Umbilical cord blood bank is storage facility that collects cord blood after the childbirth from placenta. Cord blood is rich source of stem cell used in treatment of different chronic diseases. Private and public cord blood banks are the two major types of banks that are prevalent in the cord blood bank market. Cord blood market is expected to grow at 33.5% CAGR from 2012-2020. Public cord blood banks share more revenue as compared to private cord blood banks. Increase in awareness for cord blood storage by the government and private organizations is supporting the growth of UCB stem cell storage market. There are more than 200 public cord blood banks present in world funded by government and non-profit organizations.
Most of the cord blood banks are facing ethical problems regarding sample security. This factor is majorly responsible for decrease in the growth of cord blood banking. This report provides information about current trends for cord blood storage. Current pricing scenario for private cord blood banks and ethical issues faced by public cord blood banks is explained in this report.
Key players in cord blood banking industry includes; NeoStem, Inc., ViaCord, Inc., China Cord Blood Corporation, Cord Blood Registry Systems, Inc., Cord Blood America, Inc.
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