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The stem cell/cord blood banking market is forecasted to achieve significant growth in the coming few years with a forecast CAGR (compound annual growth rate) of 9%, as per The Business Research Company’s market report!

Read More On The Stem Cell/Cord Blood Banking Market Report 2022 – https://www.thebusinessresearchcompany.com/report/stem-cell-cord-blood-banking-global-market-report

The Stem Cell/Cord Blood Banking Market Size In 2022 And Forecast

The global stem cell/cord blood banking market is expected to grow from $9.38 billion in 2021 to $10.23 billion in 2022 at a compound annual growth rate (CAGR) of 9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, surge in commodity prices, and supply chain disruptions, effecting many markets across the globe. The stem cell/cord blood banking market is expected to reach $14.44 billion in 2026 at a CAGR of 9%.

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 the regeneration of tissues or cells in the body.

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Increasing Number Of Cancer Patients Is Driving The Growth Of The Stem Cell/Cord Blood Banking Market

According to the American Cancer Society, in 2019, around 606,880 deaths were caused in USA due to prevalence of the cancer which can be treated by transplanting the stem cells.

Competitive Landscape And The Regional Analysis Of The Stem Cell/Cord Blood Banking Market

Major players in the stem cell/cord blood banking market are AMAG Pharmaceuticals, Cordlife, Cryo-Cell International, Esperite, Americord Registry LLC, China Cord Blood Corporation, Cordlife Group Limited, CordVida, ESPERITE N.V. and Cryo Stemcell.

The Stem Cell/Cord Blood Banking Global Market Report 2022  covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the stem cell/cord blood banking market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the stem cell/cord blood banking market.

Technological Advancement – A Key Trend In The 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.

Stem Cell/Cord Blood Banking Market Segmentation By The Business Research Company

1) By Cell Type: Adult Stem Cells, Umbilical Cord Blood Stem Cells, Embryonic Stem Cells

2) By Service: Collection, Processing, Analysis, Storage

3) By Bank Type: Public, Private

4) By Application: Leukemia, Anemia, Thalassemia, Autism, Cerebral Palsy, Diabetes, Others

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