Scope of the Study
The umbilical cord blood banking is the method of preserving blood from the umbilical cord for the future use. The USB is collected from the umbilical cord of new baby and it is retrieved from the placenta after delivery. It is enriched with adult stem which plays a vital role in regulating all biological activities and in developing tissues in the human body. This preserved cord blood is used in remedial treatments in the similar perspective as that of stem cells obtained from bone marrow. UCB banking market is rapidly growing due to increase in prevalence of chronic diseases and increasing awareness about the benefits of UCB.
The market study is being classified, by Application (Cancers, Blood Disorders, Metabolic Disorders, Immune Disorders, Osteopetrosis and Others) and major geographies with country level break-up.
Cord Blood Registry Systems (United States), ATCC (United States), CORDLIFE GROUP (Singapore), Cord Blood America (United States), Caladrius Biosciences (United States), Cryo-Cell International (United States), ViaCord (United States), Esperite N.V. (The Netherlands), Smart Cells International (United Kingdom) and China Cord Blood Corporation (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are CBR Systems, Inc, ViaCord Inc, China Cord Blood Corporation, Cord Blood America, Inc, Cryo-Cell International, Cryo-Save AG, Cordlife Group Ltd, Vita 34 AG, LifeCell and StemCyte Inc.
Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Umbilical Cord Blood Banking market throughout the predicted period.
AdvanceMarketAnalytics has segmented the market of Global Umbilical Cord Blood Banking market by Type, Application and Region.
On the basis of geography, the market of Umbilical Cord Blood Banking has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2018. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement. If we see Market by Services, the sub-segment i.e. Sample Preservation will boost the Umbilical Cord Blood Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End Users, the sub-segment i.e. Hospitals will boost the Umbilical Cord Blood Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Storage Option, the sub-segment i.e. Public Cord Blood Banks will boost the Umbilical Cord Blood Banking market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Rise in Number of Childbirth
- Growing Awareness Regarding Cord Stem Therapeutic
- Simple System of Extraction
- Technological Advancement in Umbilical Cord Blood Banking Procedure and Products
- High Cost of Storage
- Strict License and Accreditation Procedures
- Inferiority in Accepting
- Potential Growth in Untapped Region
- Advancement in Therapeutic Application
- Lack of Skilled Professionals
Market Leaders and their expansionary development strategies
In June 2018,Cryo-Cell International, Inc. the world’s first private cord blood bank to separate and store stem cells in 1992, announced that it has entered into an agreement to acquire substantially all of the assets of Cord Blood Bank, Inc. with additional consideration subject to earnouts as set forth in the Asset Purchase Agreement.
Key Target AudienceHealthcare Service Providers (Hospitals And Pathology Laboratories), Umbilical Cord Blood Bank, NGOs And Government Organizations Associated With Blood Collection and Market Research And Consulting Firms
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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