DALLAS, Jan. 31, 2014 /PRNewswire-iReach/ -- 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 within 98 different countries around the world. That is a 21-fold increase (2,100%) in the companies involved in the industry, in less than a ten year period. This rapid market growth represents both an opportunity to profit, as well as swarming competition.
This industry report reveals strategies for dominating the global cord blood banking industry (http://www.reportsnreports.com/reports/10596-capitalizing-on-opportunities-in-cord-blood-industry-growth.html), including tactics for global expansion, patterns in regional dominance, and methods for investing in the sector. A distinctive feature of this report is a global survey of expectant parents who reveal their deepest fears, core expectations, and critical factors influencing buying decisions. It is designed to guide the decision-making of cord blood banks worldwide, as well as to advise investors entering the market. It is a road-map for modeling cord blood banks that have achieved successful and rapid growth.
It differs from the "Complete 2013-14 U.S. Cord Blood Banking Industry Report" in that it is a strategic overview of how to profit from global growth in cord blood banking, rather than from the U.S. markets alone.
A Rapid Growth Industry
For the past ten years, the global cord blood banking market has been experiencing rapid growth, in part, because it an early-stage market. 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 2008 that a Taiwanese company, HealthBanks Biotech Company, Ltd., became the first private cord blood bank to offer umbilical cord tissue storage. HealthBaby, a Hong Kong based company, subsequently launched the service in 2009, and another Hong Kong based company, Cryolife, also added the service in 2009. As such, Asia is recognized as the geographic region that pioneered umbilical cord tissue preservation as a private service, but it has since has rapidly spread around the world.
For instance, nine U.S. cord blood banks now offer cord tissue storage. The first U.S. company to offer cord tissue storage was the Cord Blood Registry, who launched it in July of 2010. This represents an average of one new U.S. cord blood bank adding cord tissue storage as a service every 3-4 months. Similar trends have been observed within Europe, and to a slightly lesser extent, within the Middle East.
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Report Format and Key Findings
In this comprehensive industry report, you'll learn:
Part 1: Global Cord Blood Banking Industry - Market Overview & Outlook
- History of Cord Blood Banking
- Likelihood of Needing a Stem Cell Transplant
- Current, Future, and Projected Conditions Treatable with Cord Blood Transplant
- Cord Blood vs. Bone Marrow and Peripheral Blood, as a Source of Hematopoietic Stem Cells for Transplant
- Cord Blood Banking – Storage Options
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Part 2: Expansion and Growth – Trailing 12-Month Analysis & Forward Projections
The second section explores where the global cord blood banking industry is now and what you should anticipate for the near-term future, based on recent trends and five-year projections. Critically, it explores strategies of fast-growth companies and compares their actions and attributes to slow-growth companies, providing a comprehensive road-map to industry dominance.
Furthermore, detailed assessment of cord blood industry trends are presented in this section, including:
- Rates of worldwide cord blood storage (units per year)
- Medical society opinions of cord blood banking
- Cord blood scientific publication rates
- U.S. and worldwide grant funding analysis
- Cord blood patent breakdown
- Assessment of cord blood vs. cord tissue clinical trial frequency
- And much more
Part 3: Comprehensive Parent Survey - Continuing to Grow by Listening to Expectant Parents
While the last section showed you what to expect if trends continue as they are and revealed the environment that you will find yourself in within the next five years, this final section is your guide to taking strategic action and controlling your competitive position. This section contains findings from a global survey that reveal how parents learn about cord blood banking, think about the process, and make key decisions. This survey is your insight into the minds of your prospective clients.
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Key findings from the survey include how to:
- Strategically position your products
- Understand why expectant parents bank publicly, privately, or not at all
- Communicate successfully with parents
- Effectively educate parents
- Prioritize your advertising budget
- Sell your services more effectively
In summary, this section is your guide to growing, expanding, and profiting, by listening to the needs of your clients – expectant parents.
Media Contact: Priyank Tiwari, ReportsnReports, +1 888 391 5441, firstname.lastname@example.org
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