PUBLISHER: Value Market Research | PRODUCT CODE: 1547272
PUBLISHER: Value Market Research | PRODUCT CODE: 1547272
The global demand for Cord Blood Banking Market is presumed to reach the market size of nearly USD 36.3 Billion by 2032 from USD 22.3 Billion in 2023 with a CAGR of 5.56% under the study period 2024-2032.
Cord blood banking services allow parents to collect and store their baby's cord blood at the time of birth. The collected cord blood is then processed and stored in a laboratory until it is needed for treatment. Cord blood can be stored either privately, for the use of the family, or donated to a public cord blood bank to be used via way of means of everybody in want of a stem cell transplant. These stem cells can potentially be used in treating a type of disease and disorders, including leukaemia, anaemia, and immune system disorders.
The increasing awareness of the potential medical benefits of stem cells may contribute to the growth of the market. Moreover, the rise of cord blood banking services is due to the increasing availability of these services. Many hospitals and birthing centers now offer cord blood banking services, making it easier for parents to collect and store their baby's cord blood. Furthermore, the growing popularity of assisted reproductive technologies may boost market growth. However, the cost of collecting and storing cord blood may limit the market growth.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of Cord Blood Banking. The growth and trends of Cord Blood Banking industry provide a holistic approach to this study.
This section of the Cord Blood Banking market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Cord Blood Banking market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the Cord Blood Banking market include Cordlife, Singapore Cord Blood Bank, ViaCord LLC, CBR Systems, FamiCord, Cryo-Save, Americord, LifeCell, Global Cord Blood Corporation, Jeevan Stem Cell Foundation. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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