Stem Cell Banking Market | Exactitude Consultancy Reports

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Stem Cell Banking Market Overview
The global stem cell banking market is projected to reach USD 19.29 billion by 2029 from USD 7.36 billion in 2020, at a CAGR of 13.69% from 2022 to 2029.

Stem cell banking refers to the process of collecting, preserving, and storing stem cells, which are immature cells that have the ability to differentiate into various specialized cell types. The purpose of stem cell banking is to ensure that these valuable cells can be used for future medical treatments, such as regenerative medicine and cell-based therapies. This is typically done by collecting stem cells from sources such as umbilical cord blood or bone marrow, and then cryopreserving them in a controlled environment. The stored stem cells can be thawed and used for future medical purposes, providing a source of healthy cells for treating a wide range of conditions and diseases.
Segment Analysis
The global stem cell banking market is segmented by source, service type, application, end-user, utilization, bank type, and region.

The stem cell banking market based on the source can be further segmented into Placental Stem Cell, Adipose-Tissue Derived Stem Cells, Bone Marrow-Derived Stem Cells, Human Embryo Derived Stem Cell, Dental Pulp Derived Stem Cells and Others. The placental stem cell segment stem cells held a dominant market share in year 2021. The significant increase in the number of placental and cord banks across major markets (particularly the US and Europe), as well as growing public awareness about the therapeutic potential of stem cell sources, can be attributed to the large share of this segment. In vivo, placental stem cell therapy has been shown to have anti-oxidant, anti-microbial, anti-inflammatory, pain reduction, hair growth promotion, health improvement, cellular proliferation, tissue regeneration, and wound healing properties.

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