Stem Cell Umbilical Cord Blood Market to Reach $10.13 Bn, Gl

|Aug 26|magazine16 min read

Rise in genetic testing, development in treatment for chronic diseases, and emergence of suitable payment plans drive the growth of the global stem cell umbilical cord blood market

PORTLAND, Ore., Aug. 26, 2020 /PRNewswire/ -- Allied Market Research published a report, titled, "Stem Cell Umbilical Cord Blood Market by Storage Service (Public Cord Blood Banks, Private Cord Blood Banks, and Hybrid Cord Blood Banks), Therapeutics (Cancer, Diabetes, Blood Diseases, Immune Disorders, Metabolic Disorders, and Other Diseases), and Application( Transplant Medicine and Regenerative Medicine): Global Opportunity Analysis and Industry Forecast, 2020–2027." According to the report, the global stem cell umbilical cord blood industry was estimated at $3.11 billion in 2019, and is anticipated to hit $10.13 billion by 2027, registering a CAGR of 16.9% from 2020 to 2027.

Download Sample Report with Detailed COVID-19 Impact Analysis at: https://www.alliedmarketresearch.com/request-for-customization/114?reqfor=covid

Drivers, restraints, and opportunities-

Rise in genetic testing, fertility, and reproduction assisted services, development in treatment for chronic diseases, surge in spending capacity of individuals, and emergence of suitable payment plans drive the growth of the global stem cell umbilical cord blood market. On the other hand, several legal and ethical issues during collection, higher cost of therapies, and unavailability of suitable matched donor impede the growth to some extent. However, advancements in therapeutic applications and rise in funds for public storage are expected to create lucrative opportunities in the industry.

COVID-19 scenario-

  • The outbreak of COVID-19 led to postponement of a number of medical procedures. Also, the first phase of the lockdown put off many healthcare companies from investing in the research and commercialization of cord blood stem cell therapies.
  • However, government bodies across the world are now coming up with relaxations on the existing dictums and with this drift in place, the global stem cell umbilical cord blood market has already started recouping its stance.

The private cord blood banks segment to retain its dominance by 2027-

Based on storage services, the private cord blood banks segment contributed to nearly half of the global stem cell umbilical cord blood market revenue in 2019 and is expected to dominate by the end of 2027, owing to the technological advancements done at the storage facilities, increasing clinical applications for stem cells, and rising awareness regarding the use of umbilical cord blood stem cell and its applications in various diseases. The hybrid cord blood banks segment, on the other hand, would register the fastest CAGR of 17.1% during the study period.

The regenerative medicine segment to rule the roost-

Based on application, the regenerative medicine segment accounted for nearly three-fifths of the global stem cell umbilical cord blood market share in 2019 and is projected to lead the trail till 2027. This is because regenerative medicines in organ transplant eliminate the use of immune-suppressing drugs and anti-inflammatory treatment that are required to treat artificial organ, bone and tissues. Simultaneously, the transplant medicine segment would portray the fastest CAGR of 16.6% throughout the forecast period. The fact that the transplant medicines and stem cells are used in combination, as these are the complementary sources of treatment for replacing and matching damaged organs drives the segment growth.

For Purchase Enquiry at: https://www.alliedmarketresearch.com/purchase-enquiry/114

North America held the major share in 2019-

Based on geography, North America generated the major share in 2019, garnering more than two-fifths of the global stem cell umbilical cord blood market. Surge in experimental approaches being taken to attack the beta cells from immune system escalates the market growth in the province. At the same time, Asia-Pacific would manifest the fastest CAGR of 16.7% from 2020 to 2027. Increasing clinical trials in the region that stem cell to cure many age-related diseases and delay ageing have fueled the market growth.

Frontrunners in the industry-

  • Cord Blood America
  • Americord Registry
  • Cordvida
  • Cryo-Cell International
  • Cordlife Group Limited
  • Medipost
  • Global Cord Blood Corporation

Access AVENUE- A Subscription-Based Library (Premium on-demand, subscription-based pricing model) at:

Sign up for Avenue subscription to access more than 12,000+ company profiles and 2,000+ niche industry market research reports at $699 per month, per seat. For a year, the client needs to purchase minimum 2 seat plan.

Avenue Library Subscription | Request for 14 days free trial of before buying: https://www.alliedmarketresearch.com/avenue/trial/starter

Get more information: https://www.alliedmarketresearch.com/library-access

Similar Reports:

Cord Blood Banking Services Market - Global Opportunity Analysis and Industry Forecast, 2020–2026

Blood Pressure Monitoring Devices Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Disposable Blood Bag Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Blood Screening Market - Global Opportunity Analysis and Industry Forecast, 2019–2026

Blood Lancet Market - Global Opportunity Analysis and Industry Forecast, 2019-2026

Blood Stream Infection Testing Market - Global Opportunity Analysis and Industry Forecast, 2019–2026

About Us

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:

David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA/Canada (Toll Free): 1-800-792-5285, 1-503-894-6022, 1-503-446-1141
UK: +44-845-528-1300
Hong Kong: +852-301-84916
India (Pune): +91-20-66346060
Fax: +1(855)550-5975
[email protected]
Web: https://www.alliedmarketresearch.com
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research

Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg