While the cord blood banking industry emerged in the late 1980’s and early 1990’s, the cord tissue storage industry didn’t emerge until much later when a Taiwanese company launched the service in 2008 (Healthbank Biotech). By 2009, two companies in Hong Kong were offering the service of cord tissue storage. It took until 2010 for the first U.S. cord blood bank, Cord Blood Registry (CBR) to offer the service, which it started in July 2010.
Today, the majority of private U.S. cord blood banks offer the service. A more in-depth analysis of the rate of market penetration within the U.S. is provided below.
History of Cord Tissue Storage
When an analysis of cord tissue storage was first completed by BioInformant in 2013, only nine companies where offering the service in the United States. These companies are shown in the table below. [Read more…]