Global Stem Cell Banking Market Outlook to 2028: Ken Research
1. Cooperation Fuels Growth in Europe’s Stem Cell Banking Market: Collaborative Efforts between Stem Cell Banks and Maternity Clinics for Vital Stem Cell Acquisition.
The European stem cell banks are broadening their service offerings through a merger, which now involves producing advanced therapy medicinal products using mesenchymal stem cells. These products are utilized for experimental treatment in specialized medical institutions and for developing their own Cell & Gene Therapies.
The utilization of private storage has undergone a notable shift, moving away from treating diseases related to the blood and immune system and toward the realm of regenerative medicine.
The demand for stem cell banking is increasing because of the strong collaboration between maternity clinics and gynecologists, allowing for the collection of the freshest and most crucial stem cells right after childbirth.
Numerous companies in the area are actively working to stimulate the growth of the market. One example is Vita34, which partners with multiple maternity facilities in Europe. They consistently train their clinic staff to professionally collect umbilical cord blood and tissue, along with other relevant responsibilities, following the relevant national regulations.
Also, Check Market Sizing of Global Stem Cell Banking Market
2. UAE Government Eases Regulations to Attract Foreign Investment and Enhance Healthcare Standards in LAMEA Stem Cell Banking Market.
The UAE is actively working towards establishing the first Stem Cells Bank in the MENA region, positioning the country as a hub for stem cell tourism.
In the region, several hospital construction projects are underway, with the Dubai Health Authority leading efforts to integrate medical technology into the development of smart cities.
To attract foreign investment and improve healthcare standards, the UAE government is implementing regulatory relaxations. Notably, the government has allocated a significant portion, 8.4% of its total budget, to healthcare for the period of 2022-2028.
3. Emerging Trends in the Global Stem Cell Banking Market: AI Applications, Modernization of Storage, Growing Approvals, and Start-up Surge.
AI plays a crucial role in various aspects of stem cell research, including understanding cell behavior, identifying cell types, characterizing cells through mathematical models, and predicting transplantation risks.
Advancements in storage technology, such as the transition to multi-compartment storage bags, enhance flexibility and viability. The BioArchive® System, a fully automated storage and retrieval system, revolutionizes cryopreservation of valuable cell samples.
The FDA continues to expand its list of approved stem cell therapies and associated diseases based on positive clinical trial outcomes. Currently, FDA-approved stem cell products primarily target blood-related disorders.
Notable startups in the market, like Mogrify, Aspen Neuroscience, and Cellino Bio, have secured substantial funding for their promising ventures.
Major Players Mentioned in the Report:
- CBR Systems
- CryoCell
- ViaCord
- Stemcyte Inc,
- Sartorius
- Smart Cells International Ltd.
- VITA 34
- Global Cord Blood Corporation
- Life Cell
- Cord Life
Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:
- Stem Cell Banking Companies
- Biopharmaceuticals Companies
- Cord Blood Banks
- Machinery and Equipment Suppliers for Stem Cell Banking
- Cryogenic Healthcare Equipment Manufacturers
- Biotechnology – Therapeutics and Diagnostics Companies
- Pharmaceutical Companies
- World Marrow Donor Association
- Cord Blood Association
- The International Stem Cell Banking Initiative (ISCBI) – PubMed
- Healthcare Research Institutes
- Healthcare Technology Research Institutes
- Healthcare Technology Regulatory Authorities
- Government Ministries and Departments of Healthcare
Time Period Captured in the Report:
- Historical Period: 2017-2022
- Base Year: 2022
- Forecast Period: 2022-2028
For more insights on market intelligence, refer to the link below: –
Global Stem Cell Banking Industry
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