![]() ![]() The major players in the global umbilical cord blood banking market report are CBR Systems, Inc., Cryo-Cell International, Inc., Smart Cells International Ltd., Global Cord Blood Corporation, and Stemcyte India Therapeutics Pvt. Meanwhile, the Asia Pacific region is anticipated to register substantial market growth owing to the high birth rate, surging prevalence of chronic diseases, and increase in awareness regarding the potential applications of cord blood. ![]() This is on account of the rise in penetration of cord blood banking services in maternity hospitals coupled with the well-established healthcare infrastructure in the region. The retrieval and storage process are considered safe and secure, without affecting delivery or labour, which is likely to boost the market growth of umbilical cord blood banking.īased on the region, North America is augmenting a significant growth in the umbilical cord blood banking market share. This research is uncovering various ways to improve and save lives from umbilical cord blood, fuelling the market growth of umbilical cord blood banking. The global umbilical cord blood banking market is expected to witness significant growth over the coming years on account of the surging research and development in the field of regenerative medicine. Umbilical Cord Blood Banking Market Trends On the basis of storage operation, the market is segmented into:īased on service type, the market can be divided into:īy application, the market is segregated into:īased on region, the market is divided into: The cord blood at the time of labour serves as a rich source of stem cells along with other cells of the immune system. Umbilical cord blood banking is a method of collecting possibly life-saving stem cells from the placenta and umbilical cord of a baby soon after birth, and saving them for future utilisation. Umbilical Cord Blood Banking Industry Definition and Major Segments With the growing healthcare industry and increasing awareness regarding umbilical cord blood banking among new or expecting parents, the market demand for umbilical cord blood banking is expected to rise over the upcoming years across the globe. Several initiatives are taken by government associations worldwide to inform the public about the benefits of preserved stem cells. The advantages of cord blood are anticipated to boost the demand for the umbilical cord blood banking market globally during the forecast period. Such cells can be used to turn into any type of blood cell, for transplants, and treat diseases like immune deficiencies, blood disorders, metabolic diseases, and some types of cancers. ![]() Umbilical cord blood contains cells known as hematopoietic stem cells. The developing field of regenerative medicine along with the surging prevalence of chronic diseases is aiding the umbilical cord blood banking market growth across the globe. The key highlights of the report include: ![]()
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