Albany, NY -- (SBWIRE) -- 03/01/2016 -- This report on the cord blood banking services market studies the current and future prospects of the Latin America (LATAM) market. The global stem cell therapeutics industry has experienced impressive growth over the last two decades. Stem cells are the progenitors of all hematopoietic cells that generate red and white blood cells and blood platelets. These cells can be isolated and further transferred to a patients suffering from serious blood disorders and other chronic conditions. The major sources for stem cell banking are storing of peripheral blood and bone marrow, umbilical cord blood (UCB) is by far considered as the largest component for hematopoietic stem cells. The cord blood banking services market in Latin America exhibits high potential due to the rising government support in a few countries, developing health care infrastructure, high disposable incomes, and awareness initiative carried out by several government and non-governmental organizations.
Read the full press release at http://www.sbwire.com/press-releases/cord-blood-banking-services-ma/release-669057.htm