Stem cells are unspecialized cells that can develop into different types of cells which can be of same or different at the earlier stages of life and therapies helps to prevent diseases like bone marrow transplantation. Stemcell bank is a storage unit of stem cells for later use to preserve them at a temperature below their freezing point; this method is known as cryopreservation.
Asia Pacific Stemcell Services Market Segments Size & Growth:
The Asia Pacific, stemcell services market, is accounted for $ XX billion in 2017 and expected to grow at a CAGR of XX% to reach $XX billion by 2024 during the forecast period 2018-2024. Major factors that are driving the market are increasing demand for stem cell treatment, the rise in diseased population, and advancement in research. However, complications and cost hinder the growth of the Asia Pacific stemcell services market.
Asia Pacific Stemcell Services Market Segments Share:
Asia Pacific Stemcell services market is categorised into by service type which consists of cryopreservation, stemcell acquisition and testing, and stem cell banking. Cryopreservation has the most significant share as they can store samples below the freezing point and helps in future usage.
By Geography, China is dominating the stemcell services market, and the growth in the Asia Pacific is mainly attributed because of the increasing demand for stem cell treatment and research on human tissues. Furthermore, India is witnessing the fastest growth during the forecast period, due to rising ageing population, diseases and investment in stem cell research.
Asia Pacific Stemcell Services Market Segments Trends:
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