DUBLIN--(BUSINESS WIRE)--The "U.S. Cord Blood Banking Services Market Analysis By Bank Type, By Component (Cord Blood, Tissue, Placenta), By States (Texas, Arizona, California, Florida, Kentucky, New Jersey), And Segment Forecasts, 2014 - 2025" report has been added to ResearchAndMarkets.com's offering.
The U.S. cord blood banking market is expected to reach USD 49.1 billion by 2025
Increasing awareness regarding long term benefits of cord blood storage, increasing number of service providers, reduction in cost involved in storage, and growing investment in public banking are the factors driving the market growth in the country.
The U.S. cord blood banking market captures a significant share of the global cord blood banking industry. Factors such as high adoption rate for advanced technologies, growing per capita income, and increasing number of storage service providers can be attributable to the largest market share.
Growing applications of cord blood in the treatment of several chronic disorders is expected to fuel the market. Currently cord blood is approved for usage in around 80 diseases. These disease include degenerative disorders such as cancers, immunodeficiency related disorders, and bone marrow disorders. Growing prevalence of such diseases and need for effective therapeutic treatments are expected to boost the number of units stored. A large number of ongoing clinical trials in phase II, III, and IV are showing a potential growth opportunity in the near future.
Market Driver Analysis
- Rising application of cord blood in treatment of chronic conditions
- Rising focus of federal agencies to set up public banking units
- Growing awareness regarding this treatment line
- Increasing number of facilities across the region
Market Restraint Analysis
- High cost and probability of non-usage
- Market is highly driven by recommendation made by gynecologists
Key Topics Covered:
Chapter 1 Research Methodology
Chapter 2 Executive Summary
Chapter 3 U.S. Cord Blood Banking Services Market Variables, Trends & Scope
Chapter 4 U.S. Cord Blood Banking Services Market: Bank Type Estimates & Trend Analysis
Chapter 5 U.S. Cord Blood Banking Services Market: Blood Component Estimates & Trend Analysis
Chapter 6 U.S. Cord Blood Banking Services Market: Regional Estimates & Trend Analysis, By Bank Type & Blood Component
Chapter 7 Competitive Landscape
- Cord Blood America Inc.
- California Cryobank Stem Cell Services LLC.
- StemCyte Inc.
- Cryo-Cell International Inc.
- Lifeforce Cryobank Sciences Inc.
- Stem Cell Cryobank Inc.
- Norton Healthcare
- Viacord Processing Laboratory (VPL)
- New Jersey Cord Blood Bank
- Carter BloodCare
- Americord Registry
For more information about this report visit https://www.researchandmarkets.com/research/pxlf85/u_s_cord_blood?w=4