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Cord Blood Banking Services Market Size and Shares Forecasts till 2026 | Exclusively Available at StraitsResearch.com

09-08-2021 06:34 AM CET | Health & Medicine

Press release from: StraitsResearch

Cord Blood Banking Services Market

Cord Blood Banking Services Market

Global cord blood banking services market accounted for USD 1,142 million in 2017 and is expected to grow at a CAGR of 13.9% during the forecast period 2019–2026. Cord blood contains special cells called hematopoietic stem cells that can be used to treat several invasive diseases.

Increasing prevalence of invasive diseases is creating awareness among people to opt for cord blood banking services. Across the globe there were more than 13 million registered volunteer donors in 2017. In India more than 30,000 people are diagnosed annually with diseases that require stem cell transplants. Out of that 75% individuals do not have a matching relative for a bone marrow transplant and 70% cannot find a matching donor.

Regeneration ability of Cord blood cells created huge R&D opportunities in life science with advanced medication facilities to invasive diseases. Using cord blood more than 70 types of diseases can be treated without side effects is creating huge opportunity in for the blood banking services market. Increasing government initiative for the advancement of medication in invasive diseases is fueling market growth.

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The Major Players Covered in this Report: Cordlife Group Limited (Singapore), CBR Systems, Inc. (U.S.), Cryo-Cell International, Inc (U.S.)., Cryo-Save AG (Netherlands), Lifeforce Cryobanks(U.S.), National Cord Blood Program(U.S.), ViaCord, Inc.(U.S.) and Virgin Health Bank(U.K)., & More...

By Bank Type, Private, Public, Hybrid
By Services, Collection and Transportation, Processing, Analysis, Storage

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Growing Domestic Demand and Expanding Pharmaceutical Sector to Drive the Demand for Cord Blood Banking Services in the APAC Region:
Asia-Pacific region is anticipated to hold the largest market share in the global Cord Blood Banking Services market during the forecast period 2019-2026. The growth in this region can be attributed to the presence of emerging economies like India, China, Japan, Vietnam, and Indonesia, which account for the largest share in this region. India is one of the largest producers of Cord Blood Banking Services and a major exporter of the product to various countries across the globe. India accounts for around 80% of the world’s exports of Cord Blood Banking Services. The favorable climatic conditions and growth of agricultural inputs and allied services like cold storage and warehousing in India are prompting higher production.

Why buy this report right now?
a.) Historical inferences, findings & analysis of the market from 2016 to 2018

b.) Projections and performance forecast analysis for the future from 2019 to 2026

c.) Production and consumption point of view (POV) analysis

d.) Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends

e.) Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects

View Full Report @ https://straitsresearch.com/report/cord-blood-banking-services-market/

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