#Global Cord blood banking market

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Cord Blood Banking Services Market

Cord Blood Banking Services Market Size, Share, Trends: Cord Blood Registry (CBR) Systems Leads

Growing Demand for Regenerative Medicine Fuels Market Expansion

Market Overview: 

The global Cord Blood Banking Services Market is projected to grow significantly from 2024 to 2031. North America currently dominates the market, followed by Europe and Asia-Pacific. Key metrics include increasing awareness about stem cell therapies, rising prevalence of chronic diseases, and growing investments in regenerative medicine research. The market is constantly growing due to advancements in cord blood processing and storage technologies, increased applications of cord blood stem cells in many therapeutic disciplines, and higher parental knowledge of the potential benefits of cord blood banking. The increase of cord blood transplantation operations, together with ongoing research into new applications for cord blood stem cells, is driving market growth.

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Market Trends: 

The cord blood banking business is witnessing a substantial shift towards hybrid banking models that incorporate components of both commercial and public banking. This practice is gaining traction because it strikes a compromise between private and public storage of cord blood units. Hybrid versions enable families to keep their child's cord blood for personal use while also making a part available for public use or research. This strategy overcomes ethical issues about private banking while increasing the availability of cord blood units for public use. Many cord blood banks are gradually introducing hybrid solutions to meet a greater range of client requests and ethical concerns.

Market Segmentation: 

Private cord blood banking services are the industry's largest section, accounting for more than 60% of the total. This dominance can be ascribed to parents' growing awareness of the potential long-term health benefits of preserving their child's cord blood. Private banking provides exclusive access to banked cord blood units for personal or family purposes, which is one of the primary reasons for its appeal. Recent developments in private cord blood banking include enhanced processing and storage processes, which boost the viability and possible applications of banked cord blood.

Market Key Players: 

Prominent players in the Cord Blood Banking Services Market include Cord Blood Registry (CBR) Systems, Cryo-Cell International, ViaCord, Cordlife Group Limited, Cryo-Save AG, LifeCell International Pvt. Ltd., StemCyte, Global Cord Blood Corporation, Smart Cells International Ltd., and Vita 34 AG. These companies are at the forefront of the industry, continuously innovating and expanding their product portfolios to meet the evolving market demands. Their strategic initiatives and robust distribution networks have enabled them to maintain a strong market presence and drive growth.

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Blood Bank Market Size & Forecast 2025-2035

The global Blood Bank market, estimated to be valued at USD 21.85 billion in 2024, is estimated to grow up to USD 41.05 billion by 2035 with a CAGR of 5.9% in the period from 2025 to 2035. This market will encompass a wide variety of services, including umbilical cord blood-based stem cell banking, therapies collected through plasma collection, and platelet apheresis for cancer patients.

Blood banks handle critical functions like blood typing, cross-matching for transfusion compatibility, and pathogen testing for safety. These facilities are critical for the collection, processing, storage, and distribution of blood and its components, making them crucial for healthcare by ensuring a steady and safe supply of blood for transfusions and other medical procedures.

Market Dynamics

Mobile Blood Donation units increase mobilization

Mobile blood donation units are changing the face of blood donation. They have been going to schools, workplaces, and community events, where people can donate blood conveniently. With this increased access, blood donation rates are particularly increasing for younger generations. Mobile units also involve the community by partnering with organizations and businesses within the same area, often offering incentives to drive up participation. According to research, mHealth applications can boost donation appointment rates by as much as 22.7%. This could save hundreds of thousands of lives every year.

Challenges of Short Shelf Life for Blood Products

The blood products do have a short shelf life; for example, whole blood only remains available up to 42 days. For platelets, however, they are only available from 5-7 days, thereby presenting a huge problem for inventory control. Most blood remains unutilized and its potential to cause pressure on management concerning collection, donations, and not going about scarce at all times.

AI-Enhanced Blood Management Solutions

Artificial Intelligence and data analytics become indispensable tools in blood management. These technologies help blood banks understand their inventory better, predict donation trends, and optimize donor outreach. Predictive analytics can predict what blood will be needed by whom, thereby reducing short shelf life waste and making donors retain themselves for long periods of time, so that a more reliable blood supply can be ensured.

Expert opinions

According to Robert Scanlon, the head of Blood Bank of Alaska, one of the great successes of mobile drives has been local donations as it has saved lives state-wide.

Kate Fry, the CEO of America's Blood Centers, also spoke about her work on leadership development with Vanderbilt University.

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Market Segmentation

Product Type

The Blood Bank market carries the entire spectrum of blood products for transfusion such as whole blood, red blood cells (RBCs), platelets, plasma, cryoprecipitate, and white blood cells. Due to its essential role in transportation, RBC is primarily the most transfused form of blood product. Longer the shelf life of the products of RBC it easy for handling within blood bank sites as compared to any of other blood products.

Function Type

The major activities of blood banking include collection, processing, transportation, storage, and testing. Testing is the most essential as it ensures that products meant for transfusions are safe and compatible. In the screening procedure, for instance, it involves conducting tests on infectious diseases together with finding out the different blood types to match up the donors with recipients safely.

Regional Analysis

North America : is the largest market in the global blood bank market due to its advanced healthcare infrastructure, stringent safety standards, and the presence of well-established organizations, such as the American Red Cross. Blood centers in this region supply blood products to over 150 million people and serve more than 3,500 hospitals.

Asia-Pacific: The most booming market is that of the Asia-Pacific region, which is driven by enhanced health care spending, growing blood donation awareness, and government programs oriented toward improving blood safety. The countries of China and India are expanding their services of blood banking, therefore greatly contributing to the quick growth experienced in the region. Competitive Environment The Blood Bank market is also highly competitive. Major players are involved in research and development to improve their position. The key players operating in the market are: The American Red Cross NHS Blood and Transplant Canadian Blood Services Vitalant America's Blood Centers Recent development includes a partnership between InVita Healthcare Technologies and BloodHub to enhance blood supply chain automation and Roche's FDA-approved malaria test to screen blood donors in the U.S. Recent Developments March 2024: Roche won the approval from the FDA to use its malaria test for blood donors to boost safety. InVita Healthcare Technologies and BloodHub recently formed a partnership to advance blood management systems in North America.

Conclusion :

 The Blood Bank market is undergoing evolution, characterized by advancements in mobile donation, artificial intelligence, and blood management technologies. Notwithstanding challenges such as the limited shelf lives of blood products, the growth prospects of the market remain robust, propelled by innovations in blood collection, testing, and distribution. North America continues to dominate the market; conversely, the Asia-Pacific region presents substantial growth opportunities. Additionally, the expansion of the market is further enhanced by the rising demand for blood products and government initiatives aimed at improving blood safety on a global scale.

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The Umbilical Cord Blood Banking Market is projected to expand from USD 5,710 million in 2024 to approximately USD 12,239.89 million by 2032, at a compound annual growth rate (CAGR) of 10%.The umbilical cord blood banking market has emerged as a significant segment within the healthcare industry, driven by the increasing awareness of the therapeutic potential of cord blood stem cells. Cord blood, rich in hematopoietic stem cells, has become a valuable resource for treating various life-threatening diseases, including leukemia, lymphoma, and genetic disorders. This article explores the growth, trends, and opportunities in the global umbilical cord blood banking market.

