DUBLIN, Oct. 1, 2021 /PRNewswire/ -- The "North America Stem Cell Umbilical Cord Blood Market, By Storage Services (Private, Public, Hybrid), By Therapeutics (Diabetes, Blood Diseases, Immune Disorders, Others), By Application (Transplant, Regenerative), Estimation & Forecast, 2017 - 2027" report has been added to ResearchAndMarkets.com's offering.

The North American stem cell umbilical cord blood market held a market value of USD 1,356.3 Million in 2020 and is forecasted to reach USD 3,828.3 Million by the year 2027. The market is expected to register a CAGR of 16.5% during the forecast period.

The blood left in the umbilical cord after birth is the cord blood. This blood contains stem cells that have exceptional abilities to grow into different types of cells, such as blood cells, bone marrow cells, and brain cells, among others. These can be used for the treatment of many chronic diseases.

The increasing demand for genetic testing, fertility, and reproduction-assisted services is likely to boost market growth. Moreover, rising spending capacity and suitable payment plans are expected to drive market growth. In October 2020, the National Center for Biotechnology Information published a study, where a 72-year-old critically ill COVID-19 patient was administered 5-time intravenous infusions of umbilical cord blood-derived mesenchymal stem cells (UCB-MSCs). It was found that UCB-MSC therapy might have a certain positive effect in the treatment of critically COVID-19 patients, by delaying the deterioration of the disease and improving renal and respiratory function. Such studies led to the initiation of various researches, hence positively impacting the market growth.

Growth Influencers:

Increasing demand for genetic testing, fertility, and reproduction assisted services

Infertility coupled with genetic issues and other reproduction-related issues creates a vast impact on the psychosocial wellbeing of the affected people, hence leading to poor life quality. According to an MDPI report published in June 2021, approximately 15% of people globally are affected by infertility issues. Around 80% of these couples are helped by the assisted reproduction technology (ART) to conceive. However, some couples cannot conceive even after ART. To help these couples, stem cells are emerging as promising alternative therapeutics in translational research of regenerative medicine. These factors are likely to fuel the market growth.

Rising spending capacity and suitable payment plans

The disposable income of people is rising; hence they are adopting expensive services such as umbilical cord blood storage, which is boosting the market growth. According to Trading Economics, as of May 2021, the personal disposable income in the U.S. was USD 17,955.40. Furthermore, market players are also coming up with suitable payment plans, which are increasing the demand in the market, hence fuelling the market growth during the forecast period.

Regional Overview

On a regional basis, the North American Stem Cell Umbilical Cord Blood market is segmented into the U.S., Canada, and Mexico.

The U.S. region accounted for the largest market share owing to the presence of major key players in the country. The market in Canada and Mexico is expected to grow at significant growth rates owing to the rising adoption of stem cell umbilical cord blood storage services in the country.

Competitive Landscape

Key players operating in the North America Stem Cell Umbilical Cord Blood market include Advanced Cell Technology, Americord Registry Esperite, Athersys, California Stem Cell, CBR Systems, Inc., China Cord Blood Corporation, Cord Blood America, Cordlife Group Limited, Cryo-Cell International, Cryoviva India, Sangamo Therapeutics, Esperite, Excell Thera, Gamida Cell, Geron Corporation, LifeCellInternational, Medipost, Magenta Therapeutics, Mesoblast Limited, Neostem, Cryo-Save, Opexa Therapeutics, Regrow Biosciences Pvt. Ltd., Smart Cells International Ltd., Tacitus, SinoBiological, Stem cell Technologies, Teva Pharmaceuticals, ViaCord, Vita34 AG, NextGen, CSG-BIO, Fate Therapeutics, Inc., and Celaid Therapeutics Inc., among others.

These market players are involved in collaborations, mergers & acquisitions, and new product launches to strengthen their market presence. For instance, in July 2021, Americord strengthened its medical and scientific advisory board by adding multiple industry experts in a strategic push for expanding its ongoing research and development efforts.

The North America Stem Cell Umbilical Cord Blood market report provides insights on the below pointers:

The North America Stem Cell Umbilical Cord Blood market report answers questions such as:

Key Topics Covered:

Chapter 1. Research Framework

Chapter 2. Research Methodology

Chapter 3. Executive Summary: North America Stem Cell Umbilical Cord Blood Market

Chapter 4. North America Stem Cell Umbilical Cord Blood Market Overview

Chapter 5. North America Stem Cells Umbilical Cord Blood Market Analysis, By Therapeutics

Chapter 6. North America Stem Cells Umbilical Cord Blood Market Analysis, By Applications

Chapter 7. North America Stem Cells Umbilical Cord Blood Market Analysis, By Country

Chapter 8. The U.S Stem Cells Umbilical Cord Blood Market Analysis

Chapter 9. Canada Stem Cells Umbilical Cord Blood Market Analysis

Chapter 10. Mexico Stem Cells Umbilical Cord Blood Market Analysis

Chapter 11. Company Profile (Company Overview, Financial Matrix, Key Product landscape, Key Personnel, Key Competitors, Contact Address, and Business Strategy Outlook)

Companies Mentioned

For more information about this report visit https://www.researchandmarkets.com/r/2syc3f

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Stem Cell Umbilical Cord Blood Market in North America 2021 Sees Growth Due to Rising Spending Capacity and Suitable Payment Plans - PRNewswire

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