Years consodered for This Study:
Base Year: 2017
Forecast Period: 2018–2023

Objectives of the study are:

# To define, describe, and forecast the stem cell banking market by source, service type, application, and region
# To provide detailed information about factors influencing market growth (drivers, restraints, opportunities, and industry-specific challenges)
# To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall stem cell banking market
# To analyze the market opportunities for stakeholders and provide details of the competitive landscape for key players
# To forecast the market size for North America, Europe, Asia Pacific, and the Rest of the World (RoW)
# To profile key players and comprehensively analyze their global market shares and core competencies
# To track and analyze strategic developments such as service launches & upgrades; agreements, partnerships, & collaborations; and mergers & acquisitions in the global market

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This report studies the global stem cell banking market over the forecast period of 2019 to 2027. The market is projected to reach USD 13.86 billion by 2027 from USD 7.26 billion in 2019, at a CAGR of 8.4%. Market growth can primarily be attributed to the increase in hematopoietic stem cell transplantation (HSCT) procedures, development of novel technologies for stem cell processing, preservation, and storage, increasing investments in stem cell-based research, and growing awareness on the therapeutic potential of stem cells.

Based on source, the placental segment is expected to witness the highest growth during the forecast period. Based on application, the personalized banking applications segment is expected to account for the largest share of the stem cell banking market in 2019. By service, rising number of stem cell banks across emerging countries to drive the growth of market.

North America is expected to dominate the stem cell banking market in 2019

Geographically, the market is segmented into North America, Europe, Asia Pacific, and the Rest of the World. North America is expected to account for the largest share in 2019. The expanding network of stem cell banking services across the region, ongoing approval of stem cell lines for disease treatment (especially for hematopoietic & autoimmune disorders), recent technological advancements in the field of stem cell collection and preservation techniques, and rising public-private investments for stem cell researches are driving the growth of the stem cell banking market in North America.

As of 2017, major players in the global stem cell banking market are Cord Blood Registry (CBR) Systems (US), Cordlife Group Limited (Singapore), and Cryo-Cell International (US).

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Analysis of the market developments between 2015 and 2018 reveals that several growth strategies such as service launches & upgrades; agreements, partnerships, & collaborations; and mergers & acquisitions were adopted by the market players to strengthen and competitive position in the global stem cell banking market. Among these business strategies, agreements, partnerships, & collaborations were the most widely adopted growth strategies by majority of market players worldwide.

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