Stem Cell Banking Market Synopsis
Stem Cell Banking Market Size Was Valued at USD 6.0 Billion in 2023 and is Projected to Reach USD 21.5 Billion by 2032, Growing at a CAGR of 15.3% From 2024-2032.
Stem Cell Banking Market means the business of preserving stem cells, which are harvested from sources such as umbilical cord blood, bone marrow, or any other tissues for future usage. Stem cells are cells that carry the capacity to differentiate and diversify into different forms of specialized cells; it plays an important role in treatment of many terminal diseases and diseases affecting human blood system and immune system, cancers included. Stem cell banking is a service that enables people and families to store these cells into specialized preservation centers that will be usable should the need arise in future for therapeutic or regenerative medicine.
- The Stem Cell Banking Market is a growing market, which has a large number of opportunities for growth in the future due to growing awareness and acceptance of stem cell therapies, growing prevalence of genetic, chronic diseases etc, and technological development in the field of regenerative medicine. In the current days, the number of clinical uses and continued research on Stem Cell Therapies have widely increased, leading to bring into existence a huge demand for stem cell banking across the globe. The market is backed up by the creation of several public and private stem cell banks where a person can deposit stem cells for personal use or where stem cells will be stored and used where needed. Also, the rules for stem cell banking are still developing, but to date there are strict norms and legislation in place which guarantee the quality of stored stem cells. The market is also marked by the kind where healthcare providers, research and biotechnology organizations work together, given the goal of seeking to widen the application of stem cells as a therapy and advancing the preservation methods.
- Market growth for stem cell banking remained strong in the year 2023 since new parents saw the possibility of using their newborn’s umbilical cord blood stem cells to treat future diseases. Recent trends show that cord tissue and placental tissue, which are superior in providing mesenchymal stem cells (MSCs) compared to other forms; has opened up a vast Paradigm for regenerative medicine. However, the main drawback of stem cell banking is the cost involved in the special service, especially in the case of working with the private banks. However, it is expected to grow continuously due to ongoing technology research, increase in the cost effectiveness and possibility of new therapeutic applications being developed from current research.
Stem Cell Banking Market Trend Analysis
The Shift Towards Placental and Tissue Banking
- One of the key trends observed in the Stem Cell Banking Market is the moving towards the storage of not only the umbilical cord blood stem cells but the cord tissue as well as placental tissue. These tissues contain a lot of mesenchymal stem cells MSCs which holds lot of promises in regenerative medicine especially in the repair and regeneration of tissue like bone, cartilage, muscles e.t.c This is made possible by increasing appreciation of the potentials of MSCs and the fact that it is being used to conduct numerous trials and tests in various diseases such as diabetes, spinal cord injuries, and heart diseases. This is why the existing stem cell banks are gradually developing all-encompassing service offers which encompass the storage of cord blood, as well as cord tissue and placenta tissue Thus, more and more expectant parents seek stem cell storage in order to optimise the possible benefits for their children in the future.
Expanding Access Through Public-Private Partnerships
- One of the increasing trends in Stem Cell Banking Market is the prospect of creating a gross of private and public organizations directing to the enhancement of stem cell banking services availability. Around the world, especially in the developing nations, there is evidence to support the fact that due to the possibility associated with expensive private stem cell banking services, these and possibly life saving resources are inaccessible. But this gap could be closed , through Public private partnerships where the private companies would supply some of the much needed hardware and brain power and the rest of the public agencies would provide the coverage and access Democracy could also guarantee access to quality health care for citizens in rural areas as well. They could also help to open more public cord blood banks, which in turn will help many patients to receive stem cells regardless of their possessing or lack of money. Besides, such collaborations could provide a framework for information dissemination to socially promote stem cell banking services and likely create increased demand for stem cell storage services in both public and private sectors to boost the market.
Stem Cell Banking Market Segment Analysis:
Stem Cell Banking Market Segmented on the basis of Service Type, Utilization and Cell Type and Bank Type.
By Service Type, Collection & Transportation segment is expected to dominate the market during the forecast period
- The Collection & Transportation segment is expected to contribute the largest revenue shares towards the Stem Cell Banking Market during the forecast period because of the vital services it provides in the efficient transportation of stem cells from sources as diverse as umbilical cord blood, bone marrow, and peripheral blood. This segment deals with the method of collecting stem cells from their source up to the time they are safely transported to repositories.
