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The stem cell banking market size is forecast to increase by USD 8.23 billion at a CAGR of 11.65% between 2023 and 2028. The market is witnessing significant growth due to the increasing prevalence of chronic diseases such as leukemia, neurodegenerative conditions, and cardiovascular diseases. The advancements in stem cell research have led to the development of personalized medicine, enabling healthcare providers to offer effective treatments for various conditions. The cryogenic freezing of adult tissues, including somatic cells derived from peripheral blood, has become a popular method for storing stem cells for future use. However, challenges such as immune rejection and high operating costs associated with storing and processing stem cells remain. The aging population and clinical trials for cancer, diabetes, and other diseases are driving the demand for stem cell banking.
In addition, federal investment in stem cell therapy continues to increase, providing further impetus to the market's growth. This market analysis report delves into these trends and challenges, offering insights into the future direction of the stem cell banking industry.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product Type
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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