Browse the full report https://www.credenceresearch.com/report/umbilical-cord-blood-banking-market

Market Overview

Umbilical cord blood banking involves collecting, processing, and storing the blood from a newborn's umbilical cord and placenta. This blood is preserved in public or private cord blood banks for potential future medical use. The market has been growing steadily due to advancements in biotechnology, increased public awareness, and the rising prevalence of chronic diseases treatable with stem cell therapy.

According to industry reports, the global cord blood banking market was valued at approximately $XX billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of XX% from 2024 to 2030. This growth is attributed to the increasing applications of stem cell therapy, government support for regenerative medicine, and technological innovations in banking processes.

Key Market Drivers

1. Expanding Applications of Stem Cell Therapy

Cord blood stem cells are used in over 80 approved medical treatments, including blood cancers, immune deficiencies, and metabolic disorders. Researchers are exploring their potential for treating conditions like cerebral palsy, autism, and diabetes, further driving demand for cord blood banking.

2. Rising Awareness and Education Campaigns

Healthcare providers and public health campaigns have played a crucial role in educating expectant parents about the benefits of cord blood banking. Organizations and governments worldwide are promoting the importance of preserving cord blood for future medical use.

3. Advances in Cryopreservation Technology

Technological advancements have improved the efficiency and reliability of cord blood storage. Modern cryopreservation techniques ensure the viability of stem cells for decades, enhancing the appeal of cord blood banking.

4. Supportive Regulatory Frameworks

Governments in several countries have introduced supportive regulations and funding for cord blood banking initiatives. Public banks, in particular, benefit from these policies, as they contribute to national and international stem cell registries.

Challenges Facing the Market

Despite its promise, the cord blood banking market faces several challenges:

High Costs: The initial collection and storage fees for private cord blood banking can deter many families, especially in low- and middle-income countries.

Limited Awareness in Developing Regions: While awareness is growing in developed countries, many parts of the world remain uninformed about the benefits of cord blood banking.

Ethical Concerns: The use of cord blood in medical treatments raises ethical and religious concerns in certain communities.

Future Outlook

The umbilical cord blood banking market holds immense potential, with opportunities arising from emerging markets, increasing R&D investments, and the expansion of public cord blood banks. The growing interest in personalized medicine and advancements in regenerative therapies are expected to propel the market further.

Key Player Analysis:

Caladrius Biosciences

Cord Blood America, Inc.

Cordlife Group Limited

American Type Culture Collection (ATCC)

Cord Blood Registry (CBR)

China Cord Blood Corporation

Smart Cells International

Esperite N.V.

ViaCord, LLC

Cryo-Cell International, Inc.

Segmentations:

By Storage Option

Public UCB banks

Private UCB banks

By Application

Leukemia

Bone marrow failure syndrome

Metabolic disorder

Lymphoma

Immune deficiencies

By Service Type

Sample Preservation & Storage

Sample Analysis

Sample Processing

Sample Collection & Transportation

By Region

North America

U.S.

Canada

Mexico

Europe

Germany

France

U.K.

Italy

Spain

Rest of Europe

Asia Pacific

China

Japan

India

South Korea

South-east Asia

Rest of Asia Pacific

Latin America

Brazil

Argentina

Rest of Latin America

Middle East & Africa

GCC Countries

South Africa

Rest of the Middle East and Africa

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𝐓𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐒𝐭𝐞𝐦 𝐂𝐞𝐥𝐥 𝐌𝐚𝐫𝐤𝐞𝐭 𝐢𝐧𝐝𝐮𝐬𝐭𝐫𝐲 (𝐋𝐚𝐭𝐞𝐬𝐭 𝐏𝐃𝐅)-IndustryARC™

The Stem Cell Market refers to the global industry focused on the research, development, production, and commercialization of products and therapies derived from stem cells. This market encompasses a wide range of applications, from regenerative medicine and drug discovery to tissue engineering and disease modeling. Stem cells are unique because they can develop into various specialized cell types and are capable of self-renewal, making them highly valuable in medical research and treatment.

🔗 𝑫𝒐𝒘𝒏𝒍𝒐𝒂𝒅 𝑺𝒂𝒎𝒑𝒍𝒆 𝑹𝒆𝒑𝒐𝒓𝒕

𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐨𝐧𝐞𝐧𝐭𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐒𝐭𝐞𝐦 𝐂𝐞𝐥𝐥 𝐌𝐚𝐫𝐤𝐞𝐭:

𝐓𝐲𝐩𝐞𝐬 𝐨𝐟 𝐒𝐭𝐞𝐦 𝐂𝐞𝐥𝐥𝐬:

Embryonic Stem Cells (ESCs): Derived from early-stage embryos and can differentiate into any cell type.

Adult Stem Cells: Found in specific tissues, such as bone marrow or adipose tissue, with a more limited differentiation potential.

Induced Pluripotent Stem Cells (iPSCs): Adult cells reprogrammed to behave like embryonic stem cells.

Hematopoietic Stem Cells (HSCs): Found in bone marrow and used in treatments for blood disorders.

Mesenchymal Stem Cells (MSCs): Found in bone marrow, fat, and other tissues, used in regenerative therapies.

𝐀𝐩𝐩𝐥𝐢𝐜𝐚𝐭𝐢𝐨𝐧𝐬:

Regenerative Medicine: Repairing or replacing damaged tissues and organs.

Drug Discovery and Testing: Using stem cells to model diseases and test drug efficacy.

Cancer Treatment: Stem cell transplants for blood cancers like leukemia.

Neurological Disorders: Potential therapies for conditions like Parkinson's or spinal cord injuries.

Tissue Engineering: Development of bioengineered tissues and organs.

Products and Services:

Stem cell therapies and transplants.

Research products, including reagents, kits, and culture systems.

Equipment for stem cell isolation, expansion, and storage.

Banking services for storing stem cells (e.g., cord blood banking).

𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫𝐬:

Growing prevalence of chronic and degenerative diseases.

Advancements in stem cell research and technology.

Increased funding from governments and private sectors.

Rising demand for personalized medicine.

𝐂𝐡𝐚𝐥𝐥𝐞𝐧𝐠𝐞𝐬:

Ethical concerns, particularly with embryonic stem cells.

High costs of research and therapies.

Regulatory hurdles and standards.

Limited awareness in developing regions.

[waquasuniverse]

Cord Blood Banking Services Market To Reach $41.36Bn By 2030

The global cord blood banking services market size is expected to reach USD 41.36 billion by 2030, registering a CAGR of 7.4% during the forecast period, according to a new report by Grand View Research, Inc. Key drivers of the market include increasing application of stem cell therapies in disease treatment, and rising prevalence of life threatening genetic disorders. Moreover, increasing…

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Biobanking Market Future Aspect Analysis and Current Trends by 2024 to 2034

The Biobanking Market is crucial to the advancement of biomedical and translational research because it facilitates the collection and preservation of biological samples, including blood, tissues, and nucleic acids, which are then made available for use in studies aimed at identifying disease-relevant biomarkers. These biomarkers can then be utilized for diagnosis, prognosis, and drug response prediction. A key factor propelling the market is the increase in the quantity of research projects in this sector. These segment’s research efforts are supported by government funding available for stem cell therapies, regenerative medicine, and cell and gene therapy. Aside from this, the growing popularity of cord blood banking will support the expansion of this industry.

