Global Cord Blood Banking Services Market Hampered by Blood Shortage and Restrictive Usage; Market to Reach US$15.23 bn by 2019 The global cord blood banking services market is exhibiting a CAGR of 5.60% from 2013 to 2019. At the end of this forecast period, the market is expected to reach US$15.23 bn, after it was recorded at US$12.40 bn in 2012. The data is compiled into a research report published by Transparency Market Research. The report, titled “Cord Blood Banking Services Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2019,” highlights the key aspects of this market after a thorough analysis of the drivers, restraints, and opportunities that lie ahead in the market’s timeline.
Cord blood banks are present around the world today. Equipped with the latest technologies with respect to medical data-keeping and storage, cord blood banks are locations where an individual can store blood from the umbilical cord for future use. Cord blood is what remains in the placenta after birth and is highly valuable in the treatment of diseases that are genetic or hematopoietic in nature. Cord blood banks can be public or private and usually charge a fee for collection as well as an annual fee for storage and maintenance. Cord blood banks are present around the world today. Equipped with the latest technologies with respect to medical data-keeping and storage, cord blood banks are locations where an individual can store blood from the umbilical cord for future use. Cord blood is what remains in the placenta after birth and is highly valuable in the treatment of diseases that are genetic or hematopoietic in nature. Cord blood banks can be public or private and usually charge a fee for collection as well as an annual fee for storage and maintenance. In terms of authority, the activities in the global cord blood banking services market are monitored and governed by bodies such as the Human Tissue Authority, Clinical Laboratory Improvement Amendments, American Association of Tissue Banks, and the American Association of Blood Banks According to the report, the primary driver for the global cord blood banking services market is the increasing number of applications available for cord blood. This increase in scope of use will create more opportunities in this market in the near future. Browse Full Research Report on Cord Blood Banking Services Market: http://www.transparencymarketresearch.com/cord-blood-banking-services.html