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 2012-2020. 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.
Market Statistics:
The file offers market sizing and forecast throughout 5 primary currencies USD, EUR GBP, JPY, and AUD. It helps corporation leaders make higher choices when foreign money change records are available with ease. In this report, the years 2020 and 2021 are regarded as historic years, 2020 as the base year, 2021 as the estimated year, and years from 2022 to 2030 are viewed as the forecast period.
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In order to produce a holistic assessment of the market, a variety of factors is considered, including demographics, business cycles, and microeconomic factors specific to the market under study. Cord Blood Banking Services Market report 2021 also contains a comprehensive business analysis of the state of the business, which analyzes innovative ways for business growth and describes critical factors such as prime manufacturers, production value, key regions, and growth rate.
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.
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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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 forKey players:NeoStem, Inc., ViaCord, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cord Blood America, Inc
Market Segment Analysis:The document provides a primary review of the industry along with definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, aggressive panorama evaluation, and key regions development reputation. Development policies and plans are discussed in addition to manufacturing strategies and fee systems are also analyzed. This file additionally states import/export consumption, supply and demand, charge, sales and gross margins.
KEY MARKET SEGMENTS
BY STORAGE SERVICES
Public cord blood banksPrivate cord blood banks
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BY GEOGRAPHY
North AmericaEuropeAsia-PacificROW
KEY AUDIENCES
Pharmaceutical manufacturing companiesMedical device manufacturing companiesPrivate and government research institutes
Table of Content:
Key Questions Answered in the Market Report
How did the COVID-19 pandemic impact the adoption of by various pharmaceutical and life sciences companies? What is the outlook for the impact market during the forecast period 2021-2030? What are the key trends influencing the impact market? How will they influence the market in short-, mid-, and long-term duration? What is the end user perception toward? How is the patent landscape for pharmaceutical quality? Which country/cluster witnessed the highest patent filing from January 2014-June 2021? What are the key factors impacting the impact market? What will be their impact in short-, mid-, and long-term duration? What are the key opportunities areas in the impact market? What is their potential in short-, mid-, and long-term duration? What are the key strategies adopted by companies in the impact market? What are the key application areas of the impact market? Which application is expected to hold the highest growth potential during the forecast period 2021-2030? What is the preferred deployment model for the impact? What is the growth potential of various deployment models present in the market? Who are the key end users of pharmaceutical quality? What is their respective share in the impact market? Which regional market is expected to hold the highest growth potential in the impact market during the forecast period 2021-2030? Which are the key players in the impact market?
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