Cord Blood Banking Services Market Size & Analysis – Forecasts To 2025

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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Ankita Roy, Treesha Banerjee and
Liza Dsouza from Global Market Estimates throw
the spotlight on the growing Cord Blood Banking
Services Market. Market Insights The global cord
blood banking services market is expected to grow
at a significant rate over the forecast period
on account of rising application of stem cells
and cord blood cells in treatment of diseases
such as blood diseases and cancer among others.
Along with this, the increasing number of
service providers coupled with rising awareness
about the benefits associated with cord blood is
also likely to stimulate market
growth. Moreover, rising incidence of diseases
such as cancer and other genetic diseases
globally is anticipated to augment market growth
over the coming years. However, high cost
associated with collection storage of stem
cell units is projected to affect the
profitability of the market.
Cord Blood Banking Services Market Type
Insights On the basis of type, the cord blood
banking services market is segmented into public,
private, and hybrid banks. The market for
private banks is expected to occupy the highest
share owing to their high cost associated with
storage and collection of CB unit charged to
parents. Along with this, rising customer base
of private banks as compared to public banks is
projected to augment market growth. The public
bank is also projected to grow significantly over
the years on account of rising government
initiatives to increase the number of units
stored in these banks.
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GLOBAL MARKET ESTIMATES RESEARCH
CONSULTANTS Cord Blood Banking Services Market
Regional Insights North America occupied the
largest share of the market since the past few
years. This can be attributed to presence of key
manufacturers in this region. Along with this,
rising awareness of benefits of cord blood and
stem cells in this region is likely to favor the
market growth. Asia Pacific and Europe are also
expected to emerge as key revenue generating
regions. This can be associated with rising
incidence of diseases including blood diseases
and cancer among others. Moreover, growing
healthcare expenditure in this region is likely
to stimulate market growth. Demand is expected
to arise from countries such as Hong Kong, China,
India and Japan.
Cord Blood Banking Services Market Vendor
Landscape The report contains a chapter
dedicated to vendors operating in the market,
covering raw material manufactures, equipment
developers, manufacturers, and distributors. The
report provides these insights on a regional
level. This section of the report entails contact
details, experience, products manufactured/suppli
ed, and geographical presence of
companies. Cord Blood Banking Services Market
End-Use Landscape The end-use landscape entails
a list of current and prospective consumers
prevailing across the regions. This section
provides company addresses, contact details,
products, and regional presence of companies who
are purchasing or are likely to purchase cord
blood banking services over the coming years.
Some leading consumers of this market are
UnitedHealth Group, Abbott Laboratories,
Medtronic, Cardinal Health and Express Scripts.
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• GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
• Cord Blood Banking Services Market Market Share
  Competitor Analysis
• The key players include China Cord Blood
  Corporation, Cordlife Group Limited, CBR Systems,
  Inc., Virgin Health Bank, National Cord Blood
  Program, Cryo-Cell International, Inc., Cryo-Save
  AG, Lifeforce Cryobanks, Cord Blood America,
  Inc., and ViaCord, Inc.
• In January 2018, Cordlife Group, the Singapore
  consumer healthcare company announced signing an
  agreement with HealthBaby Biotech, a private Hong
  Kong cord blood bank. This acquisition is
  expected to expand the presence of the former in
  the cord blood industry in Hong Kong and Macau.
• In January 2018, HemaCare Corporation, a leading
  provider of blood cells and tissues for
  biomedical research announced partnership with
  OneBlood, Inc, a not-for-profit blood center
  based in Florida. The partnership is expected to
  be mutually beneficial for both the parties as it
  is projected to provide scientists and clinical
  researchers equipment to find the next generation
  medical cures.
• The report segments the Cord Blood Banking
  Services Market on the basis of By Bank Type
• Public
• Private
• Hybrid
• By Region
• North America
• Europe

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GLOBAL MARKET ESTIMATES RESEARCH CONSULTANTS
This article contains text from the Cord Blood
Banking Services Market Size Analysis
Forecasts To 2025 report prepared by Global
Market Estimates. For more information or to buy
the report, please visit https//www.globalmarke
testimates.com/cord-blood-banking-services-
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