Home » Market News » Umbilical Cord Blood Banking Market Poised to Rake in USD 19,335.6 million by 2020
WideCells Group PLC

Umbilical Cord Blood Banking Market Poised to Rake in USD 19,335.6 million by 2020

UCB is collected from the umbilical cord of a newborn baby and also retrieved from the placenta after delivery. It is enriched with adult stem cells and these stem cells play a vital role in regulating all biological activities and in developing tissues in the human body. Globally, UCB banking market is seeing rapid growth due to increasing prevalence of chronic diseases coupled with the regenerative medicines. In addition, various government associations and initiatives are also supporting the growth of the market. The UCB banking market is estimated at USD 13,515.8 million in 2014 and is expected to grow at a CAGR of 6.1% from 2014 to 2020, to reach USD 19,335.6 million by 2020.

Widecells Group PLC (LON:WDC) are leading a transformation in cord blood banking and stem cell treatment; making cord blood banking more accessible through insurance coverage, and increasing the availability of cord blood for transplants.

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Disclaimer: Statements in this article should not be considered investment advice, which is best sought directly from a qualified professional.