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Stem Cell/Cord Blood Banking Market Size, Global Analytical Overview, Key Players, Regional Demand, Trends And Forecast To 2032
Stem Cell/Cord Blood Banking Global Market
The Business Research Company's Stem Cell/Cord Blood Banking Global Market Report 2023 identifies Increasing number of cancer patients as the major driver for the Stem Cell/Cord Blood Banking market's growth in the forecast period. Cancer diseases such as leukemia and multiple myeloma can be treated by stem cell transplant. In stem cell transplant, treatment can be either done by autologous transplant in which the stem cells come from the same person who gets the transplant or by allogeneic transplant in which means the stem cells come from a matched related or unrelated donor.
The global stem cell/cord blood banking market size will grow from $10.23 billion in 2022 to $11.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global stem cell/cord blood banking is expected to grow to $16.36 billion in 2027 at a CAGR of 10.1%.
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Major competitors in the Stem Cell/Cord Blood Banking market are AMAG Pharmaceuticals, Cordlife, Cryo-Cell International, Esperite, Americord Registry LLC., China Cord Blood Corporation, Cordlife Group Limited, CordVida, ESPERITE N.V., and Cryo Stemcell.
A key trend in the Stem Cell/Cord Blood Banking market includes Pairing of cord blood and tissue storage with genetic testing services. Such pairing is possible and efficient because of its complimentary services to the existing clients, thereby helping in expanding their product portfolio. For example, genetic testing company Natera launched the Evercord cord blood and tissue storage service that enables expectant parents to collect, store and potentially retrieve their newborn's cord blood and tissue for therapeutic use in transplantation and regenerative medicine applications.
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The Stem Cell/Cord Blood Banking market is segmented -
1) By Cell Type: Adult Stem Cells, Umbilical Cord Blood Stem Cells, Embryonic Stem Cells
2) By Service: Collection, Processing, Analysis, Storage
3) By Bank Type: Public, Private
4) By Application: Leukemia, Anemia, Thalassemia, Autism, Cerebral Palsy, Diabetes, Other Applications
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Stem Cell/Cord Blood Banking market.
The Business Research Company's "Global Stem Cell/Cord Blood Banking Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Stem Cell/Cord Blood Banking Market Include:
1. Executive Summary
2. Stem Cell/Cord Blood Banking Market Characteristics
3. Stem Cell/Cord Blood Banking Market Trends And Strategies
4. Stem Cell/Cord Blood Banking Market - Macro Economic Scenario
5. Stem Cell/Cord Blood Banking Market Size And Growth
……
27. Stem Cell/Cord Blood Banking Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Stem Cell/Cord Blood Banking Market
29. Stem Cell/Cord Blood Banking Market Future Outlook And Potential Analysis
30. Appendix
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