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Stem Cell Banking Market is estimated to reach USD 24.27 billion by 2032 with a CAGR of 15.82%. The process of removing priceless stem cells from the body, processing them, and storing them in preparation for potential use in stem cell therapies is known as stem cell banking. Low temperatures are used in stem cell banks to retain the biological qualities of the stem cells and guard against degeneration and contamination. Any stem cell bank that intends to keep cells for longer periods of time without losing their quality must adhere to standardised, quality-controlled preservation procedures.
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