India Cord Stem Cell Banking Market is projected to register a healthy CAGR of 12.6% in the forecast period 2019 to 2026. The new market report contains data for the historic year 2017, the base year of calculation is 2018 and the forecast period is 2019 to 2026.
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Drivers: India Cord Stem Cell Banking Market
- Increasing birth rate
- Increasing prevalence of beta-thalassemia and other disorders
Restraint
- High cost for preservation in banks
Opportunities
- Scope of cord stem cell banking in Indian market
- Availability of various technologies for blood processing
Challenge
- Lack of funds
Market Trends:
India cord stem cell banking market is segmented on the basis of source, application, mode of treatment, service type and cord blood banking.
- On the basis of source, the market is segmented into umbilical cord, placenta, amniotic sac and amniotic fluid. In 2019, Umbilical Cord segment is dominating the market. Umbilical cord is dominating and growing in the market because it is richest source of hematopoietic cells which is used for the treatment of diseases and injuries such as cancer, blood disorders, immune disorders and many others. Hematopoietic stem cells have also been found in the blood of the umbilical cord hence many companies collect umbilical cord for preservation of cord blood stem cells.
- On the basis of application, the market is segmented into blood disorders/bone marrow failure, cancers, neurologic disorders, genetic disorder, metabolic disorders, immune disorders and others.
- On the basis of mode of treatment, the market is segmented into allogeneic and autologous.
- On the basis of service type, the market is segmented into sample collection and transportation, sample processing, sample analysis and sample preservation and storage. Sample preservation and storage segment is growing with the highest CAGR in the forecast period of 2019 to 2026. Sample preservation and storage segment is dominating because the revenue generation from these services is higher as it goes for long period of time. Storage of the cord blood stem cells can be carried out for one time or life time year and it cost high amount to an individual to pay which leads revenue generation for a company.
- On the basis of cord blood banking, the market is segmented into private cord blood banks and public cord blood banks.
Major Players: India Cord Stem Cell Banking Market
Some of the major players operating in India cord stem cell banking market are Cordlife Group Limited, LifeCell, Mycord (CelluGen Biotech Pvt. Ltd.), Reliance Life Sciences, Cryoviva India, Global Cord Blood Corporation, Cryo-Cell International, Inc., REGROW BIOSCIENCES PVT LTD, ReeLabs Pvt. Ltd. and others.
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