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Wed July 20th, 2016
Stem Cell Banking A Boooming Industry Growing at a CAGR of 20.2% From 2016 To 2021 know what drives the market
The global stem cell banking market is expected to reach USD 3.96 Billion by 2021 from USD 1.58 Billion in 2016, at a CAGR of 20.2% from 2016 to 2021. Now get a Sample Copy Of This Report at Increasing awareness regarding the storage of cord blood and tissue stem cells, high growth potential of emerging economies, and increasing use of stem cells in the field of therapeutics have opened an array of opportunities for the growth of the market in the coming years. The global stem cell banking market is classified on the basis of type into cord blood and cord blood & cord tissue. On the basis of services, the market is segmented into collection & transportation, processing, analysis, and storage. The major applications of stem cell banking include cerebral palsy, leukemia, thalassemia, anemia, autism, diabetes, and others. Among these applications, stem cells are mainly used for the treatment of cerebral palsy. The storage services segment is estimated to command the largest share in 2016 and the forecast period. North America is the major market for this segment. The high share of the storage services segment can be attributed to the high cost of the equipment required for the storage of cord blood and cord tissue, in turn increasing the per-year cost of maintenance of the sample units. Inquire before Buying ( Ask Your Quries ) @

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