Market Snapshot:
Rapid advancement in cord blood storage and processing technologies aid in the rapid expansion of the Cord Blood Bank (CBB) market. Also, With the increased spending capacity of the people and the demand for advanced healthcare facilities including disease prevention and treatment, these factors are boosting the global cord blood bank market. Cord blood banks are the location where blood can be stored from the umbilical cord for future use. These are involved in medical data keeping and storage which also charge annual fees for storage and maintenance. The increasing application of cord blood and stem cells in genetic disease treatment is primarily driving the global cord blood banking services market.
Market Trend
Pairing of Stem Cell Storage Services with Genetic and Genomic Testing Services Along with Reproductive Health Services
Market Drivers
Increased Birth Rate and High Prevalence of Chronic Diseases, Higher Research and Development in Stem Cell Therapy Leading to Increase Potential of Numerous Diseases and Hematopoietic Stem Cell (HSC) Transplantation
Opportunities
Accelerated Regulatory Pathways for Cell Therapies in Leading Healthcare Market Worldwide
The Players Covered in the Study are:
CBR systems, Inc. (United States), Cordlife (Singapore), Cryo-cell (United States), Cryo-Save AG (Europe), LifeCell (India), Stemcyte (India), ViaCord,Inc. (United States), Virgin Health Bank (U.K) and Neostem, Inc.(United States)
Regulatory Framework:
Governments are Promoting Public CBB to Develop Ethnically Diverse Cord Blood Repository Which Would Increase the Chances of Finding Suitable Human Leukocyte Antigen (HLA) Match for the Patients.
Available Customization:
List of players that can be included in the study on immediate basis are America Cell Biobank, Inc. (United States), Banco de Cordon Umbilical (BCU) (Mexico), China Cord Blood Corporation (China), Cord Blood America, Inc.(United States), National Cord Blood Program (United States), NeoStem, Inc.(United States), Redcord S.A.(United States) and Singapore Cord Blood Bank (Singapore).