LifeCell International has been successful in preserving 50,000 umbilical cord blood stem cell units in its preservation center and laboratory located in Chennai and achieved a milestone success. More and more expectant parents are now banking with LifeCell to collect and preserve their baby’s umbilical cord stem cells at birth for potential need in the future.
Established in 2004, LifeCell is India’s first private stem cell storage company and is now a market leader with over 50,000 parents, including some popular celebrity couples having stored their baby’s umbilical cord stem cells with it. With a pan-India presence, LifeCell’s services extend to over 100 towns and cities in the country. Its preservation facility in Chennai is one of the most reputed in the industry with several national and international accreditations to its credit.
The penetration of the stem cell storage in India has been a dismal 0.2 per cent compared to the global average which is between five per cent in the US to as high as 25 per cent in Singapore.
Commenting on the milestone achievement, Mayur Abhaya, MD and CEO said, “When we launched our services in 2004 the medical fraternity was not even aware of the concept of stem cell banking. It was our responsibility to create awareness amongst both the doctors and the expectant parents about its enormous scope in the future. As a first step we dedicatedly imparted education at medical forums, and put together an experience customer detailing team who counseled parents on a one-to-one level inside the comfort of their homes. Our 50,000 member milestone is recognition of that effort. I’m pleased that we are now offering this valuable service pan India and increasingly in other neighbouring countries too”.
The stem cell storage industry is growing at a rate of 30-40 per cent per year. More and more innovative services have been launched in the space of stem cell preservation such menstrual blood banking. To address the market opportunity LifeCell has embarked on significantly expanding its preservation capacity at its facility in Chennai expected to be completed in the next three months.
EH News Bureau
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