Market Analysis: Global Cord Stem Cell Banking Market
Global Cord stem cell banking market is estimated to reach USD 13.8 billion by 2026 registering a healthy CAGR of 22.4%. The increasing number of parents storing their child’s cord blood, acceptance of stem cell therapeutics, high applicability of stem cells are key driver to the market.
Market Definition: Global Cord Stem Cell Banking Market
Cord stem cells banking is nothing but the storing of the cord blood cell contained in the umbilical cord and placenta of a newborn child. This cord blood contains the stem cells which can be used in future to treat disease such as leukemia, thalassemia, autoimmune diseases, and inherited metabolic disorders, and few others.
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- Increasing number of parents storing their child’s cord blood
- Increased acceptance of stem cell therapeutics
- New applications of stem cells in disease treatment
- High operating cost of stem cell therapeutics
- Lack of awareness in many developing economies
Segmentation: Global Cord Stem Cell Banking Market
Global Cord Stem Cell Banking Market By Storage Type (Private Banking, Public Banking), Product Type (Cord Blood, Cord Blood & Cord Tissue), Service Type (Collection & Transportation, Processing, Analysis, Storage), Source (Umbilical Cord Blood, Bone Marrow, Peripheral Blood Stem, Menstrual Blood), Indication (Cerebral Palsy, Thalassemia, Leukemia, Diabetes, Autism), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Key Developments in the Market:
- In November 2018, ‘Life Cell’ India’s leading provider of preventive healthcare services launched new television commercial to aware the people about cord stem cells banking. This commercial will help the company to catch better market in India
- In June 2018, Cells4life UK’s leading blood cord bank launched new technology called as Toticyte. It enables to take as little as 10mls from the residual blood left in the placenta after delayed and optimal cord clamping. It delivers 3 times more stem cells comparing over any other method
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Competitive Analysis: Global Cord Stem Cell Banking Market
Global cord stem cell banking market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions and others to increase their footprints in this market. The report includes market shares of cord stem cell banking market for Global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Key Market Competitors: Global Cord Stem Cell Banking Market
Few of the major market competitors currently working in the global cord stem cell banking market are CBR Systems, Inc., Cordlife, Cells4Life Group LLP, Cryo-Cell International, Inc., Cryo-Save AG, Lifecell, StemCyte India Therapeutics Pvt. Ltd, Viacord, SMART CELLS PLUS., Cryoviva India, Global Cord Blood Corporation, National Cord Blood Program, Vita 34, ReeLabs Pvt. Ltd., Regrow Biosciences Pvt. Ltd. , ACROBiosystems., Americord Registry LLC., New York Blood Center, Maze Cord Blood, GoodCell., AABB, Stem Cell Cryobank, New England Cryogenic Center, Inc. among others
Research Methodology: Global Cord Stem Cell Banking Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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Reasons to Purchase this Report
- Current and future of global cord stem cell banking market outlook in the developed and emerging markets
- The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
- Regions/Countries that are expected to witness the fastest growth rates during the forecast period
- The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
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