Global Stem Cell/Cord Blood Banking Market Trends And Strategies Of Major Players In The Stem Cell/Cord Blood Banking Market 2021-2030

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The stem cell/cord blood banking global market consists of sales of stem cell/cord blood banking services and related goods. Cord stem cells are referred to as regenerative medicines which help in regeneration of tissues or cells in the body. Stem cells therapy is designed to aid the physician in performing medical treatment of different types of cancers, neurodegenerative diseases, graft-versus-host disease and heart diseases.

Global Stem Cell/Cord Blood Banking Market Size And Drivers:

The global stem cell/cord blood banking market is expected to grow from $8.16 billion in 2020 to $8.61 billion in 2021 at a compound annual growth rate (CAGR) of 5.5%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The stem cell/cord blood banking global market is expected to reach $12.51 billion in 2025 at a CAGR of 9.8%. Increasing number of cancer patients is a major driver for the stem cell /cord blood banking market.

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Trends In The Global Stem Cell/Cord Blood Banking Market

Pairing of cord blood and tissue storage with genetic testing services is an emerging trend in the stem cell/cord blood banking market. Such pairing is possible and efficient because of its complimentary services to the existing clients, thereby helping in expanding their product portfolio. For example, genetic testing company Natera launched the Evercord cord blood and tissue storage service 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.

Global Stem Cell/Cord Blood Banking Market Segments:
The global stem cell/cord blood banking market is further segmented –
By Cell Type: Adult Stem Cells, Umbilical Cord Blood Stem Cells, Embryonic Stem Cells
By Service: Collection, Processing, Analysis, Storage
By Bank Type: Public, Private
By Application: Leukemia, Anemia, Thalassemia, Autism, Cerebral Palsy, Diabetes, Others
By Geography: The global stem cell/cord blood banking market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.

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Stem Cell/Cord Blood Banking Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides stem cell/cord blood banking market overviews, analyzes and forecasts market size and growth for the global stem cell/cord blood banking market, stem cell/cord blood banking market share, stem cell/cord blood banking market players, stem cell/cord blood banking market segments and geographies, stem cell/cord blood banking market’s leading competitors’ revenues, profiles and market shares. The stem cell/cord blood banking market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.