Stem Cell Banking Market Size

Stem Cell Banking Market size was over USD 11.9 billion in 2024 and is poised to reach USD 48.38 billion by the end of 2037, growing at around 11.3% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of stem cell banking is assessed at USD 12.99 billion.

The growth of the market can be attributed to growing investment in stem cell research by number of nations owing to stem cell capacity to completely transform the way diseases are treated in people. The Novo Nordisk Foundation was anticipated to contribute up to USD 340 million over ten years to the creation of a worldwide stem cell research facility in 2022. Moreover, stem cell is a complex and continuous to conduct research on. Therefore, this factor is also anticipated to boost the investment on stem cell research.

Moreover, there has been growing need for stem cell transplant all across the world. Around 12 lakh transplants have been performed utilizing stem cells globally during the past 50 years. Presently, there are more than 49,000 transplants performed annually, and the number is rising. However, stem cells still need to be kept in reserve for potential autologous or allogeneic applications, even when they are employed for medical treatments. Through using this method, less human tissues would be used, and more studies could be compared. Hence, stem cell banks have been set up for both current research and therapy, raising some ethical, legal, and social concerns in the process. Hence, owing to this stem cell banking market is estimated to grow.