(Companies: AMAG Pharmaceuticals, Cordlife, Cryo-Cell International, Esperite, and Americord Registry LLC)
The global stem cell/cord blood banking market was valued at about $6 billion in 2018.
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 that help in the regeneration of tissues or cells in the body. Stem cell therapy is designed to aid the physician in performing medical treatment of different types of cancers, neurodegenerative diseases, graft-versus-host disease, and heart diseases.
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The global stem cell/cord blood banking market is expected to grow to about $10 billion at a growth rate of about 11% through 2022. An increasing number of cancer patients is a major driver for the stem cell/cord blood banking market. Cancer diseases such as leukemia and multiple myeloma can be treated by stem cell transplant. By using stem cells in the treatment of cancer, the blood-forming stem cells which are damaged during chemotherapy can be restored. According to the National Cancer Institute, in 2018, around 609,640 deaths were caused due to prevalence of cancer which can be treated by transplanting the stem cells.
Lack of awareness especially among pregnant women is a major restraint for the stem cell/cord blood banking market. This is mainly because a majority of pregnant women are unaware of the functioning of the public cord blood banks.
The 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.
Major players in the market are AMAG Pharmaceuticals, Cordlife, Cryo-Cell International, Esperite, and Americord Registry LLC.
AMAG Pharmaceuticals, Inc. is an American pharmaceutical company developing products that treat iron deficiency anemia (IDA) in adult patients. The company is a publicly-traded company listed on NASDAQ under the symbol “AMAG”.
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Points from Table of Contents:
4. Stem Cell Cord Blood Banking Market Segmentation
4.1. Global Stem Cell Cord Blood Banking Market, Segmentation By Cell Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Adult Stem Cells
Umbilical Cord Blood Stem Cells
Embryonic Stem Cells
4.2. Global Stem Cell Cord Blood Banking Market, Segmentation By Service, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Collection
Processing
Analysis
Storage
4.3. Global Stem Cell Cord Blood Banking Market, Segmentation By Bank Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Public
Private
4.4. Global Stem Cell Cord Blood Banking Market, Segmentation By Application, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
Leukemia
Anemia
Thalassemia
Autism
Cerebral palsy
Diabetes
Others
5. Stem Cell Cord Blood Banking Market Regional And Country Analysis
5.1. Global Stem Cell Cord Blood Banking Market, Split By Region, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
5.2. Global Stem Cell Cord Blood Banking Market, Split By Country, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
6. Asia-Pacific Stem Cell Cord Blood Banking Market
6.1. Asia-Pacific Stem Cell Cord Blood Banking Market Overview
6.2. Asia-Pacific Stem Cell Cord Blood Banking Market, Segmentation By Cell Type, Historic and Forecast, 2014-2018, 2022F, 2025F, 2030F, $ Billion
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