Cord blood is the blood that is left post-delivery in the placenta and umbilical cord. Cord blood is collected from umbilical cord just after the child is born. It is a rich source of stem cells, which have the ability to differentiate into a range of cell types. Cord blood banking services involve the collection of cord blood and cryogenically freezing the stem cells, as well as other immune system cells, so that they can be preserved for medical uses in future. Cord blood banking is commonly referred to as 'stem cell banking' in Europe as well as some other parts of the world.
MARKET SCOPE
The "Global Cord blood banking Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Cord blood banking market with detailed market segmentation by type, services, application, and geography. The report provides key statistics on the market status of the leading Cord blood banking market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
- Based on type, the global Cord blood banking market is segmented into private, public.
- Based on services, the market is categorised into processing, storage, others.
- Based on applications, the market is categorised into blood disorders, immuno-deficiency disorders, metabolic disorders, cancer, bone marrow failure syndrome, others); end-use hospitals, research institutes, others.
MARKET DYNAMICS
Drivers:
- Increasing prevalence and incidence rate of chronic diseases coupled with the regenerative medicines.
- Support from government agencies for research and clinical trials of cord blood stem cells.
- Increasing the interest of healthcare companies to invest in research and commercialization of cord blood stem cell therapies
Restraints:
- Limited awareness about cord blood banking
- High-cost of services.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Cord blood banking market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Cord blood banking market in these regions.
IMPACT OF COVID-19 ON CORD BLOOD BANKING MARKET
The COVID-19 pandemic is expected to have a negative impact for the market for Cord blood banking in short run. Fear of vertical transmission of coronavirus could decrease cord blood donation. Coronavirus infections could increase the morbidity of cord blood transplantation (CBT) recipients, which could decrease the use of banked CB units. Global Cord Blood Corp., the leading cord blood bank in China and the largest family bank in the eastern hemisphere, is forecasting a 19%-29% decrease in new client enrollments during their upcoming fiscal year.
MARKET PLAYERS
The report covers key developments in the Cord blood banking market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Cord blood banking market are anticipated to lucrative growth opportunities in the future with the rising demand for Cord blood banking in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Cord blood banking market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Cord Blood Registry Systems
- ATCC
- CORDLIFE GROUP
- Cord Blood America
- Caladrius Biosciences
- Cryo-Cell International
- ViaCord
- Esperite N.V.
- Smart Cells International
- China Cord Blood Corporation