New BioInformant report finds 21-fold increase in companies involved in cord blood banking industry
Published on August 21, 2014 at 7:34 AM
As a leading provider of market research, MarketResearch.com is pleased to announce the distribution of a new BioInformant Worldwide, L.L.C. report that found a 21-fold increase (2,100%) in the companies involved in the cord blood banking industry in the past 10 years.
BioInformant's latest report, "Complete 2013-14 U.S. Cord Blood Banking Industry Report," explores the cord blood banking industry, which is one of the fastest growing industries in the world. As of 2005, there were only 23 active cord blood banks, and, now, nearly 500 exist worldwide. Cord blood banks exist in every developed country and are also present in developing nations. Because of this rapid growth, there is an opportunity for organizations to make profit in this industry.
To learn more about the cord blood banking industry, visit:
The U.S. cord blood banking industry is the most mature of the cord blood banking market, due to it having:
- First company to offer cord blood storage (1995)
- Largest total number of industry participants (both public and private)
- Greatest number of cord blood units (CBU) stored
- Most cord blood units banked relative to population
For being a fast-growth field, the industry is relatively new. It was not until 1974 that it was first proposed that progenitor cells were present in human cord blood, and 1983 that umbilical cord blood was proposed as an alternative source of stem cells for transplant. Then, the first successful cord blood transplant occurred in 1988, but the first private cord blood bank did not begin operations until 1995. Since 1988, stem cells from umbilical blood have been used in more than 30,000 transplants worldwide.
The key findings in this report include:
- Market Size Determinations for the U.S. Cord Blood Market, including Projections through 2018
- Clinical Trial Analysis, including Comparison of Cord Blood vs. Cord Tissue Frequency
- Changes in Legislative Support for Cord Blood Banking
- Critical Timeline Events for the U.S. Cord Blood Industry
- Competitive Environment Analysis, including Assessment of Market Leaders
- End-User Survey of Expectant Parents (567 U.S. Respondents)
- And Much More