Global Stem Cell/Cord Blood Banking Market Size, Forecasts, And Opportunities
Learn about the global stem cell/cord blood banking market through The Business Research Company, which provides information on stem cell/cord blood banking market size, stem cell/cord blood banking market drivers and restraints, stem cell/cord blood banking market players, the COVID-19 impact on the stem cell/cord blood banking market, and more.
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The global stem cell/cord blood banking market is expected to grow from $8.16 billion in 2020 to $8.61 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The stem cell/cord blood banking global market is expected to reach $12.51 billion in 2025 at a CAGR of 9.8%.
Increasing number of cancer patients is expected to drive innovation in stem cell/cord blood banking, thus driving the market during the forecast period.
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The stem cell/cord blood banking global market consists of sales of stem cell/cord blood banking services and related goods. Cord stem cells are referred to as regenerative medicines which help in regeneration of tissues or cells in the body. Stem cells therapy is designed to aid the physician in performing medical treatment of different types of cancers, neurodegenerative diseases, graft-versus-host disease and heart diseases.
Global stem cell/cord blood banking market segments include:
By Cell Type: Adult Stem Cells, Umbilical Cord Blood Stem Cells, Embryonic Stem Cells
By Service: Collection, Processing, Analysis, Storage
By Bank Type: Public, Private
By Application: Leukaemia, Anaemia, Thalassemia, Autism, Cerebral Palsy, Diabetes, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Pairing of cord blood and tissue storage with genetic testing services is an emerging trend in the stem cell/cord blood banking market. Such pairing is possible and efficient because of its complimentary services to the existing clients, thereby helping in expanding their product portfolio.
TBRC’s stem cell/cord blood banking market report covers:
Major Market Players: AMAG Pharmaceuticals, Cordlife, Cryo-Cell International, Esperite, and Americord Registry LLC.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
The Stem Cell/Cord Blood Banking Global Market Report 2021: COVID-19 Growth and Change to 2030 is one of a series of new reports from The Business Research Company that provides stem cell/cord blood banking market overviews, analyzes and forecasts market size, share, stem cell/cord blood banking market players, stem cell/cord blood banking market segments and geographies, leading competitor revenues, profiles and market shares.
TBRC’s stem cell/cord blood banking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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