- The growing need for stem cell therapies has raised the significance of this service as Stem cells need to be kept in their most active and healthy state throughout the period of transportation. This segment has been enhanced by further improvements in collection techniques and in transportation techniques and systems such as temperature controlled transportation options and real time monitoring systems. Over time the Collection & Transportation segment is likely going to continue being an invaluable component the market as more parents decide to store their newborn stem cells and as stem cell treatments make further advancements to ensure that the harvested stem cells are in the best conditions as they await application in future.
By Utilization, used segment expected to held the largest share
- The Used segment has been identified as having the largest market share in term of utilization and is expected to grow further as stored stem cells are utilized in different types of treatment therapies. With the growth of the number of approved stem cell therapies, a need for cryopreserved stem cells to meet clinical requirements emerged. This segment comprises of the application of stem cells in treating diseases including leukemia, lymphoma, anemia and other hereditary and immune system diseases. Potential in regeneration of damaged tissue and organs has expand the list of uses of stem cells in regenerative medicine and thus the need to store stem cells further fuels this market. Efficaciousness in stem cell transplants and growth in the number of clinical trial studies on new treatment possibilities are the reasons for the reports on Used segment domination. There are expectations that exploited stem cells will be used in more cases since the therapies are part of many patient’s treatment plans which will further strengthen this segment in the Stem Cell Banking Market.
Stem Cell Banking Market Regional Insights:
North America is Expected to Dominate the Market Over the Forecast period
- Thus the analysis of global Stem Cell Banking Market share by regions: in 2023, North America became the largest market, taking over 40% of the shares. The dominance can be accredit to several reasons such as the availability of intensive health care facilities, high acceptance and awareness level for stem cell therapy, and presence of large number of market players. The USA, in fact, has been the most active in stem cell research and storage due to abundant government support and relaxed legislation. Similarly, the growing utilization of stem cell therapies in different diseases and Disorders has fuelled the growth of the North American market.
- Furthermore, the regiontical availability of guaranteed stem cell banks services: private and public companies provide substantial support for this industry and plays the significant role in the augmentation of the stem cell market share in the world. Scientific innovations in identifying stem cells and a shifting focus towards personalized medicine would continue to help North America retain its market leadership position in the global stem cell banking market in the future.
Active Key Players in the Stem Cell Banking Market
- Americord (USA)
- Biovault Family (UK)
- China Cord Blood Corporation (China)
- Cord Blood Registry (CBR) (USA)
- Cordlife Group (Singapore)
- Cryo-Cell International (USA)
- Cryo-Save (Netherlands)
- Future Health Biobank (UK)
- Global Cord Blood Corporation (China)
- LifeCell International (India)
- Smart Cells International (UK)
- Stemade Biotech (India)
- StemCyte (USA)
- ViaCord (USA)
- Virgin Health Bank (Qatar)
- Other key Players
Global Stem Cell Banking Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.0 Bn. |
Forecast Period 2024-32 CAGR: |
15.3% |
Market Size in 2032: |
USD 21.5 Bn. |
Segments Covered: |
By Service Type |
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By Utilization |
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By Cell Type |
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By Bank Type |
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By Region |
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Key Market Drivers: |
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Key Market Restraints: |
