China has a fascinating and unique market for cord blood banking. First, the Chinese government only allows one cord blood bank in each of the Chinese provinces. The Chinese government issues one cord blood banking license per province, and the licensed company must function as both a public (donation-based) and private (for-profit) bank. The for-profit division funds the company’s donation-based public division, because no government support is received for this purpose. [Read more…]
I am honored to release this interview with Joao Andrade, CEO of WideCells Group. WideCells Group is a worldwide provider of stem cell services headquartered in the UK with the mission to provide people with access to affordable stem cell treatments. In this interview, Joao describes how WideCells aims to revolutionise healthcare through a new stem cell insurance product known as “CellPlan”. [Read more…]
This is a guest post written by the Association of Cryobanks of Cord Blood and Other Human Tissues and Cells, a Ukraine association that brings together cord blood banks and specialized cryobanks that test and store biological material, including stem cells from umbilical cord blood, bone marrow, reproductive cells and tissues.
It is a timely post as InterFax-Ukraine, a Ukraine News Agency, released an announcement two days ago stating:
The [Ukrainian] Cabinet of Ministers for deregulation of business activities in the field of health care has approved the license terms of economic activities involving the storage of umbilical cord blood and other human tissues and cells.
According to resolution No. 286 of March 2, posted on the government’s website, the document shortens the list of documents submitted for obtaining the license.
While there is undoubtedly regulatory complexity affecting cord blood banking within the Ukraine, this recent resolution suggests that the Ukrainian government is taking measures to improve the situation.
Today’s post from the Ukraine Association of Cryobanks is published with permission from Andrey Makhinya, Secretary of the Association. Enjoy! [Read more…]
After sponsoring Cord Blood World Europe in 2015, BioInformant is honored to announce that we are continuing our sponsorship for the 2016 event, held over May 18-19, 2016, at the London Business Design Centre, in London, UK.
As the first and only company to exclusively track stem cell markets, BioInformant has released a 204 page eport about the gord blood banking industry, covers breaking cord blood news on our blog, and has a partnership with the Save the Cord Foundation, titled “Cord Blood Banking Awareness: Educating America and the World.” The campaign is a global effort to educate currently expecting parents, as well as future parents, grandparents, siblings, and friends about the medical benefits of cord blood preservation.
BioInformant is deeply committed to advancing progress with cord blood, because cord blood contains valuable hematopoietic stem cells and cord tissue (“Wharton’s jelly”) contains valuable mesenchymal stem cells.
BioInformant was interviewed by Vogue magazine for an article about the U.S. private cord blood storage industry, authored by Lauren Mechling. Vogue is a fashion and lifestyle magazine that is published monthly in 23 different national and regional editions. It has a total circulation of nearly 1.25 million readers and is one of the Top 25 Consumer Magazines in the U.S.
Private Cord Blood Storage | BI Research Data on Vogue
In this article:
- Vogue Magazine’s Interest On Cord Blood Units
- BioInformant’s Quoted Information on Vogue Magazine
- Global Statistics on Private Cord Blood Storage Banks
Vogue Magazine’s Interest On Cord Blood Units
Vogue needed an approximate quantity of how many cord blood units are now stored within private (family) cord blood banks within the United States. The article released by Vogue was titled, “Could Umbilical Cord Blood Banking Save Your Baby’s Life? Inside the Pregnancy Phenomenon.”
BioInformant’s Quoted Information on Vogue Magazine
BioInformant’s contribution to the article was this important statistic: “There are 1.9M units in private US cord banks, according to market research firm BioInformant.”
Global Statistics on Private Cord Blood Storage Banks
While Vogue did not inquire about global statistics, many of our readers and clients are based outside of the United States. As of January 2016, there were approximately 4.3 million units stored in private cord blood storage banks worldwide.
To view the full Vogue article, click here: http://www.vogue.com/13394836/blood-cord-banking-stem-cell-therapy-benefits-and-costs/
To learn more about the cord blood market, including rates of public and private storage, view the “Global Cord Blood Banking Industry Report.”
How many cord blood units worldwide do you think are in private banks right now? Share your thoughts in the comments section.