Global $4.81 Bn Cord Blood Banking Services Market Forecasts 2018-2023 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 13, 2018--The “Cord Blood Banking Services Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.Global cord blood banking services market is expected to exhibit a CAGR of 12.40% from 2017 to 2023. At the end of this forecast period, the market is expected to grow from US$2.389 billion in 2017 to US$4.816 billion in 2023. Cord blood banks are locations where individuals can store blood from the umbilical cord for future use and are equipped with the latest technologies with respect to medical data-keeping and storage. Cord blood banks are public or private and generally charge an annual fee for storage and maintenance. However, increasing expenditure on healthcare, and growing demand for advanced healthcare facilities including prevention and treatment. The most common applications of cord blood services include cerebral palsy, leukemia, thalassemia, anemia, autism, diabetes, and others.Several driving factors such as rising birth rate, higher prevalence of various diseases, a rise in disposable income, and higher R & D in the stem cell therapy to increase the potential for application for treatment of various diseases. The awareness about cord blood banks is also rising due to growing awareness among the population which is mainly lead by marketing activities conducted by private vendors. However, high competition couple high cost of maintenance is anticipated to hinder growth of cord blood baking services market. Also, one of the major challenges for the global cord blood bank services market is lack of standard accreditation across the industry.
Major industry players profiled as part of the report are CBR Systems, Inc., Cordlife, Cryo-Cell, Cryo-Save AG, LifeCell, and Stemcyte among others.
By Bank TypePublic Cord Blood BanksPrivate Cord Blood Banks
By ServicesCollection and TransportationProcessingAnalysisStorage
Key Topics Covered:
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Cord Blood Banking Services Market By Bank Type
6. Cord Blood Banking Services Market By Service Type
7. Cord Blood Banking Services Market By Geography
8. Competitive Intelligence
9. Company ProfilesCBR Systems, Inc.CordlifeCryo-CellCryo-Save AGLifeCellStemcyteViacordSmart Cells International LtdCryoviva IndiaCordvidaFor more information about this report visit https://www.researchandmarkets.com/research/mqs4zx/global_4_81_bn?w=4
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Related Topics:Stem Cells,Blood Banking
INDUSTRY KEYWORD: HEALTH OTHER HEALTH
SOURCE: Research and Markets
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PUB: 09/13/2018 06:10 AM/DISC: 09/13/2018 06:10 AM