Cord Blood Banking Services Market Report, Size Segments and Growth 2021: Research Strategies with Share Analysis, Top Key Players with Opportunities Forecast (2021-2027)

 A comprehensive overview of the Cord Blood Banking Services Market is recently added by UnivDatos Market Insights to its humongous database. Cord blood banking services market report has been aggregated by collecting informative data from various dynamics such as market drivers, restraints, and opportunities. This innovative report makes use of several analyses to get a closer outlook on the cord blood banking services market. The report offers a detailed analysis of the latest industry developments and trending factors in the market that are influencing the market growth. Furthermore, this statistical market research repository examines and estimates the cord blood banking services market at the global and regional levels.

Market Overview

Cord blood banking services collect potentially life-saving stem cells from the umbilical cord and placenta and store them for future use. They can treat cancer, blood diseases such as anemia, and some immune system disorders, which disrupt the body's ability to defend itself. This fluid is easy to collect and has 10 times more stem cells than those collected from bone marrow. For instance, in March 2020, the researchers from Vinmec Healthcare System, Vietnam, reported that cryo umbilical cord blood mononuclear cells source was effective in generating allogeneic dendritic cells and their exosomes can be used for vaccinating against cancer. Also, increasing mergers and acquisitions are expanding the reach of researchers over the world. In September 2019, Natera, Inc. (NASDAQ: NTRA) and CBR (Cord Blood Registry) announced their acquisition by CBR, a California Cryobank Life Sciences company, to form newborn stem cell collection and storage organization, of Natera’s Evercord cord blood and tissue banking business.

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Furthermore, the increasing application of cord blood in the treatment of chronic diseases such as diabetes, cancer, immunodeficiency disorders, and genetic disorders is also promoting the cord blood bank services market. For instance, in September 2018 CBR (Cord Blood Registry), a newborn stem cell company, has announced the publication of the results of the first clinical trial evaluating the use of autologous umbilical cord blood in children with acquired sensorineural hearing loss (SNHL). The study was published in August 2018 by the Journal of Audiology & Otology, and institutional funding was provided solely by CBR, a California Cryobank Company. Additionally, the increasing research in the field of cord blood for treating neurodegenerative disorders will boost the market further during the analysed period.

COVID-19 Impact

The Covid-19 pandemic has affected so many areas worldwide, including the economy, as well as many medical fields. The pandemic has also impacted all aspects of cord blood preservation on the donor, as well as the recipient, side for some instance of time. But in July 2020, when FDA approves a clinical trial exploring the use of umbilical cord stem cells to treat severe cases of Covid-19 the market of cord blood banking services again started flourishing. For instance, in August 2020 CBR by Generate Life Sciences, a private newborn stem cell bank, and NantKwest, a clinical-stage, natural killer cell-based immunotherapy company, announced a collaboration to develop a COVID-19 treatment leveraging newborn stem cells. CBR will provide research-donated umbilical cord tissue-derived mesenchymal stem cells (MSCs) to NantKwest for efficient and robust expansion utilizing their proprietary modular, closed bioreactor system from NantKwest affiliate ImmunityBio, Inc.

Global Cord Blood Banking Services Market report is studied thoroughly with several aspects that would help stakeholders in making their decisions more curated.

By Storage Services, the market is primarily bifurcated into

·         Public Cord Blood Banks

·         Private Cord Blood Banks

·         Hybrid Cord Blood Banks

The private cord blood banks segment grabbed the major market share in 2020, owing to the high cost of collection, processing, and storage along with the maximum awareness created by marketing actions and strategies accomplished by the key companies lead to huge revenue share of private banks across the world.

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By Component, the market is primarily bifurcated into

·         Cord Blood

·         Cord Tissue

·         Placenta

·         Others

The cord blood segment ruled the market and accounted for the maximum share in 2020 due to the augmenting awareness of people about conserving cord blood stem cells of newborns to treat chronic diseases like cancer, diabetes, immunodeficiency disorders, genetic disorders, and others.

By Application, the market is primarily bifurcated into

·         Cancer

·         Blood Disorders

·         Metabolic Disorders

·         Osteoporosis

·         Immunodeficiency Disorders

·         Bone Marrow Failure Syndrome

The cancer segment dominated the market in 2020. The highest growth of this segment is accredited due to the growing incidences of cancer across the world. For instance, in March 2020, researchers from Vinmec Healthcare System, Vietnam, reported that cryo umbilical cord blood mononuclear cells source is effective in generating allogeneic dendritic cells and their exosomes can be used for vaccinating against cancer

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By End-User, the market is primarily bifurcated into

·         Hospitals

·         Research Institutes

·         Specialty Clinics

·         Others

The research institutes segment ruled the market and accounted for the maximum share in 2020 due to the increasing research and development in the field of cord blood for treating neurodegenerative disorders and other chronic diseases.

