Published Date : Jun 27, 2016
ALBANY, NY, June 27, 2016: The U.S. stem cell banking market is the focus of reports of a market research report recently added to the comprehensive database of MarketResearchReports.biz. The report gives thorough insights into the present state of the market and forecasts about the potential growth prospects of the market and its numerous segments. The report is titled “United States Stem Cell Banking Industry 2016 Market Research Report.”
Among the plethora of things that expectant parent do to ensure the safety of newborn babies or unborn babies, the procedure of stem cell banking is one that is gaining increased attention across the globe. Stem cell banking involves taking blood from the umbilical cord of the baby at the time of birth and storing it in a blood bank for a fee. As this blood is rich in stem cells, the cells that are capable of transforming into any human cell, it can be possibly used someday as a treatment in case the child suffers from chronic disease in the future. The blood can also be used in the treatment of a sick sibling or relatives. In essence, banking stem cells is a way of preserving cells that can turn out to be life-saving in the future of an individual.
Blood banks argue that the procedure is a kind of insurance in case children even get sick. However, many medical bodies have expressed concerns regarding the actual need or the actual value of such a practice. The American College of Obstetricians and Gynecologists and the American Academy of Pediatrics are of the opinion that the potential benefits of stem cell banking are too remote to justify the highly expensive process.
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The report examines the impact of such and other influences on U.S. parents’ decision of banking stem cells of their children. The report examines the key drivers, challenges, and trends that are impacting the overall growth prospects of the U.S. stem cell banking market.
The report covers qualitative and quantitative details pertaining to the crucial segments of the market. An overview of the regulatory scenario governing the practice is also given in the report. The impact of the various regulatory factors at play in deciding the future growth prospects of the market is analyzed at length in the report.
The 131-page document also presents a thorough overview of the competitive landscape of the U.S stem cell banking market. The report includes detailed business profiles, data regarding recent developments, SWOT reports, finance- and revenue-related details, and other crucial market data for some of the major companies operating in the U.S. stem cell banking market.
Some of the market’s most influential vendors profiled in the report are NeoStem, Esperite, StemCyte, Smart Cells International, Arteriocyte, Aldagen, Capricor, Brainstorm Cell Therapeutics, and ViaCord.
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