DUBLIN--(BUSINESS WIRE)--The "Stem Cell Banking Market by Source (PSC, BMSC, ADSC, hESC, DPSC, NSC), Service Type (Sample Processing, Analysis, Collection, Storage), Application - Global Forecasts to 2023 " report has been added to ResearchAndMarkets.com's offering.
The global stem cell banking market is projected to reach USD 9.30 billion by 2023 from 6.28 billion in 2018, at a CAGR of 8.2%
Stem cell banking market growth is mainly driven by the factors such as public awareness related to the therapeutic potential of stem cells; development of novel technologies for stem cell preservation, processing, and storage; rising number of hematopoietic stem cell transplantations (HSCTs); and increasing number of stem cell-based research.
However, the high operational costs associated with stem cell banking and stringent regulatory frameworks are expected to limit the growth of the stem cell banking market during the forecast period.
The global stem cell banking market is an expanding industry segment with a growing number of global and local service providers. As of 2017, the global stem cell banking market was dominated by Cord Blood Registry (CBR) Systems (US), Cordlife Group Limited (Singapore), and Cryo-Cell International (US). Service launches & upgrades; agreements, partnerships, & collaborations; and mergers & acquisitions were the major strategies adopted by majority of the market players to sustain their market position in the global stem cell banking market.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Stem Cell Banking Market, By Source
7 Stem Cell Banking Market, By Service Type
8 Stem Cell Banking Market, By Application
9 Stem Cell Banking Market, By Region
10 Competitive Landscape
11 Company Profiles
- Cord Blood Registry Systems
- Cryo-Cell International
- Cryo-Save AG (A Subsidiary of Esperite N.V)
- Global Cord Blood
- LifeCell International
- Smart Cells International
- ViaCord (A Subsidiary of Perkinelmer)
For more information about this report visit https://www.researchandmarkets.com/research/3p4rcs/stem_cell_banking?w=4