Cord Blood Banking Services Market, by Storage Services (Public Cord Blood Banks, Private Cord Blood Banks) – Global Revenue, Trends, Growth, Share, Size and Forecast to 2022

Blood obtained from the placenta that connects the baby to its mother in the womb, is knows as cord blood. It is a rich source of stem cells which can cure more than 80 genetic-borne diseases. The stem cells obtained from cord blood can treat chronic diseases such as cancer, diabetes, blood-borne diseases, and other immune diseases. The amount of blood obtained from the umbilical cord or placenta is less; however, it contains a large amount of stem cells. These stem cells are the only type that can be stored for future purposes. They can stay active for as long as 20-25 years and can function efficiently if used within the time. Due to their benefits to medical science, government and clinical research authorities are promoting the use of cord blood and are investing in several research and development activities. This report studies the current and future aspects of cord blood banking services market.

The report tracks the major market events including product launches, technological developments, mergers & acquisitions, and the innovative business strategies opted by key market players. Along with strategically analyzing the key micro markets, the report also focuses on industry-specific drivers, restraints, opportunities and challenges in the cord blood banking services market. The scope of this report covers the cord blood banking services market by its major segments, which include the types, applications, and the major geographic regions.

KEY BENEFITS OF THE REPORT

• In-depth analysis of the market ecosystem and its impact on the revenue growth
• Understanding of the strategies that are being adopted by the key players in this market to stay competitive
• Valuable insights into the key technological and market trends impacting this market

KEY PREMIUM INDUSTRY INSIGHTS

• In the last 20 years, the cord blood banking services market has increased significantly worldwide. Companies are spreading awareness about the benefits of cord blood, promoting the market growth. The rise in awareness campaigns is helping new parents to understand the benefits related to cord blood banking.
• They are also informed about the financial options available for collection and storage of cord blood. These campaigns are boosting the market growth. Rise in research and development initiatives and increase in funding schemes for storage purpose are some of the factors driving the cord blood banking services market. Also, rise in fatal chronic diseases is contributing towards the market growth.
• However, some factors are hampering the market growth such as, legal and ethical factors that are associated with collection of cord blood, difficulty in finding a match as a donor, and high processing and storage cost. In addition, lack of general awareness among public is also acting as a major market restraint.

The cord blood banking services market is divided into four major geographical segments which are North America, Europe, Asia-Pacific, and Rest of the World. The North America region holds the highest market share and is the largest revenue contributor of the cord blood banking services market. The region is bound to grow at a fast-pace during the forecasted period due to increase activities related to promoting cord blood banking services. Several companies and clinical research organizations are investing heavily to conduct R&D activities, which is creating newer growth opportunities for the cord blood banking services market.

RESEARCH METHODOLOGY

The research methodology for Scalar Market Research’s cord blood banking services market report utilizes a combination of top-down and bottom-up research formats. Our primary focus on continuous market tracking, rigorous fact-checking, data-triangulation, and multiple layers of quality control ensures high-quality data that can be leveraged for actionable research insights.

To know about the assumptions considered for the study, Download PDF Sample.

MARKET SEGMENTATION

This report analyzes the cord blood banking services market by the following segments:

• Cord Blood Banking Services Market, by Storage Services
  • Public Cord Blood Banks
  • Private Cord Blood Banks

KEY MARKET PLAYERS

Key players in the cord blood banking services market include:

• Amag pharmaceuticals, inc.
• Americord registry llc
• China cord blood corporation
• Cord blood america, inc.
• Cordlife group limited
• Cordvida
• Cryo-cell international, inc.
• Cryoholdco de latinoamerica, s.a.p.i. De c.v.
• Esperite n.v.
• Lifeforce cryobank sciences, inc

GEOGRAPHIC COVERAGE AND ANALYSIS

This granular market research report covers the following geographic regions in great detail:

• NORTH AMERICA
  • U.S.
  • Rest of North America
• EUROPE
  • France
  • Germany
  • U.K
  • Rest of Europe
• ASIA-PACIFIC
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• REST OF THE WORLD
  • Latin America
  • Middle East & Africa

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