The report on cord blood banking services market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global cord blood banking services market over the period of 2015 to 2023. Private and public cord blood banks are the two major types of banks that are prevalent in the cord blood bank market cord blood market is expected to grow at 335% cagr from 2012-2020 public cord blood banks share more revenue as compared to private cord blood banks. According to stratistics mrc, the cord blood banking services market accounted for $1250 billion in 2015 and is expected to grow at a cagr of 641% to reach $1932 billion by 2022.
The global cord blood banking services market report also provides the detailed market landscape (market drivers, restraints, opportunities), market attractiveness analysis and profiles of major competitors in the global market including company overview, financial snapshot, key products, technologies and services offered, and recent developments. The global cord blood banking services market is exhibiting a cagr of 560% from 2013 to 2019 at the end of this forecast period, the market is expected to reach us$1523 bn, after it was recorded at us$1240 bn in 2012 the data is compiled into a research report published by transparency market research. Umbilical cord blood banking or cord blood banking is the practice of preserving blood from the umbilical cord for future use such preserved cord blood is used in medical therapies in similar fashion as that of stem cells derived from bone marrow.
Industry insights the us cord blood banking (cbb) services market was valued over usd 172 billion in 2016 and is expected to reach over usd 4909 billion at cagr of around 122% during the forecast period. With approximately 450 companies offering cord blood banking services worldwide, 2018 global cord blood banking industry report we have facilitated most of the major transactions within the cord blood banking market and anticipate that we will continue to impact the market in the coming months. Cord blood banking services is a promising and a fast growing segment in the field of next generation stem cell therapy and national cord blood registries are changing perception and look of the industry. Industry insights the global cord blood banking services market size was valued at usd 297 billion in 2016 and is expected to grow at a cagr of 119% over the forecast period.
High costs of cord blood transplantation procedures, in the range of us$200,000-300,000 for each treatment, and poor press coverage of cord blood banking services are also detrimental for the. The market has been witnessing an increase in inorganic growth strategies such as m&as, which will have a positive impact on market growth by helping vendors expand their cord blood banking. Cord blood banking refers to collection and preservation of blood derived from the umbilical cord, thus saved for future therapeutic and research applications umbilical cord blood is observed to be a potential source of progenitor cells, which can be used for reconstitution of tissue, organs and other functional areas. Currently, cord blood banking services are being discretely provided in the public and the private sectors, resulting in two types of storages, public and private, in this latin american market. On the basis of storage service, the global cord blood banking services market can be segmented into public cord blood banks, private cord blood banks, and hybrid cord blood banks on the basis of component, the global cord blood banking services market can be segmented into cord blood, cord tissue, placenta, and others.
Pune, india -- -- 08/10/2018 -- global cord blood banking services market – overviewthe umbilical cord blood is a rich source of stem cells and can treat more than 80 genetic diseases the stem cells also can treat long-lasting diseases such as diabetes, cancer, immune diseases, and blood diseases. The us cord blood banking market captures a significant share of the global cord blood banking industry factors such as high adoption rate for advanced technologies, growing per capita income, and increasing number of storage service providers can be attributable to the largest market share. 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. Market highlights: cord blood is the blood that remains in the umbilical cord and placenta, post-delivery cord blood contains an abundance of stem cells and immune system cells a.
Market research future published a study report on global cord blood banking services market this report studies the global market size, industry status and forecast, competition landscape and. Global cord blood banking services market – geographical analysis north america region accounts for the leading market for cord blood banking services, acquiring the largest market share in the global market the market in the region, backed by increasing awareness about the long-term benefits of cord blood storage, the growing number of. What are the market opportunities and threats faced by the vendors in the global cord blood banking services market get in-depth details about factors influencing the market shares of the important regions like united states, asia-pacific, united kingdom, france & germany.
Based on type of storage, the cord blood banking services market has been segmented into two major categories such as private cord blood banking and public cord blood banking the market segments have been extensively analyzed based on usefulness, efficacy, revenue, and geographical coverage. Global cord blood banking services market overview: global cord blood banking services market was valued at $1,126 million in 2016, and is estimated to reach at $2,772 million by 2023, registering a cagr of 138% from 2017 to 2023cord blood contains a rich source of stem cells, which can treat more than 80 genetic diseases. Parent's guide to cord foundation has issued the world's first cord blood industry report that is based on direct interviews of family cord blood banks around the world all participating companies were promised confidentiality, hence their proprietary data is only presented in aggregates.