MRRS adds "Stem Cell Banking Market by Bank Type , Service , Application , Region - Forecast to 2021" latest studies, published in November 2016. It is a professional and in-depth study.
The global stem cell banking market is expected to reach USD 3.96 billion by 2021 from USD 1.58 billion in 2016, at a CAGR of 20.2% from 2016 to 2021. The storage services segment is expected to contribute the maximum share to the overall market in 2016. Advancements in cord blood preservation and research in the field of stem cells for use as therapeutics are major factors fueling the growth of this market.

“Processing services to contribute largest share in the stem cell biobanking market”
The processing services segment is estimated dominate the market, by service type, in 2016 and the forecast period. North America is the major market for this segment. The large share of the storage services segment can be attributed to the high cost of the technology and equipment required for the processing of cord blood and cord tissue, in turn increasing the per-year cost of maintenance of the sample units.

Earlier, semi-automated centrifuges, such as AXP AutoXpress from Thermogenesis and Compomat from Fresenius Kabi (India) were used to separate blood components. However, companies are now focusing on updating technology to deliver high-quality products. For instance, Cordlife (Singapore) used Sepax, a fully automated closed system, in 2013, which has now become an industry standard followed by companies globally. In all the cases, the buffy coat is stored in single compartment cryobags.
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