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Key Opportunities: |
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Companies Covered in the report: |
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Chapter 1: Introduction
1.1 Scope and Coverage
Chapter 2:Executive Summary
Chapter 3: Market Landscape
3.1 Market Dynamics
3.1.1 Drivers
3.1.2 Restraints
3.1.3 Opportunities
3.1.4 Challenges
3.2 Market Trend Analysis
3.3 PESTLE Analysis
3.4 Porter's Five Forces Analysis
3.5 Industry Value Chain Analysis
3.6 Ecosystem
3.7 Regulatory Landscape
3.8 Price Trend Analysis
3.9 Patent Analysis
3.10 Technology Evolution
3.11 Investment Pockets
3.12 Import-Export Analysis
Chapter 4: Stem Cell Banking Market by Service Type
4.1 Stem Cell Banking Market Snapshot and Growth Engine
4.2 Stem Cell Banking Market Overview
4.3 Collection & Transportation
4.3.1 Introduction and Market Overview
4.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.3.3 Key Market Trends, Growth Factors and Opportunities
4.3.4 Collection & Transportation: Geographic Segmentation Analysis
4.4 Processing
4.4.1 Introduction and Market Overview
4.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.4.3 Key Market Trends, Growth Factors and Opportunities
4.4.4 Processing: Geographic Segmentation Analysis
4.5 Analysis
4.5.1 Introduction and Market Overview
4.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.5.3 Key Market Trends, Growth Factors and Opportunities
4.5.4 Analysis: Geographic Segmentation Analysis
4.6 Storage
4.6.1 Introduction and Market Overview
4.6.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
4.6.3 Key Market Trends, Growth Factors and Opportunities
4.6.4 Storage: Geographic Segmentation Analysis
Chapter 5: Stem Cell Banking Market by Utilization
5.1 Stem Cell Banking Market Snapshot and Growth Engine
5.2 Stem Cell Banking Market Overview
5.3 Used
5.3.1 Introduction and Market Overview
5.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.3.3 Key Market Trends, Growth Factors and Opportunities
5.3.4 Used: Geographic Segmentation Analysis
5.4 Unused
5.4.1 Introduction and Market Overview
5.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
5.4.3 Key Market Trends, Growth Factors and Opportunities
5.4.4 Unused: Geographic Segmentation Analysis
Chapter 6: Stem Cell Banking Market by Cell Type
6.1 Stem Cell Banking Market Snapshot and Growth Engine
6.2 Stem Cell Banking Market Overview
6.3 Umbilical Cord Stem Cell
6.3.1 Introduction and Market Overview
6.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.3.3 Key Market Trends, Growth Factors and Opportunities
6.3.4 Umbilical Cord Stem Cell: Geographic Segmentation Analysis
6.4 Adult Stem Cell
6.4.1 Introduction and Market Overview
6.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.4.3 Key Market Trends, Growth Factors and Opportunities
6.4.4 Adult Stem Cell: Geographic Segmentation Analysis
6.5 Embryonic Stem Cell
6.5.1 Introduction and Market Overview
6.5.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
6.5.3 Key Market Trends, Growth Factors and Opportunities
6.5.4 Embryonic Stem Cell: Geographic Segmentation Analysis
Chapter 7: Stem Cell Banking Market by Bank Type
7.1 Stem Cell Banking Market Snapshot and Growth Engine
7.2 Stem Cell Banking Market Overview
7.3 Public
7.3.1 Introduction and Market Overview
7.3.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.3.3 Key Market Trends, Growth Factors and Opportunities
7.3.4 Public: Geographic Segmentation Analysis
7.4 Private
7.4.1 Introduction and Market Overview
7.4.2 Historic and Forecasted Market Size in Value USD and Volume Units (2017-2032F)
7.4.3 Key Market Trends, Growth Factors and Opportunities
7.4.4 Private: Geographic Segmentation Analysis
Chapter 8: Company Profiles and Competitive Analysis
8.1 Competitive Landscape
8.1.1 Competitive Benchmarking
8.1.2 Stem Cell Banking Market Share by Manufacturer (2023)
8.1.3 Industry BCG Matrix
8.1.4 Heat Map Analysis
8.1.5 Mergers and Acquisitions
8.2 AMERICORD (USA)
8.2.1 Company Overview
8.2.2 Key Executives
8.2.3 Company Snapshot
8.2.4 Role of the Company in the Market
8.2.5 Sustainability and Social Responsibility
8.2.6 Operating Business Segments
8.2.7 Product Portfolio
8.2.8 Business Performance
