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The global smart home healthcare market is predicted to grow at 33.0% CAGR during the forecast period with the market size reaching USD 35.6 billion by 2024. Different technologies such as wireless communication, a cellular network, and others as are majorly contributing to the smart home healthcare market size. The market has witnessed significant demand for the cellular network over the last few years due to its easy approachability by consumers and easiness of usage.
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Global Stem Cell Banking Market Industries Overview The global stem cell banking market is growing at a CAGR of 9.1% during the forecast period reaching USD 10.5 billion by 2024, due to the development of novel technologies of storage, preservation and processing. Stem cell banking is the method of accumulating cord blood, extorting and cryogenically freezing its stem cells for forthcoming use. Cord blood stem cells are used for treating blood diseases such as sickle cell disease, leukemia and thalassemia. The global stem cell banking market is growing at significant rate due to development of novel technologies of storage, preservation and processing. The market has witnessed high demand for placenta stem cells over the last few years, due to the increasing public awareness regarding the therapeutic prospective of stem cells.
Global Stem Cell Banking Market Growth Drivers The stem cell banking market has also been segmented by application into personalized banking application, research application and, clinical application. The personalized banking contributed the largest share in the market due to growing prevalence of blood and immune system-related disorders, advantages of personalized banking over the community and public banking, exceptional pricing of service plans charged by service providers, growing adoption of precision medicine across developed countries, and increasing public concerns regarding the clinical abuse of stored stem cell samples. Explore Full Report Description at: https://www.vynzresearch.com/healthcare/stem-cell-banking-market
Global Stem Cell Banking Market Geographic Overview Asia-Pacific is observed to witness fastest growth in the market. As the region comprises of largest population and the awareness for stem cell banking is increasing rapidly among them. In addition, increasing awareness on the therapeutic potential of stem cells, improving healthcare infrastructure are also creating a positive impact on the stem cell banking market growth in the region.
Global Stem Cell Banking Market Competitive Insight Cord Blood Registry Systems, Cordlife Group Limited, Cryo-Cell International, Cryo-Save AG, LifeCell International, StemCyte, ViaCord, Global Cord Blood, Smart Cells International, Vita34, and CryoHoldco are some of the key players offering products.
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