Press release
Stem Cell Banking Market to Witness a Pronounce Growth During 2018-2026
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The global stem cell market has been divided on the basis of types of stem cells, applications, by service and region.
On the basis of types of stem cells, the global stem cells market has segmented into:
Cord blood
Cord tissues
Adipose tissues
Bone marrow
On the basis of applications of the stem cells, the global stem cells market has segmented into:
Leukemia
Anemia
Thalassemia
Autism
Cerebral palsy
Diabetes
Others
On the basis of service, the global stem cell banking market has segmented into:
Collection
Processing
Analysis
Storage
The global stem cell banking market has expected to grow rapidly over a forecast period as the awareness about the benefits of stem cell banking has increased over a last decade and drives the global stem cell banking market. The average human life expectancy has significantly increased due to the advancements in medical research, unfortunately the human aging is associated with the various diseases which became the targeted population for the stem cell banking and drives the growth of the global stem cell banking market. The increasing number of the fertility rate resulted in the rise in the number of children which can be the new market opportunity due to increasing awareness about preservation of newborn child’s umbilical cord as a type of stem cells.
However, the cost is the major concern for stem cell banking and its applications in various end treatments. The higher cost of the stem cell preservation may restrict the usage of stem cell banking in developing and non-developed regions. The unfavorable government rules and regulations regarding stem cell preservations through stem cell banking also can hamper the growth of the global stem cell banking market.
In terms of geography, the global stem cell banking market has been divided into five key regions, including North America, Latin America, Europe, Asia-Pacific (APAC) and Middle East & Africa (MEA).
The North America has contributed the leading market share to the global stem cell banking due to advancement medical infrastructure and increasing awareness about the benefits of the stem cell preservations. Followed by North America, the Europe has also registered the significant growth to the global stem cell banking market. The Asia Pacific region has expected to show a robust growth over a forecast period due to rapidly developing medical facilities and services in the countries such as Japan, China and India. The rising power of per capita expenditure on healthcare facilities in the APAC also expected to boost the growth of the global stem cell banking market in the region. Latin America and MEA are at a nascent stage and expected to register a significant growth over the forecast period.
Some of the key players of the global stem cell banking market are NeoStem, Esperite, Smart Cells International, StemCyte, ViaCord, Capricor, CordCare, Cryo Stemcell, Cellartis and Aldagen. The key players from the North America and Europe are contributing major share to the global stem cells banking market.
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Overall, the global stem cell banking market has expected to register the significant growth over the forecast period.
The report covers exhaustive analysis on:
Stem cell banking market segments
Stem cell banking market dynamics
Stem cell banking market historical actual market size, 2013 - 2017
Stem cell banking market size & forecast 2018 to 2026
Stem cell banking market current trends/issues/challenges
Competition & companies involved
Stem cell banking market drivers and restraints
Regional analysis includes
North America
Latin America
Europe
Asia Pacific
Middle East & Africa
Report Highlights:
Shifting Industry dynamics
In-depth market segmentation
Historical, current and projected industry size recent industry trends
Key Competition landscape
Strategies of key players and product offerings
Potential and niche segments/regions exhibiting promising growth
A neutral perspective towards market performance
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