8.2.9 Key Strategic Moves and Recent Developments
8.2.10 SWOT Analysis
8.3 BIOVAULT FAMILY (UK)
8.4 CHINA CORD BLOOD CORPORATION (CHINA)
8.5 CORD BLOOD REGISTRY (CBR) (USA)
8.6 CORDLIFE GROUP (SINGAPORE)
8.7 CRYO-CELL INTERNATIONAL (USA)
8.8 CRYO-SAVE (NETHERLANDS)
8.9 FUTURE HEALTH BIOBANK (UK)
8.10 GLOBAL CORD BLOOD CORPORATION (CHINA)
8.11 LIFECELL INTERNATIONAL (INDIA)
8.12 SMART CELLS INTERNATIONAL (UK)
8.13 STEMADE BIOTECH (INDIA)
8.14 STEMCYTE (USA)
8.15 VIACORD (USA)
8.16 VIRGIN HEALTH BANK (QATAR)
8.17 OTHER KEY PLAYERS
Chapter 9: Global Stem Cell Banking Market By Region
9.1 Overview
9.2. North America Stem Cell Banking Market
9.2.1 Key Market Trends, Growth Factors and Opportunities
9.2.2 Top Key Companies
9.2.3 Historic and Forecasted Market Size by Segments
9.2.4 Historic and Forecasted Market Size By Service Type
9.2.4.1 Collection & Transportation
9.2.4.2 Processing
9.2.4.3 Analysis
9.2.4.4 Storage
9.2.5 Historic and Forecasted Market Size By Utilization
9.2.5.1 Used
9.2.5.2 Unused
9.2.6 Historic and Forecasted Market Size By Cell Type
9.2.6.1 Umbilical Cord Stem Cell
9.2.6.2 Adult Stem Cell
9.2.6.3 Embryonic Stem Cell
9.2.7 Historic and Forecasted Market Size By Bank Type
9.2.7.1 Public
9.2.7.2 Private
9.2.8 Historic and Forecast Market Size by Country
9.2.8.1 US
9.2.8.2 Canada
9.2.8.3 Mexico
9.3. Eastern Europe Stem Cell Banking Market
9.3.1 Key Market Trends, Growth Factors and Opportunities
9.3.2 Top Key Companies
9.3.3 Historic and Forecasted Market Size by Segments
9.3.4 Historic and Forecasted Market Size By Service Type
9.3.4.1 Collection & Transportation
9.3.4.2 Processing
9.3.4.3 Analysis
9.3.4.4 Storage
9.3.5 Historic and Forecasted Market Size By Utilization
9.3.5.1 Used
9.3.5.2 Unused
9.3.6 Historic and Forecasted Market Size By Cell Type
9.3.6.1 Umbilical Cord Stem Cell
9.3.6.2 Adult Stem Cell
9.3.6.3 Embryonic Stem Cell
9.3.7 Historic and Forecasted Market Size By Bank Type
9.3.7.1 Public
9.3.7.2 Private
9.3.8 Historic and Forecast Market Size by Country
9.3.8.1 Bulgaria
9.3.8.2 The Czech Republic
9.3.8.3 Hungary
9.3.8.4 Poland
9.3.8.5 Romania
9.3.8.6 Rest of Eastern Europe
9.4. Western Europe Stem Cell Banking Market
9.4.1 Key Market Trends, Growth Factors and Opportunities
9.4.2 Top Key Companies
9.4.3 Historic and Forecasted Market Size by Segments
9.4.4 Historic and Forecasted Market Size By Service Type
9.4.4.1 Collection & Transportation
9.4.4.2 Processing
9.4.4.3 Analysis
9.4.4.4 Storage
9.4.5 Historic and Forecasted Market Size By Utilization
9.4.5.1 Used
9.4.5.2 Unused
9.4.6 Historic and Forecasted Market Size By Cell Type
9.4.6.1 Umbilical Cord Stem Cell
9.4.6.2 Adult Stem Cell
9.4.6.3 Embryonic Stem Cell
9.4.7 Historic and Forecasted Market Size By Bank Type
9.4.7.1 Public
9.4.7.2 Private
9.4.8 Historic and Forecast Market Size by Country
9.4.8.1 Germany
9.4.8.2 UK
9.4.8.3 France
9.4.8.4 Netherlands
9.4.8.5 Italy
9.4.8.6 Russia
9.4.8.7 Spain
9.4.8.8 Rest of Western Europe
9.5. Asia Pacific Stem Cell Banking Market
9.5.1 Key Market Trends, Growth Factors and Opportunities
9.5.2 Top Key Companies
9.5.3 Historic and Forecasted Market Size by Segments
9.5.4 Historic and Forecasted Market Size By Service Type
9.5.4.1 Collection & Transportation
9.5.4.2 Processing
9.5.4.3 Analysis
9.5.4.4 Storage
9.5.5 Historic and Forecasted Market Size By Utilization
9.5.5.1 Used
9.5.5.2 Unused
9.5.6 Historic and Forecasted Market Size By Cell Type
9.5.6.1 Umbilical Cord Stem Cell
9.5.6.2 Adult Stem Cell
9.5.6.3 Embryonic Stem Cell
9.5.7 Historic and Forecasted Market Size By Bank Type
9.5.7.1 Public
9.5.7.2 Private
9.5.8 Historic and Forecast Market Size by Country
9.5.8.1 China
9.5.8.2 India
9.5.8.3 Japan
9.5.8.4 South Korea
9.5.8.5 Malaysia
9.5.8.6 Thailand
9.5.8.7 Vietnam
9.5.8.8 The Philippines
9.5.8.9 Australia
9.5.8.10 New Zealand
9.5.8.11 Rest of APAC
9.6. Middle East & Africa Stem Cell Banking Market
9.6.1 Key Market Trends, Growth Factors and Opportunities
9.6.2 Top Key Companies
9.6.3 Historic and Forecasted Market Size by Segments
9.6.4 Historic and Forecasted Market Size By Service Type
9.6.4.1 Collection & Transportation
9.6.4.2 Processing
9.6.4.3 Analysis
9.6.4.4 Storage
9.6.5 Historic and Forecasted Market Size By Utilization
