Preserving Life's Potential: The Importance of Cord Blood and Cell Banking in Medical Advancements

Umbilical cord blood storage facilities that collect it after childbirth make up the global cord blood and cell banking market. Various chronic and life-threatening disorders can be treated with stem cells from cord blood.

Data Bridge Market Research analyses that the cord blood and cell banking market which was USD 1.5 billion in 2021, would rocket up to USD 3.97 billion by 2029, and is expected to undergo a CAGR of 12.92% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Cord Blood and Cell Banking Market Dynamics
Drivers

Rise in chronic diseases

A few of the factors that will boost the growth of the cord blood and cell banking market in the forecast period of 2022 to 2029 include the government providing funds and investments for public storage, an increase in fatal chronic disease incidences, an increase in research activities for the development of various applications of cord blood, and an increase in public awareness of the prevalence of advanced therapeutics.

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COVID-19 Impact on Cord Blood and Cell Banking Market

The COVID-19 pandemic has impact the global economies and affected several healthcare services, including cord blood and blood component providers. Major cord blood banking companies saw a reduction in subscriptions of between 15 and 20 percent and a decline in revenue of between 5 and 10 percent. Although there is little evidence of vertical transmission, the cord banking industry's expansion was constrained by the worry that illness would spread. One of the main causes of the income drop for key players in 2020 was due to this.
Competitive Landscape and Cord Blood and Cell

Banking Market Share Analysis
The cord blood and cell banking market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to cord blood and cell banking market.

Some of the major players operating in the cord blood and cell banking market are:
• CBR Systems, Inc. (U.S.)
• Americord Registry LLC. (U.S.)
• CORDLIFE India (Singapore)
• Cryo-Cell International, Inc. (U.S.)
• ESPERITE NV (Netherlands)
• Cord for Life Foundation (U.S.)
• National Cord Blood Program (U.S.)

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