The global stem cell banking market exhibited strong growth during 2015-2020. Stem cell banking is one of the most promising as well as the fastest growing segment of the next-generation stem cell therapy. It is the process of extracting, freezing and storing stem cells for potential future use. Some of the sources through which stem cells are obtained include embryo, umbilical cord, cord blood, placenta and bone marrow. These cells are used for treating a number of different diseases including diabetes, thalassemia, leukemia, sickle cell anemia and cardiac diseases. Moreover, they are also employed for generating platelets, red blood cells and white blood cells. The potential of stem cells to regenerate has led to their applications in tissue engineering, gene therapy and regenerative medicines. Looking forward, IMARC Group expects the global stem cell banking market to reach a value of US$ 21.5 Billion by 2026.
Global Stem Cell Banking Market Drivers:
- While the average human life expectancy has increased owing to the advancements in medical science, human aging is still associated with several diseases. Thus, the elevating count of geriatric population will drive the demand for stem cell therapy in the coming years.
- Regulatory authorities as well as non-governmental organizations (NGO), across both developed and emerging regions, are taking initiatives for instilling awareness amongst consumers about the therapeutic potentials of stem cells, thereby influencing the stem cell banking market growth.
- Increasing fertility rates has led to a rise in the number of children across the globe. This offers lucrative opportunities for preserving the umbilical cord of infants which contains hematopoietic (blood) stem cells.
- Some of the other factors which are catalyzing the growth of the market include escalating disposable incomes, increasing approval of clinical trials in stem cell research, growing prevalence of chronic diseases and technological advancements.
Product Type Insights:
On the basis of product types, the market has been segmented as adult stem cells, human embryonic cells and IPS cells. Presently, adult stem cells account for the majority of the market share as they help in repairing damaged tissues via cell division. In addition to this, adult stem cells offer advantages like ease of harvesting, high acceptance in the human body and effectiveness in tissue generation.
Service Type Insights:
Based on service types, the market has been segmented as sample preservation and storage; sample analysis; sample processing; and sample collection and transportation.
Bank Type Insights:
Based on the bank type, the market has been segregated as private and public stem cell banks. Private stem cell banks currently dominate the market, holding the largest share.
Utilization Insights:
Based on the utilization, the market has been segregated as used and unused.
Application Insights:
On the basis of application, the market has been segmented as personalized banking applications, research applications and clinical applications.
Regional Insights:
On a geographical front, North America enjoys the leading position in the global stem cell banking market on account of advancements in medical infrastructure and availability of federal funding for stem cell research. Other regions include Europe, Asia Pacific, Middle East and Africa, and Latin America.
Competitive Landscape:
The market is fragmented in nature with the presence various international as well as regional players. Some of the leading players operating in the market are:
- 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
- Viacord
Key Questions Answered in This Report:
The global stem cell banking market size was valued at US$ 10.4 Billion in 2020.
The increasing consumer awareness towards numerous therapeutic benefits of stem cells represents one of the key drivers for the global stem cell banking market.
Several technological innovations in stem cell research activities represent one of the key trends in the global stem cell banking market.
Sudden outbreak of the COVID-19 pandemic had catalyzed the global market for stem cell banking as several healthcare providers are utilizing stem cells for managing severe symptoms.
On the basis of the product type, the market has been bifurcated into adult stem cells, human embryonic cells, and induced pluripotent stem (IPS) cells. Currently, adult stem cells account for the majority of the market share.
On the basis of the service type, the market has been segmented into sample preservation and storage, sample analysis, sample processing, and sample collection and transportation. Among these, sample preservation and storage represents the largest segment.
On the basis of the bank type, the market has been divided into private stem cell banks and public stem cell banks. Among these, private stem cell banks hold the majority of the total market share.
On the basis of the application, the market has been bifurcated into personalized banking applications, research applications and clinical applications. At present, personalized banking applications exhibit a clear dominance in the market.
Region-wise, the market has been classified into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America, where North America dominates the global market.
The key companies in the global stem cell banking market are 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.