Cord Blood Banking Services Market Geographical Segmentation Includes:

·         North America (United States, Canada, Rest of North America)

·         Europe (Germany, United Kingdom, Italy, France, Spain, Rest of Europe)

·         Asia-Pacific (China, Japan, India, Australia, Rest of Asia-Pacific)

·         Rest of the World

Based on the estimation, North America constitutes a major market for cord blood banking services and generated maximum revenue in 2020 owing to the high government funding, robust personal healthcare spending, developed awareness programs, rapid acceptance of new analytical techniques, and the presence of skilled professionals and physicians.

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The major players targeting the market includes

·         CBR Systems Inc.

·         China Cord Blood Corporation

·         Americord

·         Cordlife Group Limited

·         Cryo-Cell International Inc.

·         Cryo-Save AG

·         Vita34

·         CordVida

·         ViaCord Inc.

·         Virgin Health Bank

Competitive Landscape

The degree of competition among prominent global companies has been elaborated by analyzing several leading key players operating worldwide. The specialist team of research analysts sheds light on various traits such as global market competition, market share, most recent industry advancements, innovative product launches, partnerships, mergers, or acquisitions by leading companies in the cord blood banking services market. The major players have been analyzed by using research methodologies for getting insight views on global competition.

Key questions resolved through this analytical market research report include:

•         What are the latest trends, new patterns, and technological advancements in the cord blood banking services market?

•         Which factors are influencing the cord blood banking services market over the forecast period?

•         What are the global challenges, threats, and risks in the cord blood banking services market?

•         Which factors are propelling and restraining the cord blood banking services market?

•         What are the demanding global regions of the cord blood banking services market?

•         What will be the global market size in the upcoming years?

•         What are the crucial market acquisition strategies and policies applied by global companies?

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Final Report will add the analysis of the impact of COVID-19 on this industry.”

In the highly import dependent Indian medical devices market, a large number of indigenous manufacturers of syringes & needles have managed to come up. However, it does not mean that imports are low for this market. Imports, as in the case with other medical devices, are quite high but the domestic manufacturers have been able to tap foreign markets through increasing exports. The target base of consumers is growing steadily which is expected to significantly boost sales in the market.

The report provides a snapshot of the syringes & needles market. It begins with the introduction section which mentions the features and uses of syringes & needles along with a brief description of the various phases in their development. The market overview section provides an insight into the market and highlights the market size. Import and export figures for syringes & needles, both in terms of volume and value have been provided in the next section. It also includes the regional break-up of the imports and exports.

An analysis of the drivers explains the factors leading to the growth of the market which include increasing need of insulin doses, increasing demand for vaccines, improving health infrastructure, growing incidence of diseases, changing demographics and health check-up packages. Some of the major challenges to the market are illegal recycling of syringes & needles and problems associated with usage. Government legislation in the market has been discussed in the next section.

The competition section highlights the features of the major players operating in the market. A brief profile of the major domestic and foreign players in the market along with their financials has been included in this section.

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A section providing strategic recommendations has been given at the end of the report which gives effective solutions to existing and potential players for improving market share and increasing profitability. The Market report answers the following questions:

What is the aim of the report?

·         The market report presents the estimated market size of cord blood banking services market by the end of forecast period. Additionally, the historical and current market size is also examined in the report.

·         Based on various indicators, the Year on Year growth (%) and compound annual growth rate (CAGR) for the given forecast period is offered.

·         An overview of the Market based on geographical scope, market segmentation and financial performance of key players is presented in the report.

·         The report presents current trends in the industry and future scope of the Market in North America, Asia Pacific, Europe, Latin America and Middle East and Africa.

·         The various parameters accelerating the growth of Market are incorporated in the research report.

·         The report analyzes growth rate, market size and valuation of the Market during the forecast period.

What aspects regarding the regional analysis Market are included in this report?

·         Geographical regions covered in the report include North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

·         The report consists of detailed region-wise analysis of current and future market trends, providing information on product usage and consumption.

·         The growth rate of the market in every region, including their countries over the forecast period is included in the market report.

·         Based on what factors are the key market players assessed in this report?

·         The report offers detailed analysis of leading companies in the market across the globe.

·         It provides details of the major vendors involved in the Market including Key Playes

·         A comprehensive overview of each company including the company profile, generated revenue, pricing of goods and

·         the manufactured products is incorporated in the report.

·         The facts and figures about market competitors along with standpoints of leading market players are presented in the report.

·         The recent developments, mergers and acquisitions related to mentioned key players are provided in the market report.

What is the key information extracted from the report?

·         Extensive information on factors estimated to affect the Market growth and market share during the forecast period is presented in the report.

·         The report offers the present scenario and future growth prospects Market in various geographical regions.

·         The competitive landscape analysis on the market as well as the qualitative and quantitative information is delivered.

·         The SWOT analysis is conducted along with Porter's Five Force analysis.

·         The in-depth analysis provides an insight into the Market, underlining the growth rate and opportunities offered in the business.