Press release
Cord Blood Banking Services Market is Projected to be Worth US$15.23 Bn by 2019
Transparency Market Research
Focus on research and development is one of the key growth models that leading companies in this market are adopting. In this regard, Cord Blood Registry Systems Inc. and Cry-Cell International have set benchmarks for cord blood preservation and processing for other players to follow suit.
Report Overview @ https://www.transparencymarketresearch.com/cord-blood-banking-services.html
Partnerships and agreements are what leading players in this market are looking forward to expand their geographical reach. A case in point is Cord Blood America Inc. The company entered into a partnership with Bonco Vida Corp. based in Puerto Rico, by which the former would provide cord blood stem cell collection and storage services to customers of the latter.
Mergers and acquisitions are other strategies that companies in the market are adopting to enhance their presence globally.
Technological Breakthroughs will Ensure Sustainable Growth to Stem Cells Fuel Market
“Advancement in cord blood banking technology is one of the major factors driving the growth of the global cord blood banking services market,” says a TMR analyst. The process employed in the storage of blood from umbilical cord varies for each company depending on their technological capacity. Therefore, technological advancements enabling smooth and efficient processing of cord blood throughout the life span will reduce cost and encourage the establishment of more facilities for preserving cord blood.
Request A Sample Copy @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1741
Increased acceptance and rising awareness among parents about the benefits of cord blood arealso driving the growth of this market. Due to adequate knowledge about the benefits of cord blood among expectant parents and availability of cord blood banking facilities, cord blood banking services in developed countries is on the rise. On the other hand, lack of adequate infrastructure and high costs involved in cord blood banking process are reasons for the slow growth of the cord blood banking services market in developing regions.
Statutory Requirements for Operations of Cord Blood Banking Services Impede Market’s Growth
Lack of cord blood units is impeding the growth of the global cord blood banking services market, says a TMR analyst. According to information of ‘Be the Match Registry’ of National Marrow Donor Program (NMDP), only 190,000 cord blood units are available which creates a huge difference to the information availability of over 10 million potential donors.
Need for accreditation for cord blood banking services is also hampering the growth of this market. Global operations of cord blood banking services require accreditation from internationally recognized organizations for maintaining standard and quality of cord blood banking services. These activities involve huge costs and documentation that lead to increased cost for customers. Also, it restricts the entry of players that have less financial capacities.
Request Brochure @ https://www.transparencymarketresearch.com/sample/sample.php?flag=B&rep_id=1741
The global market for cord blood banking services is anticipated to be worth US$26.81 bn by 2019, states TMR. Private cord blood banking services display dominance on the basis of type of storage option in this market.
Currently, North America is the leading market for cord blood banking services due to a high investment in R&D in stem cell research, well laid out government regulations, and adequate knowledge of cord blood banking among the population. However, Asia Pacific is expected to display a substantial 9.1% CAGR between 2013 and 2019 in this market due to increasing penetration of multinational private cord blood banks in the emerging economies of this region.
About Us
Transparency Market Research (TMR) 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. TMR’s experienced team of analysts, researchers, and consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
Contact Us
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA – Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Cord Blood Banking Services Market is Projected to be Worth US$15.23 Bn by 2019 here
News-ID: 1215953 • Views: …
More Releases from Transparency Market Research
Global Solar Powered Agricultural Dryer Market to Exceed USD 2.4 Billion by 2031 …
The global solar powered agricultural dryer market, valued at US$ 1.6 billion in 2022, is projected to grow at a CAGR of 5.8% from 2023 to 2031, reaching US$ 2.4 billion by the end of 2031. Rising investments in renewable energy, growing awareness of sustainable agricultural practices, and the rapid expansion of the agricultural sector driven by population growth are key factors fueling market growth.
Uncover essential discoveries and trends from…
Technetium-99m Market Forecast 2034: Rising Demand for Diagnostic Imaging and Ra …
The global Technetium‐99m Market was valued at US$ 6.0 Billion in 2023 and is projected to grow at a CAGR of 3.3% from 2024 to 2034, surpassing US$ 8.6 Billion by the end of the forecast period. Advancements in nuclear imaging infrastructure, government-backed healthcare initiatives, and an increasing demand for precise diagnostic procedures are fueling this growth.
