USD 7.37 Billion
Stem Cell Banking Market Size, Share, Growth Analysis, By Cell Type (Umbilical Cord Stem Cells, Adult Stem Cells), By Bank Type (Private, Public), By Service Type (Collection & Transportation, Processing), By Region -Industry Forecast 2024-2031
Report ID:
SQMIG35H2258 |
Region:
Global |
Published Date: September, 2024
Pages:
188
|Tables:
0
|Figures:
0
Stem Cell Banking Market Insights
Global Stem Cell Banking Market size was valued at USD 7.37 Billion in 2022 and is poised to grow from USD 8.23 Billion in 2023 to USD 19.87 Billion by 2031, growing at a CAGR of 11.65% in the forecast period (2024-2031).
In recent times, the demand for stem cell banking market is increasing rapidly because of the growing advancement of cryopreservation and cell bank preparation processes. Furthermore, the rising popularity of monoclonal antibodies with efficient biopharmaceuticals and increasing adoption of stem cell therapy is also fueling the market's growth. Continuous stem cell-based research and development, particularly in hematopoietic stem cell transplantations is showing immense opportunities for neurodegenerative and cardiovascular conditions. Furthermore, tissue banks and biobanks are also playing a vital part in storing adult tissues and stem cells. Both cells are used for various clinical applications. Cryogenically freezing helps to freeze the stem cells for a long span of time so that it can be used for future therapies. Latest progression in regenerative medicine like IPS cells, these can be used for diseases that were considered untreatable earlier. These factors and benefits of stem cell banking are propelling the growth of the market. Moreover, the increasing trend of late parenthood as more couples prefer to have children later has increased interest in umbilical cord blood banking. Parents understand the value of protecting their infants' cord blood stem cells as biological insurance. This is massively driving the growth of stem cell banking market.
Market Snapshot - (2024-2031)
Global Market Size
Largest Segment
Umbilical Cord Stem Cell
Fastest Growth
Adult Stem Cell
Growth Rate
11.65% CAGR
Global Stem Cell Banking Market ($ Bn)
Country Share for North America Region (%)
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Stem Cell Banking Market Segmental Analysis
The Global Stem Cell Banking Market is segmented into Cell Type, Service Type, Bank Type and Region. Based on Cell Type, the market is segmented into Umbilical Cord Stem Cell, Adult Stem Cell, and Embryonic Stem Cell. Based on Service Type, the market is segmented into Collection & Transportation, Processing, Analysis, and Storage. Based on Bank Type, the market is divided into Public and Private. By Region, the market is segmented into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America.
Analysis by Class
Based on cell type, the market is segmented into umbilical cord stem cells, adult stem cells, and embryonic stem cells. The umbilical cord stem cell is dominating the stem cell banking market with the largest market share. The procedure of banking umbilical stem cells involves collecting, preparing, and storing the stem cells. These cells have been collected from the blood and tissue of the umbilical cord. These stem cells can develop into numerous kinds of cell, and they can be possibly utilized in the treatment of a broad range of diseases. These advantages of stem cells have made them extremely vital in the medical sector. Furthermore, government facilities are also taking initiatives by offering private education programs to increase awareness among parents about the potential health benefits of preserving umbilical cord blood. The necessity for stem cell banking services is growing due to the constant research and development in regenerative medicine, which is widening the therapeutic applications of stem cells.
The adult stem cell segment is witnessing the fastest growth in the stem cell banking market. This growth is mainly due to the potential medical uses and simplicity of gathering in comparison with embryonic stem cells. Such benefits of the cells are increasing its popularity, and its demand will continue to grow. The adult stem cells massively researched and banked consist of Mesenchymal stem cells (MSCs) from adipose tissue, bone marrow, and adult stem cells. The hematopoietic stem cells (HSCs) extracted from bone marrow and other surrounding blood also comes under adult stem cells. Many companies and public facilities have started funding adult stem cell banking due to its potential for creating individualized medicines utilizing a person’s stem cells. However, there are strict regulations for stem cell therapies that can slow down the process of commercialization.
Analysis by Bank Type
Based on bank type, the market is segmented into private and public banks. The private bank segment is dominating the stem cell banking market. The commercial companies are called private stem cell banks. The procedure consists of analyzing the processing prices, yearly storage fees, and initial collection. The gathering, processing, and extensive storage time of stem cells are all subjected to fees at these facilities. The preserved umbilical cord tissue-derived stem cells can also be utilized in regenerative medicine. The storage of menstrual blood stem cell gathering is a comparatively new service with the potential for future therapies. The procedure consists of analyzing the processing prices, yearly storge fees, and initial collection. Today, many families now will get more personalized medical options due to the private stem cell banks, increasing their demand.
The public bank segment is witnessing the fastest growth in the stem cell banking market. In the stem cell banking market, public banks are substantial to the distribution, preservation, and procurement of stem cells so that any person ca use them. The public stem cells collect and retain stem cells that have been offered by people. In most cases the donor does not have to pay any more, compared to the private stem cell banks where they preserve stem cell for personal or family usage frequently at high expenses. Any person which requires a stem cell transplant can get access to these donations with the help of national and global registries. Patients from all over the world can utilize public stem cell banks. These public banks can be an extremely valuable resource for patients who require stem cell transplant for treating health problems such as leukemia or lymphoma.
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Stem Cell Banking Market Regional Insights
Based on region, North America is dominating the stem cell banking market with the largest share. The market of North America for stem cell banking holds a massive portion of the medical and biotechnology industry. This region is one of the biggest markets for stem cell banking, particularly in United States and Canada. The rising prevalence of chronic diseases and increasing awareness of the possible advantages of stem cell therapies have increased the market's growth. As stem cells are a type of biological insurance, many families are trying to collect stem cells from the umbilical cord blood and tissues doing birth. It is expected that future medical advancements can benefit their offspring and family members.
