Increasing prevalence of ALS fuels Cord Blood Banking Service Market growth over the forecast period.

HYDERABAD, TELANGANA, INDIA, August 26, 2022 /EINPresswire.com/ -- IndustryARC, in its latest report, predicts Cord Blood Banking Services Market Size is estimated to reach $3.6 billion by 2027. Furthermore, it is poised to grow at a CAGR of 11.8% over the forecast period of 2022-2027. The blood that remains in the placenta and umbilical cord after a baby is born is known as cord blood. The report offers a complete analysis of the market, its major segments, growth factors, trends, drivers and challengers, key players and more.

Key Takeaways:

1. Geographically, North America held a dominant market share in the year 2021 owing to advance healthcare infrastructure and an increase in healthcare spending.

2. Rising awareness among parents and increasing prevalence of life-threatening diseases drive Cord Blood Banking Services Market over the forecast period 2022-2027.

3. High costs associated with procedures will impact Cord Blood Banking Services Market's projected forecast period.
A detailed analysis of strengths, weaknesses, opportunities, and threats will be provided in the Cord Blood Banking Services Market Report.

Interested in knowing more relevant information? Click here:
https://www.industryarc.com/pdfdownload.php?id=17355

Segmental Analysis:

1. Public Cord Blood Bank is estimated to be the fastest-growing with a CAGR of 12.3% over the forecast period of 2022-2027. The growth is due to increasing investment in Public Cord Blood Bank.

2. Cord Blood is estimated to be the fastest-growing with a CAGR of 12.9% over the forecast period of 2022-2027 owing to hematopoietic stem cells which have the ability to form any type of any kind of blood cell.

3. Cord Blood Banking Services Market based on components can be further segmented into Cord Blood, and Cord Tissue. Cord Tissue segment which is found in the umbilical cord held a dominant share in 2021.

4. The worldwide annual incidence of ALS is about 1.9 per 100,000, while in Europe it is 2.2 per 100000 people. Such increasing prevalence of ALS fuels Cord Blood Banking Service Market growth over the forecast period.

Competitive Landscape:

The top 5 players in the Cord Blood Banking Services industry are -

1. AMAG Pharmaceuticals, Inc.

2. Americord Registry LLC

3. China Cord Blood Corporation

4. Cord Blood America

5. Cordlife Group Limited

Click on the following link to buy the Cord Blood Banking Services Market Report:
https://www.industryarc.com/reports/request-quote?id=17355

Why Choose IndustryARC?

IndustryARC is one of the leading market research and consulting firms in the world. It produces over 500 unique market reports annually. If you are looking for a detailed overview of a particular market, you can simply connect with the team at IndustryARC. You can not only buy your preferred market report from the website, but also get personalized assistance on specific reports.

Similar Reports:

A. Blood Collection Tubes Market - Forecast(2022 - 2027)
https://www.industryarc.com/Report/15705/blood-collection-tubes-market.html

B. Cancer Immunotherapy Market - Forecast(2022 - 2027)
https://www.industryarc.com/Report/15741/cancer-immunotherapy-market.html

Contact Us:
Mr. Venkat Reddy
IndustryARC
Email: venkat@industryarc.com, sales@industryarc.com
USA: (+1) 970-236-3677, (+1) 815-656-4596
IND: (+91) 40-485-49062

Venkat Reddy
IndustryARC
+1 614-588-8538
venkat@industryarc.com
Visit us on social media:
Facebook
Twitter
LinkedIn

Legal Disclaimer:

EIN Presswire provides this news content "as is" without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.