Egypt
Stem Cell Banking market is expected to register an impressive growth in the
coming years. This can be attributed to the increasing awareness among the
public about the potential of stem cell therapies, and government initiatives
to promote stem cell research and regenerative medicine. Furthermore,
increasing healthcare expenditure in the country is further expected to support
the growth of Egypt Stem Cell Banking Market during the forecast period. According
to the Planning and Economic Development Ministry of Egypt, the government
expenditure on the health sector reached USD18.67 billion (572 billion Egyptian
pounds) in the period ranging between 2014 and 2021 with a 285 percent growth
rate. At the same time, the investments in healthcare sector exceeded USD4.31
billion (132 billion Egyptian pounds) in the relevant period with a growth rate
of 450 percent. Additionally, the growing prevalence of various chronic
disorders such as hematopoietic disorders, rare genetic disorders, autoimmune
disorders, among others is further expected to increase the demand for stem
cell banking, thereby supporting the growth of Egypt stem cell banking market. Thalassemia
is the most common hereditary hemoglobinopathy in Egypt. There are 10,000
registered cases in addition to more than 20,000 non-registered cases, 95% of
whom are beta-thalassemia major (BTM). The carrier state is between 9 and 11%. Similarly,
the growing incidence of different types of blood cancers in the country is
further expected to increase the demand for stem cell therapy for treatment
purposes thereby positively influencing the growth of Egypt stem cell banking
market in the forecast period. According to the global cancer observatory,
in 2020, Non-Hodgkin Lymphoma was the fourth most prevalent cancer type in
Egypt with around 7,305 new cases reported and around 4,078 deaths were
reported due to Non-Hodgkin Lymphoma in the country. Also, 5,231 new cases of
Leukemia and around 3,858 deaths due to leukemia were reported in Egypt in
2020.
Stem
cell banking in Egypt is a developing field that offers promising potential for
the future of regenerative medicine. Stem cells are cells that have the ability
to differentiate into various types of cells in the body, making them useful
for a variety of medical applications. While stem cell banking is still a
relatively new field in Egypt, it is gaining traction and has the potential to
be a valuable resource for the country's healthcare system. As research
continues to uncover new uses for stem cells, the demand for stem cell banking
services is likely to increase. This in turn is expected to create lucrative
opportunities for the growth of Egypt stem cell banking market.
Government
Support
The
Egyptian government has been supportive of the stem cell banking industry in
several ways, which has contributed to the growth of the industry in Egypt. The
Egyptian government has been providing funding for stem cell research in
universities and research centers across the country. This funding has helped
to accelerate research in the field and has led to new discoveries and
innovations in stem cell banking and regenerative medicine. This in turn is
expected to positively influence the growth of Egypt stem cell banking market.
Additionally, the government has put in place regulations and guidelines for
stem cell banking and research, which have helped to ensure that the industry
operates within ethical and legal frameworks. This has helped to build trust in
the industry and has made it more attractive to investors. Also, Egyptian
government has been collaborating with international organizations and research
institutions to promote stem cell research and regenerative medicine. This has
led to the exchange of knowledge and expertise, as well as access to funding
and resources, which has helped to accelerate research and development in the
field, thereby supporting the growth of Egypt stem cell banking market.
Additionally,
in August 2022, Egypt’s Armed Forces announced signing a contract to build the
International Stem Cell and Regenerative Medicine Research and Therapeutic
Centre. This deal was signed in cooperation between Armed Forces’ Egypt Center
for Research and Regenerative Medicine (ECRRM) and the US healthcare
corporation, SYMX. This initiative
clearly illustrates the keenness of Egypt’s Armed Forces to support the health
system to provide advanced medical services. The international stem cell center
will be established as per the most advanced scientific research and cellular
therapy. This initiative taken by the Armed Forces of Egypt along with
different initiatives taken by the government are expected to open new
prospects for the growth of Egypt stem cell banking market in the next few
years.
Technological
Advancements
Technological
advancements have played a significant role in driving the growth of stem cell
banking in Egypt. These advancements have made stem cell banking more
accessible and affordable, which has led to increased demand for these
services. Advances in technology have made it possible to automate the
processing of stem cells, which has improved the efficiency and accuracy of the
process. This has also reduced the cost of stem cell banking and made it more
accessible to a wider range of people, thereby driving the growth of Egypt stem
cell banking market. Additionally, advances in molecular diagnostics have made
it possible to identify and isolate stem cells more accurately and efficiently.
This has improved the quality of stem cell banking and has made it possible to
preserve a wider range of stem cell types.
