The report is titled ‘Cord Blood Banking Services Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the cord blood banking services market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The cord blood banking services market is expected to grow at a significant rate in the near future.
The cord blood banking services market is expected to cross US$ 43.0 Bn by 2028, at a CAGR of 7.1% during the forecast period of 2020 to 2028.
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Cord Blood Banking Services Introduction
Cord blood comprises a rich source of stem cells, which can address more than 80 genetic ailments. Cord blood stem cells have the capability to cure various severe diseases such as diabetes, cancer, immune diseases, and blood diseases. In spite of the fact that only a tiny amount of cord blood can be amalgamated from a solitary umbilical cord, it carries a huge number of stem cells and is the only kind of stem cell collected for future usage. These cells are gathered from nursing homes and hospitals across the world and stockpiled in cord blood banks for future usage and can be inventories for an average of 20-25 years.
Cord Blood Banking Services Market Dynamics
Cord blood is time after time referred to as revitalizing or regenerative medication, as it assists in rehabilitation of different tissues and stems. With stem cells briskly becoming the pick of treatment for patients going through life-threatening health conditions such as cancer and metabolic, blood, and immune system disorders, cord blood banking services have achieved such as massive traction in the healthcare sector across the world. Attributing to which, the global cord blood banking services market is expected to rise substantially in the forthcoming future.
In addition to that, the rapid surge in the emphasis of federal agencies to establish public banking units across the world along with the increasing awareness with respect to this treatment line, as well as rising number of facilities across the region are another essential factors that are expected to boost the growth of the global cord blood banking services market in the coming years.
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Cord Blood Banking Services Market Segmentation
The cord blood banking services market is segmented on the basis of storage service, component, application, end-user, and region.
By Storage Service
- Public Cord Blood Banks
- Private Cord Blood Banks
- Hybrid Cord Blood Banks
By Component
- Cord Blood
- Cord Tissue
- Placenta
- Others
By Application
- Cancers
- Blood Disorders
- Metabolic Disorders
- Immune Disorders
- Osteoporosis
By End-User
- Hospitals (Medical Applications)
- Pharmaceutical Research (Drug Discovery)
- Research Institutes (Scientific Research)
- Others
By Region
- North America
- Latin America
- Europe
- Africa
- Middle East
- Asia Pacific
Cord Blood Banking Services Market Key Players
The key participating players of the global cord blood banking services market include China Cord Blood Corporation, Cord Blood America, Inc., CBR Systems, Inc., Cordlife Group Limited, Cryo-Cell International, Inc., Cryo-Save AG, ViaCord, Inc., Virgin Health Bank, California Cryobank Stem Cell Services LLC, StemCyte, Inc., Norton Healthcare, Inc., Lifeforce Cryobank Sciences Inc., CordVida, CryoHoldco de Latinoamerica, S.A.P.I. De C.V., Vita 34 International, Maze Cord Blood Laboratories, The University of Colorado Cord Blood Bank, CorCell, LifebankUSA, Cryoviva Biotech Pvt. Ltd, Genecord, AlphaCord, FamilyCord, Cells4Life, Michigan Blood, CariCord, LifeCell International Pvt. Ltd, Stem Cell Cryobank Inc., Viacord Processing Laboratory (VPL), New Jersey Cord Blood Bank, Carter BloodCare, Americord Registry, and others, among others.
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