Cord Blood Banking Services Market

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Cord Blood Banking Services Market
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Cord Blood Banking Services Market to reach at
2,772 million by 2023 Allied Market Research
The rise in awareness related to the benefits of
using cord blood stem cells for the treatment of
chronic diseases, such as cancer, has led to an
increase in the government initiative leading to
an increase in number of cord blood banks, which
is expected to fuel the market growth of cord
blood banking services. The global cord blood
banking services market accounted for 1,126
million in 2016, and is estimated to reach at
2,772 million by 2023, registering a CAGR of
13.8 from 2017 to 2023. North America was the
highest revenue contributor in the global market
in 2016 however, Asia-Pacific is expected to
witness the highest growth rate during the
forecast period.

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Drivers, Restraints, and Opportunities The impact
of the driving factors is expected to surpass the
effect of restraints. Moreover, advancement in
therapeutic application, untapped opportunities
in the developing regions, and initiatives to
spread awareness are expected to provide new
avenues for the growth of market in the near
future. High cost associated with the
processing, difficulty in finding a match in the
donor list of public cord blood banks, and legal
ethical issues related to collection of cord
blood are expected to hamper this growth.
Conversely, advancement in the stem cell
therapeutics and presence of untapped potential
in the developing and developed regions are
expected to provide various opportunities to the
cord blood banking services.
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• List of key players profiled in the report
• China Cord Blood Corporation
• Cord Blood America, Inc.
• CBR Systems, Inc.
• Cordlife Group Limited
• Cryo-Cell International, Inc.
• Cryo-Save AG
• Lifeforce Cryobanks
• National Cord Blood Program
• ViaCord, Inc.
• Virgin Health Bank
• CordVida
• Americord
• CryoHoldco
• Vita34.

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Allied Market Research (AMR) is a full-service
market research and business-consulting wing of
Allied Analytics LLP based in Portland, Oregon.
Allied Market Research provides global
enterprises as well as medium and small
businesses with unmatched quality of "Market
Research Reports" and "Business Intelligence
Solutions." AMR has a targeted view to provide
business insights and consulting to assist its
clients to make strategic business decisions and
achieve sustainable growth in their respective
market domain.
We are in professional corporate relations with
various companies and this helps us in digging
out market data that helps us generate accurate
research data tables and confirms utmost accuracy
in our market forecasting. Allied Market Research
CEO Pawan Kumar is instrumental in inspiring and
encouraging everyone associated with the company
to maintain high quality of data and help clients
in every way possible to achieve success. Each
and every data presented in the reports published
by us is extracted through primary interviews
with top officials from leading companies of
domain concerned. Our secondary data procurement
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research and discussion with knowledgeable
professionals and analysts in the industry.
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