The global market for stem cell banking is expected to register 9.8% CAGR during the forecast period of 2022 to 2030 to reach a predicted valuation of USD 12,056.7 million by 2030. Market Research Future (MRFR) brought out several factors and assessed them on the basis of their capacity to understand how they can impact the market. The rise in chronic diseases would be a dominating factor as scientists realized the efficacy of stem cells in the treatment of such diseases. Increasing awareness of therapeutics, technological support, growing disposable income, government initiatives, and others can help in boosting the market growth.
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