Banking of cord blood, often known as banking of umbilical cord blood, is a method in which the umbilical cord’s blood is conserved for use in the future. Such conserved blood is used for treating diseases.
The cord blood banking services market across the world is divided into Europe, North America, Asia Pacific and rest of the world. It is also fragmented into different banks that supply cord blood.
These are private banks and public banks. The cord blood banking services market is likely to expand from 2012 to 2020, at a CAGR of about 33 percent. Public banks generate more income than the private banks of cord blood.