The Biobanking market is predicted to develop at a compound annual growth rate (CAGR) of 8.5% from 2024 to 2034, when it is projected to reach USD 184.28 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 81.50 Billion in 2024.

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Biobanking refers to the organized collection and maintenance of biological specimens and their associated data. These banks store a variety of samples, such as human tissues, blood, DNA, and other biological materials, along with crucial information about the donors, including their medical history, lifestyle, and genetic data. This systematic storage allows researchers to access high-quality, well-documented specimens for their studies.

Key Market Players

The Biobanking Market is dominated by a few large companies, such as

Thermo Fisher Scientific Inc.

PHC Holdings Corporation

Becton, Dickinson and Company

QIAGEN N.V.

Merck KGaA

Sampled

Avantor, Inc.

Cryoport, Inc.

Tecan Trading AG

Azenta, Inc.

Greiner Holding AG

Others

Global Biobanking Market- Segmental Analysis

By Sample Type

Human Tissues

Stem Cells

Other Biological Samples

By Application

Therapeutics

Research

Clinical Trials

By Storage Type

Manual Storage Systems

Automated Storage Systems

By End User

Pharmaceutical and Biotechnology Companies

Academic Research Institutes

Hospitals and Diagnostic Laboratories

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Challenges in Biobanking

Standardization: Developing standardized procedures for sample collection, processing, and storage is essential to ensure the quality and comparability of specimens across different biobanks.

Funding and Sustainability: Maintaining biobanks requires significant financial resources. Securing long-term funding and demonstrating the value of biobanks to stakeholders are ongoing challenges.

Technological Advances: Rapid advancements in technology, such as genomics and data analytics, require biobanks to continually update their infrastructure and capabilities.

Interoperability: Facilitating data sharing and collaboration between biobanks, both nationally and internationally, is crucial for maximizing the potential of biobanked samples.

The Future of Biobanking

The future of biobanking is bright, with several promising trends and developments:

Integration with Digital Health: The integration of biobanks with digital health technologies, such as electronic health records (EHRs) and wearable devices, can provide more comprehensive data and enhance research capabilities.

Global Collaboration: Increasing international collaboration and data sharing among biobanks will help address global health challenges and accelerate medical research.

Ethical Innovations: Continued advancements in ethical frameworks and governance models will help address the complex ethical issues associated with biobanking.

Personalized Medicine: Biobanks will play a critical role in the continued development of personalized medicine, providing the samples and data needed to tailor treatments to individual patients.

Biobanking Industry: Regional Analysis

North America Market Forecast

North America dominate the Biobanking Market with the highest revenue generating market with share of more than 47%. Leading biobanking companies, robust government support, and advances in personalized medicine foster growth. Extensive R&D activities and a high prevalence of chronic diseases also contribute to the market's expansion.

Europe Market Statistics

Europe’s biobanking market thrives due to its robust regulatory frameworks, strong healthcare systems, and substantial research funding. The region's collaborative research initiatives and cross-border projects enhance biobank operations and data sharing. Supportive policies and funding for innovative research drive the growth and efficiency of biobanks across Europe.

Conclusion

Biobanking is a cornerstone of modern medical research, offering invaluable resources for understanding diseases, developing new treatments, and improving public health. By addressing ethical, legal, and operational challenges, and embracing technological advancements, biobanks can continue to drive scientific discoveries and enhance healthcare outcomes worldwide.

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The Global Cell and Tissue Preservation Market will grow at highest pace owing to increasing research in cryopreservation

The global cell and tissue preservation market covers equipment, consumables, and media used for cryopreservation and preservation of cells and tissues. Cell & tissue preservation allows long-term storage of biological samples at ultra-low temperatures for future application in research activities, clinical diagnostics, and cell & tissue-based therapies. Cell preservation equipment help in controlled freezing and thawing required for cryopreservation of samples, while consumables are one-time use containers and media are solutions required for storage of biological materials. The increasing research in application of stem cells for disease treatment and growing demand for biobanking are fueling the need for cell & tissue preservation products.

Global Cell And Tissue Preservation Market is estimated to be valued at USD 5.11 Bn in 2024 and is expected to reach USD 10.82 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 11.3% from 2024 to 2031. 

Key Takeaways Key players operating in the global cell and tissue preservation market are Thermo Fisher Scientific, Inc., Lonza, BD, MerckKGaA, Cytiva, Agilent Technologies, Inc., Avantor, Inc., FUJIFILM Irvine Scientific, BioLifeSolutions Inc., AMSBIO, Princeton CryoTech, STEMCELL Technologies Inc., LGC SeraCare, Corning Incorporated, CellGenix GmbH. The global cell and tissue preservation market has seen rising demand due to increasing research in stem cell therapy and regenerative medicines. The number of clinical trials has increased multi-fold over the last decade. Preservation is vital for storage and transportation of biological samples used in these research studies and clinical applications. Technological advancements in cryopreservation process, equipment, and storage solutions are also fueling the Global Cell And Tissue Preservation Market Size. Automated freezing and controlled rate freezing equipment offer standardization and improve sample viability. Newer biomaterials provide better tissue preservation and enhance the capabilities of biobanks to store various sample types. Market trends: - Increased adoption of automated cell and tissue processing: Automation reduces manual errors and improves throughput and standardization in preservation workflow. - Growing preference for serum-free and animal-component free solutions: Developments are underway to address end-user demand for xeno-free formulations to avoid contamination. Market Opportunities: - Emerging economies in Asia Pacific and Latin America: Improving research infrastructure and increasing healthcare investments provide lucrative opportunities. - Umbilical cord blood and tissue banking: Expanding network of private and public banks worldwide augments demand for specialized preservation solutions. Impact of COVID-19 on Global Cell and Tissue Preservation Market Growth The outbreak of COVID-19 pandemic has significantly impacted the growth of Global Cell and Tissue Preservation Market Regional Analysis. During the initial lockdown period, hospitals and research institutes experienced supply chain disruptions as transportation restrictions were imposed globally. This led to shortage of raw materials such as preservation media for cell and tissue culture preservation. However, with increased focus on vaccine development and clinical testing, demand for preserved cell and tissue samples grew exponentially. Manufacturers responded swiftly by scaling up their production capacities and supply chains. Government funding for COVID-19 research also boosted the procurement of preservation products and equipment by biotech and pharmaceutical companies. Post lockdown, the market has witnessed growing demand from biobanks for long term preservation of COVID-19 testing samples as well as various cell lines used in vaccine development studies. The need to store clinical samples for future analysis has accelerated the adoption of automated banking equipment by government organizations. Moving forward, sustained research on virus pathogenesis and development of combination therapies will further augment the requirement for preserved biomaterials. Additionally, cell and tissue transplantation procedures deferred during peak pandemic period are being resumed, contributing to market revenues. Overall, COVID-19 has enhanced the significance of cell and tissue biobanking globally. Get more insights on Global Cell And Tissue Preservation Market

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Global Mesenchymal Stem Cells Market Overview

The Mesenchymal Stem Cells Market size was estimated at USD 3.11 billion in 2023 and is expected to reach USD 8.22 billion by 2031 with a growing CAGR of 12.93% during the forecast period of 2024-2031.The Mesenchymal Stem Cells (MSCs) market is poised at the intersection of groundbreaking research and therapeutic innovation, heralding a new era in regenerative medicine.

