Stem Cell Umbilical Cord Blood Market Rising Focus on Treatment of Chronic Diseases Drive the Market Growth

Stem Cell Umbilical Cord Blood

Stem Cell Umbilical Cord Blood

PORTLAND, OR, UNITED STATE, November 18, 2021 / — "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.

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.

Explore Report Description@

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:

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-

The companies offering stem cell umbilical cord blood storage services include Cordlife Group Limited, Cord Blood America, Cryo-Cell International, Medipost, Global Cord Blood Corporation, Americord Registry, and Cordvida.

Avenue Basic Plan | Library Access | 1 Year Subscription |

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.

Request for 14 days free trial:

“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”

Trending Reports in Healthcare Industry:

Oral Care Products Market Global Research By 2030

Epilepsy Drug Market Global Research By 2030

CT Scanners Market Global Research By 2030

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 domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. 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

David Correa
Allied Analytics LLP
+ +1 8007925285
email us here
Visit us on social media:

Source: EIN Presswire