Stem cells are highly specialized body cells that serve as the basic cells of the body’s organs and tissues. Stem cells differentiate themselves from other cells in the body because of their characteristics, such as self-renewal and differentiation. Stem cells are found in bone marrow, umbilical cord blood, and adipose tissue.
Stem cell banks preserve these sources in their most robust state for future use in applications such as regenerative medicine, tissue engineering, and gene therapy. Stem cells can be used for almost 20 years after preservation. Over the past decade, several clinical trials have been conducted on stem cells for optimal utilization in a variety of applications that increase the demands on stem cell preservation.
Get Sample Copy of This Report @ https://www.persistencemarketresearch.com/samples/22819
Division
The global stem cell market has been segmented based on type, application, service, and region of stem cells.
| type of basis |
|
| Application basis |
|
| Service Basics |
|
The global stem cell banking market is expected to grow rapidly during the forecast period, owing to increasing awareness of the benefits of stem cell banking over the past decade and driving the global stem cell banking market. Human life expectancy has increased significantly due to advances in medical research. Unfortunately, aging in humans is associated with various diseases that have become the target population for stem cell banking and are driving the growth of the global stem cell banking market.
Request Table of Contents @ https://www.persistencemarketresearch.com/toc/22819
The increase in the number of children due to the increase in the birth rate can be an opportunity to become a new market opportunity as awareness of the preservation of the newborn umbilical cord, a type of stem cell, increases.
However, cost is a major concern for applications in stem cell banking and various end treatments. The high cost of stem cell preservation may limit the availability of stem cell banks in developing and underdeveloped countries. Unfavorable government rules and regulations regarding stem cell preservation through stem cell banking may also hamper the growth of the global stem cell banking market.
Geographically, the global stem cell banking market has been segmented into five major regions including North America, Latin America, Europe, Asia Pacific (APAC) and Middle East & Africa (MEA).
North America has contributed to increasing its market share in global stem cell banks due to advances in healthcare infrastructure and increased awareness of the benefits of stem cell preservation. Following North America, Europe also recorded significant growth in the global stem cell banking market.
Asia Pacific is expected to witness strong growth over the forecast period, owing to rapid development of healthcare facilities and services in countries such as Japan, China and India. The increasing force of per capita spending on healthcare facilities in APAC is also expected to propel the growth of the global stem cell banking market in the region. Latin America and MEA are in their infancy and are expected to register significant growth over the forecast period.
Key Players in the Global Stem Cell Banking Market include NeoStem, Esperite, Smart Cell International, StemCyte, ViaCord, Capricor, CordCare, Cryo Stemcell, Cellartis, and Aldagen. Major players in North America and Europe are contributing major shares to the global stem cell banking market.
Access Full Report @ https://www.persistencemarketresearch.com/checkout/22819
About us: Persistence Market Research
Contact us:
Persistence Market Research
Address – 305 Broadway, 7th Floor, New York City,
NY 10007 United States
U.S. Ph. – +1-646-568-7751
USA-Canada Toll-free – +1 800-961-0353
Sales – sales@persistencemarketresearch.com
Website – www.persistencemarketresearch.com