With their remarkable potential to differentiate into various cell types, MSCs have captivated the biomedical field, offering promising avenues for treating a spectrum of diseases from orthopedic injuries to autoimmune disorders. As scientific understanding deepens and clinical trials expand, the market for MSC therapies anticipates exponential growth, driven by robust investment in biotechnology and increasing healthcare demand for effective, personalized treatments. This burgeoning market not only holds the key to transformative therapies but also represents a pivotal frontier in harnessing the body's own healing mechanisms for improved patient outcomes worldwide.

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Market Scope & Overview

The most recent Mesenchymal Stem Cells Market  report offers accurate data on the market's size, share, and capacity for production, demand, and growth over the coming year. According to market research, the market is changing quickly, and both the impact on the present and the future are being examined. The market research team conducted thorough primary and secondary research to gather the relevant market data.

The market size and value for each industry, channel, and other sector are discussed in the research. It also takes into account the elements and traits that could affect the expansion of the market's sales. The market's present and future states are carefully examined in the worldwide Mesenchymal Stem Cells Market  research report.

Market Segmentation Analysis

By Products and Services

Products

Cells & Cell Lines

Kits, Media, & Reagents

Others

Services

By Workflow

Cell Sourcing & Isolation

Culture & Cryopreservation

Differentiation

Characterization

By Type

Autologous

Allogeneic

By Source of Isolation

Bone Marrow

Cord Blood

Peripheral Blood

Fallopian Tube

Fetal Liver

Lung

Adipose Tissues

By Indication

Bone And Cartilage Repair

Cardiovascular Disease

Inflammatory And Immunological Diseases

Liver Diseases

Cancer

GvHD

Others

By Application

Disease Modelling

Drug Development & Discovery

Stem Cell Banking

Tissue Engineering

Toxicology Studies

Others

COVID-19 Impact Analysis

The worldwide economy is significantly impacted by the coronavirus outbreak. The most recent COVID-19 scenario analysis is included in this Mesenchymal Stem Cells Market  research report. The top businesses, distributors, and supply chain organizations in the sector are also examined in the report.

Regional Outlook

North America, Latin America, Europe, Asia Pacific, and the Middle East and Africa are the five geographic divisions of the market. The Mesenchymal Stem Cells Market report examines each regional market in great detail and sheds light on the key factors influencing it. The research takes into account factors such as market size and share, import/export ratios, supply/demand ratios, consumer demand ratios, technological advancements, R&D, infrastructure development, and a strong market presence across the board.

Competitive Analysis

To give readers a greater understanding of the important players, the study report covers cutting-edge research approaches including SWOT and Porter's Five Forces analysis. Additionally, it includes crucial data on the economy, global positioning, product portfolios, earnings, gross profit margins, and scientific and technology advancements. The key industry partnerships, product launches, and acquisitions are the subject of the Mesenchymal Stem Cells Market  research.

Key Reasons to Purchase Mesenchymal Stem Cells Market  Research Report

Market research contains critical development status, growth rates, evaluations of the competitive environment, and data on international marketing.

The research report offers a comprehensive view of the worldwide competitive climate as well as crucial details on the leading rivals and their projected future growth.

Conclusion

For industry participants and other stakeholders looking for a thorough analysis of the current market dynamics as well as realistic estimates, the Mesenchymal Stem Cells Market  research report will be a valuable resource.

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Biobanking Market worth $5.0 billion by 2028

Biobanking Market in terms of revenue was estimated to be worth $2.9 billion in 2023 and is poised to reach $5.0 billion by 2028, growing at a CAGR of 11.4% from 2023 to 2028 according to a new report by MarketsandMarkets™. The global biobanking market is expected to grow at a CAGR of 11.4% during the forecast period. The growth of this market is driven by increasing number of private cord blood banks has led to a rise in competition among biobanks, which has driven innovation and improvements in the quality of biobanking services. This, in turn, has fueled growth in the biobanking market as more companies seek to enter this expanding field and meet the growing demand for cord blood stem cell preservation.

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The global biobanking market is expected to grow at a CAGR of 11.4% during the forecast period. The growth of this market is driven by increasing number of private cord blood banks has led to a rise in competition among biobanks, which has driven innovation and improvements in the quality of biobanking services. This, in turn, has fueled growth in the biobanking market as more companies seek to enter this expanding field and meet the growing demand for cord blood stem cell preservation.

The blood products segment accounted for the largest share, by sample type in the biobanking market in 2022.

Based on sample type, the global biobanking market has been segmented into blood products, human tissues, nucleic acids, human waste products, cell lines, and biological fluids. The blood products segment held the largest share of the global biobanking market in 2022. This can be attributed to the rising incidence of blood disorders and the increasing demand for various types of blood products across the globe. With the ongoing expansion of biobanks and the increasing emphasis on precision medicine, the demand for blood products in biobanking is expected to remain strong, further propelling the growth of the global biobanking market

The manual storage segment accounted for the largest share of the storage type segment in the biobanking industry in 2022.

Based on storage, the global biobanking market has been segmented into manual storage and automated storage. The manual storage segment held the larger market share in 2022. The large share of this segment can be attributed to the low cost and easy installation associated with this type of storage. Furthermore, many research centers and life science companies rely on manual processes for biological sample storage, this is further accelerating the market growth.

The North America region catered the largest share of the biobanking market in 2022.

The biobanking market in North America has experienced significant growth in recent years, showcasing a robust expansion trajectory. This can be attributed to the increasing number of biobanks and the growing investments in biobanking infrastructure. Major healthcare institutes and research organizations in North America have made substantial commitments to expanding their biobanking capabilities. Additionally, the rising prevalence of chronic diseases and the subsequent demand for personalized medicine has fueled the growth of the biobanking market in North America, with biobanks playing a pivotal role in storing and providing high-quality biological specimens for research and development purposes.

Key players in the biobanking market include Thermo Fisher Scientific, Inc. (US), PHC Holdings Corporation (Japan), Becton, Dickinson and Company (US), QIAGEN N.V. (Germany), Merck KGaA (Germany), Avantor, Inc. (US), Cryoport, Inc. (US), Tecan Trading AG (Switzerland), Azenta, Inc. (US), Greiner Holding AG (Austria), Hamilton Company (US), Micronic (Netherlands), AMSBIO (UK), Bay Biosciences LLC (US), BioKryo (Germany), SPT Labtech (UK), ASKION GmbH (Germany), Cell&Co BioServices (France), Ziath Ltd. (UK), CTIBiotech (France), Cureline (US), Firalis Group (France), Sopachem (Netherlands), ProteoGenex (US), and US Biolab Corporation, Inc. (US).

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Biobanking Market: Impact Analysis

 Drivers

Growing investments and funding for biobanks

Focus on genetic testing and precision medicine

Increasing trend in preservation of cord blood stem cells from newborns

Favorable funding scenario for research related to regenerative medicine

 Restraints

High cost of automated equipment

Issues related to biospecimen sample management

OPPORTUNITIES

Challenges

High operational cost of biobanks

Storage of samples

Recent Developments

In February 2023, PHC Corporation of North America launched the PHCbi Brand VIP ECO SMART Ultra-low Temperature Freezer with industry-leading energy efficiency.