Discover essential conclusions and data from our Report in this sample -
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=77100
Analysts' Viewpoint
The Technetium‐99m…
Equine Diagnostic Services Market Outlook 2030: From US$ 168 Million in 2019 to …
The global Equine Diagnostic Services Market, valued at approximately US$ 168 million in 2019, is projected to expand at a compound annual growth rate (CAGR) of ~5% from 2020 to 2030, reaching around US$ 280 million by 2030. Equine diagnostic services, encompassing tests like genetic, infectious disease, and imaging diagnostics, are critical for managing horse health in veterinary hospitals, clinics, and mobile settings. The market is driven by increasing equine…
Digital Printing Market to Reach USD 54.4 Billion by 2034, Growing at a CAGR of …
The digital printing market is experiencing strong growth, driven by rapid technological advancements, rising demand for personalized and on-demand printing, and an increasing focus on sustainable solutions. Digital printing allows for the direct transfer of digital files onto a wide range of substrates, offering high-resolution output with greater speed and flexibility. Its adaptability has led to broad adoption across industries such as packaging, textiles, publishing, and advertising-sectors where customization, efficiency,…
More Releases for TMR
Cancer Diagnostics Market Reviews 2031 | TMR Study
According to a Transparency Market Research (TMR) research report, the global cancer diagnostics Market is likely to expand at a CAGR of 7.4% during the forecast period, 2022 to 2031. This suggests that the market is expected to reach US$ 335.7 Bn by the end of 2031.
The study on the cancer diagnostics Market adopts rigorous and systematic research approaches to understand the growth dynamic of the market. The authors have…
LED Work Light Market 2029 | TMR Research
LED Work Light Market: Overview
The LED work light market may gain good momentum in terms of growth across the forecast period of 2019-2029 due to the growing demand from residential segments and the overwhelming benefits it provides. These high-intensity light fixtures are mainly used by technicians to assist them in their work temporarily. The use of LED work lights is increasing among many end-users due to benefits like longevity, durability,…
Dissolved Gas Analyzer Market 2025 | TMR Research
Global Dissolved Gas Analyzer Market: Overview
The high electrical and thermal stress leads to decomposition of mineral oils used inside a power transformer. This in turn leads to generation of hydrogen (H2), carbon di-oxide (CO2), carbon mono-oxide (CO), methane (CH4), ethylene (C2H4), and acetylene (C2H2) among others. The formation of these gases depends upon the faults in the transformer.
To evaluate the nature of the gases and their potential threats, dissolved gas…
Tumblers Market 2028 | TMR Research
The tumblers market is expected to set growth straight with rising demand for new attractive designs for liquors including alcoholic, and non-alcoholic in emerging region of Asia pacific. The rising disposable income, increasing access to quality products, and new product launches customised to suit the taste of the region promise major growth for the tumblers market in near future.
Download Brochure of This Market Report at - https://www.tmrresearch.com/sample/sample?flag=B&rep_id=6200
Among regions, North America,…
Hyperloop Train Market 2025 | TMR Research
Global Hyperloop Train Market: Snapshot
The global market for hyperloop train is likely to exhibit high-speed expansion in the next few years. The demand for cheap and quick modes of transport that incur low base-costs and are built on easier-to-construct infrastructure, are immune to natural calamities such as earthquakes are the key factors expected to work in favor of the global hyperloop train market.
Request Sample Copy of the Report @ https://www.tmrresearch.com/sample/sample?flag=B&rep_id=2000
The…
Crowdsourced Security Market 2018 - 2028 | TMR Research
Crowdsourced Security Market: Overview
The global crowdsourced security market is expected develop at a healthy pace in the coming years of the forecast period of 2018 to 2028. The mobile phone application segment of the crowdsourced security market is expected to develop at a rapid pace in these coming years. The rate of adoption of these mobile application is growing at a great pace and is thus helping the market to…
