Fast Market Research announces the availability of the new TechNavio report, "Global Stem Cell Umbilical Cord Blood Market 2015-2019", on their comprehensive research portal
Boston, MA -- (SBWIRE) -- 09/09/2015 -- UCB is the blood that remains in the placenta and the attached umbilical cord after childbirth. UCB contains stem cells that are unique, smart, and are capable of treating several life-threatening diseases. They are used in the treatment of hematopoietic and genetic disorders. The placental blood can produce 10 times more quantity of stem cells compared to the umbilical cord, which can in turn be used for the treatment of an adult patient. The cord blood that is collected during the childbirth is stored and cryopreserved. The storage of the cord blood can be done at private cord blood banks or public cord blood banks. This preserved blood can be used for the transplantation, and treatment of diseases at the later stages of life.
Get More Details on this Report and a Full Table of Contents at Global Stem Cell Umbilical Cord Blood Market 2015-2019
Technavio's analysts forecast the global stem cell UCB market to grow at a CAGR of 30.36% over the period 2014-2019.
Commenting on the report, an analyst from Technavio's team said: "Public awareness of stem cell UCB banking is increasing due to the various awareness programs conducted. This is done with the motive of making people aware of the potential benefits of cord blood banking. It will result in social and economic benefits as well. At the events, the idea is to educate people about the importance of cord blood banking. This is vital because it can help in the improvement of the quality of life of many patients suffering from life-threatening diseases. Companies such as Americord and Viacord are promoting July as National Stem Cell Awareness month. Similarly, Precious Cells surveyed 1,000 families in UK with children under the age of 10, as part of the National Stem Cell Awareness Day on October 8, 2014. To increase the awareness of cord blood banking, Save the Cord Foundation is partnering with Bioinformant. Also, LifeCell is creating awareness among in India about the need for umbilical cord stem cell banking. These programs help in promoting awareness for present and future stem cell treatments."
According to the report, UCB stem cells prove to be an effective treatment option for more than 80 diseases, such as cancer, immunodeficiency disorders, and blood disorders. Many of these diseases, which have no cure, can be treated effectively with the use of stem cells obtained from the umbilical cord. These stem cells travel to the site of damage and identify the defective cells. They then initiate a healing process and are thus used in the treatment. Since they are derived from the same individual, the risk of rejection can also be eliminated. Research is being carried out for the development of UCB stem cells as an effective treatment option for diseases such as diabetes, Alzheimer's disease, brain tumor, and heart failure. They can thus be used as a successful mode of treatment for many of life-threatening diseases.
Further, the report states that accreditations and stringent rules may pose a challenge, as not all hospitals will be able to collect and store the cord blood.
The key players in the Global Stem Cell Umbilical Cord Blood Market are Caladrius Biosciences, Celgene, Mesoblast and Pluristem Therapeutics while other prominent vendors include Athersys, CHA Bio & Diostech, Cytori Therapeutics, Nuo Therapeutics, Ocata Therapeutics, Opexa Therapeutics, Osiris Therapeutics, Teva Pharmaceuticals and United Therapeutics
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