Global Players Dominate the Market Holding ~50%, Despite the Presence of about ~100 Competitors Comprising Several Country-Niche Players and Regional Players, finds a recent market study on the Global Stem Cell Banking Market by Ken Research.
Stem cell banking is the process of obtaining valuable stem cells from the human body, then sorting and storing them for future use in stem cell therapies. Low temperatures are used in stem cell banks to maintain the biocompatibility of stem cells and protect them from contamination and degeneration. In addition, preservative procedures that are standardized and quality controlled are required for any stem cell bank to keep the cells alive for longer periods of time without losing their properties.
“Ken Research shares 3 key insights on the competitive landscape of this dynamic market from its latest research study”
Country-Niche Players Constitute ~45% of the Total Number of Competitors, While Regional Players Hold ~35% Share in Terms of the Total Number of Players in the Market.
A comprehensive competitive analysis conducted during the Research Study found that the Global Stem Cell Banking market is fairly competitive with ~100 players, including globally diversified players, regional players, and a large number of country-niche players with their niche in advancement in medical technology for multiple end-user industries. The majority of the top global biopharmaceutical companies, including CBR Systems, Inc., Cryo-Cell International, Inc., ViaCord, and Sartorius AG maintained their leading positions in the forecasted period. The majority of players are actively focusing on advancements in cell research, such as micromanipulators, laser capture microdissection (LCM), microfluids, magnetic-activated cell sorting (MACS), and fluorescence-activated cell sorting (FACS).
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Country-Niche Players’ and Organizations’ Ongoing Efforts to Provide Pharmaceutical Analytical and Bioanalytical Solutions to End-User Industries, Particularly Following the Global Outbreak of the Covid-19 Pandemic, are Driving Revenue Growth in This Market.
Detailed comparative analysis of key competitors available within the Research Study shows that numerous biotechnology, and pharmaceuticals companies such as Radiometer, Diasorin, Bio-Rad laboratories, and more are highly focused on providing a significant number of healthcare solutions and advanced techniques that can be used across end-user industries to help better understand processes of viral, bacterial, or parasitic infection and how the immune system is sometimes interfered with. Furthermore, numerous companies and organizations are aggressively investing in advanced computation, data analytics, and increased R&D activities.
Increasing Government Initiatives, and Strategies Aimed at Increasing the Number of High-Quality Cord-Blood Unites Available across Public Banks are supporting the Growth of Stem Cell Banking.
Previously, government-led investment and involvement in healthcare industry operations were relatively limited worldwide, with the industry relying primarily on private funding. However, in recent years governments conceded that the structure needed to be changed. Several governments across countries have begun to support stem cell banking by funding stem cell research technology.
- In August 2022, The Stem Cell Network (SCN), a Canadian non-profit organization, launched a new national research funding competition to support world-class, translational, regenerative medicine research across the research continuum, with the goal of improving Canadians’ health, social, and economic well-being.
- In April 2022, BC Children’s Hospital Foundation, a Canadian non-profit organization, announced the launch of new stem cell research technology at BC Children’s Hospital named “BC Children’s”, which for the first time, combines and automates all aspects of stem cell culturing into a single piece of equipment.
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Key Topics Covered in the Report
- Snapshot of the Global Stem Cell Banking Market
- Industry Value Chain and Ecosystem Analysis
- Market size and Segmentation of the Global Stem Cell Banking Market
- Historic Growth of the Overall Global Stem Cell Banking Market and Segments
- Competition Scenario of the Market and Key Developments of Competitors
- Porter’s 5 Forces Analysis of the Global Stem Cell Banking Industry
- Overview, Product Offerings, and Strengths & Weaknesses of Key Competitors
- Covid-19 Impact on the Overall Global Stem Cell Banking Market
- Future Market Forecast and Growth Rates of the Total Global Stem Cell Banking Market and by Segments
- Market Size of Source, Service Type, Application, Cell Type Segments with Historical CAGR and Future Forecasts
- Analysis of the Global Stem Cell Banking Market
- Major Production/Supply and Consumption/Demand Hubs within Each Region
- Major Country-wise Historic and Future Market Growth Rates of the Total Market and Segments
- Overview of Notable Emerging Competitor Companies within Each Region
Notable Key Players Mentioned in the Report
- CBR Systems, Inc.
- Cryo-Cell International, Inc.
- ViaCord
- Sartorius AG
- StemCyte, Inc.
- Smart Cells International Limited
- Global Cord Blood Corporation
- Vita 34
- LifeCell International Pvt. Ltd
- Cordlife Group Limited
Notable Emerging Companies Mentioned in the Report
- CyroHoldco
- Generate Life Sciences Inc.
- Hope Biosciences
- Cell Care
- ReeLabs Pvt. Ltd.
- BrainStorm Cell Therapeutics, Inc.
- CellSave a CSG-BIO Company, Inc.
- Bristol-Myers Squibb Company
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
Period Captured in the Report
- Historical Period: 2017-2021
- Forecast Period: 2022E-2028F
For more insights on the market intelligence, refer to the link below: –
Global Stem Cell Banking Market
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