9.6.5.1 Used
9.6.5.2 Unused
9.6.6 Historic and Forecasted Market Size By Cell Type
9.6.6.1 Umbilical Cord Stem Cell
9.6.6.2 Adult Stem Cell
9.6.6.3 Embryonic Stem Cell
9.6.7 Historic and Forecasted Market Size By Bank Type
9.6.7.1 Public
9.6.7.2 Private
9.6.8 Historic and Forecast Market Size by Country
9.6.8.1 Turkey
9.6.8.2 Bahrain
9.6.8.3 Kuwait
9.6.8.4 Saudi Arabia
9.6.8.5 Qatar
9.6.8.6 UAE
9.6.8.7 Israel
9.6.8.8 South Africa
9.7. South America Stem Cell Banking Market
9.7.1 Key Market Trends, Growth Factors and Opportunities
9.7.2 Top Key Companies
9.7.3 Historic and Forecasted Market Size by Segments
9.7.4 Historic and Forecasted Market Size By Service Type
9.7.4.1 Collection & Transportation
9.7.4.2 Processing
9.7.4.3 Analysis
9.7.4.4 Storage
9.7.5 Historic and Forecasted Market Size By Utilization
9.7.5.1 Used
9.7.5.2 Unused
9.7.6 Historic and Forecasted Market Size By Cell Type
9.7.6.1 Umbilical Cord Stem Cell
9.7.6.2 Adult Stem Cell
9.7.6.3 Embryonic Stem Cell
9.7.7 Historic and Forecasted Market Size By Bank Type
9.7.7.1 Public
9.7.7.2 Private
9.7.8 Historic and Forecast Market Size by Country
9.7.8.1 Brazil
9.7.8.2 Argentina
9.7.8.3 Rest of SA
Chapter 10 Analyst Viewpoint and Conclusion
10.1 Recommendations and Concluding Analysis
10.2 Potential Market Strategies
Chapter 11 Research Methodology
11.1 Research Process
11.2 Primary Research
11.3 Secondary Research
Global Stem Cell Banking Market |
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Base Year: |
2023 |
Forecast Period: |
2024-2032 |
Historical Data: |
2017 to 2023 |
Market Size in 2023: |
USD 6.0 Bn. |
Forecast Period 2024-32 CAGR: |
15.3% |
Market Size in 2032: |
USD 21.5 Bn. |
Segments Covered: |
By Service Type |
|
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By Utilization |
|
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By Cell Type |
|
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By Bank Type |
|
||
By Region |
|
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Key Market Drivers: |
|
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Key Market Restraints: |
|
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Key Opportunities: |
|
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Companies Covered in the report: |
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Frequently Asked Questions :
The forecast period in the Stem Cell Banking Market research report is 2024-2032.
Americord (USA), Biovault Family (UK), China Cord Blood Corporation (China), Cord Blood Registry (CBR) (USA) and Other Major Players.
The Stem Cell Banking Market is segmented into Service Type, Utilization, Cell Type and region. By Service Type, the market is categorized into Collection & Transportation, Processing, Analysis, Storage. By Utilization, the market is categorized into Used, Unused. By Cell Type, the market is categorized into Umbilical Cord Stem Cell, Adult Stem Cell, Embryonic Stem Cell. By Bank Type, the market is categorized into Public, Private. By region, it is analyzed across North America (U.S.; Canada; Mexico), Eastern Europe (Bulgaria; The Czech Republic; Hungary; Poland; Romania; Rest of Eastern Europe), Western Europe (Germany; UK; France; Netherlands; Italy; Russia; Spain; Rest of Western Europe), Asia-Pacific (China; India; Japan; Southeast Asia, etc.), South America (Brazil; Argentina, etc.), Middle East & Africa (Saudi Arabia; South Africa, etc.).
Stem Cell Banking Market means the business of preserving stem cells, which are harvested from sources such as, umbilical cord blood, bone marrow, or any other tissues for future usage. Stem cells are cells that carry the capacity to differentiate and diversify into different forms of specialized cells; it plays an important role in treatment of many terminal diseases and diseases affecting human blood system and immune system, cancers included. Stem cell banking is a service that enables people and families to store these cells into specialized preservation centers that will be usable should the need arise in future for therapeutic or regenerative medicine.
Stem Cell Banking Market Size Was Valued at USD 6.0 Billion in 2023 and is Projected to Reach USD 21.5 Billion by 2032, Growing at a CAGR of 15.3% From 2024-2032.