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Umbilical Cord Blood Banking Marke

Added: (Wed Feb 27 2019)

Pressbox (Press Release) - Transparency Market Research in its new report titled, “Umbilical Cord Blood Banking Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” provides key insights on the umbilical cord blood banking market. The new report anticipates that the increasing demand for umbilical cord in the treatment of leukemia, lymphoma, and sarcoma will drive the umbilical cord blood banking market during the forecast period i.e, 2017 – 2025. The promising application of umbilical cord blood in cell therapy research is helping the market to expand rapidly, says the report. According to TMR, the profound regenerative potential of blood-forming stem cells in the treatment of a wide spectrum of disease conditions, especially various blood-related disorders, and in hematopoietic stem cell transplantation (HSCT) is a key underpinning fueling the growth of the umbilical cord blood banking market.
“The rapid stride made by hematopoietic stem cell transplantation, notably pertaining to bone marrow and peripheral blood, in various parts of the world is a notable factor driving the market. The growth of the market is driven by vast current and emerging potential applications of cord blood in immunotherapy, regenerative medicine, and tissue engineering,” says TMR analyst. The report states that the market is enormously benefiting from the vast prospect of umbilical cord blood in exploring new stem cell-based therapeutic strategies, both in non-hematological and hematological diseases, especially in developed nations such as the U.S., the U.K., and Germany. “Rapid stride made in the arena of cord blood storage and processing technologies bodes well will create lucrative avenues in the market,” TMR analyst adds.
The report has segregate the umbilical cord blood banking market in terms of type of storage, application, end-users, and region. According to type of storage, the umbilical cord blood banking market is majorly split into public cord blood banks and private cord blood banks. Based on application, the umbilical cord blood banking market is divided into cancers, blood disorders, metabolic disorders, immune disorders, osteopetrosis, and others. On the basis of end-users, the umbilical cord blood banking market is broadly divided into hospitals (Medical Applications), pharmaceutical research (Drug Discovery), and research institutes (Scientific Research).
In terms of region, the umbilical cord blood banking market is bifurcated into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions has been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The TMR report also profiles key players operating in the umbilical cord blood banking market which are CBR Systems, Inc., ViaCord Inc., China Cord Blood Corporation, Cord Blood America, Inc., Cryo-Cell International, Inc., Cryo-Save AG, Cordlife Group Ltd., Vita 34 AG, LifeCell, StemCyte Inc., and other prominent companies.
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Submitted by:Sakshi Mishra
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