Umbilical cord blood banking or cord blood banking is the practice of preserving blood from the umbilical cord for future use. Such preserved cord blood is used in medical therapies in the similar approach as that of stem cells derived from bone marrow. Umbilical cord blood is collected from the umbilical cord of a newborn baby and also retrieved from the placenta after delivery. It is enriched with adult stem cells and these stem cells play a vital role in regulating all biological activities and in developing tissues in the human body.
MARKET SCOPE
The "Umbilical Cord Blood Banking Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of umbilical cord blood banking market with detailed market segmentation by product, application, end users and geography. The umbilical cord blood banking market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in umbilical cord blood banking market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
? Based on the product umbilical cord blood banking market is segmented as public cord blood banks, and private cord blood banks.
? Based on application, the market is segmented as, cancer, blood disorders, metabolic disorders, immune disorders, osteoporosis and, others application.
? Based on end user, the market is segmented as hospitals, pharmaceutical research and, research institutes.
MARKET DYNAMICS
Drivers
? Increasing prevalence of chronic diseases.
? Government associations and initiatives are also supporting the growth of the market
? Investment in research and commercialization of cord blood stem cell therapies.
Restraints
? Lack of awareness in emerging economies.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the umbilical cord blood banking market based on various segments. It also provides market size and forecast estimates from year 2018 to 2027 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The umbilical cord blood banking market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting umbilical cord blood banking market from both demand and supply side and further evaluates market dynamics affecting the market during 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 & Central America after evaluating political, economic, social and technological factors effecting the umbilical cord blood banking market in these regions.
IMPACT OF COVID-19 ON UMBILICAL CORD BLOOD BANKING MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various public services activities has affected the global market and negatively impacted the service capability of provideres in global market. This negatively affected the market.
MARKET PLAYERS
The report covers key developments in the Umbilical 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 witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Umbilical Cord Blood Banking market are anticipated to have lucrative growth opportunities in the future with the rising demand for Umbilical Cord Blood Banking in the global market. Below mentioned is the list of few companies engaged in the Umbilical Cord Blood Banking market.
The report also includes the profiles of key players in Umbilical Cord Blood Banking market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
? CBR Systems, Inc.
? Cordlife.
? LifeCell
? StemCyte India Therapeutics Pvt. Ltd.
? Vita 34
? Americord Registry LLC.
? ESPERITE N.V
? Global Cord Blood Corporation.
? SMART CELLS PLUS.
? Cord Blood America, Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.