Complete 2013-14 U.S. Cord Blood Banking Industry Report

Oct 6, 2014- Mumbai, India :Bharatbook.com announces a new report on "Complete 2013-14 U.S. Cord Blood Banking Industry Report”, is a fast-growth field, driven by medical necessity and consumer demand.

Bharat Book Bureau presents the new report, on "Complete 2013-14 U.S. Cord Blood Banking Industry Report”, This rapid market growth represents both an opportunity to profit, as well as swarming competition.

OVERVIEW

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)

- Largest total number of industry participants (both public and private)

- Greatest 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...