies, Growth Study and Forecast Report 2020
Global Stem Cell Banking Market Research Report: By Cell Type (Umbilical Cord Stem Cells, Adult Stem Cells, Embryonic Stem Cells), By Bank Type (Private Banks, Public Banks, Hybrid Banks) and By Application (Thalassemia, Cerebral Palsy, Diabetes, Leukemia, Autism, Others) – Forecast to 2025
Market Highlights:
According to MRFR
analysis, Stem Cell
Banking Market is expected to register a CAGR of 9.8% during
the forecast period of 2019 to 2025 and is expected to
reach USD 12,056.7 Million by 2025.
Stem cells (SC) are a
class of undifferentiated biological cells of a multicellular organism that
have the ability to produce indefinite cells of the same type, from which
certain types of cells (proliferation and replication) can be produced by differentiation
in the body through early life and growth. The stem has the potential to
develop into several different cell types, from muscle cells to brain cells.
Factors representing the growth of the market are rising use of therapeutic
potential of stem cells, increasing investments in stem cell-based research,
surging number of hematopoietic stem cell transplantation (HSCT) procedures,
and growing newborn population. For instance, in August 2018, the Ministry of
Science and Technology (MOST) of the Government of China published a draft of
the “2019 Annual Project Application Guide” for the Stem Cell and
Transformation Research pilot project. The government proposed investing 400
million yuan (around USD 56.4 million) to support stem cell research in China.
On the other hand, high operational and storage costs and dearth of awareness
about stem cell banking in developing and underdeveloped nations are
anticipated to impede the market growth during the forecast period.
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Segmentation
The Global Stem Cell
Banking Market has been segmented based on cell type, bank type, and
application.
Based on cell type, the
market has been divided into umbilical cord stem cells, adult stem cells, and
embryonic stem cells. The umbilical cord stem cells segment has been
additionally categorized into cord blood, cord tissue, and placenta. The
umbilical cord stem cells segment will hold the highest market share over the
forecast period due to huge demand for umbilical cord blood in stem cell
research. Scientists found that the umbilical cord is a rich source of stem
cells and are collected from people of different biological traits.
On the basis of bank type,
the global stem cell banking market has been classified into private banks,
public banks, and hybrid banks. The private bank's segment would lead the
market throughout the forecast period as it generates greater revenue, the cost
to retrieve cord blood is free, and has complete ownership rights preserved by
the donor. In addition, private banks have flexible collection sites and
assured, and secured access offers a competitive advantage over public banks.
By application, the market
has been bifurcated into thalassemia, cerebral palsy, diabetes, leukemia,
autism, and others. The diabetes segment is likely to witness the fastest
market growth due to the rising burden of diabetes mellitus (DM) across the
world, thereby augmenting the demand for stem cells. For instance, as per
statistics published by the International Diabetes Federation (IDF), in 2017,
about 425 million adults were living with diabetes worldwide, which is
anticipated to increase to 629 million by 2045.
Regional Analysis
The market has been divided
by region into the Americas, Europe, Asia-Pacific, and the Middle East &
Africa. The stem cell banking market in the Americas has further been divided
into North America and Latin America, with the North American market divided
into the US and Canada. The existence of key market participants and
sophisticated healthcare infrastructure, expanding network of stem cell banking
services, and continuous efforts by researchers to explore new therapeutic
applications of cord blood cells in the US and Canada is assisting in the
dominance of North America. The European stem cell banking market has been
categorized as Western Europe and Eastern Europe. The Western European market
has further been classified as Germany, France, the UK, Italy, Spain, and the
rest of Western Europe. The stem cell banking market in Asia-Pacific has been
segmented into Japan, China, India, South Korea, Australia, and the rest of
Asia-Pacific. Asia-Pacific is likely to register the fastest market growth over
the forecast period owing to surging elder population, increasing product
launches, growing investments in R&D projects, and the presence of
favorable regulatory policies coupled with commercialization opportunities. The
stem cell banking market in the Middle East & Africa has been divided into
the Middle East and Africa.\
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The report for Global market by Market
Research Future comprises of extensive primary research along with the detailed
analysis of qualitative as well as quantitative aspects by various industry
experts, key opinion leaders to gain a deeper insight of the market and
industry performance. The report gives a clear picture of the current market
scenario which includes past and estimated future market size with respect to
value and volume, technological advancement, macro economical and governing
factors in the market. The report provides detail information about and
strategies used by top key players in the industry. The report also gives a
broad study of the different market segments and regions.
Key Players
Some of the key
players in the Global Stem
Cell Banking Market are Americord Registry LLC (US), CBR Systems, Inc.
(US), Cryo-Cell International, Inc. (US), Cordlife (Singapore), Cryo-Save AG
(Netherlands), Smart Cells International Ltd. (UK), Global Cord Blood
Corporation (Hong Kong), Celgene Corporation (US), BrainStorm Cell Therapeutics
(US), and Regrow Biosciences Pvt. Ltd. (India).
TOC:
1.
Report Prologue
2. Market
Introduction
2.1
Definition
2.2 Scope of the
Study
2.2.1
Research Objective
2.2.2
Assumptions
2.2.3
Limitations
3. Research
Methodology
3.1 Introduction
3.2 Primary
Research
3.3 Secondary research
3.4 Market Size
Estimation
TOC…Continued
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