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Cord Blood Banking Services Market to Expand at 5.6% CAGR thanks to Untapped Opportunity in Asia Pacific
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.
- Based on Type of Service Vendor
- Private cord blood banks
- Public cord blood banks
- Based on Geography
- North America
- United States
- Canada
- Europe
- UK
- Spain
- France
- Germany
- Italy
- Belgium
- Asia-Pacific
- India
- China
- Japan
- Australia
- New Zealand
- Philippines
- Rest of the World
- Brazil
- Argentina
- Middle Eastern Countries
- Russia
- North America
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Transparency Market Research
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