Published on : Jul 06, 2015
Albany, New York June 26, 2015 –ResearchMoz has announced the addition of a new report to its repository, titled “The Market for Stem Cell Biobanking and Storage - Size, Segments, and Trends”. This is a comprehensive report that provides a 360-degree overview of the global stem cell biobanking and storage market. The report is compiled with the intent of providing valuable and meticulous information to stakeholders, executives, company management, and investors to make informed decisions about how to extract commercial opportunities from present and projected market dynamics.
Stem cells are identified as primitive cells that give riseto multicellular organisms. These cells exhibit the unique properties of self-renewal and have the capacity of transforming into various mature cell types. This differentiates them from other types of living cells, which can only give rise to other cells of the same type.
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Stem cells are a relatively new discovery in the healthcare industry, since it was first derived in 1981. However, it was not until 1995 that the culturing of stem cells from a non-human primate was carried out. According to the report, induced pluripotent stem cells were produced for the first time in 2006. Owing to such discoveries, it is now possible to derive stem cells at any point during the lifecycle.
Stem cell biobanks cryogenically store stem cells or other biological samples that contains stem cells for potential use in the future. The market for stem cell biobanking is also sometimes referred to as “stem cell storage market”, since it offers long-term storage facilities for stem cell samples. For the purpose of the study, the report uses both these terms synonymously.
The report provides an in-depth analysis on the competitive landscape of the stem cell biobanking and storage market. The studythus identifies the leading players in the market, evaluating them on the basis of their individual business model and relative market share.
The four leading players in the market identified in the report are Biostorage Technologies, Fisher Bioservices, Precision Bioservices, and EPL Archives. Among these key vendors, Precision Biosciences is a multinational company with operations across several European countries and the U.S. Since each of these companies enjoys a significant share in the market, the report delves into explore their business operations in detail. Apart from the aforementioned companies, the global stem cell biobanking and storage market also comprises business entities that exclusively specialize in stem cell storage.
In one of the landmark events identified in the report, Coriell Institute for Medical Research and Cellular Dynamics International announced receiving grants of several million dollarsfrom CIRM (California Institute for Regenerative Medicine) for establishing induced pluripotent stem cell lines for 3,000 donors, including both diseased and healthy participants.
Attaining competitiveness in the stem cell biobanking and storage market involves multiple complications. The report includes information, observation, and findings, logically interspersed with graphical presentations and relevant data and statistics to help companies unravelthe tricks of the trade that could help them achieve a sustainable market share.
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