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Cancer Patients Drive Growth In Stem Cell And Cord Blood Banking Market: Transformative Forces Shaping the Stem Cell/Cord Blood Banking Market Landscape in 2025
Stem Cell/Cord Blood Banking
What Will the Stem Cell/Cord Blood Banking Industry Market Size Be by 2025?
The valuation of the stem cell and cord blood banking sector has shown robust expansion recently; it's projected to increase from $12.26 billion in 2024 to reach $13.33 billion by 2025, reflecting an 8.7% compound annual growth rate over this timeframe, with this historical upward trajectory being driven by progress in medical science, heightened public understanding, proven utility in clinical settings, favorable governmental guidelines, and enhanced investment in research activities.
What's the Long-Term Growth Forecast for the Stem Cell/Cord Blood Banking Market Size Through 2029?
Anticipated to expand swiftly over the coming timeframe, the market encompassing stem cell and cord blood banking is projected to reach a valuation of $21.6 billion by 2029, achieving a compound annual growth rate (CAGR) of 12.8%. This upward trajectory during the projection period is fundamentally driven by advancements in personalized medicine, the emergence of novel therapeutic approaches, global market penetration, increased funding within the biotechnology sector, and the development of suitable legal and ethical guidelines. Key developments shaping this market throughout the forecast window involve the introduction of less intrusive collection techniques, the availability of diversified banking options, greater emphasis on openness and regulatory compliance, increased strategic partnerships, and continuous progress in storage technology.
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What Are the Key Growth Drivers Fueling the Stem Cell/Cord Blood Banking Market Expansion?
A significant factor fueling the expansion of the stem cell and cord blood banking sector is the rising incidence of cancer diagnoses. Treatments for malignancies like leukemia and multiple myeloma frequently involve stem cell transplantation, a process categorized as either autologous, where the patient receives their own harvested stem cells, or allogeneic, requiring cells from a compatible donor, be it related or unrelated. The utility of stem cells in oncology lies in their capacity to regenerate blood-forming cells that have been compromised by chemotherapy. To illustrate this trend, data from the American Cancer Society, a US-based non-profit focused on advocating against cancer, indicated that the estimated cancer cases climbed to 1,958,310 in 2023, marking a 3.16% ascent from the 1,898,160 cases recorded in 2021. Consequently, this escalation in the patient population afflicted with cancer acts as a principal catalyst for the advancement of the stem cell/cord blood banking market.
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What Are the Key Trends Driving Stem Cell/Cord Blood Banking Market Growth?
A developing pattern within the stem cell and cord blood preservation industry involves the consolidation of genetic screening options alongside established storage offerings. This amalgamation proves both feasible and advantageous, as the added genetic service naturally complements what is already provided to current customers, consequently facilitating the broadening of their available offerings. To illustrate this, the genetic testing firm Natera introduced the Evercord service for banking cord blood and tissue, which facilitates prospective parents in gathering, preserving, and ultimately accessing their infant's cord blood and tissue for prospective utilization in regenerative therapies and transplantation scenarios.
How Is the Stem Cell/Cord Blood Banking Market Segmented?
The stem cell/cord blood bankingmarket 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 Companies Are Leading the Charge in Stem Cell/Cord Blood Banking Market Innovation?
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
Which Regions Are Leading the Global Stem Cell/Cord Blood Banking Market in Revenue?
North America was the largest region in the stem cell/cord blood banking market in 2024. 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
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