Umbilical Cord Blood Banking Market Share, Segmentation, Report 2024

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Umbilical Cord Blood Banking Market Size,
Industry Analysis Report, Regional Outlook 2017
2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Umbilical Cord Blood Banking
Market

• North America dominated the industry in 2016
  pertaining to the presence of well-established
  public and private blood banks along with
  increasing demand for cord blood and tissue for
  treatment of devastating diseases.
• Moreover, the U.S. will play a significant role
  in amplifying the North America share, owing to
  the rising prevalence of chronic ailments coupled
  with rising funding for stem cell research in the
  region. For instance,
• National Institute of Health (NIH) has invested
  USD 42 million in 2016 for umbilical cord blood
  stem cell research in the U.S. which further
  escalates the demand for storage in the coming
  years.

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• India umbilical cord blood banking market will
  grow at a rapid pace and should drive the Asia
  Pacific market share in the coming years.
• Rising patient pool, unavailability of matching
  donor for stem cell transplant for cancer
  treatment coupled with unaffordable treatment
  procedures will fuel the demand for storage of
  own blood cells for treatment of life-threatening
  diseases thereby stimulating the overall industry
  growth in the future.

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Competitive Market Share of Umbilical Cord Blood
Banking Market

• Key industry players include CBR Systems,
  AmeriCord, StemCyte, LifeCell, CorCell, CryoSave,
  Cryo-Cell, Cordlife, Cryoviva, ViaCord, Cell
  Care, China Cord Blood and FamilyCord.
• The companies are focusing on innovative product
  launch and strategic alliances to expand their
  business portfolio. In October 2016, Australias
  largest cord blood bank - Cell Care entered an
  acquisition agreement with Insception Lifebank
  which forms Canadas largest repository.
• This strategy enables the combined entity to
  expand its RD activities across the globe
  thereby augmenting business growth over the
  forecast period.

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