With more than 20 million births every year there exist ample market opportunity for stem cells banks to enter Indian market as potential of stem cell banking is valued at more than US $1 Billion at stem cell preservation level of 3% for new born babies.
Delhi,India (PRWEB) April 18, 2013
Many factors have actively contributing towards this overwhelming success stem cell banking in India and one of the major reasons for its success has been collaborations. Apart from handling the main stage single handedly, much collaboration both national and international has come to meet this upsurge. Growth in this sector can further be enhanced based on increased percolation of the middle class, which is thought to possess largest spending power, defined regulatory framework to help ensure that ethics and morals are well considered and complicate is ensured for maintaining quality parameters.
India is poised to emerge as the largest source for umbilical cord blood given the very high birth rate in the world. Since umbilical cords are the richest source of stem cells, it s no surprise then that leading stem cell banking companies are keen on shifting their stem cell bases in India. Till date around six major private players, both Indian as well subsidiaries of international companies are operating in the stem cell banking market of India.
India Stem Cell Banking Market Analysis research report outlines following aspects related to booming stem cell banking in India:
For more information visit: India Stem Cell Banking Market Analysis
Avinash Arora KuicK Research +91-11-47067990 Email Information
Excerpt from:
Indian Stem Cell Banking Market Offers Billion Dollar Opportunity Says KuicK Research in Latest Published Research ...