Current Business Affairs Global Umbilical Cord Blood Banking Market 2018

Global Umbilical Cord Blood Banking Market Trends, Analysis, and
Forecast To 2025
Market Definition:
Umbilical cord is the connecting cord from fetus to the placenta which allows blood to carry nutrition and oxygen to the
baby in the womb. Umbilical cord blood banking (UCB) or cord blood banking involves in collection of cord blood and
extracting and cryogenically freezing the stem cells of the immune system for future medical purpose. The tissues of
umbilical cords contain Haemopoitetic Stem Cell (HSC) which have greater proliferative and colony forming capacity.
HSC collected from tissues works as an alternative for HSC of bone marrow providing treatment of various immune
diseases such as myelomas, leukemia’s, lymphomas and myeloproliferative neoplasms, and blood disorders.
Umbilical cord blood is considered to be the safest decision owing to the non-invasiveness and least risk to the child and
mother. Additionally, UCB is expected to be a probable source of progenitor cells, which are used for reconstitution of
organs and tissues. With naïve technologies, UCB are used for treatment of various diseases such as bronchopulmonary
dysplasia, diabetes mellitus, malignant solid tumors, hepatic alteration, cardiovascular disorders, neurological diseases,
inborn metabolic disorders, and hematologic malignancies.
Major Key Players:
Cord blood banking market is witnessed as the most distinguished and competitive market involving large number of
players such as Cordlife Group Limited, Cryo-Save AG, China Cord Blood Corporation, National Cord Blood Program, Cord
Blood America, Inc., Lifeforce Cryobanks, CBR Systems, Inc., Cryo-Cell International Inc and Virgin Health Bank.
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Market Analysis with Latest Growth Factors:
Various applications for chronic diseases treatment, cost effective therapy, and easy extraction methods for cord blood
is expected to drive the industry demand. Furthermore, intact genetic structures, lower incidence & severity of graft,
and lower incidence of viral transmission is also impacting the market growth industry positively. Moreover, rising
awareness regarding the benefits, varied availability of donors along with insurance coverage are few of the factors
thrusting the demand for UCB market globally. Additionally, increasing disposable incomes and appropriate payment
plans accessed by the market players are also fueling the growth for cord blood banking services.
Market Segment:
The global umbilical cord blood market is segmented into storage type, end-user, and application. On the basis of
storage, the market is segmented into public banks, private banks and hybrid banks. Private Banks offers UCB storage for
personal use of the donor’s family with storage charges. Despite of hefty charges, private banks are the first choice of
parents to store cord blood owing to various factors such as flexible collection sites, secured access, and complete
ownership rights. The end-usermarket is segmented as hospitals, pharmaceutical research, and research institutes. The