According to a new
market report published by Transparency Market Research, "Cord Blood Banking Services
Market (Private and Public Cord Blood Banks) - Global
Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019",
the global cord blood banking services market was valued at USD 12.40 billion in 2012 and is expected to grow at a
CAGR of 5.6% from 2013 to 2019, to reach an estimated value of USD 15.23 billion in 2019.
Browse the full report
with complete TOC : http://www.transparencymarketresearch.com/cord-blood-banking-services.html
Cord blood banking (CBB)
is one of the fastest growing segments of the healthcare industry. Factors such
as increasing awareness, initiatives taken by governments to regulate the CBB
industry, an increasing number of diseases that can be treated using stem cell
therapy and growing concerns about developing worldwide cord blood inventory
will have an impact on the current model of the cord blood banking industry.
The global cord blood
banking services market is segmented on the basis of type of service vendor and
geography. Based on service vendor type the cord blood banking market is
classified into private cord blood banks and public cord blood banks. The
market share of
private cord blood banks
is larger than the public cord blood banks as private banks charge the service
right from the collection of the cord blood followed by storage and processing
charges, spends more on advertising and incentives as compared to public banks.
It is expected that the global market for private banks will reach USD 11.58 billion in 2019 with the market growing at
CAGR of 1.9% from 2013 to 2019. The shift from storing cord blood in private
banks to public banks is growing the market share of public cord blood banks
globally.
The
United States, and some
of the European countries such as the U.K. and Spain,
are leading in cord blood banking services. Asian countries like China and India are
emerging markets with higher population growth rate. UAE, Qatar and Saudi Arabia are
some of the lucrative markets in RoW.
North
America currently
dominates the market but in future developing countries in Asia will lead the market. Growth drivers
in the North American market are increasing awareness about the cord blood
banking services, stem cell therapy and affordable cost.
Some of the key market
players operating in this market include Cord Blood America, Inc., NeoStem,
Inc., Cryo-Cell International, Inc., Cord Blood Registry Systems, Inc. and
China Cord Blood Corporation.
The global cord blood banking services market is segmented as follows:
- Based on Type of
Service Vendor
- Private cord
blood banks
- Public cord blood
banks
- Based on Geography
- North America
- United States
- Canada
- Europe
- UK
- Spain
- France
- Germany
- Italy
- Belgium
- Asia-Pacific
- India
- China
- Japan
- Australia
- New Zealand
- Philippines
- Rest of the World
- Brazil
- Argentina
- Middle Eastern
Countries
- Russia
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