Cord Blood Banking Services Market to Expand at 5.6% CAGR CAGR during the forecast period of 2013 to 2019

The Global cord blood banking services market will grow at 5.6% CAGR during the forecast period of 2013 to 2019. In 2012, the global cord blood banking services market was estimated at US$12.4 billion in 2012 and is expected to be worth US$15.23 billion by 2019.Cord blood banking is practiced to use the cord blood stem cells for treating various medical disorders.

 

The main success for stem cell banking includes storing of peripheral blood and bone marrow. Furthermore, donated cord blood has currently become a very reliable source for stem cells and is considered as a valuable biological resource. Factors such as rising parental awareness will drive the acceptance of cord blood banking services. Additionally, advancement in cord blood banking technology will also drive is market.

 

Nevertheless, the global cord blood banking services market’s growth will be constrained by factors such as cost issues and lack of cord blood units. Furthermore, the stringent laboratory and storage requirements and accreditation requirements will suppress the global cord blood banking services market. At present, there are several regulatory bodies governing the global cord blood banking services market. These include the American Association of Blood Banks (AABB), Clinical Laboratory Improvement Amendments (CLIA), FDA Biologics License Application (FDA BLA), International Organization for Standardization (ISO), American Association of Tissue Banks (AATB), Human Tissue Authority (HTA) – UK, Foundation for the Accreditation of Cellular Therapy (FACT), and Joint Accreditation Committee - ISCT – EBMT (JACIE).

 

On the other hand, the opportunities for increasing applications of cord blood cells in the treatment of various therapies and the large untapped market in emerging economies will help players thrive in this market. The key companies operating in the global cord blood banking services market are Cord Blood Registry Systems, Cord Blood America, China Cord Blood Corporation, NeoStem, Cryo-Cell International, and ViaCord.By type of service vendor, the global cord blood banking services market is segmented into public cord blood banks and private cord blood banks. Private cord blood banks are more in demand worldwide, while public cord blood banks tend to contain more units of blood owing to the centralized channels of storage and distribution. This tends to deliver a significant advantage to public cord blood banks, as they have more access to cord blood units, and initiates a virtuous cycle in their favor.

 

Get Sample Report: http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1741

 

Geographically, the global cord blood banking services market is divided into North America, Europe, Asia Pacific, and Rest of the World (RoW). Emerging regions in Asia Pacific provide good growth opportunities for players operating in the global cord blood banking services market. Besides the rising disposable incomes and growing prevalence of chronic diseases, the Asia Pacific cord blood banking services market will also benefit from the presence of several government bodies and rising number of live births.

 

Browse the full Cord Blood Banking Services Market (Private and Public Cord Blood Banks) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019 report at http://www.transparencymarketresearch.com/cord-blood-banking-services.html

About Us

 

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

 

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

 

Contact

 

Mr. Nachiket

State Tower,

90 State Street,

Suite 700,

Albany NY - 12207

United States

Tel: +1-518-618-1030

USA - Canada Toll Free: 866-552-3453

Email: sales@transparencymarketresearch.com 

Website: http://www.transparencymarketresearch.com