Industry Background:
The umbilical cord blood banking is the method of preserving blood from the umbilical cord for the future use. The USB is collected from the umbilical cord of new baby and it is retrieved from the placenta after delivery. It is enriched with adult stem which plays a vital role in regulating all biological activities and in developing tissues in the human body. This preserved cord blood is used in remedial treatments in the similar perspective as that of stem cells obtained from bone marrow. UCB banking market is rapidly growing due to increase in prevalence of chronic diseases and increasing awareness about the benefits of UCB.
This growth is primarily driven by Rise in Number of Childbirth, Growing Awareness Regarding Cord Stem Therapeutic and Simple System of Extraction.
Globally, a noticeable market trend is evident Technological Advancement in Umbilical Cord Blood Banking Procedure and Products. The Biotechnology sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Cord Blood Registry Systems (United States), ATCC (United States), CORDLIFE GROUP (Singapore), Cord Blood America (United States), Caladrius Biosciences (United States), Cryo-Cell International (United States), ViaCord (United States), Esperite N.V. (The Netherlands), Smart Cells International (United Kingdom) and China Cord Blood Corporation (China) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In June 2018,Cryo-Cell International, Inc. the world’s first private cord blood bank to separate and store stem cells in 1992, announced that it has entered into an agreement to acquire substantially all of the assets of Cord Blood Bank, Inc. with additional consideration subject to earnouts as set forth in the Asset Purchase Agreement.
Market Drivers
- Rise in Number of Childbirth
- Growing Awareness Regarding Cord Stem Therapeutic
- Simple System of Extraction
Market Trend
- Technological Advancement in Umbilical Cord Blood Banking Procedure and Products
Restraints
- High Cost of Storage
- Strict License and Accreditation Procedures
- Inferiority in Accepting
Opportunities
Potential Growth in Untapped Region and Advancement in Therapeutic Application
Challenges
Lack of Skilled Professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Umbilical Cord Blood Banking Study Sheds Light on
The Umbilical Cord Blood Banking Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Umbilical Cord Blood Banking industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Umbilical Cord Blood Banking industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.