Global Cord Blood Banking Services Market Analysis, Size, Share, Trends and Forecast, 2013 - 2019

Cord blood stem cells have gained much attention in recent years thanks to their ability to repopulate blood and treat a number of medical conditions. This has also brought the importance of umbilical cord blood banking into focus, leading to several such banks being set up across the world. The foundation for the growth of the cord blood banking services market has already been laid in developed and emerging countries, and the growth of the market will continue as new advances in technology are reported.

The report studies the cord blood banking services market on the basis of service vendor and geography. By service vendor type, the market is segmented into public cord blood banks and private cord blood banks. Likewise, on the basis of geography, the report segments the cord blood banking services market into North America (United States and Canada), Europe (UK, France, Spain, Italy, Belgium, and Germany), Asia Pacific (China, India, Australia, Philippines, New Zealand, and Japan), and Rest of the World (Argentina, Brazil, Russia, and the Middle East).

Get sample report copy or for further inquiries http://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1741

Overview of the Cord Blood Banking Services Market

Owing to the fact that cord blood banking is pivotal to the wider adoption of stem cell therapy, there is no dearth of conducive factors for the growth of the cord blood banking services market. It is expected that the global cord blood banking services market will log a compounded annual growth rate (CAGR) of 5.6% from 2013 through 2019. In 2012, the cord blood banking services market stood at US$12.4 bn. The market is expected to rise to US$15.23 bn by the end of 2019. 
As parents become more aware about the advantages offered by stem cell therapy, the adoption rates will also rise. This factor will play a crucial role in helping the cord blood banking services market expand over the next few years. In terms of units, the number of private cord blood banks is higher than that of public banks. However, when analyzed from the standpoint of units stored, it is the public cord blood banks that assume the leading position. 

This market is currently brimming with opportunities, but faces restraints because the high cost of stem cell therapy deters consumers from opting for the same. Companies wanting to venture into this space have to be compliant with a variety of accreditation requirements as well as a series of storage and handling mandates. This is yet another challenge that companies in the cord blood banking services market find themselves faced against. Nevertheless, the enormous white space that exists in emerging economies will help mitigate some of these restraints that exist in the cord blood banking services. 

North America is the dominant regional market for cord blood banking services whereas Europe ranks second globally. The sizeable cord blood banking services markets in these countries can be credited to supportive government policies and more consumers here opting for stem cell therapy. Cord blood banking in China and India has gained momentum in recent years; this will open a new window of opportunity for cord blood banking service providers. 

Browse Full Report with TOC @ http://www.transparencymarketresearch.com/cord-blood-banking-services.html

Companies Profiled in the Cord Blood Banking Services Market 

The report analyzes the current size, capacity, revenue, and other relevant details pertaining to leading private and public cord blood banks. Market players profiled in the report include: Cord Blood America, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cryo-Cell International, Inc., Cordlife Group Ltd., NeoStem, Inc., Cryo-Save Group AV, and ViaCord, Inc.
 
The global cord blood banking services market is segmented as follows:

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

About Us 

Transparency Market Research is a global market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insight for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants, use proprietary data sources and various tools and techniques to gather, and analyze information. 

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports. 

Contacts
 
Mr. Nachiket 
90 State Street, 
Suite 700 Albany, 
NY 12207 
Tel: +1-518-618-1030 
USA - Canada Toll Free: 866-552-3453 
Email: sales@transparencymarketresearch.com 
Website: http://www.transparencymarketresearch.com/