Title: Umbilical Cord Blood Banking Market Share, Segmentation, Report 2024
1Umbilical Cord Blood Banking Market Size,
Industry Analysis Report, Regional Outlook 2017
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
2Regional Analysis of Umbilical Cord Blood Banking
Market
- North America dominated the industry in 2016
pertaining to the presence of well-established
public and private blood banks along with
increasing demand for cord blood and tissue for
treatment of devastating diseases. - Moreover, the U.S. will play a significant role
in amplifying the North America share, owing to
the rising prevalence of chronic ailments coupled
with rising funding for stem cell research in the
region. For instance, - National Institute of Health (NIH) has invested
USD 42 million in 2016 for umbilical cord blood
stem cell research in the U.S. which further
escalates the demand for storage in the coming
years.
3- India umbilical cord blood banking market will
grow at a rapid pace and should drive the Asia
Pacific market share in the coming years. - Rising patient pool, unavailability of matching
donor for stem cell transplant for cancer
treatment coupled with unaffordable treatment
procedures will fuel the demand for storage of
own blood cells for treatment of life-threatening
diseases thereby stimulating the overall industry
growth in the future.
4Competitive Market Share of Umbilical Cord Blood
Banking Market
- Key industry players include CBR Systems,
AmeriCord, StemCyte, LifeCell, CorCell, CryoSave,
Cryo-Cell, Cordlife, Cryoviva, ViaCord, Cell
Care, China Cord Blood and FamilyCord. - The companies are focusing on innovative product
launch and strategic alliances to expand their
business portfolio. In October 2016, Australias
largest cord blood bank - Cell Care entered an
acquisition agreement with Insception Lifebank
which forms Canadas largest repository. - This strategy enables the combined entity to
expand its RD activities across the globe
thereby augmenting business growth over the
forecast period.
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