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

Cord Blood Banking Services Market Snapshot:

The 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. The cord blood is applicable to treat more than 70 types of diseases, including immune system diseases, genetic disorders, neurologic disorders, and some forms of cancers. Cord blood banking is important for securing future health of a child and family. On account of this the market is anticipated to show lucrative growth in coming years.

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.
The growing number of funds for public storage of cord blood banking service, rising investment for private cord blood banking services, and extensive R&D activities regarding cord blood are expected to drive the market. Increasing prevalence of fetal chronic diseases is projected to offer a lucrative growth during forecast period 2019–2026. 

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The Major Prominent 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).

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

Intended Audience:
Public, Private, and tissue banks, community stem cell banks, and biobanks
Cord Blood associations and organizations
Government regulatory authorities
Regenerative medicine and cellular therapy manufacturers
Pharmaceutical & biopharmaceutical product manufacturers
Healthcare service providers (including hospitals, surgical centers, and dental clinics)
National and regional research boards and organizations
Research and development (R&D) companies
Clinical research organizations (CROs)
Research laboratories and academic institutes
Government payers and private insurance companies

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.

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Key Questions Answered in The Report:
What will the Cord Blood Banking Services market growth rate?
What are the key factors driving the global Cord Blood Banking Services market?
Who are the key manufacturers in the Cord Blood Banking Services market space?
What are the market opportunities, market risk, and market overview of the Cord Blood Banking Services market?
What are sales, revenue, and price analysis of top manufacturers of the Cord Blood Banking Services market?
Who are the distributors, traders, and dealers of the Cord Blood Banking Services market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the Cord Blood Banking Services Industry?
What are sales, revenue, and price analysis by regions of Cord Blood Banking Services industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

Why buy this report right now?
Historical inferences, findings & analysis of the market from 2016 to 2018
Projections and performance forecast analysis for the future from 2019 to 2026
Production and consumption point of view (POV) analysis
Market drivers, restraint and opportunity analysis, to define market dynamics covering industry, regulatory, innovation, technological & pricing trends
Comprehensive competitive landscape mapping with recent development covering market leadership, competency, sustainability, and prospects

Key Cord Blood Banking Services Market Trends:
- The report identifies, determines, and forecasts the Global Cord Blood Banking Services Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the Cord Blood Banking Services Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global Cord Blood Banking Services Market.

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