Global Cord Blood Banking Services Market is valued USD 28.68 billion in 2016 is anticipated to grow USD 80.23 billion with the compounded annual growth of 12.11% over the forecast period 2018-2025.

New York 26 Aug 2018, As per the new research study conducted by Bizwit Research & Consulting, Global Cord Blood Banking Services market industry is poised to raise USD 80.23 billion by 2025. The major factors expected to augment the market are stem cells in genetic disease treatment and growing usage of cord blood, growing awareness about the benefits, wide availability of service providers along with insurance coverage. Cord blood banking is the process of accumulating the cord blood and extracting & cryogenically freezing its stem cells and other cells of the immune system for potential future medical use.

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Global Cord Blood Banking Services Market Size Study By Bank Types (Private, Public, and Hybrid), and By Regional (North America, Europe, Asia Pacific, Latin America, and Rest of the World) Forecasts, 2018-2025

The industry is seeming to be fairly competitive. Some of the leading market players include CBR Systems, Inc., China Cord Blood Corporation, Cryo-Cell International, Inc., Cord Blood America, Inc., Cordlife Group Limited, Cryo-Save AG, ViaCord, Inc., Lifeforce Cryobanks, Virgin Health Bank, National Cord Blood Program, and so on. The fierce competitiveness has made these players spend in product developments to improve the customer’s requirements.

Key findings of the study:

  • The North American region accounted for the leading market share, more than XX % of the total market in 2016.
  • The Asia Pacific region will be the highest growing segment with respect to geographical segmentation, the region is likely to grow by XX% CAGR over the forecast period 2018-2025

Bizwit Research & Consulting LLP has considered following segments for the study:

By Bank Types:

  • Private
  • Public
  • Hybrid

Regional Outlook:

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Rest of the World

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