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Stem Cell Banking Market by Bank Type, Service, Application, Region - Forecast to 2021

Stem Cell Banking Market: Forecast until 2021

  • July 2017
  • 120 pages
  • ID: 3999056
In this report:
The global consumption of stem cells in other applications is expected to grow from ##,## units in 2016 to ##,## units by 2021, at a CAGR of ##.##% from 2016 to 2021.
The global consumption of stem cells in the application segment of the stem cell banking market is expected to grow from ##,## units in 2016 to ##,## units by 2021, at a CAGR of ##.##% from 2016 to 2021.

Summary

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The overall stem cell banking market is forecasted to reach ~$4.0B by 2021 from ~$1.6B in 2016, at a compound annual growth rate (CAGR) of 20.20 percent from 2016 to 2021. The storage services segment is forecasted to contribute the maximum share to the global market in 2016. Advancements in cord blood preservation and analysis in the field of stem cells for use as therapeutics are top factors fueling the increase of this market.

"Processing services to contribute biggest share in the stem cell biobanking market"

The processing services segment is estimated dominate the sector, by service type, in 2016 and the outlook period. North America (NA) is the main market for this industry segment. The big share of the storage services segment can be accredited to the high cost of the technology and equipment required for the processing of cord blood and cord tissue, in turn growing the per-year cost of maintenance of the sample units.

Earlier, semi-automated centrifuges, including AXP AutoXpress from Thermogenesis and Compomat from Fresenius Kabi were used to separate blood components. Nevertheless, corporations are now focusing on updating technology to deliver high-quality products. For example, Cordlife used Sepax, a fully automated closed system, in 2013, which has now become an industry standard succeeded by firms globally. In all the cases, the buffy coat is stored in single compartment cryobags.

"North America continent is the most important contributor to the overall stem cell banking market, while Asia Pacific (APAC) is the quickest-increasing market segment"

The U.S.A is the biggest segment of the North American market. This sector is attesting a shift in the preference from public to private banks. Parents are increasingly looking to storing their children's cord blood and tissue in private banks as a result of the possibility that samples in public banks may be given to other people for transplants or to research organizations. In the Asia-Pac, industry growth will be driven by the growing number of newborns and the low prices of storage services.

The stem cell biobanking market includes over 500 firms and banks across the world; this also serves to aid industry growth. These actors contain StemCyte, Cryo-Cell International, ViaCord, Cord Blood Registry, Smart Cells, Cryo-Save, Cryoviva, LifeCell, Cordlife, Cordvida, and China Cord Blood Corporation.

Reasons to Buy This Report:

From an insight prospect, this market research has emphasized several levels of analysis - industry, market share research of top players, supply chain research, and company descriptions, which together comprise and examine basic views on the competitive landscape; coming out and high-growth segments of the stem cell biobanking market; high-growth areas; and sector drivers, market restraints, and alternatives.

This study furnishes highlights on the following points:

• Market Uptake: Exhaustive data on umbilical cord blood and tissue processing and storage suggested by key players in the overall stem cell biobanking market.

• Product Development/Innovative products: In-depth understanding on the processing and storage of cord blood and cord tissue, and new developments in the stem cell biobanking market.

• Market Development: Highlighted information about lucrative emerging markets-the report examines the industries for stem cell biobanking across localities.

• industry diversification: Complete information about services provided by banking companies, untapped areas, recent evolutions, and applications of the overall stem cell biobanking market.

• opposing assessment: Detailed assessment of market shares, strategies, products, and manufacturing competences of key players in the overall stem cell biobanking market.

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