Global Stem Cell Banking Market to Reach US$ 10.9 Billion by 2027, Spurred by Rising Prevalence of Chronic Diseases

July 22, 2019

The latest report by IMARC Group, titled “Stem Cell Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027”, estimates that the global stem cell banking market size reached US$ 6.8 Billion in 2021. Stem cell banking refers to the collection and preservation of stems cells to utilize them for future use. Placenta, umbilical cord, amniotic fluid, bone marrow and adipose tissue are a few of the common sources of stem cells. These cells can be frozen for decades and used to produce platelets, red blood cells (RBCs) and white blood cells (WBCs). A stem cell transplant takes place by injecting healthy stem cells to the damaged, diseased or malfunctioning cells or tissues present in the body. They are extensively used to treat various life-threatening diseases and genetic disorders including thalassemia, sickle cell anemia, leukemia, sarcoma, diabetes and lymphoma.

We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Global Stem Cell Banking Market Trends:

Owing to hectic lifestyles, changing dietary preferences and negligible physical activities, there has been a significant increase in the prevalence of chronic and lifestyle diseases across the globe. This, coupled with the growing geriatric population, is significantly contributing to the demand for stem cell banking. Apart from this, several organizations are taking initiatives to educate people about the benefits associated with this procedure and encouraging them to donate stem cells for future use. For instance, in the UK, the International Stem Cell Banking Initiative (ISCBI) is actively engaged in establishing an ethical framework for international stem cell banking and research while assisting the development of new banks across numerous countries. Inflating income levels and rising fertility rates are some of the other factors that are providing a thrust to the market growth. On account of the aforementioned factors, the market is expected to reach a value of US$ 10.9 Billion by 2027, expanding at a CAGR of 8.42% during 2022-2027.

Market Summary:

  • Based on the product type, the market has been divided into adult stem cells, human embryonic cells and induced pluripotent stem (IPS) cells. Amongst these, adult stem cells represent the leading segment.
  • On the basis of the service type, the market has been categorized into sample preservation and storage; sample analysis; sample processing; and sample collection and transportation, wherein sample preservation and storage exhibits a clear dominance in the market.
  • Based on the bank type, the market has been bifurcated into private and public stem cell banks, wherein private stem cell banks account for the majority of the total market share.
  • On the basis of the utilization, the market has been classified into used and unused.
  • Based on the application, the market has been segregated into personalized banking, research and clinical applications. At present, clinical applications represent the largest market segment.
  • On the geographical front, North America exhibits a clear dominance in the market. Other regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
  • The competitive landscape of the market has also been analyzed with the detailed profiles of the key players. Some of the leading players operating in the market include CBR Systems Inc., China Cord Blood Corporation, Cordlife, Cordvida, Cryo-Cell International, Inc., Cryo-Save AG (A Group of Esperite), Cryoviva India, Lifecell, Smart Cells International Ltd. and Viacord.


About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us

IMARC Group
USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter : @imarcglobal

Global Stem Cell Banking Market to Reach US$ 10.9 Billion by 2027, Spurred by Rising Prevalence of Chronic Diseases
Select Licence Type



Benefits of Customization

Personalize This Research

Triangulate with your Data

Get Data as per your Format and Definition

Gain a Deeper Dive into a Specific Application, Geography, Customer or Competitor

Any level of Personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Bayer AH

It was indeed a great experience to work with IMARC on the assignment on Aqua market. The team had done a fantastic job in terms of what was expected, what was assured and what was the result… the report gave us many insights and market know how which allowed us to work on our strength and define exact strategies…

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More