New York, Sept. 22, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Stem Cell Manufacturing Market – Growth, Trends, and Forecast (2020 – 2025)” – https://www.reportlinker.com/p05974136/?utm_source=GNW
According to California Institute for Regenerative Medicine, for the millions of people around the world who suffer from incurable diseases and injury, Stem Cell Awareness Day, October 11th is a day to celebrate the scientific advances made to-date. Research and academic institutions and educators are encouraged to participate by hosting public talks and other activities and events in their community. Furthermore, the growing growing public-private investments and funding in stem cell-based research is boosting the market growth. However, the gaining popularity of alternative procedures is the major drawback of market growth.
Key Market Trends
Stem Cell Banking Segment is the Fastest Growing Segment in the Stem Cell Manufacturing Market.
Stem cell bank is a provision that stores stem cells developed from amniotic fluid for future use. Stem cell samples in private banks are stored specifically for use by the individual person from whom such cells have been collected and the banking costs are paid the person. The sample can later be recovered only by that individual and for the use by such individual or, in many cases, by her or his first-degree blood relatives.
The major factor driving the growth of the segment is the increasing public demand for cord blood stem cell banking and rising awareness regarding the prospective advantages of stem cell preservation.