Stem Cell Banking Market is estimated to be US$ 21.67 billion by 2030 with a CAGR of 7.50% during the forecast period prophecymarketinsights.com

Global Stem Cell Banking Market accounted for US$ 10.54 billion in 2020 and is estimated to be US$ 21.67 billion by 2030 and is anticipated to register a CAGR of 7.50%. Stem cells are highly specialized body cells that serve as the body's foundation cells for organs and tissues. The only way to collect and store these stem cells, which can be used to cure a variety of ailments, is through the birth of a child. The stem cells have the ability to self-repair or renew. Stem cells are also known as immune system and blood building blocks since they aid in the repair of tissues, organs, and blood vessels. Sickle cell disease, leukemia, multiple myeloma, lymph proliferative diseases, and SCID have all been treated with stem cells found in umbilical cord blood.