In September 2022, Cryoport entered into a strategic partnership with BioLife Plasma Services to offer supply chain solutions and service offerings, such as bioservices and cryo-processing, for BioLife Plasma Services.

Biobanking Market Advantages:

Valuable Research Resources: Biobanks provide researchers with access to a vast collection of well-characterized biological samples and associated data. These resources serve as a valuable foundation for conducting various types of research, including genomics, proteomics, metabolomics, and epidemiological studies. Biobanks enable researchers to investigate diseases, discover new biomarkers, study genetic variations, and develop personalized therapies.

Accelerating Drug Discovery and Development: Biobanks play a crucial role in the drug discovery and development process. By providing researchers and pharmaceutical companies with access to diverse and representative samples, biobanks facilitate the identification of drug targets, testing of potential therapies, and assessment of drug efficacy and safety. This accelerates the drug development timeline, reduces costs, and enhances the success rate of clinical trials.

Facilitating Personalized Medicine: Biobanks contribute to the advancement of personalized medicine, which aims to provide tailored healthcare based on an individual's unique genetic makeup and other factors. By storing genetic information, clinical data, and biological samples, biobanks enable the identification of genetic markers associated with diseases, predicting disease risks, and guiding personalized treatment decisions. This helps healthcare providers deliver targeted therapies and improve patient outcomes.

Long-Term Sample Preservation: Biobanks employ specialized techniques and infrastructure to ensure the long-term preservation of biological samples. This enables the availability of high-quality samples over extended periods, allowing researchers to conduct longitudinal studies, analyze disease progression, and investigate long-term health outcomes. Long-term sample storage also enables retrospective studies and future research on emerging diseases or new research questions.

Collaboration and Data Sharing: Biobanks promote collaboration and data sharing among researchers, institutions, and industries. By establishing standardized protocols, ethical guidelines, and data sharing agreements, biobanks facilitate the exchange of samples, data, and knowledge. This collaboration fosters scientific discoveries, enables the replication of research findings, and maximizes the utility of stored samples.

Advancing Translational Research: Biobanks bridge the gap between basic research and clinical applications by facilitating translational research. By linking biological samples to clinical data, biobanks support the investigation of disease mechanisms, biomarker discovery, and the development of diagnostic tests. This enhances the translation of scientific knowledge into clinical practice, leading to improved disease diagnosis, prognosis, and treatment.

Overall, the biobanking market offers significant advantages by providing researchers and healthcare professionals with access to diverse, well-preserved, and well-characterized biological samples. These advantages accelerate research, drug development, and personalized medicine initiatives, ultimately contributing to advancements in healthcare and patient care.

Biobanking market - Report Highlights:

The market size is updated for the base year 2022 and forecasted from 2023 to 2028 by studying the impact of the recession on the overall biobanking industry.

The new edition includes the impact of the recession on the biobanking market (especially the region-wise impact in the geographic analysis section) in 2022. There is a variation in the growth rate of the market due to the ongoing recession.

Additional points such as ranges/scenarios, trends/disruptions impacting customers' businesses, pricing analysis, value chain analysis, supply chain analysis, ecosystem analysis, patent analysis, key conferences and events (2022-2023), list of key regulatory bodies, regulatory landscape, Porter's Five Forces analysis, key stakeholders, the influence of stakeholders on buying decisions, and buying criteria among end users have been added in the market overview chapter.

The new edition of the report provides updated financial information till 2022 (depending on availability) for each listed company in a graphical representation. This will help in the easy analysis of the present status of profiled companies in terms of their financial strength, profitability, key revenue-generating region/country, and business segment focus in terms of the highest revenue-generating segment.

Recent developments help us to understand market trends and the growth strategies adopted by players in the market.

Tracking the portfolios of prominent market players helps analyze the major products in the biobanking market. The new edition of the report provides an updated product portfolio of the companies profiled in the report.

Key market strategies/right to win, market share analysis for 2022, revenue share analysis of key market players from 2020 to 2022, and competitive leadership mapping have been added in the competitive landscape section of the report.

The new version of the report includes competitive leadership mapping for companies operating in the market. This new section is an output of a comprehensive study of the key vendors offering biobanking products. The top 25 vendors were shortlisted from a list of 50+ vendors, and these were evaluated based on market share/ranking and product footprint, rated and positioned on a 2x2 quadrant, referred to as Company Evaluation Quadrant, categorizing them as Stars, Emerging Leaders, Pervasive Players, and Participants.

The new version of the report includes the startup/SME evaluation quadrant for 10 companies operating in the biobanking market. This updated section is an output of a comprehensive study of the key startup vendors offering biobanking products. The top 10 vendors were shortlisted from a list of 50+ vendors, and these vendors were evaluated based on their product portfolio and business strategy, rated and positioned on a 2x2 quadrant, referred to as Competitive Leadership Quadrant, categorizing them as Progressive Companies, Starting Blocks, Responsive Companies, and Dynamic Companies.

In the new edition of the report, the Rest of the World is segmented into Latin America and the Middle East and Africa. Country-level markets for Brazil and the Rest of Latin America in the Latin American region have been added.

The new version of the report includes the ownership segment, which is further segmented into national/regional agencies, non-profit organizations, universities, and private organizations.

The new version of the report includes an end-user segment, which is further segmented into pharmaceutical & biotechnology companies and CROs, academic and research institutes, and hospitals.

Report Link: ( Biobanking Market )

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Tissue Banking Market - Forecast(2024 - 2030)

Tissue Banking Market Overview

The market size of Global Tissue Banking for 2019 is $42,599m and is set to grow at a CAGR of 4.0% during the forecast period 2020–2025 owing to a rise in tissue transplant cases and rising incidences of cancers, cardiovascular diseases, and diabetes. The market is witnessing several trends such as a shift in public perception toward cord tissue and blood storage, improving techniques for the use of cord tissues in cellular therapy, and potential cure for cancers, blood disorders, and immune and genetic diseases. With the increase in the harmonization of biobanks and research collaboration, the tissue banking market is set to grow positively during the forecast period. 

Key Takeaways

The global tissue banking market is poised to exhibit a CAGR of 4.0% percentage during the forecast period (2020–2025), attributed to rising demand for transplantation.

Major factors driving growth of the global tissue banking market is increase in the demand for regenerative medicines. 

The wide range of applications for instance storage, handling, transportation and maintenance of specimens and samples is poised to increase the market growth for the forecast period.

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By Type - Segment Analysis

In Tissue Type segment, Blood tissue accounted for the largest share, followed by soft tissue in 2019. Blood donation has increased substantially in the past few years. In U.S., approximately 36,000 units of red blood cells are needed everyday. In Europe, approximately 1700 people opted for blood vessel tissue donation in 2013. The countries such as Spain, Italy and Sweden are the major countries with high number of donors.

By Equipment - Segment Analysis

In Equipment type, Cryopreservation Systems segment dominated the market in 2019. Cryopreservation is the process of cooling followed by storage of frozen cells to provide a continuous supply of genetically stable living cells by inhibiting all biochemical activities which are to be used for procedures such as organ donation, bone marrow transplant and others. 

