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The market for umbilical cord blood banking is being driven by the emerging trends of the cord tissue storage and allogeneic hematopoietic stem cell transplantation. Further, the Asia Pacific region is the rapidly growing region for the umbilical cord blood banking industry. This can be attributed to the rising prevalence of chronic diseases in the region. Moreover, increasing awareness regarding the potential applications of cord blood and the rising number of live births are supporting the market growth of umbilical cord blood banking in the Asia Pacific. China, followed by India, has the highest number of live births around the world.
The major key players in the industry are CBR Systems, Inc. and Cryo-Cell International, Inc. (OTCMKTS: CCEL). Further, the Cesca Therapeutics’ (Nasdaq: KOOL) subsidiary ThermoGenesis, which is a market leader in automated cellular processing, announced in July 2019 that CBR® (Cord Blood Registry), the country’s biggest newborn stem cell storage bank, has started to transition to ThermoGenesis' next-generation AXP® II System for the swift processing of cord blood units. ThermoGenesis maintains its role of being a sole supplier of critical devices and disposables to the CBR, which is used in the processing of cord blood samples.
Market Analysis by Storage Operation, Service Type, Application, and Region:
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CBR Systems, Inc., Cryo-Cell International, Inc., Smart Cells International Ltd., Global Cord Blood Corporation, and Stemcyte India Therapeutics Pvt. Ltd, among others, are the key players in the global umbilical cord blood banking market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.
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