Stem cells are a class of undifferentiated biological cells of a multicellular organism that have potential to produce indefinite cells of the same type, from which certain type of cells (replication) can be produced by differentiation in the body through early life and growth. There are three types of stem cells: umbilical cord stem cells, adult stem cells, and embryonic stem cells. The umbilical cord stem cells or multipotent stem cells are able to produce a small number of different cell types. Adult stem cells originate from adult tissue and redevelop into all the cell types of the organ from the origin. Embryonic stem cells or pluripotent stem cells are produced from the inner cell mass of a blastocyst (embryo). Stem cell banking procedure includes the collection and preservation of several types of stem cells. Once the collection is completed, these stem cells undergo processing and analysis procedures; viability and different genetic tests are performed on these stem cells and are cryopreserved & stored for future use. Stem cells are preserved under cryogenic conditions (freezing at a temperature below–150°C) for longer duration/years in order to retrieve and use them when required for therapeutic purposes such as to treat diseases which harm the blood & immune system and some metabolic disorders.
A surge in the number of newborns and rising prevalence of life-threatening genetic disorders & chronic diseases across the world are expected to support the market growth over the forecast period. Moreover, growing awareness among people about stem cell therapeutics coupled with increasing disposable income and healthcare spending are expected to assist in the market growth. On the contrary, high processing and storage costs are anticipated to hinder the market growth during the forecast period.
The umbilical cord stem cells segment is expected to spearhead the market from 2025 to 2033 owing to the higher adoption of umbilical cord stem cells to treat around 80 diseases. The private banks segment is anticipated to hold comparatively higher market share attributed to high revenue generation from greater service offering. The presence of major market players in the U.S. coupled with growing awareness among citizens about stem cell banking is poised to support the dominance of North America during the forecast period.
Key players identified in the global stem cell banking market include:
Historical & Forecast Period
This study report represents analysis of each segment from 2023 to 2033 considering 2024 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2025 to 2033.
The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.
Research Methodology
The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Stem Cell Banking market are as follows:
Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.
ATTRIBUTE | DETAILS |
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Research Period | 2023-2033 |
Base Year | 2024 |
Forecast Period | 2025-2033 |
Historical Year | 2023 |
Unit | USD Million |
Segmentation | |
Cell Type
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Bank Type
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Application
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Region Segment (2023-2033; US$ Million)
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Key questions answered in this report