Global Cord Blood Banking Services Market to Expand at 5.60% CAGR till 2019, Led by Asia Pacific
Cord blood stem cells have gained much attention in recent years thanks to their ability to repopulate blood and treat a number of medical conditions. This has also brought the importance of umbilical cord blood banking into focus, leading to several such banks being set up across the world. The foundation for the growth of the cord blood banking services market has already been laid in developed and emerging countries, and the growth of the market will continue as new advances in technology are reported.
The report studies the cord blood banking services market on the basis of service vendor and geography. By service vendor type, the market is segmented into public cord blood banks and private cord blood banks. Likewise, on the basis of geography, the report segments the cord blood banking services market into North America (United States and Canada), Europe (UK, France, Spain, Italy, Belgium, and Germany), Asia Pacific (China, India, Australia, Philippines, New Zealand, and Japan), and Rest of the World (Argentina, Brazil, Russia, and the Middle East).
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Overview of the Cord Blood Banking Services Market
Owing to the fact that cord blood banking is pivotal to the wider adoption of stem cell therapy, there is no dearth of conducive factors for the growth of the cord blood banking services market. It is expected that the global cord blood banking services market will log a compounded annual growth rate (CAGR) of 5.6% from 2013 through 2019. In 2012, the cord blood banking services market stood at US$12.4 bn. The market is expected to rise to US$15.23 bn by the end of 2019.
As parents become more aware about the advantages offered by stem cell therapy, the adoption rates will also rise. This factor will play a crucial role in helping the cord blood banking services market expand over the next few years. In terms of units, the number of private cord blood banks is higher than that of public banks. However, when analyzed from the standpoint of units stored, it is the public cord blood banks that assume the leading position.
Transparency Market Research has published a new report on the global cord blood banking services market. According to the report, the global cord blood banking services market was valued at US$12.4 bn in 2012 and is expected to reach US$15.23 bn by 2019. The report, titled ‘Cord Blood Banking Services Market — Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019’, states that the global cord blood banking services market is expected to expand at a 5.60% CAGR during the period between 2013 and 2019.
Browse Report: http://www.transparencymarketresearch.com/cord-blood-banking-services.html
The global cord blood banking services market is currently governed by bodies such as the American Association of Blood Banks (AABB), American Association of Tissue Banks (AATB), Clinical Laboratory Improvement Amendments (CLIA), Human Tissue Authority (HTA), and others. The global cord blood banking services market is predicted to experience slow development due to factors such as shortage of cord blood units and cost issues. Strict storage and laboratory requirements will further restrict the growth of the global cord blood banking services market during the forecast period.
Emerging companies wanting to capture a major share in the global market will have to face certain competitive restraints. However, opportunities such as the growing number of cord blood cell applications are expected to propel the global cord blood banking services market in the coming few years. The promising opportunities in the global market will let the emerging companies ease into the market.
Companies Profiled in the Cord Blood Banking Services Market
The report analyzes the current size, capacity, revenue, and other relevant details pertaining to leading private and public cord blood banks. Market players profiled in the report include: Cord Blood America, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cryo-Cell International, Inc., Cordlife Group Ltd., NeoStem, Inc., Cryo-Save Group AV, and ViaCord, Inc.
About Us:
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
Contact:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY — 12207
United States
Tel: +1–518–618–1030
USA — Canada Toll Free 866–552–3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/
The report studies the cord blood banking services market on the basis of service vendor and geography. By service vendor type, the market is segmented into public cord blood banks and private cord blood banks. Likewise, on the basis of geography, the report segments the cord blood banking services market into North America (United States and Canada), Europe (UK, France, Spain, Italy, Belgium, and Germany), Asia Pacific (China, India, Australia, Philippines, New Zealand, and Japan), and Rest of the World (Argentina, Brazil, Russia, and the Middle East).
Get a Custom Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1741
Overview of the Cord Blood Banking Services Market
Owing to the fact that cord blood banking is pivotal to the wider adoption of stem cell therapy, there is no dearth of conducive factors for the growth of the cord blood banking services market. It is expected that the global cord blood banking services market will log a compounded annual growth rate (CAGR) of 5.6% from 2013 through 2019. In 2012, the cord blood banking services market stood at US$12.4 bn. The market is expected to rise to US$15.23 bn by the end of 2019.
As parents become more aware about the advantages offered by stem cell therapy, the adoption rates will also rise. This factor will play a crucial role in helping the cord blood banking services market expand over the next few years. In terms of units, the number of private cord blood banks is higher than that of public banks. However, when analyzed from the standpoint of units stored, it is the public cord blood banks that assume the leading position.
Transparency Market Research has published a new report on the global cord blood banking services market. According to the report, the global cord blood banking services market was valued at US$12.4 bn in 2012 and is expected to reach US$15.23 bn by 2019. The report, titled ‘Cord Blood Banking Services Market — Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013–2019’, states that the global cord blood banking services market is expected to expand at a 5.60% CAGR during the period between 2013 and 2019.
Browse Report: http://www.transparencymarketresearch.com/cord-blood-banking-services.html
The global cord blood banking services market is currently governed by bodies such as the American Association of Blood Banks (AABB), American Association of Tissue Banks (AATB), Clinical Laboratory Improvement Amendments (CLIA), Human Tissue Authority (HTA), and others. The global cord blood banking services market is predicted to experience slow development due to factors such as shortage of cord blood units and cost issues. Strict storage and laboratory requirements will further restrict the growth of the global cord blood banking services market during the forecast period.
Emerging companies wanting to capture a major share in the global market will have to face certain competitive restraints. However, opportunities such as the growing number of cord blood cell applications are expected to propel the global cord blood banking services market in the coming few years. The promising opportunities in the global market will let the emerging companies ease into the market.
Companies Profiled in the Cord Blood Banking Services Market
The report analyzes the current size, capacity, revenue, and other relevant details pertaining to leading private and public cord blood banks. Market players profiled in the report include: Cord Blood America, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cryo-Cell International, Inc., Cordlife Group Ltd., NeoStem, Inc., Cryo-Save Group AV, and ViaCord, Inc.
About Us:
Transparency Market Research is a market intelligence company providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers.
Contact:
Transparency Market Research
90 State Street,
Suite 700,
Albany
NY — 12207
United States
Tel: +1–518–618–1030
USA — Canada Toll Free 866–552–3453
Email: sales@transparencymarketresearch.com
Website: http://www.transparencymarketresearch.com/