Cord Blood Banking Market

Cord Blood Banking Market Size, Share, Growth Analysis, By Type of Bank(Public, Private), By Services(Processing, Storage, Others), By Application(Cancer, Blood disorders, Immuno-deficiency disorders, Metabolic disorders), By End-use(Hospitals, Research institutes, Specialty clinics, Others), By Region(North America, Europe, Asia Pacific, Latin America) - Industry Forecast 2024-2031


Report ID: UCMIG35E2013 | Region: Global | Published Date: Upcoming |
Pages: 165 | Tables: 55 | Figures: 60

Cord Blood Banking Market Insights

Market Overview:

Cord blood banking is a process of collecting and storing cord blood stem cells from the umbilical cord of a newborn baby. The cord blood banking market size exceeded USD 14.2 billion in 2020 and is projected to grow at a CAGR of over 5% from 2021 to 2027. The market growth is driven by the rising awareness regarding the various therapeutic applications of cord blood stem cells. Private, public centers, NGOs, government, and other organizations are generating awareness regarding the applications of cord blood banking. Additionally, cord blood banking technology enables the treatment of immunodeficiency disorders, which is transforming the market space.

Cord Blood Banking Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.

Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.

The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Health Care Facilities by segment aggregation, the contribution of the Health Care Facilities in Health Care Equipment & Services and vendor share.

To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.

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FAQs

The market for Cord Blood Banking was estimated to be valued at US$ XX Mn in 2021.

The Cord Blood Banking Market is estimated to grow at a CAGR of XX% by 2028.

The Cord Blood Banking Market is segmented on the basis of Type of Bank, Services, Application, End-use, Region.

Based on region, the Cord Blood Banking Market is segmented into North America, Europe, Asia Pacific, Middle East & Africa and Latin America.

The key players operating in the Cord Blood Banking Market are Cordlife, Singapore Cord Blood Bank, ViaCord LLC, CBR Systems, FamiCord, Cryo-Save, Americord, LifeCell, Cord Blood Corporation, Jeevan Stem Cell Foundation.

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Cord Blood Banking Market

Report ID: UCMIG35E2013

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