The global stem cell banking market size reached USD 5.78 billion in 2023 and is predicted to surpass around USD 24.68 billion by 2033, expanding at a CAGR of 15.63% from 2024 to 2033.
Key Points
- The North America stem cell banking market size reached USD 2.02 billion in 2023 and is expected to attain around USD 8.76 billion by 2033, poised to grow at a CAGR of 15.80% between 2024 and 2033.
- North America registered the largest revenue share in 2023.
- By utilization, the unused segment dominated the market in 2023 and is expected to grow at a rapid pace during the forecast period.
- By utilization, the used segment will grow at the fastest rate in the market over the forecast period.
- By cell type, the umbilical cord stem cell segment held the largest share of the market in 2023.
- By cell type, the adult stem cell segment will grow at the fastest rate in the market over the forecast period.
- By service type, in 2023, the storage segment held the largest share of the market.
- By service type, the processing segment will grow at the fastest rate in the market over the forecast period.
- By bank, the private bank segment dominated the global market in 2023.
- By bank, the public bank segment is anticipated to show the fastest growth in the market over the foreseeable period.
The RNA therapy clinical trials market is focused on the development and evaluation of therapeutic interventions utilizing RNA-based technologies. These trials aim to assess the efficacy and safety of RNA-based therapies in treating various diseases, including cancer, genetic disorders, and infectious diseases. RNA therapies include mRNA, siRNA, antisense RNA, and other emerging RNA-based modalities, which are designed to target specific genetic sequences or gene expression pathways.
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Growth Factors
The growth of the RNA therapy clinical trials market is driven by advancements in RNA delivery technologies, increasing understanding of RNA biology, and the potential of RNA therapies to address previously unmet medical needs. The rise in funding for RNA-based research and development, along with supportive regulatory environments facilitating clinical trials, further fuels market expansion. Additionally, collaborations between pharmaceutical companies, academic institutions, and biotechnology firms accelerate innovation and trial initiation.
Region Insights:
North America and Europe lead in RNA therapy clinical trials, supported by robust research infrastructure, substantial investments in biotechnology, and a favorable regulatory landscape. Asia-Pacific shows significant growth potential due to increasing healthcare expenditure, rising prevalence of chronic diseases, and expanding clinical trial capabilities in countries like China, India, and Japan.
Stem Cell Banking Market Scope
| Report Coverage | Details |
| Market Size by 2033 | USD 24.68 Billion |
| Market Size in 2023 | USD 5.78 Billion |
| Market Size in 2024 | USD 6.68 Billion |
| Market Growth Rate from 2024 to 2033 | CAGR of 15.63% |
| Largest Market | North America |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | Service Type, Utilization, Cell Type, Bank Type, and Regions |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Stem Cell Banking Market Dynamics
Drivers:
Key drivers of the RNA therapy clinical trials market include the potential of RNA therapies to provide targeted treatments with fewer side effects compared to traditional therapies. Additionally, the increasing prevalence of genetic disorders and cancers, coupled with advancements in personalized medicine, create opportunities for RNA-based interventions. Moreover, the ability of RNA therapies to modulate gene expression offers new avenues for treating previously challenging diseases.
Opportunities:
Opportunities in the RNA therapy clinical trials market include expanding applications beyond oncology to include rare diseases, infectious diseases, and neurological disorders. Furthermore, innovations in RNA delivery systems and nanoparticle technologies enhance the efficacy and safety profiles of RNA therapies, opening new therapeutic avenues. Collaborations between academia, industry, and regulatory bodies to streamline clinical trial processes also present growth opportunities.
Challenges:
Challenges in the RNA therapy clinical trials market include overcoming delivery barriers, ensuring sufficient RNA stability, and managing potential off-target effects. Regulatory complexities associated with RNA-based therapies, including approval pathways and safety assessments, pose additional challenges. Moreover, the high costs of RNA therapy development and manufacturing, along with reimbursement uncertainties, may hinder market growth and adoption.
Read Also: RNA Therapy Clinical Trials Market Size, Trends, Report by 2033
Stem Cell Banking Market Companies
- Cordlife
- Cryo-Save AG
- Stemcyte
- Smart Cells International Ltd.
- Cordvida
- CBR Systems Inc.
- Lifecell
- Cryoviva India
- Cryo-Cell
- Viacord
Recent Developments
- In September 2023, the leading fertility and women’s health company CooperSurgical revealed that Cord Blood Registry® (CBR®) will play a major part in the next Cord Blood Connect meeting, which is the annual meeting of the Cord Blood Association and takes place from September 8–11.
- In May 2024, the Abu Dhabi Biobank opened, revealing the area’s largest hybrid cord blood bank. This ground-breaking project and strategic priority aims to transform healthcare in the area.
Segment Covered in the Report
By Service Type
- Collection & Transportation
- Processing
- Analysis
- Storage
By Utilization
- Used
- Unused
By Cell Type
- Umbilical Cord Stem Cell
- Adult Stem Cell
- Embryonic Stem Cell
By Bank Type
- Public
- Private
By Geography
- North America
- Asia Pacific
- Europe
- Latin America
- Middle East & Africa
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