The cord blood banking industry is one of the fastest growing industries in the world, according to a new study on ASDReports

Wednesday 23 July 2014, Amsterdam

OVERVIEW:   

As of 2005, there were only 23 active cord blood banks, and now there are nearly 500 worldwide. That is a 21-fold increase (2,100%) in the companies involved in the industry, in less than a ten year period. Cord blood banks now exist in every developed country, as well as within most developing nations. This rapid market growth represents both an opportunity to profit, as well as swarming competition.

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 relative to population

In addition to being a fast-growth field, it is also a recent industry. 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. In 1988, the first successful cord blood transplant occurred, but it was not until 1995 that the first private cord blood bank began operations. Since 1988, stem cells from umbilical blood have been used in more than 30,000 transplants worldwide.

Furthermore, it was not until July 2010, when the Cord Blood Registry (CBR) became the first private U.S. cord blood bank to offer umbilical cord tissue storage, now a common practice among U.S. cord blood banks.

As such, it is clear that cord blood banking represents a lucrative market opportunity and the "Complete 2013-14 U.S. Cord Blood Banking Industry Report" is your guide to claiming maximal profits from the sector.

Another distinctive feature of the report is the findings discovered as a result of surveying 567 U.S. parents. The survey reveals how to strategically position your products, effectively educate parents, prioritize your marketing budget, and understand why parents bank publicly, privately, or not at all. Critically, it also reveals the most popular parents blogs, websites, and apps among expectant parents. This section provides key insight into the minds of your prospective clients, empowering you to make effective strategic decisions, create targeted marketing messages, and produce higher prospect-to-client conversion rates.

Key Findings From the Report Include:

• Market Size Determinations for the U.S. Cord Blood Market, including Projections through 2018
• Trend Data for Umbilical Cord Blood Grants, Patents, and Scientific Publications
• Clinical Trial Analysis, including Comparison of Cord Blood vs. Cord Tissue Frequency
• Rates of Worldwide Cord Blood Storage (Units per Year)
• Current and Future Conditions Treatable with Cord Blood
• Probability of Requiring a Stem Cell Transplant by Age
• Trends in Medical Opinions of Cord Blood Banking
• 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
• Crucial Trends and Unmet Market Needs
• Charts, Timelines, and Financials for the Cord Blood Industry
• End-User Survey of Expectant Parents (567 U.S. Respondents)
• “Tested" Language for Selling to Expectant Parents
• Rates of Parental Awareness
• Consumer Behavioral Patterns
• And Much More  

In summary, the "Complete 2013-14 U.S. Cord Blood Banking Industry Report" addresses industry trends by strategically positioning companies to expand, profit, and outmaneuver the competition. It is a must-read report for individuals to optimally position themselves to sell cord blood services or to invest in the industry.