Release Date: 22-Aug-2014
“India Cord Blood Stem Cell Banking Market” research report outlines following aspects related to booming stem cell banking in India:
India is poised to emerge as the largest source for umbilical cord blood given the very high birth rate in the world. Since umbilical cords are the richest source of stem cells, it's no surprise then that leading stem cell banking companies are keen on shifting their stem cell bases in India. Till date around six major private players, both Indian as well subsidiaries of international companies are operating in the stem cell banking market of India.
The market potential of cord blood stem cell banking in India is valued at more than US$ 350 Million at preservation level of 1% which can increase to more than US$ 1 Billion at stem cell preservation level of 3% for new born babies.
Many factors have actively contributing towards this overwhelming success cord blood stem cell banking in India and one of the major reasons for its success has been collaborations. Apart from handling the main stage single handedly, much collaboration both national and international has come to meet this upsurge. Growth in this sector can further be enhanced based on increased percolation of the middle class, which is thought to possess largest spending power, defined regulatory framework to help ensure that ethics and morals are well considered and complicate is ensured for maintaining quality parameters.
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