Cord Blood Banking Services Market Size, Sector / Industry Report & Analysis, 2018-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Cord Blood Banking Services Market


The global cord blood banking services market size was valued at USD 29.7 billion in 2016 and is expected to grow at a CAGR of 11.9% over the forecast period. Increasing application of cord blood and stem cells in genetic disease treatment is primarily driving the global cord blood banking services market towards growth. Furthermore, increasing awareness about the benefits, wide availability of service providers coupled with insurance coverage are some of the factors propelling the demand for cord blood banking services globally.
 
Moreover, increasing spending capacity and suitable payment plans offered by the market players are fuelling the demand for these services. Increasing incidences of cancer and other life threatening genetic diseases are further anticipated to boost the number of patients require to undergo bone marrow transplant. For instance, according to Leukemia Research Foundation, U.S. alone has approximately, 761,659 patients suffering from Hodgkin’s or non-Hodgkin’s lymphoma, another condition widely treated with stem cell therapy. Therefore, demand for suitable CB unit is expected to grow swiftly in the near future resulting in significant growth in the demand for public banking.
While on the other hand, stringent regulatory requirements, ethical issues and dilemma in choosing private or public bank are the major factors hindering the growth of the market. In addition, high cost of storage, collection and risk of non-usability of the unit stored with private bank are further limiting the growth of the global CBB services market.

Market Segmentation, Outlook & Viewpoint: Global Cord Blood Banking Services Market


Bank Type Market Segmentation & Outlook (Revenue, USD Million, 2014 - 2025)

Private

Public

Hybrid


Key Players, Recent Developments & Regional Insights: Global Cord Blood Banking Services Market


Globally three types of cord blood banks: public, private and hybrid are available. Private banks captured the largest revenue share in 2016 owing to the high cost associated with collection and storage of CB unit charged to parents. Moreover, the marketing activities practiced by the private players are resulting in the increased customer base of private players compared to public banks. Considering all the above mentioned factors together, private banking service segment was leading the global market.
 
However, greater chances of finding suitable match for the patient’s blood coupled with risk of non-usability of the blood unit stored in private bank are some of the prime factors anticipated to boost the growth of the public banks in the near future. Moreover, governments are progressively investing in public banks to increase the repository of genetically wide variety of units stored. As a result, public banking service segment is anticipated to show significant growth during the forecast period of 2017 to 2025.

Regional Insights
North America dominated the global market in 2016 owing to wide presence of private players coupled with high awareness among the population. Europe accounted for the second largest market after North America in 2016 owing to high healthcare expenditure and awareness regarding available services. However, government restrictions in establishing private banks in some of the countries such as France and Italy are challenging the growth of the market in Europe.
Asia Pacific market is estimated to grow at the fastest CAGR during the forecast period owing to presence of emerging countries such as China, Japan, India, and Hong Kong. Increasing investments in healthcare sector, escalating investment by international players to maximize the geographic reach and thereby expand market share are some of the factors anticipated to spur the Asia Pacific cord blood banking services market. Moreover, booming medical tourism industry is expected to stimulate the demand for CB units in this region.
Cord Blood Banking Services Market Share Insights
Some of the major players operating in the cord blood banking services market include China Cord Blood Corporation, Cord Blood America, Inc., CBR Systems, Inc., Cordlife Group Limited, Cryo-Cell International, Inc., Cryo-Save AG, Lifeforce Cryobanks, National Cord Blood Program, ViaCord, Inc. and Virgin Health Bank.Major industry participants present in the sector are involved in the marketing strategies and suitable payment plans to attract customers.

Key Insights Covered: Global Cord Blood Banking Services Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Cord Blood Banking Services industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Cord Blood Banking Services industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Cord Blood Banking Services industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Cord Blood Banking Services industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Cord Blood Banking Services industry.

Research Methodology: Global Cord Blood Banking Services Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among other