Global Umbilical Cord Blood Banking Market Will Reach US $19,335.6 million in 2020 by Persistence Market Research
North America has the largest market share, followed by Europe and Asia-Pacific, in the global UCB banking market. The global UCB banking market was valued at 10,900 million in 2010 and it expanded to USD 12,774.8 million in 2013.
According to a new market report published by Persistence Market Research “Global Market Study on UCB Banking - Asia-Pacific to Witness Highest Growth by 2020” the global UCB banking market is estimated at USD 13,515.8 million in 2014 and is expected to grow at a CAGR of 6.1% from 2014 to 2020, to reach an estimated value of USD 19,335.6 million in 2020.
Browse the full Umbilical Cord Blood Banking Market report at:
The UCB banking market is witnessing a significant growth due to the increasing prevalence of chronic diseases coupled with regenerative medicines. In addition, initiatives by various government associations have increased the importance of UCB by rising awareness about potential applications of cord blood are also supporting in the growth of the global UCB banking market.
However, strict license and accreditation procedures and high cord blood banking fee in private banks hampers the growth of global UCB banking market. As a result, the global UCB banking market is expected to grow a CAGR of 6.1% during 2014-2020.
Request Umbilical Cord Blood Banking Market report Sample:
North America has the largest market for UCB banking. Increasing prevalence of chronic diseases is key driver of UCB banking market in the region. In addition, various government associations have also led to the importance of cord blood donation and services for its future use in North America.
Similarly, the European UCB banking market is mainly driven by the increasing prevalence of diseases. In addition, increased awareness about therapeutic applications of cord blood and rising number of live births are also contributing in the growth of the UCB market in the region.
In Asia-Pacific, UCB banking market is growing due to rising aging population and increasing prevalence of chronic diseases. In addition, several government associations and increasing number of live births are also increasing the demand of cord blood banking services in the region.
PMR Latest Reports:
Uveitis Treatment Market:
Healthcare Cloud Computing Market:
Cleanroom Technology Market:
Cord Blood Registry Systems, Inc, Cordlife Group Limited, Cord Blood America, Inc. Cryo-Cell International, Inc., China Cord Blood Corporation and Esperite NV are some of the leading players in the global UCB banking market. Other major players of UCB banking market include Smart Cells International Ltd, StemCyte, ViaCord and NeoStem Inc.
The global UCB banking market is segmented as follows:
UCB Banking Market, By Therapeutic Application of UCB
Bone Marrow Failure Syndromes
UCB Banking Market, By Storage Option
Private UCB Bank
Public UCB Bank
UCB Banking Market, by Geography
Rest of North America
Rest of Europe
Rest of Asia-Pacific
Rest of the World (RoW)
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.
PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.
Company Name: Persistence Market Research PVT. LTD. Contact Person: Glen Hare Email: email@example.com Phone: +1-646-568-7751 Address:305 Broadway, 7th Floor City: New York State: NY Country: United States Website: www.persistencemarketresearch.com/