Consumer demand creates 24% growth in stem cell banks
Transparency Market Research (TMR) have published results of a study on trends and growth within the private stem cell bank market.
Their findings are based on a 2018 forecast which shows an expected growth of over 24%, equating to 120 billion US dollars.
Public demand is the main factor behind this growth, together with Governments worldwide investing heavily in stem cell research. Also many countries have banned animal tissue in medical studies, which again has had an impact on the market.
The adult stem cell segment is central to the market, which includes stem cells harvested from teeth.
The report concludes that the positive growth directly is due to the growing popularity of private stem cell banks.
For information on banking your own cells please contact BioEden on 0208 4770 336.