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By Application - Segment Analysis 

In 2019, Clinical/ Therapeutic dominated the Application segment of Tissue banking market and is set to grow at a CAGR of 4.3%. Tissues preserved in tissue banks can be used for fulfilling variety of medical needs of people for example heart valves can be used in patients with heart disorders, corneal transplantation used to give visibility to blind people, tendons and ligaments used in  orthopedic surgery and blood to treat blood disorders. Clinical/therapeutic applications majorly use tissue banking for it involves different types of grafting such as cord blood, stem cell and others. 

By Geography - Segment Analysis

North America region held 35% of the global tissue banking market in 2019. This is owing to advanced technology and high awareness regarding tissue donation among the medical personnel and healthcare professionals. Europe is set to attain a significant growth owing to the increasing geriatric population and unhealthy lifestyle prevailing in the region. Asia-Pacific is poised to record rapid growth rates on the account of government initiatives for expanding medical facilities coupled with the presence of key market players in the region.

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Drivers – Tissue Banking Market

Increasing Technological Advancement

Technological advancement in the healthcare sector such as development in biobanking technology coupled with a rise in regenerative tissue demand drives the market growth. The regenerative medicines cure different kinds of damaged tissues covering aging issues to injuries, which is poised to drive the demand for the Tissue Banking Market.

Challenges – Tissue Banking Market

High Cost Associated With Transplantation Procedures

The high transplant cost, bioethical issues and unavailability of tissue banks in many remote countries coupled with stringent government rules and regulations regarding testing and clearance documents negatively impact the growth of the global tissue banking market over the forecast period. 

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The Major Players in this Market Include

The leading players in the tissue banking market are AMS Biotechnology (Europe) Limited, Avantor, Inc (VWR International), BioCision LLC, Brooks Automation, Custom Biogenic Systems, Eppendorf AG, Hamilton Company, Merck KGaA and Thermo Fisher Scientific, Inc.

Acquisitions/Product Launches:

In 2017, Natera, a leader in genetic testing, launched Evercord, a new offering that enables expectant parents to collect, store, and potentially retrieve their newborn’s cord, blood, and tissue for therapeutic use in transplantation and regenerative medicine applications.

In 2013, three institutes at the National Institute of Health, including the National Institute of Mental Health (NIMH), the National Institute of Neurological Disorders and Stroke (NINDS), and the National Institute of Child Health and Human Development (NICHD) launched a joint initiative called as ‘NeuroBioBank’ in the U.S. It links together six large organ and tissue repositories through a common web portal.

In October 2018, MTF Biologics announced the formation of a new tissue recovery relationship with Regenerative Biologics, Inc. The organizations seek to provide expanded birth-tissue donation opportunities for expectant mothers and their families and enhance patients’ access to high-quality placental tissues for wound care applications.

[iruchakalyan]

The Global Cord Blood Banking Services Market was valued at USD 33.8 Billion in 2023 and is estimated to reach USD 65.9 Billion by 2033, growing at a CAGR of 7.9 % from 2024 to 2033

Cord Blood contains a very rich source of stem cells that can treat more than 80 diseases. This is the process of collecting life-saving stem cells placenta and umbilical cord and storing them for future use. These stem cells can be used in treating chronic diseases such as blood disease, cancer, diabetes, immune disease, and genetic disorders. These cells are mainly collected from hospitals, and nursing homes and are stored in a cord blood bank for future use up to 25 years. The government has taken the initiative to support research and clinical trials of cord blood stem cells, this support is driving the interest of investment from healthcare companies and commercialization of cord blood stem cell therapies. Moreover, the rise in autoimmune diseases and rising awareness of therapeutics of stem cells are propelling the growth of the market.

The technical improvement in stem cell research and development, storage procedure, and cryopreservation techniques is giving new opportunities to key players to invest in this Cord Blood Banking Service Market.

Furthermore, the rising prices for storing cord blood banking may restrict the market. A patient has to pay for storing and maintenance charges yearly and health insurance companies do not cover cord blood banking which hinders the growth of the market to expand in the forecast period. In 2022, FemiCord group said that within Europe the number of cord banks had dropped by more than 1/3rd over the past decade.

The rising awareness of cord blood stem cell therapy are major factor that drives the market growth. For instance, the automated processing and storage of cord blood has improved the cost and customer convenience.

Economic Impact of Covid-19:

The analysis of the COVID-19 recovery trajectory provides an overview of the main strategies that industries are implementing to respond to and recover from the economic crisis. It also focuses on the post-pandemic and pre-pan\demic era of the Global Cord Blood Banking Services Market through PEST analysis, SWOT, Quantitative and Qualitative analysis, Attractive analysis, and DROs. Innovations by market players and an increasing number of products will propel the growth of this market.

The COVID-19 outbreak has affected the growth of this market due to the lockdown and this delay in the supply and collection of cord blood that is used to treat disease.  The number of chronic patients increasing day by day is the major restraining factor of the Cord Blood Banking Services Market.

Key Players:

LifeCell

StemCyte Inc.

BrainStorm Cell Limited

Celgene Corporation

Cryo-Cell International

Cordlife Group Limited

Singapore Cord Blood Bank

Cryo-Save Group AV

Cord Blood America Inc.

CBR Systems Inc.

ViaCord Inc

China Cord Blood Corporation

AMAG Pharmaceuticals Inc.

Americord Registry LLC

Esperite N.V.

Others

Know More- https://nexbindinsight.com/pharmaceutical-and-healthcare/the-global-cord-blood-banking-services-market-was-valued-at

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As per the report from nova one advisor, the global U.S. cord blood banking services market is valued at USD 8.48 billion in 2023 and is projected to reach a value of USD 22.71 billion by 2032 at a CAGR of 11.57% between 2023 and 2032

[themarketinsights]

Stem Cell Banking Market to See Major Growth by 2028

Latest released the research study on Global Stem Cell Banking Market, offers a detailed overview of the factors influencing the global business scope. Stem Cell Banking Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the Stem Cell Banking The study covers emerging player’s data, including: competitive landscape, sales, revenue and global market share of top manufacturers are Cord Blood Registry Systems (United States), Cordlife (Singapore), Cryo-Cell International (United States), Cryo-Save AG (A Subsidiary of Esperite N.V) (Netherlands), LifeCell International (India), StemCyte (United States), ViaCord (A Subsidiary of Perkinelmer) (United States), Global Cord Blood (China) , Smart Cells International Ltd. (United Kingdom), Vita 34 International (Germany),

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Stem Cell Banking Market Definition:

Stem cell banking is the extraction, processing, and storage of stem cells, so that they may be used for treatment in the future when required. Stem Cells have the amazing power to transform into any tissue or organ in the human body. Stem cells have a unique characteristic & the potential to treat over 80 life-threatening diseases and offers numerous benefits to the baby, its siblings and the family. Furthermore, it is being extensively used in personalized banking, research, and clinical applications.

