WASHINGTON and NEW YORK CITY and LONDON, April 1, 2015 /PRNewswire/ — As a leading provider of market research reports and solutions, MarketResearch.com is pleased to highlight a report by BioInformant Worldwide, LLC, indicating that 2015 will be a year of market growth and opportunity for the stem cell industry.
For executives operating a stem cell company or cord blood bank, competing in the stem cell marketplace is a difficult task. You must analyze market conditions, predict industry trends, and act on market changes before the competition. Especially within the rapidly evolving stem cell marketplace, it can be difficult to make educated, informed decisions that produce revenue growth, while limiting failed products.
BioInformant specializes exclusively in stem cell market research and is the only research firm that has been tracking the market since it emerged. Because there are hematopoietic stem cells in cord blood and mesenchymal stem cells in cord tissue, BioInformant has also been tracking the cord blood industry since 2006. One of BioInformant’s most popular global strategic reports is the “Complete 2015-16 Global Cord Blood Banking Industry Report.”
Published to assist company leaders and cord blood industry investors, this global cord blood report is designed to increase efficiency and effectiveness in:
- Communicating effectively with existing and potential clients
- Launching high-demand products and services
- Increasing revenue
- Taking market share from your competition
- Commercializing cord blood products, technologies, and therapies
- Making intelligent investment decisions
The global cord blood market has matured substantially over the past few years, creating both novel opportunities and serious threats. Serious threats to the industry include new accreditation requirements that have increased the cost structure of cord blood banks, a recent decline in cord blood transplants, low rates of turnover for stored cord blood units, difficulty with educating obstetricians about cellular therapies, and more. Marketing pressures are also impacting the industry, with the term “cord blood” becoming one of the 20 most expensive search terms on Google, reaching more than $20 per click for global search traffic and close to $40 per click for U.S. search traffic.
Additionally, awareness rates are limiting market potential. A study published in the Journal of Reproductive Medicine identified that a third of expectant parents are unaware of the option to preserve cord blood. Of the two-thirds who have some knowledge, 74% describe themselves as “minimally informed.” A recent “Parent Survey” conducted by BioInformant Worldwide, LLC that incorporated 600+ responses from recent and expectant parents identified that awareness percentages have shifted little since the prior study was published.
However, there are also substantial opportunities for company executives who are positioned to take advantage of them, including the potential to expand the cord blood market through increased awareness, new clinical trial data supporting applications for hematopoietic stem cells (HSCs), improving public perception toward stem cell therapies, substantial deal-making within the industry, an industry trend toward diversified bio-banking, and much more.
Within the rapidly evolving stem cell marketplace, individuals who commit to understanding current opportunities and threats will be positioned for a substantial strategic advantage. Some stem cell companies and cord blood banks will make expensive new hires or a maintain business developments in an effort to compete, but you don’t need to. For a much smaller investment, you can immediately make informed, educated decisions about your marketplace.
Click here to view all reports by BioInformant.
BioInformant’s stem cell market research is also available on www.profound.com, where subscribers are able to purchase only the individual sections, chapters, tables or charts of a report they need without having to pay for the pieces they don’t.
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About BioInformant Worldwide
BioInformant specializes in global strategic reports for the stem cell industry and is the only research firm that has served the stem cell sector since it emerged. BioInformant research has been cited by prominent news outlets that include the Wall Street Journal, Nature Biotechnology, Medical Ethics, and more. In addition, BioInformant’s management team comes from a “bioinformatics” background, the science of collecting and analyzing complex genetic codes. We are trained in applying these data analysis techniques to the field of market research. Serving Fortune 500 leaders that include GE Healthcare, Pfizer, Goldman Sachs, Beckton Dickinson, and Thermo Fisher Scientific, BioInformant is your trusted source of stem cell industry data.