Global Market For Cord Blood Banking (CBB) Service is expected to reach over USD 12 billion by 2022, growing at an
estimated CAGR of around 11% from 2015 to 2022, according to a new report by
Grand View Research, Inc. Key drivers of the market include increasing application
of stem cell therapy in disease treatment, and rising prevalence of life
threatening genetic disorders.
Moreover, increasing spending capacity is fueling the demand for advanced
healthcare facilities including prevention and treatment. As a result, parents
are increasingly demanding CBB Service to ensure safety of their child’s
future. Furthermore, private players are practicing marketing activities which
are creating awareness about the availability of the CBB Service and their
benefits.
In addition, governments worldwide are promoting public CBB to develop
ethnically diverse cord blood repository which would increase the chances of
finding suitable human leukocyte antigen (HLA) match for the patients. As a
result, availability of the ethnically rich CB repository coupled with
anticipated rise in the stem cell therapies and bone marrow transplants, is
expected to spur the CBB Service during the forecast period.
Full Research
Report on Global Cord Blood Banking Service Market Analysis:
http://www.grandviewresearch.com/industry-analysis/cord-blood-banking-services-market
http://www.grandviewresearch.com/industry-analysis/cord-blood-banking-services-market
Further key
findings from the study suggest:
- Private bank
segment accounted for the largest market share in 2014. High cost of
collection, processing, and storage along with the maximum awareness
created by marketing activities practiced by the players resulted in large
market share of private banks in the world.
- Rising government
support and no storage and collection costs are the major factors
anticipated to drive the public banking segment during the forecast period
from 2015 to 2022 with highest CAGR.
- North America
dominated the global market and was followed by Europe in 2014. Dominance
of North America is accounted by government support and high penetration
rate of stem cell therapy in the U.S. and Canada. Moreover, high awareness
and insurance coverage of cord blood banking and stem cell therapies is
further boosting the growth of the market in North America.
- Densely
populated emerging countries of Asia Pacific are anticipated to show
significant growth during the forecast period from 2015 to 2022. Factors
such as increasing investment by global players, government support and
rising healthcare expenditure are anticipated to boost the cord blood
banking Service market in Asia Pacific.
- Global cord
blood banking Service market is highly fragmented with presence of many
private and public players. Few global players operate in various
geographies through subsidiaries. While local players are operating
independently in respective geographies.
- Key players of
this market include 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. and Virgin Health Bank
View more reports
of this category by Grand View Research at: http://www.grandviewresearch.com/industry/biotechnology
Grand View Research
has segmented the Global Cord Blood Banking Service Market on the basis of bank
types and region:
Cord Blood Banking
Service Outlook, 2012 - 2022, Revenue (USD Million), Volume (Number of Units)
- Public Banks
- Private Banks
Cord Blood Banking
Service Regional Outlook, 2012 - 2022, Revenue (USD Million), Volume (Number of
Units)
·
North America
·
U.S.
§ U.S. Cord Blood
Banking Service Market, by Bank Type
· Canada
§ Canada Cord Blood
Banking Service Market, by Bank Type
· Europe
· Germany
§ Germany Cord Blood
Banking Service Market, by Bank Type
· UK
§ UK Cord Blood Banking
Service Market, by Bank Type
· France
§ France Cord Blood
Banking Service Market, by Bank Type
· Italy
§ Italy Cord Blood Banking
Service Market, by Bank Type
· Asia Pacific
· Japan
§ Japan Cord Blood
Banking Service Market, by Bank Type
· China
§ China Cord Blood
Banking Service Market, by Bank Type
· India
§ India Cord Blood
Banking Service Market, by Bank Type
· Latin America
· Brazil
§ Brazil Cord Blood
Banking Service Market, by Bank Type
· MEA
· South Africa
§ South Africa Cord
Blood Banking Service Market, by Bank Type
View Press Release of this research
report by Grand View Research: http://www.grandviewresearch.com/press-release/global-cord-blood-banking-service-market
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
For More Information: www.grandviewresearch.com
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