How important stem cell banking is in the medical industry? For one, it collects, processes, and stores life-saving stem cells to be used for future therapies. That also includes the regenerative form of medicine. In addition to that, it can develop various blood types and tissue cells. It also comes with the potentials of regenerating and protecting the body within.
Now if a condition or disease affects the cell tissues, stem cell therapy is useful in repairing damaged tissues, repairing organs, and treating diseases. Cord tissue, umbilical cord blood, dental tooth pulp are essential sources of amazing cells. Presently, the cord blood stem cell is useful in transplants and therapies. That’s in regard to the treatment of almost eighty-five diseases. That includes bone marrow cancer, leukemias, anemias, and lymphomas. So far, almost five-thousand clinical trials are known for using stem cell therapies.
Stem cell banking indeed provides the opportunity of freezing the most precious cells in the cryogenic way possible. That’s to say considering twenty-five years. The stem cells are readily available for future use. This is also the moment they are needed. The process is so far safe, risk-free, and non-invasive. It’s also estimated that one in three people benefit from stem cell banking and stem cell therapy at one point in their lives.
Also Because of the Benefits to Offer
Stem cell banking is gaining immense significance in the medical industry. It’s also brought about by the blood collected from a newborn umbilical cord. This is enriched in stem cells. The blood is sourced out and is sent to the cord blood bank. This is also wherein the stem cells are tested, separated, processed, & preserved in the liquid nitrogen.
There’s no such thing as an expiry date. The stem cells are preserved to last for years. Evidence also exists that stem cells are stored for twenty years. The stem cells also treat seventy-blood disorders. That, even more, includes genetic disorders that are as follows: sickle cell anemia, thalassemia, leukemia, and immune disorders.
The stem cell that is sourced out from the umbilical cord blood is the same as the one sourced out from the bone marrow. This is capable of producing the blood cells like the immune system cells, platelets, & red cells. When this is used, the stem cell is concentrated. It is then injected into the patient. When it is transfused, a newer cell type is then produced.
Moreover, it can produce all blood cell types like platelets, red cells, & immune system cells. The stem cell treats almost around eighty blood-related illnesses. These can include genetic conditions, immune disorders, lymphomas, and leukemia. But with the present medicinal state, it’s just effective for around twelve diseases as listed.
Among other benefits highlighted by stem cell banking are as follow:
- Ability in reversing diseases such as Parkinson’s disease.
- Ability in growing functioning and healthy brain cells.
- Ability in healing and regenerating muscle and tissue damages brought by a heart attack.
- Ability in addressing genetic defects by introducing the normal cells.
- Ability in reducing the mortality of patients who wait for donor organs. This is true to say considering transplant.
- Ability in treating commonly-known chronic diseases like heart disease, diabetes, spinal cord injury, Parkinson’s disease, arthritis, spinal cord injury, & amyotrophic lateral sclerosis.
Stem Cell Banking Services Now Growing
The stem cell banking services in Thailand are now providing storage and collection of stem cells. This is also derived from the different sources. Moreover, the stem cell banking service market is now growing with its five players operating for more than a decade already.
The stem cell banking services derived from the post-natal organs received positive attitudes. The best purchasing behavior is also observed by the referent persons or siblings. The highest positive attitude scores came from parents with children diseases needing to be treated. The impressive thing is that the stem cell banking service offered is receiving much global laboratory accreditation. This is based on the profiles of the respondents identified according to their health problems and demographics.
The Thailand people are much willing to pay for the stem cell banking service. This is also provided that the stem cell bank is credible. The quality of the service is ensured to be high by the bank. Plus, the staff is showing more of their level of professionalism. Several promotions were already designed at the pregnant women & husbands. Stem cell banking companies are promoting their packages at relatively lower prices. And, they are promoting these packages by way of obstetrician channels. That way, the consumers are likewise influenced in the end.
Stem Cell Banking Now The Most Promising and the Fastest-Growing Segment
Stem cell banking truly is one of the most promising and the fastest growing segments in stem cell therapy. It likewise is the process of freezing, extracting, & storing cells for potential uses in the future. The stem cell banking market now equates to 8.1 billion dollars just in 2018. By 2024, the value of 17.3 billion dollars is as expected to be reached.
Among the key drivers of the stem cell banking include the increase in consumer awareness of people with age-related illnesses; increase in the fertility rates along with the opportunities of preserving infant’s umbilical cords; more other factors like increasing approval of stem cell research clinical trials, escalating the disposable incomes, and the growing prevalence of technological advancements and chronic diseases.
Stem Cell Banking Services Influencing the Decision-Making of the People
Thai people had shown positive attitudes towards the stem cells derived from the MSCs or postnatal organs from banks. For one, MSCs were beneficial in the treatment of different degenerative diseases. This is also upon the full innovation of medical technology & procedures. Many are now purchasing the service for their interest in products benefiting the children’s health.
The purchasing decisions of some Thais are also likewise affected by their partners and their family members. That also essentially includes their siblings, parents, close friends, and obstetricians.
All other factors that influence their purchasing decision include the operation period of the company. The company’s stem cell bank should also have received laboratory accreditation to be considered. And, the company must have a specialist to advise regarding the use of stem cells. That also includes the financial statement of the company. Other more purchasing factors include the experience of the sales staff, the variety of the services offered, and the number of the usable MSCs after the lab procedure, and the services of the sales staff.
In all these, stem cell banking is a technology that comes with the fullest potentials of revolutionizing public health. And there is much more interest shown in regenerative medicine involving the engineering, regenerating, and replacing of human cells, organs, and tissues.
Developments in stem cell banking are important. They also hold an essential factor influencing and helping regenerative medicine research in the reality of world clinical use.
Upon understanding stem cell banking and its immense significance in the medical industry, it’s now worth considering Bangkok stem cell banking in mind. Discover more about it so that you may benefit from it in the future. Just continue learning how stem cell banking is gaining immense significance in the medical industry!
