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The global stem cell banking market size reached US$ 8.1 Billion in 2018. On account of the aforementioned factors, the market is expected to reach a value of US$ 17.3 Billion by 2024, expanding at a CAGR of 13.5% during 2019-2024.
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3. Report DescriptionReport Description and Highlights
Global Stem Cell Banking Market Overview:
The latest report by IMARC Group, titled “Stem Cell Banking Market: Global Industry Trends, Share,
Size, Growth, Opportunity and Forecast 2019-2024”, estimated that the global stem cell banking
market size reached US$ 8.1 Billion in 2018. 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 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.
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 educated people about the
benefits associated with this procedure and encouraging them to donate stem cells for the future use.
4. Report DescriptionReport Description and Highlights
120.2
125.5 130.8 136.1 141.4 146.7 152.0 157.3
0
20
40
60
80
100
120
140
160
2011 2012 2013 2014 2015 2016 2017 2018
inBillionUS$
160.0 165.3 170.6 175.9 181.2 186.5
0
20
40
60
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120
140
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180
2019 2020 2021 2022 2023 2024
InBillionUS$
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$ 17.3 Billion by 2024, expanding at a CAGR of 13.5% during 2019-2024.
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market/requestsample
5. Report DescriptionReport Description and Highlights
For instance, in 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.
Key Market Segmentation:
Market Segmentation by Product Type
• Adult Stem Cells
• Human Embryonic Cells
• IPS Cells
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.
Market Segmentation by Service Type
• Sample Preservation and Storage
6. Report Description
Report Description and Highlights
• Sample Analysis
• Sample Processing
• Sample Collection and Transportation
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.
Market Segmentation by Bank Type
• Based on the Private
• Public
Based on the bank type, the market has been bifurcated into private and public stem cells banks,
wherein private stem cell banks account for the majority of the total market share.
Market Segmentation by Utilization
• Used
• Unused
7. Report DescriptionReport Description and Highlights
On the basis of the utilization, the market has been classified into used and unused.
Market Segmentation by Application
• Personalized Banking Applications
• Research Applications
• Clinical Applications
Based on the application, the market has been segregated into personalized banking, research and
clinical application. At present, personalized banking applications represent the largest market
segment.
Market Segmentation by Region
• Asia Pacific
• Europe
• North America
• Middle East and Africa
• Latin America
8. Report DescriptionReport Description and Highlights
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.
Competitive Landscape:
The competitive landscape of the market has also been examined with some of the key players.
• 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
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Partial List of Clients
10. A partial List of our Clients
We are the trusted business partners to the
world's leading corporates, governments, and
institutions
Partial List of Clients