Market Trend:

Rapid Advancements in Biotechnology Field

Market Drivers:

Growing Awareness of the Therapeutic Potential of Stem Cells

Development of Novel Technologies for Stem Cell Preservation, Processing, and Storage

Increase in HematopOIEtic Stem Cell Transplantation Procedures

Increasing Investments in Stem Cell-Based

Market Opportunities:

Emerging Countries

Rising Global Burden of Major Diseases

 

The Global Stem Cell Banking Market segments and Market Data Break Down are illuminated below:

by Type (Umbilical Cord Blood Stem Cell, Embryonic Stem Cell, Adult Stem Cell, Others), Application (Personalized Banking Applications, Research Applications {Disease Treatment Studies, Life Science Research, Drug Discovery}, Clinical Applications {HematopOIEtic Disorders, Autoimmune Disorders, Other Diseases}), Service (Sample Preservation and Storage, Sample Analysis, Sample Processing, Sample Collection and Transportation), Source (Placental Stem Cells (PSCs), Human Embryo-derived Stem Cells (hESCs), Bone Marrow-derived Stem Cells (BMSCs), Adipose Tissue-derived Stem Cells (ADSCs), Dental Pulp-derived Stem Cells (DPSCs), Other Stem Cell Sources)

Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa

Country Level Break-Up: United States, Canada, Mexico, Brazil, Argentina, Colombia, Chile, South Africa, Nigeria, Tunisia, Morocco, Germany, United Kingdom (UK), the Netherlands, Spain, Italy, Belgium, Austria, Turkey, Russia, France, Poland, Israel, United Arab Emirates, Qatar, Saudi Arabia, China, Japan, Taiwan, South Korea, Singapore, India, Australia and New Zealand etc.

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Strategic Points Covered in Table of Content of Global Stem Cell Banking Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Stem Cell Banking market

Chapter 2: Exclusive Summary – the basic information of the Stem Cell Banking Market.

Chapter 3: Displayingthe Market Dynamics- Drivers, Trends and Challenges of the Stem Cell Banking

Chapter 4: Presenting the Stem Cell Banking Market Factor Analysis Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.

Chapter 5: Displaying market size by Type, End User and Region 2015-2020

Chapter 6: Evaluating the leading manufacturers of the Stem Cell Banking market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile

Chapter 7: To evaluate the market by segments, by countries and by manufacturers with revenue share and sales by key countries (2021-2026).

Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

Finally, Stem Cell Banking Market is a valuable source of guidance for individuals and companies in decision framework.

Data Sources & Methodology The primary sources involves the industry experts from the Global Stem Cell Banking Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.

In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.

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[rohans18]

Cord Blood Banking Service Market Growth, Segments, Demand and Forecast to 2028

Global Cord Blood Banking Service Market, By Storage Services (Public, Private, Hybrid), Component (Cord Blood, Placenta), Application (Cancers, Blood Disorders), End-User (Hospitals, Pharmaceutical Research), Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028

In the consistent Cord Blood Banking Service market research report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues about Cord Blood Banking Service industry. The scope of this market report include but is not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The report presents with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. An influential Cord Blood Banking Service market report brings precise and exact market research information that drives business into the right direction.

Key Players

The major players covered in the Cord Blood Banking Service market report are BioHorizons IPH, Inc., Floss Locations, Dr. Fresh LLC, Colgate-Palmolive Company, GlaxoSmithKline plc, 3M Company, Ultradent Products Inc., Bausch Health Companies Inc., Dentsply Sirona, Medtronic PLC, Zimmer Biomet Inc., Sunstar Suisse S.A. and PatientPop.Inc among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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The research studies entailed in the winning Cord Blood Banking Service market report supports to estimate several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share. The strategies underlined here mainly consist of new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost footprints in this market. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section of production, supply, sales and market status.

Key questions answered in the report:

Which product segment will grab a lion’s share?

Which regional market will emerge as a frontrunner in coming years?

Which application segment will grow at a robust rate?

Report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Cord Blood Banking Service Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Table Of Content

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03:  Global Market

Part 04: Global Market Size

Part 05: Global Market Segmentation By Product

Part 06: Five Forces Analysis

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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

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3 Key Insights on US$ 15 Bn Opportunity in the Global Stem Cell Banking Market - Ken Research

Driven By the increasing prevalence of infectious diseases and rising individuals’ awareness regarding the therapeutic potentials of stem cells, the Global Stem Cell Banking Market is forecasted to Cross US$ 15 Bn by 2028 says Ken Research Study.

Stem Cell Banking is the collection and cryogenic storage of stem cells from a newborn infant's umbilical cord blood and tissue which can be further used in cell treatments or clinical trials. It has the potential to treat a wide range of diseases, as well as the ability to mortgage stem cells from multiple family members and use an individual’s own stem cells (autologous transplant). Furthermore, individuals with spinal cord injuries, type 1 diabetes, Parkinson's disease, amyotrophic lateral sclerosis, Alzheimer's disease, heart disease, stroke, burns, cancer, and osteoarthritis may also benefit from stem cell therapies.

“Ken Research shares 3 key insights on this high opportunity market from its latest research study”

Stem Cell Banking Market Continues to Grow Owing to The Growing Newborn Population Worldwide.

The Global Stem Cell Banking Market is expected to witness stable growth during the forecast period, owing to the increasing newborn population, and rising individuals’ awareness regarding the therapeutic potentials of stem cells. The global stem cell banking market was valued at ~US$ 4 billion in 2017, it is estimated to be ~US$ 7 billion in 2022 and is expected to reach a market size of ~US$ 15 billion by 2028 growing with a CAGR of ~12%.

North America is the dominating region in the Global Stem Cell Banking Market due to the increasing incidence rates of diseases, such as cancer, neurological disorders, and diabetes. Furthermore, the growing government initiatives and investments in stem cell therapies are contributing to the region's growth in stem cell banking.

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The Rising Prevalence of fatal Chronic Diseases, Such as Cancer, Cardiovascular Diseases, Neurological Disorders, Immunological Disorders, and Other Rare Metabolic Diseases is Propelling the Market Growth of Stem Cell Banking.

The growing geriatric population worldwide, who are more exposed to chronic and infectious diseases, including immunological disorders is propelling the stem cell banking market. In addition, the increasing prevalence of cancer, cardiovascular diseases, and autoimmune diseases, such as type 1 diabetes, and nephrological diseases is widening the use of stem cells as a potential treatment option.

For instance, according to Scientific American, an American science magazine that covers science, health, and social justice issues, several autoimmune diseases affected nearly 4.5% of the world's population in 2021.

According to the World Health Organization (WHO), a United Nations agency responsible for global public health, nearly 18 million people die every year as a result of cardiovascular diseases.

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High Operational Cost Associated with Stem Cell Banking, along with the stringent regulatory Frameworks May Impede the Market Growth of Stem Cell Banking.

Stem cell therapies have grown in popularity in recent years as individuals seek out alternative treatments for a variety of chronic diseases. Every day, new types of therapies are introduced, and individuals from all over the world are turning to them in place of traditional drug treatments and hospital visits. Despite the significant increase in demand for stem cell therapies, they remain prohibitively expensive to pursue. Simple joint injections cost close to US$ 5000, and more advanced treatments cost up to US$ 100,000, depending on the condition.

Furthermore, the stem cell field remains highly specialized and has yet to be adopted by citizens or insurance companies. Additionally, the field is further limited by older laws in some countries, most notably the United States. That means that there are relatively few sources for stem cells, and labs equipped to perform stem cells.

