Cord Blood Banking’s latest market research report includes a detailed analysis of the factors that will drive and hinder the growth of the industry for years to come. In addition, the report lists the opportunities in the various geographies and also weighs the associated risks for a stronger realization of the main revenue prospects during the forecast period.
The umbilical cord blood bank market will exceed $ 23 billion in 2025; according to a new research report.
The private cord blood bank segment accounted for $ 13.7 billion in revenue in 2018. The growing trend of long-term storage and preservation of cord blood cells in private banks will spur segment growth. Various discounted offers for long-term storage and growing awareness of the benefits of the umbilical cord blood bank will further drive industry growth in the future.
The report completely covers the Cord Blood Banking market by type, applications and regions. The report provides a balanced and detailed analysis of ongoing Cord Blood Banking trends, high-growth opportunities / areas, Cord Blood Banking market drivers that would help investors to define and align their market strategies according to market dynamics current and future.
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Increased research and development activities to explore new therapeutic pathways for cord blood stem cells will drive industry growth in the future. A wide range of more than 80 genetic and idiopathic diseases are currently being cured. Many research institutes are focusing on the development of new therapies using umbilical cord stem cells for brain injuries and neurological disorders, thus driving market growth.
The growing awareness of cord blood storage in private cord blood banks will drive the growth of the storage services market in the future and will grow 5.6% CAGR from 2019 to 2025. Various government initiatives to encourage fathers and mothers donating umbilical cord cells for new born babies will further boost the storage services market over the anticipated term.
A tremendous increase in the number of patients suffering from life-threatening genetic diseases will act as a high impact processing factor for the growth of the umbilical cord blood bank market. According to estimates by the World Health Organization (WHO), in the European Union, about 1 in 2,000 newborns are affected by cystic fibrosis. With the increasing prevalence of genetic diseases, it is estimated that the demand for cord blood banks will grow in the future.
The objective of the Cord Blood Banking market is to define market sizes for different segments and countries in recent years and to forecast values for the coming years. In addition, the report should also incorporate the opportunities available in micro markets for interested parties to invest, together with a detailed analysis of the competitive landscape and product offerings of the main participants. The report on the Cord Blood Banking market was designed to incorporate qualitative and quantitative aspects of the industry in each of the regions and countries involved in the study. In addition, the report also provides detailed information on crucial aspects, such as driving factors and challenges that will define future market growth.
The main highlights of the index are listed below for a quick look at the umbilical cord blood banking market report
Chapter 1. Methodology and Scope
- Forecasting definitions and parameters
- Forecasting methodology and parameters
Chapter 2. Executive Summary
- Business trends in the umbilical cord blood banking market
Chapter 3. Overview of the cord blood banking sector
- Segmentation of the umbilical cord blood market industry
- Analysis of manufacturers in the umbilical cord blood bank industry
- Distribution channel analysis
- Cord Blood Banking Market Technology and innovation scenario
- Growth drivers of the umbilical cord blood bank market
- Industry pitfalls and challenges
Chapter 4. Company profiles
- Umbilical cord blood bank companies overview
- Strategic perspective and decisive analysis of companies in the umbilical cord blood banking market
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