Cord Blood Banking Services Market | Robust Growth In Healthcare Industry | 2016 To 2022
Chicago, IL -- (SBWIRE) -- 08/07/2017 -- According to the report, "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", the market for cord blood banking services is expected to grow at an impressive rate, due to the increased prevalence of diseases and the rising demand from around the world.
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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.
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KEY PREMIUM INDUSTRY INSIGHTS
1. 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 2. 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.
3. 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.
This report analyzes the cord blood banking services market by the following segments:
Cord Blood Banking Services Market, by Storage Services
1. Public Cord Blood Banks
2. Private Cord Blood Banks
KEY MARKET PLAYERS
Key players in the cord blood banking services market include:
1. Amag pharmaceuticals, inc.
2. Americord registry llc
3. China cord blood corporation
4. Cord blood america, inc.
5. Cordlife group limited
7. Cryo-cell international, inc.
8. Cryoholdco de latinoamerica, s.a.p.i. De c.v.
9. Esperite n.v.
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