Europe is also witnessing the fastest growth in the stem cell banking market. The stem cell banking market in Europe is constantly increasing due to the rising investment in R&D and the growing requirement for customized therapies. The market leaders from UK, France, Spain, Germany, and France are continuously striving to advance stem cell therapies with the help of research and development. Furthermore, technological advancement such as cryopreservation processes and automated storage systems have augmented the efficiency and sustainability of stem cell services in Europe. These advancements have helped in the expansion of the market. The bank-stored stem cells are utilized in several therapeutic environments for treating immune system deficiency, blood diseases, and some types of malignancies. These factors have increased the growth of the market in the region.
Global Stem Cell Banking Market Market By Geography
- Largest
- Fastest
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Stem Cell Banking Market Dynamics
Drivers
Increasing Focus on Adult Stem Cell Therapy
- In recent times, the stem cell market is moving towards adult stem cells, especially the ones that are manufactured from bone marrow or adipose tissue. These cells offer easy accessibility and ethically acceptable substitute to embryonic stem cells. Furthermore, advancements in minimally invasive gathering processes like utilizing a needle for extracting bone marrow, are improving the patient experience and increase popularity of stem cell banking.
Emergence of Direct-to-Consumer Banking Models
- The rising popularity for D2C procedure is influencing the stem cell banking center. These methods allow customers to easily interact with the banks directly and offer a simpler process. These D2C organizations mostly utilize online platforms for educating people and smoothening the banking processes. This solution is increasing the popularity of stem cell banking among common people as they get to know more about its benefits.
Restraints
Constantly Changing Regulatory Settings
- The regulatory settings for stem cell research and banking are continuously shifting. Government facilities are implying strict rules required to ensure the safety and ethical structure. But understanding these complex regulatory structures can be extremely challenging for stem cell banking companies. Continuous regulatory transformation or uncertainties can negatively influence the growth of the market. This also forces the market players to constantly adapt with these changes.
Uncertainties Related to Availability of Stem Cells and Functionality
- It can be a complicated procedure to preserve stem cells in cryogenic storage for a long time. There is a constant unreliability about the long-term survival and benefits of the banked stem cells. Researchers are continuously striving to enhance the preservation methods and maintain the integrity of the stem cells for using them therapeutic application.
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Stem Cell Banking Market Competitive Landscape
The key companies are strengthening the growth of the market with a multifaceted method. These companies are investing massively in advanced research and development, boosting advancement in stem cell preservation and analysis methods. They are continuously improving the quality and availability of stored stem cells, by incorporating confidence in their clients and medical sector. These businesses are also focusing on collaboration with research facilities, pharmaceutical firms, and medical providers. These collaborative initiatives are also increasing advancements of the cell-based therapies, extending their applications and increasing the demand for banking services.
Top Player’s Company Profile
- AMS Biotechnology Europe Ltd.
- CellSave Arabia FZ LLC
- CordVida
- Cryo Cell International Inc.
- Cryo Stemcell
- Cryoviva Biotech Pvt. Ltd.
- FUJIFILM Corp.
- Global Cord Blood Corp.
- Kids Clinic India Pvt. Ltd.
- LifeCell International Pvt. Ltd.
- MEDIPOST Co. Ltd.
- New England Cord Blood Bank Inc.
- PerkinElmer Inc.
- Plus Therapeutics Inc.
- ReeLabs Pvt. Ltd.
- Regenerative Medical Services Pvt. Ltd.
Recent Developments
- In February 2023, Cordlife Group Limited, made an announcement about the launch of their peripheral blood stem cell processing and storage services. It will extend their banking services.
- In March 2023, Sinfonica and UK Stem Cell Bank collaborated. The objectives were to analyze CellQualia Intelligent Cell Processing System in the NIBSC lab.
- In May 2024, Abu Dhabi Biobank opened, launching the area’s biggest hybrid cord blood bank.
Stem Cell Banking Key Market Trends
- Increasing Expansion Hematopoietic Stem Cell Transplantation: HSCT is a popular treatment utilized for blood malignancies and some genetic illnesses also uses stem cells. These growing success rates and increasing HSCT operations usage directly influence the stem cell banking sector. With the increasing usage of HSCT, the demand for easily available stem cell sources either from personal bank or registries is also growing rapidly.
- Increasing Prevalence of Chronic Diseases: The increasing global burden of chronic diseases like cancer, diabetes, and heart diseases is developing a significant demand for new advanced treatment substitutes. Stem cell therapies are showing immense possibilities for treating and curing some of these chronic diseases. This is increasing the demand for easily accessible stem cell sources with the help of banking.
Stem Cell Banking Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, the global stem cell banking market is experiencing substantial growth owing to the rising demand for regenerative medicine and cell therapy treatments. The stem cell banking plays a vital part in the market, offering important services for the gathering, processing, and storage of stem cells. The utilization of innovative technologies like cryopreservation and bioreactors allows stem cell banks to maintain the potential of stem cells for expanded periods. These factors are increasing the demand for stem cells leading to the growth of the market.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 7.37 Billion |
| Market size value in 2031 | USD 19.87 Billion |
| Growth Rate | 11.65% |
| Base year | 2023 |
| Forecast period | (2024-2031) |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Stem Cell Banking Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Stem Cell Banking Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Stem Cell Banking Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Stem Cell Banking Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Stem Cell Banking Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Stem Cell Banking Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Stem Cell Banking Market Report Snapshots
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