Published: Apr, 2019

The competitive landscape of the cord blood banking service market in Latin America is highly competitive and fragmented in nature, says Transparency Market Research (TMR). Established players dominate the market in Latin America. New players are focusing on acquisitions and mergers, collaborations and business expansions to tap opportunites in the global cord blood banking service market. Investments on latest technologies is the most prominent strategy adopted by key players to maintain their dominance over the market. Some of the prominent players operating in the cord blood banking services market in Latin America  are America Cell Biobank Inc., CrioCenter, Banco de Cordon Umbilical (BCU), and Redcord S.A.

As per a recent market report by TMR, the cord blood banking services market in Latin America was noted at a valuation of US$196.9 mn in 2014. Researchers estimated the market to rise at an impressive 9.40% CAGR from 2015 to 2023. Rising at this CAGR, the global cord blood banking service is likely to attain a valuation of US$445.4 mn by the end of the forecast period.

On the basis of storage, public cord blood banking service market is projected to dominate the global cord blood banking service market. This is mainly because of the increasing demand of cord blood banking service among consumers.

Rising Investment in Research Activity  of Stem Cell Therapies to Boost Growth

The cord blood banking services market Latin America is expected to rise at a significance pace, thanks to the advancement in stem cell therapy.  Apart from this, rising medical infrastructure and technological progression in this region also contribute to the growth.  In addition to this, increasing rate of genetic disorders in the region calls for better cord blood banking services. This is because it helps in quick and better treatment of such diseases. One of the prominent factors expected to drive global cord blood banking service market is the rising geriatric population in the region. Geriatric people are more prone to diseases due to their weak immunity system.  All these factors are projected to drive global cord blood banking services market in the region.

However, high costs of cord blood banking services and limited adoption of stem cell therapies among medical professionals are prime factors limiting expansion of the cord blood banking service market in Latin America. This is expected to pose a negative effect on the cord blood banking services market in Latin America.

Increasing Prevalence of Genetic Disorders to Drive Growth

Countries like Colombia, Mexico, and Brazil are focusing to expand cord blood bank services due to the increasing number of patients seeking these services.  People across the globe are preferring Latin America for treatment of genetic disorders and chronic diseases owing to advanced technology avaible in the region. To leverage this, governments in these countries are ramping their investments on the healthcare sector. This is contributing to the development of several cord blood banks.  Apart from government blood banks, various other new players are also making efforts to enter the Latin America cord blood banking service market. Moreover, countries in LATAM are adopting a hybrid cord blood banking service model so as to reduce problems faced by private and public banking.  The introduction of this model is boosting the growth of the global cord blood banking services market in the region.

The review presented is based on the findings of a report by Transparency Market Research, titled Cool Roof Coatings Market (Roof Slope - Low sloped, Steep sloped; Type - Elastomeric, IR Reflective; Application - Residential, Commercial, Industrial) - Global Industry Analysis, Value, Share, Growth, Trends, and Forecast 2018 – 2026

The global cord blood banking services market is segmented as follows:

Storage

  • Private Cord Blood Banking Services
  • Public Cord Blood Banking Services

Country

  • Colombia
  • Private Cord Blood Banking Services
  • Public Cord Blood Banking Services
  • Brazil
  • Private Cord Blood Banking Services
  • Public Cord Blood Banking Services
  • Argentina
  • Private Cord Blood Banking Services
  • Public Cord Blood Banking Services
  • Mexico
  • Private Cord Blood Banking Services
  • Public Cord Blood Banking Services
  • Rest of Latin America (LATAM)
  • Private Cord Blood Banking Services
  • Public Cord Blood Banking Services

About Us

Transparency Market Research is a next-generation market intelligence provider, offering fact-based solutions to business leaders, consultants, and strategy professionals. 

Our reports are single-point solutions for businesses to grow, evolve, and mature. Our real-time data collection methods along with ability to track more than one million high growth niche products are aligned with your aims. The detailed and proprietary statistical models used by our analysts offer insights for making right decision in the shortest span of time. For organizations that require specific but comprehensive information we offer customized solutions through ad hoc reports. These requests are delivered with the perfect combination of right sense of fact-oriented problem solving methodologies and leveraging existing data repositories.

TMR believes that unison of solutions for clients-specific problems with right methodology of research is the key to help enterprises reach right decision.

US Office Contact

90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

.