Press release
Stem Cell Umbilical Cord Blood (UCB) Market Experience Exponential Growth in Future
Stem Cell Umbilical Cord Blood (UCB) Market
Umbilical cord blood stem cells are potential stem cells that can convert into any type of -determined cells. Global stem cell market is dominating the healthcare industry with its reliable and cost-effective method of treatment with fewer side effects. Global stem cell umbilical cord blood (UCB) market accounted for $6.5 billion in 2012, and is projected to reach $56.4 billion by 2020 registering a CAGR of 33.4% during the forecast period. Government authorities are supporting the research and clinical trials of cord blood stem cell, which is currently increasing the interest of healthcare companies to invest in research and commercialization of cord blood stem cell therapies. This is set to propel the growth of stem cell umbilical cord blood (UCB) market in near future. Athersys, California Stem Cell Inc., and Cytori Therapeutics Inc. are engaged in the development of novel stem cell therapies from cord blood. Ethical issues regarding cord blood sample application is creating biasness among donor, which is majorly influencing the stem cell umbilical cord blood (UCB) market.
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Intense competition among stem cell umbilical cord blood (UCB) market players has been witnessed with the companies trying to create brand awareness. This is therefore, compelling the market players to formulate market based strategies. Cord blood stem cell is the only type of stem cell that is stored in controlled condition due to its lower volume higher cell count feature. Storage service segment is expected grow at 33.4% CAGR from 2013-2020 in the global stem cell umbilical cord blood (UCB) market.
Key Benefits
• This report provides market intelligence with respect to therapies, applications and storage services in cord blood stem cell market
• Detailed analysis of top factors influencing the growth of UCB stem cell market so that companies can take developmental decision
• Value chain analysis, Porters five forces, top investment pockets are analysed and presented in detail in the report
• Intelligence of important regulatory and reimbursement issues is provided according to geographies so that companies can take strategic decisions
• SWOT analysis and strategic developments included in the report for Key players: Advanced Cell Technology, Inc. (USA), Athersys, California Stem Cell Inc., Cytori Therapeutics Inc., Mesoblast, Opexa Therapeutics Geron Corporation, Neostem Inc.
Key Market Segments:
By Storage
• Public cord blood banks
• Private cord blood banks
• Public Vs. Private UCB banks
By Technology
• Stem Cell Transplant
• Autologous transplant
• Allogenic transplant
• Transplant Medicine
• Regenerative Medicine
• Others
• Cord Blood Banking
• Blood Transfusion
• Cell Based Genetics
By Geography
• UCB market in North America
• UCB market in Europe
• UCB market in Asia-pacific
• UCB market in ROW
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