"The
Report Complete 2013-14 U.S. Cord Blood Banking Industry Report
provides information on pricing, market analysis, shares, forecast,
and company profiles for key industry participants. -
MarketResearchReports.biz"
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
- This rapid market growth represents both an opportunity to profit, as well as swarming competition.
- A Fast-Growth Industry, Driven by Medical Necessity and Consumer Demand
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The field of cord blood banking
is a fast-growth field, driven by medical necessity and consumer
demand. It is also a recent industry, as 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
July, 2010, when the Cord Blood Registry became the first private
U.S. cord blood bank to offer umbilical cord tissue storage. In the
two years that have since passed then, the number of private U.S.
cord blood banks offering cord tissue storage has risen to nine. This
represents an average of one new U.S. cord blood bank adding cord
tissue storage every 3 months. If this rate continues, half of all
private U.S. cord blood banks will offer cord tissue storage within
two years.
Since the first cord blood
transplant was performed in 1988, 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. However,
there is still significant variation within the industry. 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, as some companies only
offer cord blood storage only and others offer it in conjunction with
cord tissue storage. Finally, there is also significant variation in
the quality, pricing and guarantees promised by cord blood banks.
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Report Format and Key
Findings
In this comprehensive
industry report, you'll learn:
Part 1: U.S. Cord Blood
Banking Industry Market Overview & Outlook
The first section of the report
“roots” where the cord blood banking industry has been, what has
shaped it, and where it is going. Using both qualitative and
quantitative assessment, it explores critical timeline events,
current and future conditions treatable, advantages of cord blood
transplant, probabilities of requiring stem cell transplant
throughout the lifespan, and more. With this detailed knowledge, you
can know the relative strength of your position within the
marketplace.
Part 2: Expansion and Growth
– Trailing 12-Month Analysis & Forward Projections
The second section explores
where the U.S. 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 U.S. companies and compares their actions and attributes
to slow-growth companies, providing a comprehensive road-map to
industry dominance.
Furthermore, detailed
assessment of U.S. cord blood industry trends are presented in this
section, including:
- Rates of cord blood storage
- Rates of parental awareness
- Trends in medical opinions of cord blood banking
- Quantitative analysis of cord blood grant funding, publication rates, and patents
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 detailed survey that reveals how U.S. parents learn about cord
blood banking, think about the process, and make key decisions. This
survey is your insight into the mind of your prospective clients. 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 within the U.S.
Your Roadmap to the Next 5
Years
Over the past 12 months, the
cord blood banking industry has expanded through double digit growth,
due to new entrants in the cord blood banking industry, as well as
revenue growth at existing operations. To guide industry competitors,
this report carefully considers the following questions:
- What factors are causing a substantial number of new cord blood banks to open up business?
- What will be the effect of these new entrants to the cord blood banking industry?
- How can existing competitors maintain a position of dominance among this trend?
Deeper analysis also reveals
that existing cord blood banks follow a bi-modal distribution, either
experiencing flat-line growth (less than 3% per annum) or
substantively building revenue (25% or more per annum).
While a similar bimodal
distribution existed in the prior 12 month period (trailing 12 to 24
months), the peaks have continued to separate over the past 12
months, with the average flat-growth company staying stagnant and the
average revenue growth company increasing its per annum growth rate
from 17% per year to 25% per year. This trend indicates an increasing
shift in dominance toward fast-growth companies, which begs the
questions:
- What are the differences among the cord blood banks that are experiencing flat-line growth, versus those that have substantively building revenue?
- Why are the fast-growth companies continuing to increase their dominance relative to the flat growth companies?
- Why Claim the Complete 2013-14
- U.S. Cord Blood Banking Industry Report?
As mentioned above, this
industry report is a comprehensive road-map for operating a
successful cord blood bank. It takes you from the where the industry
has been, to where it is now, to where is is going in the next five
years. In addition, it gives you insider knowledge of how expectant
parents think, so you can get there fast.
It teaches you management of a
private cord blood bank how to strategically position your services
to increase market share and attract expectant parents to your
company.
Rather than focusing on the
“medical” and “technical” aspects of cord blood stem cells,
the report focuses on the practical and strategic applications
necessary to successfully run a private cord blood bank. While the
medical angle is interesting, you already know that part of you
business. It would tell you nothing about strategic actions to take
to have more expectant parents purchasing services from you, instead
of the competition.
Instead, this industry report
is focused on your needs and includes content relevant to what you
want to know how to optimally price your services, criteria that make
expectant parents likely to purchase private cord blood banking
services, and how to grow in a competitive industry.
Like it or not, the cord blood
banking industry is getting more and more competitive every day. By
doing nothing, clients will likely be won over by better informed, or
simply more aggressive, competitors.
What You Can Expect
Increase Your Customer Base –
Have more parents electing to use your cord blood banking services
when you strategically understand your industry.
Become a Strategic Leader –
Leverage this valuable, detailed, and rare information to ensure that
you are fully equipped with the necessary information to successfully
lead you company and achieve desired results.
Increase Profits Make more
profit while putting forth less effort than before.
Industry Security – Be able
to both survive and thrive in the cord blood banking industry, even
as it becomes much more competitive. Can you survive if the quantity
of your competition doubles again? It is likely to happen.
Crush Competition – Be able
to take away market share from the competition as you gain a
strategic “edge”.
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