Stem Cell Banking Market is Estimated to Witness Significant Growth

The global stem cell banking market primarily consists of umbilical cord blood and adult stem cells. Stem cells have the potential to divide and renew themselves for long durations and heal damaged tissues in the body. Umbilical cord blood stem cells are preferred for diseases such as blood cancers, blood disorders, and metabolic diseases. Adult stem cells are used to treat orthopedic and musculoskeletal conditions and injuries. The rising prevalence of chronic diseases and genetic disorders has created a huge demand for stem cell therapeutics, thereby driving the growth of the stem cell banking industry.

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