DALLAS, November 12, 2014 /PRNewswire/ --
ReportsnReports.com adds Complete 2015-16 Global Cord Blood Banking Industry Report that discusses new clinical trial market data supporting applications for hematopoietic stem cells (HSCs) from cord blood and mesenchymal stem cells (MSCs) from cord tissue. Within this rapidly evolving ecosystem, those who choose to commit to understanding current opportunities and threats will be positioned for a substantial strategic advantage, says this research available at http://www.reportsnreports.com/reports/315181-complete-2015-16-global-cord-blood-banking-industry-report.html .
The global cord blood banking industry has matured substantially over the past few years, creating both serious threats and novel opportunities. Serious threats to the industry include: New accreditation requirements that have increased the cost structure of cord blood banks, a decline in cord blood transplants in 2013, within the U.S. and other geographical regions, Low rates of turnover for stored cord blood units, Expensive cord blood transplantation procedures, costing from $200-300K each, Difficulty with educating obstetricians about cellular therapies and poor press coverage in many regions worldwide, including major news outlets. Other uncontrollable factors that could threaten the industry include: new legislation, changes in transplant reimbursement, continually evolving accreditation requirements, the potential for competitive approaches to be shown as more optimal, patent challenges for processing or transplant technologies, changes in public perception of private vs. public banking, shift in policy recommendations by influential medical organizations, and changes in government support. Marketing pressures are also impacting the industry, with the term "cord blood" becoming one of the 20 most expensive search terms on Google, reaching more than $20 per click for global search traffic and close to $40 per click for U.S. search traffic.
Emerging opportunities in cord blood baking industry discussed in this 2015-2016 research report cover the potential to expand market size through increasing public awareness, new clinical trial data supporting applications for hematopoietic stem cells (HSCs) from cord blood and mesenchymal stem cells (MSCs) from cord tissue, improving public perception toward stem cell therapies, substantial deal-making within the industry, including mergers, acquisitions, and funding rounds, the potential for cross-organizational collaboration through formation of Cord Blood Industry Associations (occurring in within U.S. and South America) as well as a trend toward diversification within the industry, with cord blood banks effectively becoming stem cell banks through the storage of cord blood, cord tissue, and in some cases, placental tissue, amniotic fluid, and more.
The cord blood market is global in nature and understanding dynamics limited to your region is not sufficient for making strategic, informed, and profitable decisions. Furthermore, cord blood banks now exist in every developed country, as well as within most developing nations. With approximately 500 cord blood banks operating worldwide, maturation of the global cord blood market means that each cord blood bank is now fighting harder for market share In 2008, a Taiwanese company, HealthBanks Biotech Company Ltd. became the first company to offer cord tissue storage; it was not until July 2010 that the first private U.S. cord blood bank began offering the service (Cord Blood Registry). Since then, the trend of cord tissue storage has had a significant impact on the cord blood banking industry, with a large percentage of cord blood banks worldwide offering the service. Order a copy of Complete 2015-16 Global Cord Blood Banking Industry Research Report at http://www.reportsnreports.com/Purchase.aspx?name=315181 .
In China, the government shocked the cord blood industry worldwide when it announced that only one cord blood bank would be allowed to operate within each province, and official government support, authorization, and permits would be required. While the China Cord Blood Corporation has since earned permits for three of the seven Chinese provinces (holding majority share of the Chinese cord blood market) and is now competing as one of the fastest growing cord blood banks in the world, several other providers of cord blood services disappeared when this legislation was passed. In Italy and France, it is illegal to privately store one's cord blood, which has fully eliminated the potential for a private market to exist within the region. In Ecuador, the government is now creating the first public cord blood bank and has instituted laws such that private cord blood banks cannot approach women about private cord blood banking options during the first six months of pregnancy. This has created a crisis for the private banks, and there are now only two remaining in Ecuador. Clearly, it is vital to understand the market dynamics and risks, as well as the emerging opportunities within different regions of the world.
Key Survey Findings from 600+ Recent and Expectant Parents
In addition to exploring awareness rates, this 40-question, 52-page survey explores topics that include how to strategically position your products, effectively educate parents, prioritize your marketing budget, and understand why parents bank publicly, privately, or not at all.
It also reveals the most popular blogs, websites, and apps among expectant parents, and it provides key insight into the minds of your prospective clients. Use the findings from this section to make effective decisions, create targeted marketing messages, and produce higher prospect-to-client conversion rates.
With responses from 600+ recent and expectant parents worldwide, this comprehensive survey will substantially improve your ability to position cord blood banking services.
Key survey findings include:
- Rates of cord blood banking awareness by gender, income, geographic location, and education
- Sources through which expectant parents learn of cord blood preservation
- Factors influencing private vs. public storage of cord blood
- Price sensitivity and quality expectations
- Approaches for communicating with expectant parents
- Key factors influencing the decision to store cord blood
- Parental responsiveness to health statistics
- "Tested" language for communicating with expectant parents
- And more
The Complete 2015-16 Global Cord Blood Banking Industry Report addresses rapidly-evolving trends within the global cord blood marketplace. It considers a range of critical factors, such as public perception, medical opinions, recent scientific and clinical advances, accreditation factors, cost structures, and more. With the findings contained within this global strategic report, you can become quickly informed about your competition, your geographical market, and other critical cord blood markets worldwide that will likely impact you. Use the metrics presented to strategically position yourself to expand, profit, and outmaneuver your competition. Claim this report to optimally position yourself to sell cord blood services or to invest within the cord blood banking marketplace.
Explore more reports on healthcare market at http://www.reportsnreports.com/market-research/healthcare/ and on the biotechnology industry at http://www.reportsnreports.com/market-research/biotechnology/ .
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