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Properties
4.3 Key Industry Trends
5 Global Stem Cell Banking Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Service Type
5.6 Market Breakup by Bank Type
5.7 Market Breakup by Utilization
5.8 Market Breakup by Application
5.9 Market Breakup by Region
5.10 Market Forecast
6 Market Breakup by Product Type
6.1 Adult Stem Cells
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Human Embryonic Cells
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 IPS Cells
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by Service Type
7.1 Sample Preservation and Storage
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Sample Analysis
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Sample Processing
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Sample Collection and Transportation
7.4.1 Market Trends
7.4.2 Market Forecast
8 Market Breakup by Bank Type
8.1 Private
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Public
8.2.1 Market Trends
8.2.2 Market Forecast
9 Market Breakup by Utilization
9.1 Used
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Unused
9.2.1 Market Trends
9.2.2 Market Forecast
10 Market Breakup by Application
10.1 Personalized Banking Applications
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Research Applications
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Clinical Applications
10.3.1 Market Trends
10.3.2 Market Forecast
11 Market Breakup by Region
11.1 North America
11.1.1 Market Trends
11.1.2 Market Forecast
11.2 Europe
11.2.1 Market Trends
11.2.2 Market Forecast
11.3 Asia Pacific
11.3.1 Market Trends
11.3.2 Market Forecast
11.4 Middle East and Africa
11.4.1 Market Trends
11.4.2 Market Forecast
11.5 Latin America
11.5.1 Market Trends
11.5.2 Market Forecast
12 Global Stem Cell Banking Industry: SWOT Analysis
12.1 Overview
12.2 Strengths
12.3 Weaknesses
12.4 Opportunities
12.5 Threats
13 Global Stem Cell Banking Industry: Value Chain Analysis
14 Global Stem Cell Banking Industry: Porters Five Forces Analysis
14.1 Overview
14.2 Bargaining Power of Buyers
14.3 Bargaining Power of Suppliers
14.4 Degree of Competition
14.5 Threat of New Entrants
14.6 Threat of Substitutes
15 Global Stem Cell Banking Industry: Price Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Key Players
16.3 Profiles of Key Players
16.3.1 CBR Systems Inc.
16.3.2 China Cord Blood Corporation
16.3.3 Cordlife
16.3.4 Cordvida
16.3.5 Cryo-Cell International, Inc.
16.3.6 Cryo-Save AG (A Group of Esperite)
16.3.7 Cryoviva India
16.3.8 Lifecell
16.3.9 Smart Cells International Ltd
16.3.10 Viacord
List of Figures
Figure 1: Global: Stem Cell Banking Market: Major Drivers and Challenges
Figure 2: Global: Stem Cell Banking Market: Sales Value (in Billion US$), 2015-2020
Figure 3: Global: Stem Cell Banking Market: Breakup by Product Type (in %), 2020
Figure 4: Global: Stem Cell Banking Market: Breakup by Service Type (in %), 2020
Figure 5: Global: Stem Cell Banking Market: Breakup by Bank Type (in %), 2020
Figure 6: Global: Stem Cell Banking Market: Breakup by Utilization (in %), 2020
Figure 7: Global: Stem Cell Banking Market: Breakup by Application (in %), 2020
Figure 8: Global: Stem Cell Banking Market: Breakup by Region (in %), 2020
Figure 9: Global: Stem Cell Banking Market Forecast: Sales Value (in Billion US$), 2021-2026
Figure 10: Global: Stem Cell Banking Industry: SWOT Analysis
Figure 11: Global: Stem Cell Banking Industry: Value Chain Analysis
Figure 12: Global: Stem Cell Banking Industry: Porter’s Five Forces Analysis
Figure 13: Global: Stem Cell Banking (Adult Stem Cells) Market: Sales Value (in Million US$), 2015 & 2020
Figure 14: Global: Stem Cell Banking (Adult Stem Cells) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 15: Global: Stem Cell Banking (Human Embryonic Cells) Market: Sales Value (in Million US$), 2015 & 2020
Figure 16: Global: Stem Cell Banking (Human Embryonic Cells) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 17: Global: Stem Cell Banking (IPS Cells) Market: Sales Value (in Million US$), 2015 & 2020
