Umbilical Cord Blood Banking Market Recent Developments Study...

Umbilical Cord Blood Banking Market Recent Developments Study Analysis to 2023-2028

Posted 2023-02-01 11:21:32

The global Umbilical Cord Blood Banking Market size is expected to reach USD 14.48 Billion by 2028 at a CAGR of 8.7%, according to the latest report by Reports and Data. Rising number of hematopoietic stem cell transplantations, increasing application of stem cells in development of efficient therapeutics, and growing health burden of chronic and life-threatening illnesses are key factors expected to drive market revenue growth over the forecast period. Technological developments in stem cell preservation and collection techniques and increasing investment to accelerate stem cell research are also expected to drive market growth going ahead.

Stem cells are undifferentiated or partially differentiated cells that can differentiate into various types of cells in the body. Stem cells have the potential to differentiate into specific cells that can develop into tissues for use in transplant and regenerative medicine. Stem cell studies have helped researchers and doctors understand the etiology of diseases and chronic illnesses. Umbilical Cord Blood Banking involves processes related to collection, preservation, and storage of stem cells that can be used in therapies and regenerative medicine in the future. Umbilical Cord Blood Banking offers a cost-effective and efficient way to cryopreserve stem cells so that they can be ready to use in the future or as and when required. Stem cells remain viable for nearly 20 years when cryogenically frozen. Stem cells treat nearly 80 chronic and debilitating illnesses including thalassemia, sickle cell anemia, leukemia, and lymphomas, Alzheimer’s disease, Amyotrophic Lateral Sclerosis (ALS), and anemias, among others. Increasing advancements in stem cell-based research has opened up new opportunities for treatment of prevalent life-threatening and debilitating diseases for which there was no cure. This is expected to contribute significantly to revenue growth of the market over the forecast period.

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Some Key Highlights From the Report:

Placental stem cell segment is expected to register significant revenue growth over the forecast period owing to growing number of cord blood banks, increasing number of parents preserving placental stem cells, and growing awareness about therapeutic potential of stem cells.
Sample preservation and storage segment revenue is expected to expand considerably over the forecast period owing to increasing importance of stem cell preservation, growing number of stem cell donors, increasing stem cell samples, and significance of stem cells in treatment of chronic diseases.
Personalized banking applications segment is expected to account for largest revenue share in the global market during the forecast period. Growth can be attributed to premium service plans and increasing benefits of private banking over public banking such as efficient quality analysis and sample testing, processing, and storage.
North America is expected to account for largest revenue share in the global market over the forecast period, attributable to increasing advancements in stem cell collection, preservation, and storage techniques, rising approvals to stem cell lines in treatment of chronic diseases, and growing network of Umbilical Cord Blood Banking services across the region.

Key Players covered in this report are

Cord Blood Registry (CBR) Systems, Cordlife Group Limited, Cryo-Cell International, ViaCord, Cryo-Save AG, LifeCell International, StemCyte, Global Cord Blood Corporation, Smart Cells International, Vita34 AG, and CryoHoldco.

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Source Outlook (Revenue, USD Billion; 2018-2028)

Placental Stem Cells (PSCS)
Adipose Tissue-Derived Stem Cells (ADSCS)
Bone Marrow-Derived Stem Cells (BMSCS)
Human Embryo-Derived Stem Cells (HESCS)
Dental Pulp-Derived Stem Cells (DPSCS)
Other Stem Cell Source

Service Type Outlook (Revenue, USD Billion; 2018-2028)

Sample Preservation and Storage
Sample Analysis
Sample Processing
Sample Collection and Transportation

Application Outlook (Revenue, USD Billion; 2018-2028)

Personalized Banking Application
Research Application
- Disease Treatment Studies
- Life Science Research
- Drug Discovery
Clinical Application
- Hematopoietic Disorders
- Autoimmune Disorders
- Other Diseases

Key Regional Markets Covered in the Report:

North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, Spain, France, BENELUX, Rest of Europe)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of Asia Pacific)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of Middle East & Africa)

Major Points covered in this report are as below:

• The Umbilical Cord Blood Banking industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.

• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.

• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.

• The Umbilical Cord Blood Banking Market report provides key statistics on the market status of the Umbilical Cord Blood Banking manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.

We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa

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