Stem Cell Banking Market Size, Share, Growth, & Forecast Report 2032

Stem Cell Banking Market: Industry Perspective

The global stem cell banking market size was worth around USD 10.65 billion in 2023 and is predicted to grow to around USD 21.47 billion by 2032 with a compound annual growth rate (CAGR) of roughly 8.1% between 2024 and 2032.

The report analyzes the global stem cell banking market's drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the stem cell banking industry.

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Stem Cell Banking Market: Overview

Stem cells are cells that can differentiate themselves into different cells of varied organs and tissues. The stem cell banking process involves the storage of different kinds of stem cells for clinical and research applications. Stem cells are classified into embryonic stem cells and adult stem cells. Embryonic stem cells are obtained from the embryo, whereas adult stem cells can be obtained at any stage of an individual’s life.

According to the World Health Organization, cancer is the second most leading cause of worldwide deaths. The growing prevalence of cancer worldwide is fueling the research activities for the treatment of cancer. As per the National Cancer Institute, about 1,700,000 new cancer cases were diagnosed in the U.S. and approximately 600,000 deaths occurred from cancer in the U.S. in 2018. The growing prevalence of chronic diseases, such as cancer, increasing number of research activities that use of stem cells in therapeutics, rising number of government initiatives, and augmenting number of stem cell banks are some major factors fueling the growth of the global stem cell banking market. However, the high cost required for the preservation of stem cells may hamper the growth of the stem cell banking market globally.

Stem Cell Banking Market: Segmentation

The study provides a decisive view of the stem cell banking market by segmenting it on the basis of source, application, service type, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032. 

The stem cell banking market is divided on the basis of application into clinical (hematopoietic disorders, autoimmune disorders, and others), personalized banking, and research (life science research, disease treatment studies, and drug discovery).

Based on source, the market is fragmented into BMSCs (bone marrow), PSCs (placental), ADSCs (adipose tissue), hESCs (human embryo), and others. PSCs are projected to dominate the market in the future, owing to the growing establishment of placental and cord stem cells banks in North America and Europe.

Based on service type, the stem cell banking market includes sample processing, sample collection and transportation, sample preservation and storage, and sample analysis.

Stem Cell Banking Market: Report Scope

Stem Cell Banking Market: Regional Analysis

The North American stem cell banking market dominated the globally in 2023, owing to the early introduction of highly developed equipment for research activities, the presence of highly skilled workforce, and an increase in the number of projects that use stem cell for treating chronic diseases. Asia Pacific is anticipated to show the highest year-to-year growth in the upcoming years in the global stem cell banking market, due to the rising investments made by government and renowned companies for R&D, growing awareness about the benefits of stem cells, and technological advancements related to research and development.

Stem Cell Banking Market: Competitive Analysis

Some of the major players in the global stem cell banking market include:

• Cord Blood Registry (CBR) Systems
• Cordlife Group Limited
• Cryo-Cell International
• ViaCord
• Cryo-Save
• LifeCell International
• StemCyte
• Global Cord Blood Corporation
• Vita34
• Smart Cells International
• CryoHoldco

The global stem cell banking market is segmented as follows;

Global Stem Cell Banking Market: Source Analysis

• Placental Stem Cells (PSCs)
• Human Embryo-Derived Stem Cells (hESCs)
• Bone Marrow-Derived Stem Cells (BMSCs)
• Adipose Tissue-Derived Stem Cells (ADSCs)
• Others

Global Stem Cell Banking Market: Application Analysis

• Personalized Banking
• Clinical
  • Hematopoietic Disorders
  • Autoimmune Disorders
  • Others
• Research
  • Disease Treatment Studies
  • Life Science Research
  • Drug Discovery

Global Stem Cell Banking Market: Service Type Analysis

• Sample Collection and Transportation
• Sample Processing
• Sample Analysis
• Sample Preservation and Storage

Global Stem Cell Banking Market: Regional Analysis

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa