Cord Stem Cell Banking Market Size to Reach USD 45.64 Billion Globally with Growing CAGR of 22% by 2030
The Latest released Global Cord Stem Cell Banking Market Research Report provides a detailed assessment of Key and emerging players showcasing company profiles, product/service offerings, market price, and sales revenue to better derive market size estimation. The most appropriate, exclusive, realistic, and admirable Global Cord Stem Cell Banking Market research report is delivered with loyalty to all business needs.
The growing number of cancer patients is a primary factor for the cord stem cell banking market. Cancer diseases such as multiple myeloma and leukemia can be well-treated by stem cell transplants. According to the Globocan 2020 statistics, there were about 467,965 new cancer cases in France, with a 185,621 mortality rate. Further, it has been witnessed that pairing cord blood and tissue storage with genetic testing services is a developing trend in the cord stem cell banking market.
Data Bridge Market Research analyses that the cord stem cell banking market, which was USD 9.3 billion in 2022, would rise up to USD 45.64 billion by 2030 and is expected to undergo a CAGR of 22% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
Download PDF Sample Report (Including Graphs, Charts, and List of Figures) @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-cord-stem-cell-banking-market&Shri
Cord stem cell banking stores the cord blood cell found in a newborn child’s umbilical cord and placenta. This cord blood involves stem cells which can be widely used in the future for treating diseases such as thalassemia, autoimmune diseases, leukemia, and inherited metabolic disorders, among others.
Drivers
- Increasing Demand for Cord Blood And Tissue Storage With Genetic Testing Services
It has been witnessed recently that the combination of cord blood and tissue storage with genetic testing services is a developing trend in the cord stem cell banking market. Such pairing is possible and efficient due to its complimentary services to the existing clients, thus helping in increasing their product portfolio. For instance, a genetic testing company called Natera launched the Evercord cord blood and tissue storage service that enables expectant parents to collect, store and retrieve cord blood from newborns and tissue for further medicinal use in transplantation and regenerative medicine applications. Thus, this will boost market growth.
- Increasing Cancer Cases
According to the Globocan 2020 data, there were around 457,960 new cancer cases in the U.K., with lung, colon, prostate, and skin cancer being the most widespread types of cancer detected. As per the same source, Italy witnessed 415,269 new cancer cases and around 174,759 deaths. Stem cell transplants can effectively treat cancer diseases such as leukemia and multiple myeloma. By using stem cells, the blood-forming stem cells damaged at the time of chemotherapy can be restored. Thus, due to the growing number of cancer cases, cord stem cell banking is extensively used in research institutes and hospitals, which is further anticipated to grow significantly during the forecast period.
Recent Development
• In 2021, BioTherapeutic Labs Corp and American CryoStem entered a collaboration agreement for stem cell research and development. BTL will sell CRYO’s goods and services. The two companies will collaborate to create protocols that utilize CRYO’s ATCell autologous mesenchymal stem cells and BTL’s human umbilical cord-based product lines.
Some of the major players operating in the cord stem cell banking market are:
- CBR Systems, Inc., (U.S.)
- Cordlife (Singapore)
- Cryo-Cell International, Inc., (U.S.)
- ViaCord (U.S.)
- Cryo-Save (Netherlands)
- LifeCell International Pvt. Ltd. (India)
- StemCyte India Therapeutics Pvt. Ltd (U.S.)
- Global Cord Blood Corporation (China)
- Smart Cells International Limited (U.K.)
- Vita 34 1997 – 2023, Inc (Germany)
- Lisata Therapeutics, 2023 (U.S.)
- BrainStorm Cell Limited (U.S.)
- Regrow Biosciences Pvt. Ltd. (India)
To Gain More Insights into the Market Analysis, Browse the Summary of the Research Report@ https://www.databridgemarketresearch.com/reports/global-cord-stem-cell-banking-market?Shri
Cord Stem Cell Banking Market Scope
Storage Type
- Private Banks
- Hybrid Banks
- Public Banks
Product Type
- Cord Blood
- Cord Tissue
Service Type
- Collection & Transportation
- Processing
- Analysis
- Storage
Source
- Umbilical Cord Blood
- Bone Marrow
- Peripheral Blood Stem
- Menstrual Blood
Indication
- Cerebral Palsy
- Thalassemia
- Leukemia
- Diabetes
- Autism
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
Browse Detailed Summary of Research Report with TOC: https://www.databridgemarketresearch.com/toc/?dbmr=global-cord-stem-cell-banking-market&Shri
Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
Top DBMR Healthcare Reports:
https://www.databridgemarketresearch.com/reports/global-cardasil-treatment-market?Shri
https://www.databridgemarketresearch.com/reports/global-aestheticcosmetic-lasers-market?Shri
https://www.databridgemarketresearch.com/reports/global-yeast-infection-market?Shri
About Data Bridge Market Research:
An absolute way to forecast what future holds is to comprehend the trend today!
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.
Data Bridge Market Research has over 500 analysts working in different industries. We have catered more than 40% of the fortune 500 companies globally and have a network of more than 5000+ clientele around the globe. Data Bridge adepts in creating satisfied clients who reckon upon our services and rely on our hard work with certitude. We are content with our glorious 99.9 % client satisfying rate.
Contact Us:-
Data Bridge Market Research
US: +1 888 387 2818
UK: +44 208 089 1725
Hong Kong: +852 8192 7475
Editor Details
-
Company:
- The Wire Times
