The
Cord Blood Banking Services Market is expected to grow at a CAGR 11.4% during
the forecast period of 2018 to 2023.
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 and the medical applications of these cells have been expanding at a
rapid pace.
A
number of factors such as the increasing prevalence of chronic diseases,
growing awareness about cord blood banking, advancement in therapeutic
application, huge research funding in R&D, unmet medical needs, increasing
competition among market players, and increasing government assistance are a
few factors propelling the growth of the global cord blood banking services
market. However, the high cost associated with cord blood banking services and
lack of healthcare insurance may hamper the growth of the market.
The
Global Cord Blood Banking Services Market Key Players:
Some of the key players in The Global Cord Blood
Banking Services Market are China Cord Blood Corporation (China), Cord Blood
America, Inc. (U.S.), CBR Systems, Inc. (U.S.), Cordlife Group Limited
(Singapore), Cryo-Cell International, Inc. (U.S.), Cryo-Save AG (Netherland),
ViaCord, Inc. (U.S.), Virgin Health Bank (Qatar), California Cryobank Stem Cell
Services LLC (U.S.), StemCyte, Inc. (India), Norton Healthcare, Inc. (U.S.),
Lifeforce Cryobank Sciences Inc. (U.S.), CordVida (Brazil), CryoHoldco de Latinoamerica,
S.A.P.I. De C.V. (Mexico), Vita 34 International (Germany), Maze Cord Blood
Laboratories (U.S.), The University of Colorado Cord Blood Bank (U.S.), CorCell
(U.S.), Lifebank USA (U.S.), Cryoviva Biotech Pvt. Ltd (India), Genecord
(U.S.), AlphaCord (U.S.), FamilyCord (U.S.), Cells4Life (UK), Michigan Blood
(U.S.), CariCord (U.S.), LifeCell International Pvt. Ltd (India), Stem Cell
Cryobank Inc. (U.S.), Viacord Processing Laboratory (VPL) (U.S.), New Jersey
Cord Blood Bank (U.S.), Carter BloodCare (U.S.), Americord Registry (U.S.) and
others.
Cord
Blood Banking Services Market Segmentation:
The Global Cord Blood Banking Services Market has been
segmented on the basis of storage service, component, application and end-user.
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. On the basis of application, the global cord blood banking services
market can be segmented into cancers, blood disorders, metabolic disorders,
immune disorders and osteoporosis.
On the basis of end-user, the global cord blood banking
services market is segmented into hospitals (medical applications), pharmaceutical
research (drug discovery), research institutes (scientific research), and
others.
Blood
Banking Services Market Regional Analysis:
The Global Cord Blood Banking Services Market consists
of four regions, namely, the Americas, Europe, Asia Pacific, and the Middle
East and Africa.
The Americas region accounted for the largest market
share of the Global Cord Blood Banking Services Market owing to the growing
number of service providers, increasing awareness about the long-term benefits
of cord blood storage, growing investments in public banking, and reduction in
the cost involved in storage. Moreover, the U.S. contributes to a significant
market share for the global cord blood banking industry. Factors such growing
per capita income, increasing number of storage service providers, and high
adoption rate for advanced technologies attributed to the largest market share.
The European cord blood banking services market is the
second largest market followed by the Asia Pacific region. The Asia Pacific region
is expected to dominate the global cord blood banking services market in terms
of growth rate during the forecast period. Though the region presently grasps a
minimal share in the global market; it is anticipated to exhibit an enormous
growth potential owing to the increasing awareness of stem cell banking and
vast improvement in health care reforms in countries such as Malaysia, India,
Indonesia, and China. Besides, Asia Pacific is a relatively untapped regional
market in comparison with developed regions, which is also a reason why it
grants better opportunities for the growth of companies.
The Middle Eastern region is expected to grow at a
steady pace owing to factors such as rising R&D activities in the
healthcare sector and extensive development of the healthcare infrastructure.
MAJOR
TABLE OF CONTENT:
Chapter 1. Report Prologue
Chapter 2. Market Introduction
2.1 Definition
2.2 Scope Of The Study
2.2.1 Research Objective
2.2.2 Assumptions
2.2.3 Limitations
Chapter 3. Research Methodology
3.1 Introduction
3.2 Primary Research
3.3 Secondary Research
3.4 Market Size Estimation
LIST
OF TABLES
Table 1 Cord Blood Banking Services Industry Synopsis,
2017–2023
Table 2 Cord Blood Banking Services Market Estimates
& Forecast, 2017–2023, (USD Million)
Table 3 Cord Blood Banking Services Market, By Region,
2017–2023, (USD Million)
Table 4 Cord Blood Banking Services Market, By Storage
Services, 2017–2023, (USD Million)
Table 5 Cord Blood Banking Services Market, By Component,
2017–2023, (USD Million)
LIST
OF FIGURES
Figure 1 Research Process
Figure 2 Segmentation For Cord Blood Banking Services
Market
Figure 3 Segmentation Market Dynamics For Cord Blood
Banking Services Market
Figure 4 Global Cord Blood Banking Services Market Share,
By Storage Services 2016
Figure 5 Global Cord Blood Banking Services Market
Share, By Component 2016
Continued…!
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