The Report Cord Blood Banking Services Market Size & Growth Analysis Report, By Bank Types (Public, Private,
Hybrid) By Region (North America, Europe, Asia Pacific, LATAM, MEA), And
Segment Forecasts, 2018 – 2025
The global cord blood banking services
market is expected to reach over USD 82.3 billion by 2025, growing at an
estimated CAGR of around 11.9% from 2017 to 2025, according to a new study by
Grand View Research, Inc. Key drivers of the market include increasing
application of stem cell therapies in disease treatment, and rising prevalence
of life threatening genetic disorders.
Moreover,
increasing spending capacity is fueling the demand for advanced healthcare
facilities including disease prevention and treatment. As a result, parents are
increasingly demanding CBB services to ensure safety of their child’s future.
Furthermore, private players are practicing marketing activities which are
creating awareness about the availability of the CBB services and their
benefits.
In
addition, governments worldwide are promoting public CBB to develop ethnically
diverse cord blood repository which would increase the chances of finding
suitable human leukocyte antigen (HLA) match for the patients. As a result,
availability of the ethnically rich CB repository coupled with anticipated rise
in the stem cell therapies and bone marrow transplants, is expected to spur the
CBB services during the forecast period.
Access Research Report of Cord Blood Banking Services Market @ www.grandviewresearch.com/industry-analysis/cord-blood-banking-services-market
Further Key Findings
From the Report Suggest:
· Private bank segment accounted for the largest revenue
share in 2016. High cost of collection, processing, and storage along with the
maximum awareness created by marketing activities practiced by the players
resulted in large revenue share of private banks across the globe.
· Rising government support and no storage and collection
costs are the major factors anticipated to drive the public banking sector
during the forecast period from 2017 to 2025 with highest CAGR.
· North America dominated the global market and was
followed by Europe in 2016. Dominance of North America is owing to government
support and high rate of stem cell therapy in the U.S. and Canada.
· Moreover, high awareness and insurance coverage of cord
blood banking and stem cell therapies is further boosting the growth of the
market in North America
· Densely populated emerging countries of Asia Pacific are
anticipated to show significant growth during the forecast period from 2017 to
2025.
· Factors such as increasing investment by global players,
government support and rising healthcare expenditure are anticipated to boost
the cord blood banking services market in Asia Pacific
· Global CBB services sector is highly fragmented with
presence of many private and public players. Few global players operate in
various geographies through subsidiaries. While local players are operating
independently in respective geographies.
· Key players of this market include China Cord Blood
Corporation, Cord Blood America, Inc., CBR Systems, Inc., Cordlife Group
Limited, Cryo-Cell International, Inc., Cryo-Save AG, Lifeforce Cryobanks,
National Cord Blood Program, ViaCord, Inc. and Virgin Health Bank
Grand View Research has segmented the global cord blood
banking services market on the basis of bank type, and region:
Cord Blood Banking
Services Bank Type Outlook (Revenue, USD Million, 2014 - 2025)
·
Private
·
Public
·
Hybrid
Cord Blood Banking
Services Regional Outlook (Revenue, USD Million, 2014 - 2025)
·
North America
o U.S.
o Canada
·
Europe
o UK
o Germany
·
Asia Pacific
o China
o India
·
Latin America
o Brazil
o Mexico
·
MEA
o South
Africa
About Grand View Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
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