Cryopreservation
is a process that involves freezing stem cells at very low temperatures to
preserve them for long periods of time. Advances in cryopreservation technology
have made it possible to store stem cells for longer periods of time, which has
increased the potential for their use in the future. This in turn is expected
to support the growth of Egypt stem cell banking market.
Increasing
Awareness among the Population
Increasing
awareness is a major driver of the growth of Egypt stem cell banking market. As
more people become aware of the potential of stem cell therapies for treating a
range of diseases and conditions, there is greater demand for stem cell banking
services to preserve these valuable cells for potential future use. Stem cell
banking companies in Egypt are engaging in education and outreach programs to
increase awareness among the public about the potential of stem cell therapies
and the benefits of stem cell banking. This includes seminars, workshops, and
other events that are aimed at educating people about stem cell banking and its
potential uses. Additionally, there are several advocacy groups in Egypt that
are focused on promoting stem cell research and regenerative medicine. These
groups are working to raise awareness about the potential of these therapies
and to advocate for increased funding for stem cell research. This in turn is
expected to support the growth of Egypt stem cell banking market.
Also,
as more patients in Egypt are treated with stem cell therapies, there is
increasing awareness of the potential benefits of these therapies. This has led
to greater interest in stem cell banking as a means of preserving these
valuable cells for potential future use.
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Market Segmentation
Egypt
Stem Cell Banking market is segmented into source,
service type, application, region, and company. Based on source, Egypt Stem
Cell Banking market is divided into placental stem cells, adipose tissue
derived stem cells, bone marrow derived stem cells, human embryo derived stem
cells, and others. Based
on service type, Egypt stem cell banking market is categorized into sample
preservation & storage, sample analysis, sample processing, and sample
collection & transportation. Based on application, Egypt stem cell
banking market is bifurcated into research and clinical. The research
applications can be further segmented into disease treatment studies, drug
discovery, and life science research. The clinical applications are further
fragmented into hematopoietic disorders, autoimmune disorders, and others. Regionally,
Egypt Stem Cell Banking market can be split into Cairo, Alexandria, Giza,
Qalyubia, Port Said, Suez, and Rest of Egypt.
Market Players
Cell Safe Bank, StemPlus-Egypt, Cells4Life,
Smart Cells-Egypt, Cell Save Arabia-Egypt
are some of the leading companies operating in the Egypt Stem Cell Banking Market.
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Attribute
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Details
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Base Year
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2022
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Historic Data
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2018 – 2021
|
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Estimated Year
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2023
|
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Forecast Period
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2024 – 2028
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Quantitative Units
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Revenue in USD Million,
CAGR for 2018-2022 and 2023-2028
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Report coverage
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Revenue forecast, Company share, Competitive
landscape, Growth factors, and Trends
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Segments covered
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Source
Service Type
Application
Region
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Country scope
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Cairo, Alexandria, Giza, Qalyubia, Port
Said, Suez, Rest of Egypt
|
|
Key companies profiled
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Cell
Safe Bank, StemPlus-Egypt, Cells4Life, Smart Cells-Egypt, Cell Save Arabia-Egypt
|
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Customization scope
|
10% free report customization with
purchase. Addition or alteration to country, regional & segment scope.
|
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Pricing and purchase options
|
Avail customized
purchase options to meet your exact research needs. Explore purchase
options
|
|
Delivery Format
|
PDF and Excel through Email (We can also provide the editable
version of the report in PPT/Word format on special request)
|
Report Scope:
In this report, Egypt Stem Cell
Banking market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
·
Egypt Stem Cell Banking Market, By Source:
o
Placental
Stem Cells
o
Adipose
Tissue Derived Stem Cells
o
Bone
Marrow Derived Stem Cells
o
Human
Embryo Derived Stem Cells
o
Others
·
Egypt Stem Cell Banking Market, By Service Type:
o
Sample
Preservation & Storage
o
Sample
Analysis
o
Sample
Processing
o
Sample
Collection & Transportation
·
Egypt Stem Cell Banking Market, By Application:
o
Research
§ Disease Treatment Studies
§ Drug Discovery
§ Life Science Research
o
Clinical
§ Hematopoietic Disorders
§ Autoimmune Disorders
§ Others
·
Egypt Stem Cell Banking Market, By Region:
o Cairo
o Alexandria
o Giza
o Qalyubia
o Port Said
o Suez
o Rest of Egypt
Competitive Landscape
Company Profiles: Detailed analysis of the
major companies present Egypt Stem Cell Banking market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The
following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market
players (up to five).
Egypt Stem Cell
Banking Market is an upcoming report to be released soon. If you wish an early
delivery of this report or want to confirm the date of release, please contact
us at [email protected]