The Business Research Company’s global market reports provide comprehensive analysis on the various markets in 27 industries across 60 geographies.

According to The Business Research Company’s report, the worldwide stem cell/cord blood banking market will expand from $10.23 billion in 2022 to $11.15 billion in 2023, marking a 9.0% CAGR. The market’s size is projected to reach $16.36 billion in 2027, growing at a CAGR of 10.1%.

What was the major driver in the stem cell or cord blood banking market?
The increasing cancer patient population is a key stem cell/cord blood banking market driver. Cancers like leukemia and multiple myeloma benefit from stem cell transplants. These transplants may be autologous (from the patient) or allogeneic (from a matched donor). Stem cells aid in restoring blood-forming cells damaged by chemotherapy. In 2021, WebMD reported 10 million global cancer deaths, many of which could potentially benefit from stem cell transplants.

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What was the key trend in the stem cell or cord blood banking market?
Combining cord blood and tissue storage with genetic testing is a growing trend in stem cell/cord blood banking. It complements existing services, expands product offerings, and enhances client relationships. For instance, Natera’s Evercord service lets expectant parents collect, store, and access their newborn’s cord blood and tissue for medical purposes.

Which was the largest region in the stem cell or cord blood banking market?
North America was the largest region in the stem cell/cord blood banking market in 2022. Western Europe was the second largest region in the global stem cell/cord blood banking market analysis. The regions covered in the global stem cell/cord blood banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Who are the stem cell or cord blood banking market prominent players?
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.

Key stem cell or cord blood banking market segments
The global stem cell or cord blood banking market is segmented –
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, Other Applications

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The Stem Cell Or Cord Blood Banking Global Market Report 2023  provides a comprehensive overview on the stem cell or cord blood banking market size, trends and drivers, opportunities, strategies, and companies analysis. Through our reports businesses can effectively analyze data and frame well-informed strategies

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