Stem cells derived from umbilical blood have been used in more than 30,000 transplants worldwide to treat a wide range of blood diseases, genetic and metabolic disorders, immunodeficiencies and various forms of cancer. Additionally, cord blood banks now exist in nearly every developed country, as well as several developing nations. However, there is still significant variation within the industry.
First, there is the divide between private and public cord blood banking, in which private companies serve individual families, while public banks serve the broader public. Additionally, some cord blood banks receive only units from nearby hospitals and birthing centers, while others allow mail-in units from a wide geographic region. There is also variation in the services offered by private cord blood banks, with cord tissue storage emerging as a commercial service in 2010, when the Cord Blood Registry began offering it, to complement its cord blood banking services. This trend of cord tissue storage has had a significant impact on the cord blood banking industry, with nine private U.S. companies now offering the service. Finally, there is also significant variation in the quality, pricing, and guarantees promised by U.S. cord blood banks.
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PART 2: Expansion & Growth – Trailing 12-Month Analysis and Future Projections
While last section “rooted” where the cord blood banking industry has been and what has shaped it, this section explores where it is now and what you can anticipate for the near-term future. It provides a detailed assessment of current market conditions and near-term projections.
This section is dedicated to revealing, quantifying, and extrapolating industry trends, for the purpose of giving meaning projections for the future. It is your guide to understanding expansion and growth within the U.S. cord blood banking industry.
PART 3: Parent Survey – Continuing to Grow by Listening to Expectant Parents
To recap, the first section of the report “roots” where the cord blood banking industry has been and what has shaped it. The second section explores where it is now and what you should anticipate for the near-term future, and provides a detailed assessment of current market conditions and near-term projections. Most importantly, the previous section shows you what to expect if trends continue as they are; it reveals the environment that you will find yourself in if you don’t take strategic action.
This final section of the report is now your roadmap to the future. It is your guide to taking strategic action and controlling your competitive position as a U.S. cord blood bank.
You can use the findings revealed here to:
- Alter the way you position your products
- Understand why parents bank publicly, privately, or not at all
- Communicate successfully with parents
- Effectively educate parents
- Prioritize your advertising budget
- Sell your services more effectively
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 in nearly every developed country, as well as within several developing nations. That is a 21-fold increase (2,100%) in the companies involved in the industry in less than a ten-year period.
Within the United States, cord blood banks have appeared in nearly every state. Furthermore, the U.S. cord blood banking industry is the most mature cord blood banking market in the world, having the:
First company to offer cord blood storage (1995)
Early entrant into cord tissue storage (2010)
Largest total number of industry participants (both public and private)
Most number of cord blood units (CBU) stored
Most cord blood units banked proportional to population
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TABLE OF CONTENTS
PART 1: U.S. Cord Blood Banking Industry - Market Overview & Outlook
I. Timeline of Critical Events in U.S. Cord Blood Banking
II. Likelihood of Needing a Stem Cell Transplant
A. Childhood Probability
B. Adult Probability
C. Full Life-Span Analysis
III. Current, Near-Term, and Projected Conditions Treatable with Cord Blood Transplant
A. Categories of Disease Treatable With Cord Blood Transplant
B. Existing Conditions
C. Near-Term Conditions
1. Human Trials
2. Laboratory Trials
D. Projected Conditions
IV. Cord Blood vs. Bone Marrow and Peripheral Blood, as a Source of Stem Cells for Transplant
V. Cord Blood Banking – Storage Options
A. Private Banks
B. Public Banks
1. Free Programs for U.S. Families in Medical Need
2. U.S. Mail-in Donation (Public) Cord Blood Banks
C. International Summary and Comparison
PART 2: Expansion and Growth – Trailing Twelve Month Analysis & Forward Projections
I. Fast-Growth vs. Flat-Growth – Bimodal Distribution
II. Growth Rate
III. Revenue
A. Flat-line growth companies (< 3% per year)
B. Substantive revenue growth companies (>25% per year)
IV. Industry Conditions – North America
A. Canada
B. United States
C. Mexico
V. Trends
A. Rates of Worldwide Cord Blood Storage (Units per Year)
B. Rates of Parental Awareness
C. Medical Society Opinions of Cord Blood Banking
D. Cord Blood Research Publication Rates
E. Cord Blood Research Funding Levels (Grant Analysis)
F. Cord Blood Patent Breakdown
G. Rates of Cord Blood Research Product Development
H. Top Countries for Cord Blood Research
I. Cord Blood Conferences & Events
VI. Cord Tissue Storage
A. Overview of Cord Blood Storage vs. Cord Tissue Storage
B. Pricing of Cord Tissue Storage
C. Clinical Trials – Cord Blood vs. Cord Tissue
D. Market Penetration of Cord Tissue Storage
VII. Barriers to Entering the U.S. Cord Blood Market
A. Accreditation
1. Types of Accreditation
2. AABB Overview
3. ABB Accredited Cord Blood Banks
4. Current Conditions
a. Rise in cGTP and cGMP Compliance Consultancy
b. Single Entity Expansion
B. Security requirements
C. Laboratory and storage requirements
D. Legislation
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