|By PR Newswire||
|January 28, 2014 01:15 PM EST||
DUBLIN, January 28, 2014 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/pgsn5d/complete_201314) has announced the addition of the "2014 Report on the U.S. Cord Blood Banking Industry" report to their offering.
The cord blood banking industry is one of the fastest growing industries in the world. There were only 23 active cord blood banks as of 2005, and now there are 485 worldwide. Cord blood banks now exist in nearly every developed country, as well as within several developing nations. That is a 21-fold increase (2,100%) in the companies involved in the industry in less than a ten-year period.
Within the United States, cord blood banks have appeared in nearly every state. Furthermore, the U.S. cord blood banking industry is the most mature cord blood banking market in the world, having the:
- First company to offer cord blood storage (1995)
- Early entrant into cord tissue storage (2010)
- Largest total number of industry participants (both public and private)
- Most number of cord blood units (CBU) stored
- Most cord blood units banked proportional to population
This rapid market growth represents both an opportunity to profit, as well as swarming competition.
A Fast-Growth Industry, Driven by Medical Necessity and Consumer Demand
The field of cord blood banking is a fast-growth field, driven by medical necessity and consumer demand. It is also a recent industry, as it was not until 1974 that it was first proposed that stem and 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. In 1988, the first successful cord blood transplant occurred, but it was not until 1995 that the first private cord blood bank began operations.
Furthermore, it was not until July, 2010, when the Cord Blood Registry became the first private U.S. cord blood bank to offer umbilical cord tissue storage. In the two years that have since passed then, the number of private U.S. cord blood banks offering cord tissue storage has risen to nine. This represents an average of one new U.S. cord blood bank adding cord tissue storage every 3 months. If this rate continues, half of all private U.S. cord blood banks will offer cord tissue storage within two years.
Key Topics Covered:
PART 1: U.S. Cord Blood Banking Industry - MarketOverview & Outlook
I. Timeline of Critical Events in U.S. Cord Blood Banking
II. Likelihood of Needing a Stem Cell Transplant
III. Current, Near-Term, and Projected Conditions Treatable with Cord Blood Transplant
IV. Cord Blood vs. Bone Marrow and Peripheral Blood, as a Source of Stem Cells for Transplant
V. Cord Blood Banking - Storage Options
PART 2: Expansion and Growth - Trailing Twelve Month Analysis & Forward Projections
I. Fast-Growth vs. Flat-Growth - Bimodal Distribution
II. Growth Rate
IV. Industry Conditions - North America
VI. Cord Tissue Storage
VII. Barriers to Entering the U.S. Cord Blood Market
VIII. Leveraging Novel Tactics for Substantive Revenue Growth
IX. Comparing to the Competition - Setting Yourself Apart
PART 3: Parent Survey - Continuing to Grow by Listening to ExpectantParents
I. Expectant Parent Survey
II. Summary of Conclusions
For more information visit http://www.researchandmarkets.com/research/pgsn5d/complete_201314
Media Contact: Laura Wood , +353-1-481-1716, [email protected]
SOURCE Research and Markets
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