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Cord Blood And Tissue Storage Paired With Genetic Testing Services In Stem Cell Banking Trend: A Crucial Influence on the Stem Cell/Cord Blood Banking Market's Transformation in 2025
Stem Cell/Cord Blood Banking Market
There has been robust growth in the size of the stem cell/cord blood banking market in the previous years. The market will rise in value from $12.26 billion in 2024 to $13.36 billion in 2025, implying a compound annual growth rate (CAGR) of 9.0%. The growth during the historical period is a result of medical innovations, heightened awareness, successful clinical uses, regulatory backing, and research financing.
The size of the stem cell/cord blood banking market is anticipated to experience quick growth in the upcoming years. By 2029, the market is projected to reach $21.78 billion, with a compound annual growth rate (CAGR) of 13.0%. This predicted growth during the forecast period can be ascribed to factors such as personalized medicine, emerging therapies, global expansion, investment in biotechnology, and a legal and ethical framework. Key trends that will be notable during this forecast period include non-invasive collection methods, an array of banking services, transparency and regulation, cooperative initiatives, and storage advancements.
What Factors Are Fueling Growth in the Stem Cell/Cord Blood Banking Market?
The growth of the stem cell/cord blood banking market is significantly propelled by a rise in cancer cases. Diseases such as leukemia and multiple myeloma can be addressed through stem cell transplant. Treatment through stem cell transplant can be performed either by autologous transplant, where the stem cells originate from the transplant recipient, or by allogeneic transplant, which uses stem cells from a related or unrelated matched donor. Utilizing stem cells in cancer treatment can regenerate the blood-forming stem cells damaged during chemotherapy. For example, the American Cancer Society, a US-based non-profit advocating for cancer, reported an increase in cancer cases to 1,958,310 in January 2023, marking a 3.16% increase from 1,898,160 in 2021. Consequently, the surge in cancer cases is contributing to the expansion of the stem cell/cord blood banking market.
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Which Leading Companies Are Shaping the Growth of the Stem Cell/Cord Blood Banking Market?
Major companies operating in the stem cell/cord blood banking market include AMAG Pharmaceuticals Inc., Cryo-Cell International Inc., Esperite NV, Americord Registry LLC, China Cord Blood Corporation, Cordlife Group Ltd., CordVida, Cryo Stemcell, PerkinElmer Inc., ReeLabs Pvt Ltd., Smart Cells International Ltd., Stemade Biotech Pvt Ltd., ViaCord Inc., Americord Registry LLC, LifeCell International, Cryoviva Biotech Pvt Ltd., Cytori Therapeutics Inc., Thermo Fisher Scientific Inc., Cord Blood America Inc., StemCyte Inc., Brainstorm Cell Therapeutics Inc., Cord Blood Registry Systems Inc., Healthbanks Biotech Usa Inc., Cryo-save Private Ltd., New York Cord Blood Center, CryoHoldco, Vita 34 International AG, Reliance Life Sciences Pvt Ltd., Maze Cord Blood Laboratories, Cells4Life Group LLP
What Are the Major Trends Shaping the Stem Cell/Cord Blood Banking Market?
An emerging trend in the stem cell/cord blood banking market is the combination of cord blood and tissue storage with genetic testing services. This combination is feasible and effective due to its supplementary services to present customers, thus aiding in broadening their selection of products. A case in point is Natera, a genetic testing company, which introduced the Evercord cord blood and tissue storage service. This service allows prospective parents to gather, keep, and possibly recover their newborn's cord and tissue blood for therapeutic use in transplantations and applications of regenerative medicine.
What Are the Key Segments of the Stem Cell/Cord Blood Banking Market?
The stem cell/cord blood banking market covered in this report 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
Subsegments:
1) By Adult Stem Cells: Hematopoietic Stem Cells (HSC), Mesenchymal Stem Cells (MSC), Neural Stem Cells (NSC), Induced Pluripotent Stem Cells (iPSCs)
2) By Umbilical Cord Blood Stem Cells: Hematopoietic Stem Cells (HSC) From Cord Blood, Mesenchymal Stem Cells (MSC) From Cord Blood
3) By Embryonic Stem Cells: Embryonic Stem Cells (ESCs) From Human Embryos, Stem Cells Derived From Human Embryonic Germ Cells
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Which Region Dominates the Stem Cell/Cord Blood Banking Market?
North America was the largest region in the stem cell/cord blood banking market in 2023. Western Europe was the second largest region in the stem cell/cord blood banking market analysis. The regions covered in the stem cell/cord blood banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What Is Covered In The Stem Cell/Cord Blood Banking Global Market Report?
- Market Size Analysis: Analyze the Stem Cell/Cord Blood Banking Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Stem Cell/Cord Blood Banking Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Stem Cell/Cord Blood Banking Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Stem Cell/Cord Blood Banking Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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