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Key Topics Covered in the Report

Snapshot of the Global Stem Cell Banking Market

Industry Value Chain and Ecosystem Analysis

Market size and Segmentation of the Global Stem Cell Banking Market

Historic Growth of the Overall Global Stem Cell Banking Market and Segments

Competition Scenario of the Market and Key Developments of Competitors

Porter’s 5 Forces Analysis of the Global Stem Cell Banking Industry

Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors

Covid-19 Impact on the Overall Global Stem Cell Banking Market

Future Market Forecast and Growth Rates of the Total Global Stem Cell Banking Market and by Segments

Market Size of Source, Service Type, Application, Cell Type Segments with Historical CAGR and Future Forecasts

Analysis of the Global Stem Cell Banking Market

Major Production/Supply and Consumption/Demand Hubs within Each Region

Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments

Overview of Notable Emerging Competitor Companies within Each Region

Notable Key Players Mentioned in the Report

CBR Systems, Inc.

Cryo-Cell International, Inc.

ViaCord

Sartorius AG

StemCyte, Inc.

Smart Cells International Limited

Global Cord Blood Corporation

Vita 34

LifeCell International Pvt. Ltd

Cordlife Group Limited

Notable Emerging Companies Mentioned in the Report

CyroHoldco

Generate Life Sciences Inc.

Hope Biosciences

Cell Care

ReeLabs Pvt. Ltd.

BrainStorm Cell Therapeutics, Inc.

CellSave a CSG-BIO Company, Inc.

Bristol-Myers Squibb Company

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

Stem Cell Banking Companies

Biopharmaceuticals Companies

Cord Blood Banks

Machinery and Equipment Suppliers for Stem Cell Banking

Cryogenic Healthcare Equipment Manufacturers

Biotechnology - Therapeutics and Diagnostics Companies

Pharmaceutical Companies

World Marrow Donor Association

Cord Blood Association

The International Stem Cell Banking Initiative (ISCBI) – PubMed

Healthcare Research Institutes

Healthcare Technology Research Institutes

Healthcare Technology Regulatory Authorities

Government Ministries and Departments of Healthcare

Period Captured in the Report

Historical Period: 2017-2021

Forecast Period: 2022E-2028F

For more insights on the market intelligence, refer to the link below: -

Global Stem Cell Banking Market

Related Reports By Ken Research: -

Global Stem Cell Banking Market Outlook to 2028

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Cryotherapy Market Size, Share & Trends Analysis Report, 2030

The global cryotherapy market size is expected to reach USD 11.99 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to grow at a CAGR of 7.0% from 2023 to 2030. This growth is due to a rise in demand for cryotherapy in fitness, beauty & wellness, increased prevalence of chronic diseases, and the high demand for minimally invasive procedures. A rise in the demand for minimally invasive procedures for the treatment of chronic diseases is also among the primary factors driving the market growth. Cryosurgery is a minimally invasive procedure. It has various advantages over conventional surgeries, including lesser pain, rapid wound healing, minimal surgical wounds, shorter hospital stays, and lower risk of complications.

Cardio Clinic at Asklepios St. Georg, one of the top heart centers in Germany, claims to perform around 300 cardiac cryoablation procedures every year. In fitness, beauty, and wellness treatments, there is a high demand for cryotherapy. Due to the high incidence of sports injuries, several sports clubs and sports teams are using cryo chambers for quicker recovery of injuries. For instance, the German rowing team, Wales Rugby Team, and the Chinese Olympic team have their own cryo chambers. All these factors are anticipated to boost market growth over the coming years. The COVID-19 pandemic adversely affected the market. Amid the pandemic, owing to stringent government regulations and lockdown to control the pandemic, a slowdown in the demand for cryotherapy was observed in the initial phase of the pandemic.

However, the market regained its pace by the end of 2020 in most countries. Companies are adopting strategies, such as new product development and partnerships. For instance, in August 2020, Cryoport, Inc. acquired CRYOPDP in an all-cash transaction of approximately USD 56.0 million. CRYOPDP-a French pioneer company-provides temperature-controlled logistics solutions for cell & gene therapy and clinical research communities. In October 2021, CARE Innovative Solutions announced the launch of the Slynarski Knee Clinic. It is the first clinic in Poland to provide computer-controlled cryotherapy solutions for knee-associated treatments.

Request a free sample copy or view the report summary: https://www.grandviewresearch.com/industry-analysis/cryotherapy-market

Cryotherapy Market Report Highlights

The cryosurgery segment held the largest revenue share in 2022 due to a rise in demand for surgical procedures

Cryochamber is expected to grow at a fastest CAGR over the forecast period, due to its high adoption by beauty clinics & fitness centers

Cold storage held the largest revenue share in 2022 due to the high demand for pharmaceutical cold chain logistics

In addition, various applications of cold storage in healthcare, such as bone marrow transplantation, in vitro fertilization, and cord blood banking, are another factor contributing to its largest share

North America is projected to be the dominant region due to high disposable income, well-established healthcare infrastructure, and high per capita healthcare expenditure

Cryotherapy Market Segmentation

Grand View Research has segmented the global cryotherapy market based on therapy type, device type, application, end-use, and region:

Cryotherapy Therapy Type Outlook (Revenue, USD Million, 2018 - 2030)

Cryosurgery

Icepack Therapy

Chamber Therapy

Cryotherapy Device Type Outlook (Revenue, USD Million, 2018 - 2030)

Cryogun

Cryo Probes

Tissue Contact Probes

Tissue Spray Probes

Gas Cylinders

Localized Cryotherapy Devices

Cryochambers & Cryosaunas

Other Devices

Cryotherapy Application Outlook (Revenue, USD Million, 2018 - 2030)

Surgical Applications

Oncology

Cardiology

Dermatology

Others

Pain Management

Beauty & Wellness

Fitness

Cold Storage

Other Applications

Cryotherapy End-use Outlook (Revenue, USD Million, 2018 - 2030)

Hospitals & Specialty Clinics

Cryotherapy Centers

Spas & Fitness Centers

Others

Regional Insights

North America dominated the global market in 2022 and accounted for the largest share of 42.83% of the overall revenue primarily due to the high disposable income levels, well-established healthcare infrastructure, and high healthcare expenditure. This region has a significant number of cryotherapy centers. According to a research study, North America holds around 69% of total cryotherapy centers around the world. This is expected to propel market growth in the coming years.

Asia Pacific is expected to be the fastest-growing market during the forecast period on account of untapped opportunities in the region, growing awareness about cryosurgery in cancer and skin treatments coupled with the rapidly developing healthcare infrastructure, and increasing disposable incomes in emerging Asian countries. Approval of new products in developing markets is also expected to be a major driving factor. For instance, in October 2021, IceCure Medical Ltd. submitted an amendment to NMPA China regarding IceSense3 Cryoprobes system registration certificate. After successful approval, IceCure Medical can commercialize its product in China.

List of Key Players in Cryotherapy Market

Brymill Cryogenic Systems

Metrum Cryoflex

CryoConcepts LP

Medtronic

Cortex Technology

Medtronic Medicale S.r.l.

Cryoalfa

Wallach Surgical Devices

Zimmer MedizinSysteme GmbH

Authoritative Research: https://www.grandviewresearch.com/industry-analysis/cryotherapy-market