Big Market Research has added a report, titled, “Global Stem Cell Umbilical Cord Blood (UCB) Market” A brief overview and its scope are offered in the report.
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Umbilical cord blood stem cells are potential stem cells that can convert into any type of -determined cells. Global stem cell market is dominating the healthcare industry with its reliable and cost effective method of treatment with fewer side effects. Current market for cord blood therapeutics accounts for $6.5 billion, which is expected to grow at 33.4% CAGR from 2013-2020. Other segments of this market include – Adult stem cell and embryonic stem cells. Government authorities are supporting the research and clinical trials of cord blood stem cell, which is currently increasing the interest of healthcare companies to invest in research and commercialization of cord blood stem cell therapies. Athersys, California Stem Cell Inc., and Cytori Therapeutics Inc. are engaged in the development of novel stem cell therapies from cord blood. Ethical issues regarding cord blood sample application is creating biasness among donor, which is majorly influencing the market.
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Competition is currently intense with companies trying to create brand awareness. This is therefore, compelling the market players to formulate market based strategies. Cord blood stem cell is the only type of stem cell that is stored in controlled condition due to its lower volume higher cell count feature. Storage service market is expected grow at 33.4% CAGR from 2013-2020.
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Stringent regulatory compliances for cordless tools and decreasing prices of electric power tools drive the growth of power tools market. The European Union has banned the use of nickel-cadmium for cordless power tools due to toxic leakage of cadmium from batteries. The law is expected to be implemented from December 2016, and this law enforcement is expected to increase the demand for cordless, battery-operated power tools as lithium-ion batteries are cost-effective and lightweight in nature. However, unstable economic situation in the Middle East countries, decline in construction activities in China, and mounting maintenance cost of power tools could impede the demand for these tools in the market.
The market is segmented based on mode of operation, end user, and geography. Based on the mode of operation, the market is categorized into electric power tools, pneumatic power tools, and others. Electric power tools segment is further segmented into power tools by product type and power source. The power source segment includes corded and cordless electric tools, whereas drills, grinders, chippers, and others are included in the product type segment. Electric and pneumatic power tools segments jointly accounted for more than 82% market share in 2015. The gradual recovery of manufacturing industry from economic slowdown and upsurge in construction activities in the Asia-Pacific region have fueled the demand for electric power tools in the industrial sector.
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