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Cord Blood Banking Services Market - Future Trends and Forecast upto 2019 Health Articles | August 18, 2016
Cord blood banking is a technique that entails retrieving umbilical cord blood stem cells and using them at a later stage to re-populate blood and cure various medical conditions. The current state of the global cord blood banking market is particularly interesting given the interest that it is garnering from the medical fraternity.
The global cord blood banking services market is highly fragmented and is characterized by the presence of dispersed public and private cord blood banks operating in parts of the world, states a new study by Transparency Market Research (TMR). The strong R&D setup http://www.schweizvapormax.com/ , robust competitive strategies, and financial stability of private cord blood banks give them a competitive edge over public banks and are thus successful in attracting customers worldwide. Some of the key players in this market are Cord Blood America Inc., Cordlife Group Ltd. nike vapormax günstig , Cryo-Save Group AV, Cord Blood Registry Systems Inc., Cry-Cell International Inc. nike vapormax kaufen , and ViaCord Inc.
Focus on research and development is one of the key growth models that leading companies in this market are adopting. In this regard, Cord Blood Registry Systems Inc. and Cry-Cell International have set benchmarks for cord blood preservation and processing for other players to follow suit.
Partnerships and agreements are what leading players in this market are looking forward to expand their geographical reach. A case in point is Cord Blood America Inc. The company entered into a partnership with Bonco Vida Corp. based in Puerto Rico, by which the former would provide cord blood stem cell collection and storage services to customers of the latter.
Mergers and acquisitions are other strategies that companies in the market are adopting to enhance their presence globally.
Technological Breakthroughs will Ensure Sustainable Growth to Stem Cells Fuel Market
“Advancement in cord blood banking technology is one of the major factors driving the growth of the global cord blood banking services market nike air vapormax schweiz ,” says a TMR analyst. The process employed in the storage of blood from umbilical cord varies for each company depending on their technological capacity. Therefore, technological advancements enabling smooth and efficient processing of cord blood throughout the life span will reduce cost and encourage the establishment of more facilities for preserving cord blood.
Increased acceptance and rising awareness among parents about the benefits of cord blood arealso driving the growth of this market. Due to adequate knowledge about the benefits of cord blood among expectant parents and availability of cord blood banking facilities, cord blood banking services in developed countries is on the rise. On the other hand air vapormax schweiz , lack of adequate infrastructure and high costs involved in cord blood banking process are reasons for the slow growth of the cord blood banking services market in developing regions.
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Statutory Requirements for Operations of Cord Blood Banking Services Impede Market’s Growth