Dr. Mariam Al Jalahma, the Chief Executive of the National Health Regulatory Authority (NHRA), Bahrain, has announced plans to set up a stem cells bank in Bahrain with Indian investment. The planning is in the advanced stages, and once the all the formalities are completed, the NHRA will seek approval from the Supreme Council of Health. Apart from this project, procedures are also underway for setting up three factories to manufacture capsules, drugs and syringes.
The global stem cell banking market was valued at $1,986 million in 2016, and is estimated to reach $6,956 million by 2023, registering a CAGR of 19.5% from 2017 to 2023. Stem cell banking is a process where the stem cell care isolated from different sources such as umbilical cord and bone marrow that is stored and preserved for future use. These cells can be cryo-frozen and stored for decades. Private and public banks are different types of banks available to store stem cells.
