Umbilical cord blood bank is storage facility that collects cord blood after the childbirth from placenta. Cord blood is rich source of stem cell used in treatment of different chronic diseases. Private and public cord blood banks are the two major types of banks that are prevalent in the cord blood bank market. Cord blood market is expected to grow at 33.5% CAGR from 2020-2026. Public cord blood banks share more revenue as compared to private cord blood banks. Increase in awareness for cord blood storage by the government and private organizations is supporting the growth of UCB stem cell storage market. There are more than 200 public cord blood banks present in world funded by government and non-profit organizations.
Most of the cord blood banks are facing ethical problems regarding sample security. This factor is majorly responsible for decrease in the growth of cord blood banking. This report provides information about current trends for cord blood storage. Current pricing scenario for private cord blood banks and ethical issues faced by public cord blood banks is explained in this report.
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The Centers for Medicare and Medicaid Services report that US healthcare expenditures grew by 4.6% to US$ 3.8 trillion in 2019, or US$ 11,582 per person, and accounted for 17.7% of GDP. Also, the federal government accounted for 29.0% of the total health expenditures, followed by households (28.4%). State and local governments accounted for 16.1% of total health care expenditures, while other private revenues accounted for 7.5%.
This study aims to define market sizes and forecast the values for different segments and countries in the coming eight years. The study aims to include qualitative and quantitative perspectives about the industry within the regions and countries covered in the report. The report also outlines the significant factors, such as driving factors and challenges, that will determine the markets future growth.
Key players in cord blood banking industry includes;NeoStem, Inc., ViaCord, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cord Blood America, Inc.
KEY BENEFITS
Market estimation made in this report are the result of analysis of primary and secondary data collected from authenticated sourcesThe report analyzes the key strategies adopted by top market players in cord blood banking industryImpact analysis of top 10 factors to provide market situation to top management of UCB cord blood banksValue chain analysis, Porters five forces, top investment pockets are analyzed and presented in detail in the reportCompetitive landscape of key market players is analyzed to provide market intelligence of current trendsSWOT analysis and strategic developments are included in the report for Key players: NeoStem, Inc., ViaCord, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cord Blood America, IncAccess Complete Report Here:https://reportocean.com/industry-verticals/sample-request?report_id=27082
KEY MARKET SEGMENTS
BY STORAGE SERVICES
Public cord blood banksPrivate cord blood banks
BY GEOGRAPHY
North AmericaEuropeAsia-PacificROW
KEY AUDIENCES
Pharmaceutical manufacturing companiesMedical device manufacturing companiesPrivate and government research institutes
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