Figure 18: Global: Stem Cell Banking (IPS Cells) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 19: Global: Stem Cell Banking (Sample Preservation and Storage) Market: Sales Value (in Million US$), 2015 & 2020
Figure 20: Global: Stem Cell Banking (Sample Preservation and Storage) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 21: Global: Stem Cell Banking (Sample Analysis) Market: Sales Value (in Million US$), 2015 & 2020
Figure 22: Global: Stem Cell Banking (Sample Analysis) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 23: Global: Stem Cell Banking (Sample Processing) Market: Sales Value (in Million US$), 2015 & 2020
Figure 24: Global: Stem Cell Banking (Sample Processing) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 25: Global: Stem Cell Banking (Sample Collection and Transportation) Market: Sales Value (in Million US$), 2015 & 2020
Figure 26: Global: Stem Cell Banking (Sample Collection and Transportation) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 27: Global: Stem Cell Banking (Private) Market: Sales Value (in Million US$), 2015 & 2020
Figure 28: Global: Stem Cell Banking (Private) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 29: Global: Stem Cell Banking (Public) Market: Sales Value (in Million US$), 2015 & 2020
Figure 30: Global: Stem Cell Banking (Public) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 31: Global: Stem Cell Banking (Used) Market: Sales Value (in Million US$), 2015 & 2020
Figure 32: Global: Stem Cell Banking (Used) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 33: Global: Stem Cell Banking (Unused) Market: Sales Value (in Million US$), 2015 & 2020
Figure 34: Global: Stem Cell Banking (Unused) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 35: Global: Stem Cell Banking (Personalized Banking Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 36: Global: Stem Cell Banking (Personalized Banking Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 37: Global: Stem Cell Banking (Research Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 38: Global: Stem Cell Banking (Research Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 39: Global: Stem Cell Banking (Clinical Applications) Market: Sales Value (in Million US$), 2015 & 2020
Figure 40: Global: Stem Cell Banking (Clinical Applications) Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 41: North America: Stem Cell Banking Market: Sales Value (in Million US$), 2015 & 2020
Figure 42: North America: Stem Cell Banking Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 43: Europe: Stem Cell Banking Market: Sales Value (in Million US$), 2015 & 2020
Figure 44: Europe: Stem Cell Banking Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 45: Asia Pacific: Stem Cell Banking Market: Sales Value (in Million US$), 2015 & 2020
Figure 46: Asia Pacific: Stem Cell Banking Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 47: Middle East and Africa: Stem Cell Banking Market: Sales Value (in Million US$), 2015 & 2020
Figure 48: Middle East and Africa: Stem Cell Banking Market Forecast: Sales Value (in Million US$), 2021-2026
Figure 49: Latin America: Stem Cell Banking Market: Sales Value (in Million US$), 2015 & 2020
Figure 50: Latin America: Stem Cell Banking Market Forecast: Sales Value (in Million US$), 2021-2026
List of Tables
Table 1: Global: Stem Cell Banking Market: Key Industry Highlights, 2020 and 2026
Table 2: Global: Stem Cell Banking Market Forecast: Breakup by Product Type (in Million US$), 2021-2026
Table 3: Global: Stem Cell Banking Market Forecast: Breakup by Service Type (in Million US$), 2021-2026
Table 4: Global: Stem Cell Banking Market Forecast: Breakup by Bank Type (in Million US$), 2021-2026
Table 5: Global: Stem Cell Banking Market Forecast: Breakup by Utilization (in Million US$), 2021-2026
Table 6: Global: Stem Cell Banking Market Forecast: Breakup by Application (in Million US$), 2021-2026
Table 7: Global: Stem Cell Banking Market Forecast: Breakup by Region (in Million US$), 2021-2026
Table 8: Global: Stem Cell Banking Market Structure
Table 9: Global: Stem Cell Banking Market: Key Players