Umbilical Cord Blood (Ucb) Banking Market Outllook 2020

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Global UCB Banking Market Will reach $19,335.6 million in 2020

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Global Market Study on UCB Banking: Asia-Pacific to Witness Highest Growth by 2020

Front 2

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Back 2

Market History:
UCB is collected from the umbilical cord of a newborn baby and also retrieved from the placenta after delivery. It is enriched with adult stem cells and these stem cells play a vital role in regulating all biological activities and in developing tissues in the human body. Globally, UCB banking market is growing rapidly due to increasing prevalence of chronic diseases coupled with the regenerative medicines.

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North America has the largest market share, followed by Europe and Asia-Pacific, in the global UCB banking market. The global UCB banking market was valued at 10,900 million in 2010 and it expanded to USD 12,774.8 million in 2013.

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In addition, various government associations and initiatives are also supporting the growth of the market. The UCB banking market is estimated at USD 13,515.8 million in 2014 and is expected to grow at a CAGR of 6.1% from 2014 to 2020, to reach USD 19,335.6 million by 2020.