Global Umbilical Cord Blood Banking Market Report Just Published by Credence Research Inc.

The latest market report published by Credence Research, Inc. “Global Umbilical Cord Blood Banking Market was valued at USD 2,875.2 Mn in 2016, and is expected to reach USD 7,623.3 Mn by 2025, expanding at a CAGR of 11.3% from 2017 to 2025. 
The purpose of the report is to illustrate the state of the market of Umbilical Cord Blood Banking, to present actual information about the volumes of production, exports, imports, consumption and the state of the market, the changes that took place in 2016, and also, to build a forecast for the growth of the industry in the medium term until 2024.
Market Insights:
Recently, there has been several changes in the cord blood industry with a few key trends such as diversification of storage services, partnering with prenatal or neonatal or maternal health services, industry consolidation through acquisitions, and focus on cord blood cell expansion. The several diversified services of cord blood banks comprises storage of umbilical cord tissue (Wharton’s Jelly), chorion, amnion, placenta, and other blood components. Pairing with prenatal/ neonatal/maternal health services has a few examples such as Natera, a leader in genetic testing, launched its EverCord Cord Blood & Tissue Banking Service and ViaCord’s launched its Newborn Genetic Screening. Industry consolidation is observed due to large players acquiring companies across the country or region as a part of market expansion strategy; e.g. AlphaCord acquired LifeSource Cryobank in November 2015 which was its 5th acquisition till now. Thus, overall umbilical cord blood banking market is growing due to key factors such as rising public awareness related with the benefits associated with umbilical cord harvesting and storage, increasing number of umbilical banks across the globe, and supportive government policies.
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Leading Players:
Competitive Dashboard
The market is dominated by several players, depending on their major competencies. The key players in this market are CBR Systems, Inc., ViaCord Inc., China Cord Blood Corporation, Cord Blood America, Inc., Cryo-Cell International, Inc., Cryo-Save AG, Cordlife Group Ltd., Vita 34 AG, LifeCell, and StemCyte Inc. among others.
Why was the report written?
This report is the result of an extensive survey drawn from Credence Research’s exclusive panel of leading global market industry executives; it provides data and analysis on buyer investment, acquisition, and developments within the global market research. It includes key topics such as global Umbilical Cord Blood Banking buyer expenditure and procurement behaviors and strategies and recognizes the threats and possibilities within the industry, economic outlook trends, and business confidence within global industry executives. Most secondary research reports are based on general industry drivers and do not understand the industry executives’ attitude and changing behaviors, creating a gap in presenting the business outlook of the industry; in an effort to bridge this gap, Credence Research created this primary research-based report by gathering the opinions of multiple stakeholders in the value chain of the global industry.
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What is the current market landscape and what is changing?
Executives from the global industry anticipate an increase in levels of consolidation, with 55% of respondents projecting an increase in merger and acquisition (M&A) activities in 2017.
The report on the market of Umbilical Cord Blood Banking contains:
Analysis and forecast of Umbilical Cord Blood Banking market dynamics;
Analysis of domestic production, market shares of the main market players;
Analysis of exports and imports;
Analysis of factors, leading the development of the Umbilical Cord Blood Banking market;
Assessment and forecast of Umbilical Cord Blood Banking market development;
Financial and business profiles of the leading companies in the Umbilical Cord Blood Banking industry.
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Scope
- Up to date working Umbilical Cord Blood Banking data by major regions in the world, the forecast of planned capacity additions by 2026
- The annual breakdown of capital expenditure spending on proposed Umbilical Cord Blood Banking for the period 2018 to 2026
- Planned Umbilical Cord Blood Banking additions and capital expenditure spending by key countries and companies across the world
- Planned capital expenditure spending on new Umbilical Cord Blood Banking projects by region, key countries, and companies
- Details of major planned Umbilical Cord Blood Banking projects in the world up to 2026