The Global Cord Blood Banking Services Market is projected to grow at CAGR of 12.40% between 2018 and 2023
The report published by Knowledge Sourcing Intelligence titled “Global Cord Blood Banking Services Market- Forecast From 2018 to 2023” studies the various factors affecting the demand for cord blood banking services worldwide. The report has been segmented by bank type (public cord blood banks, private cord blood banks), and services (collection and transportation, processing, analysis, storage).
In addition, the global cord blood banking services market has been estimated based on the geography, covering five regions namely North America, South America, Europe, Middle East and Africa and Asia Pacific, and some of the major economies in each of these regions. The demand for cord blood banking services would primarily be driven by increasing awareness and application of cord blood and stem cells in genetic disease treatment. Moreover, increasing the interest of healthcare companies to invest in research and commercialization of cord blood stem cell due to rising government support pose an interesting opportunity for existing and new market players around the world. However, the high cost of storage of the cord blood cells and stringent regulatory requirements might restrain the growth of the market during the given time frame.
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By bank type, the private cord blood bank is anticipated to grow at a robust CAGR during the forecast period.
It is estimated that private cord blood bank will show a significant growth in the global cord blood banking services market owing to the rising customer base due to the number of marketing strategies practices and implemented by the private players. Suitable and customized payment plans offered by the players will also contribute to the growth of the segment during the given forecast period.
The North America region is estimated to hold the lion’s share in the global cord blood banking services market throughout the forecast period.
Geographically, North America holds the largest market share due to the presence of well-known players in the region. Also, high awareness among the population coupled with well-developed healthcare infrastructure has further provided a boost to the cord blood banking services market in the region. On the other hand, Asia Pacific is expected to show robust growth investments in the healthcare sector coupled with the rising efforts from the manufacturers to tap the growth opportunities in the region.
This report also includes a study of strategies and product portfolios of some of the leading companies in the global cord blood banking services market. It consists of company profiles of the leading companies such as CBR Systems, Inc., Cordlife, Cryo-Cell and Cryo-Save AG, among others.
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Knowledge Sourcing Intelligence (KSI) is a market research and consulting organization based out of India. KSI publishes research studies spanning across ten industry verticals. KSI has a team of experienced and young professionals with a singular focus on delivering high-quality research services to enterprises, non-government organizations, government agencies, and research institutes and organizations. We publish hundreds of reports per year centering on niche and latest technologies. We engage with key decision makers and stakeholders across the value chain to provide clients with a detailed analysis and bird’s-eye view of the market with whole market dynamics, statistical forecasts, competitive analysis, key trends, market drivers and challenges and strategic recommendations for making informed decisions. Our success lies in the effort of our analysts who strive to meet client expectations by delivering quality work within the stipulated deadlines.
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