Attaining complete info about the trends and opportunities in the industry is fairly time consuming process but the market report eases it for businesses.Stem Cell Banking Market research report acts as a valued source of information with which businesses can achieve a telescopic view of the current market trends, consumer’s demands and preferences, market situations, opportunities and market status. The report comprises of a number of market dynamics and estimations of the growth rate and the market value based on market dynamics and growth inducing factors. To formulate this Stem Cell Banking Market report, detailed market analysis has been performed with the inputs from industry experts.
Global stem cell banking market is set to witness a substantial CAGR of 11.03% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017.
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Market Definition: Global Stem Cell Banking Market
Stem cells are cells which have self-renewing abilities and segregation into numerous cell lineages. Stem cells are found in all human beings from an early stage to the end stage. The stem cell banking process includes the storage of stem cells from different sources and they are being used for research and clinical purposes. The goal of stem cell banking is that if any person’s tissue is badly damaged the stem cell therapy is the cure for that. Skin transplants, brain cell transplantations are some of the treatments which are cured by stem cell technique.
- Increasing rate of diseases such as cancers, skin diseases and others
- Public awareness associated to the therapeutic prospective of stem cells
- Growing number of hematopoietic stem cell transplantations (HSCTs)
- Increasing birth rate worldwide
- High operating cost for the therapy is one reason which hinders the market
- Intense competition among the stem cell companies
- Sometimes the changes are made from government such as legal regulations
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Segmentation: Global Stem Cell Banking Market
- Placental Stem Cells (PSCs)
- Human Embryo-Derived Stem Cells (hESCs)
- Bone Marrow-Derived Stem Cells (BMSCs)
- Adipose Tissue-Derived Stem Cells (ADSCs)
- Dental Pulp-Derived Stem Cells (DPSCS)
- Other Stem Cell Sources
- Personalized Storage
- Hematopoietic Disorders
- Autoimmune Disorders
- Disease Treatment Studies
- Life Science Research
- Drug Discovery
By Service Type
- Sample Collection and Transportation
- Sample Processing
- Sample Analysis
- Sample Preservation and Storage
Key Developments in the Market:
- In August, 2019, Bayer bought BlueRock for USD 600 million to become the leader in stem cell therapies. Bayer is paying USD 600 million for getting full control of cell therapy developer BlueRock Therapeutics, promising new medical area to revive its drug development pipeline and evolving engineered cell therapies in the fields of immunology, cardiology and neurology, using a registered induced pluripotent stem cell (iPSC) platform.
- In August 2018, LifeCell acquired Fetomed Laboratories, a provider of clinical diagnostics services. The acquisition is for enhancement in mother & baby diagnostic services that strongly complements stem cell banking business. This acquisition was funded by the internal accruals which is aimed to be the India’s’ largest mother & baby preventive healthcare organization.
Global stem cell banking market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of inflammatory disease drug delivery market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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