Singapore, July 28: Family cord blood bank Cryoviva Singapore has successfully made a foray into the UAE market in line with its strategic growth plans.
In a statement, the company said after seven years of serving young families in Singapore, the expansion into Dubai and the other Emirates in the UAE is an important milestone for Cryoviva.
“This is an important step in our journey, fulfilling our mission to give every family the chance to benefit from the medical potential of cord stem cells should they need it,” Cryoviva Singapore CEO Rajesh Nair said.
“That we have been able to attract young families in the UAE to trust us with their baby’s precious cord blood is not only a testament to our credentials as a company but also Singapore’s reputation for world-class facilities and strict adherence to high-quality standards.
“We invite healthcare providers offering maternity services to collaborate with us to provide even greater service to their valued patients.”
The company’s expansion to the UAE is based upon a strong foundation built in Singapore to help families in the Middle East benefit from the growing interest and acceptance of cord component storage for possible stem cell treatments later on.
To date, many families in the UAE have opted to store their baby’s cord blood in Cryoviva’s facility in Singapore.
Nair also said the company would continue its growth efforts in several other countries – both in the ASEAN region as well as in the Middle East.
“I would also like to reiterate our commitment to serving families in Singapore.
“We believe that there is still considerable potential for family cord blood banking services to grow in a developed and discerning market like Singapore.
“We also look forward to contributing to further our city’s position as a great destination to avail of world-class healthcare services.”
Established in 2014, Cryoviva is a family cord blood bank in Singapore that is part of an international group backed by multinational investors.
The group has successfully stored over 160,000 cord blood units to date.