Global Cord Blood Banking Services Market Growth, Share, Size, Trends and Forecast (2024 - 2030)

By Bank Type;

Private, Public, and Hybrid.

By Application;

Leukaemia, Genetic Disorders, Immune Deficiencies, and Others.

By Component;

Cord Blood and Cord Tissue.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa, and Latin America - Report Timeline (2020 - 2030).
Report ID: Rn153720866 Published Date: May, 2024 Updated Date: June, 2024

Introduction

Global Cord Blood Banking Services Market (USD Million), 2020 - 2030

In the year 2023, the Global Cord Blood Banking Services Market was valued at USD 6,782.62 million. The size of this market is expected to increase to USD 12,753.51 million by the year 2030, while growing at a Compounded Annual Growth Rate (CAGR) of 9.4%.

The Global Cord Blood Banking Services Market represents a vital sector within the broader healthcare industry, focused on the collection, processing, and storage of umbilical cord blood for potential therapeutic use. Cord blood, rich in hematopoietic stem cells, has emerged as a valuable resource for treating various hematological disorders, genetic diseases, immune deficiencies, and certain types of cancer. This market is characterized by the increasing recognition of the therapeutic potential of cord blood stem cells, driving the demand for cord blood banking services worldwide.

One of the primary drivers behind the growth of the global cord blood banking services market is the rising prevalence of hematological disorders and genetic diseases. With an increasing incidence of conditions such as leukemia, lymphoma, and sickle cell anemia, there is a growing need for effective treatment options, including stem cell transplantation. Cord blood, containing hematopoietic stem cells capable of regenerating blood and immune cells, offers a promising solution for patients requiring stem cell therapy.

Moreover, the expanding applications of cord blood stem cells in regenerative medicine and cell-based therapies have further propelled market growth. Cord blood stem cells have shown promising results in the treatment of neurological disorders, autoimmune diseases, and tissue regeneration, driving the demand for cord blood banking services among expectant parents and healthcare providers alike. Additionally, ongoing research and clinical trials exploring the therapeutic potential of cord blood stem cells continue to fuel market expansion.

Furthermore, advancements in technology and healthcare infrastructure have significantly contributed to the growth of the cord blood banking services market. Innovations in stem cell isolation, processing, and cryopreservation techniques have improved the efficiency and efficacy of cord blood banking, ensuring the preservation of stem cell viability during long-term storage. Additionally, the establishment of accreditation standards and regulatory frameworks governing cord blood banking facilities has enhanced the quality and safety of stored cord blood units, instilling confidence among stakeholders.

The global cord blood banking services market is also characterized by increasing awareness and acceptance of cord blood banking among expectant parents. Educational initiatives, marketing campaigns, and the endorsement of cord blood banking by healthcare professionals have raised awareness about the benefits of preserving cord blood stem cells for future medical use. As a result, an increasing number of parents are opting for private cord blood banking services to secure potential therapeutic options for their families.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Bank Type
    2. Market Snapshot, By Application
    3. Market Snapshot, By Component
    4. Market Snapshot, By Region
  4. Global Cord Blood Banking Services Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Hematological Disorders and Genetic Diseases
        2. Expanding Applications in Regenerative Medicine
        3. Increasing Awareness and Acceptance
      2. Restraints
        1. Ethical and Cultural Concerns

        2. Uncertain Efficacy

        3. Limited Public Banking Facilities

      3. Opportunities
        1. Technological Advancements

        2. Public Awareness Campaigns

    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Cord Blood Banking Services Market, By Bank Type, 2020 - 2030 (USD Million)
      1. Private
      2. Public
      3. Hybrid
    2. Global Cord Blood Banking Services Market, By Application, 2020 - 2030 (USD Million)

      1. Leukaemia

      2. Genetic Disorders

      3. Immune Deficiencies

      4. Others

    3. Global Cord Blood Banking Services Market, By Component, 2020 - 2030 (USD Million)

      1. Cord Blood

      2. Cord Tissue

    4. Global Cord Blood Banking Services Market, By Geography, 2020 - 2030 (USD Million)
      1. North America

        1. United States

        2. Canada

      2. Europe

        1. Germany

        2. United Kingdom

        3. France

        4. Italy

        5. Spain

        6. Nordic

        7. Benelux

        8. Rest of Europe

      3. Asia Pacific

        1. Japan

        2. China

        3. India

        4. Australia & New Zealand

        5. South Korea

        6. ASEAN (Association of South East Asian Countries)

        7. Rest of Asia Pacific

      4. Middle East & Africa

        1. GCC

        2. Israel

        3. South Africa

        4. Rest of Middle East & Africa

      5. Latin America

        1. Brazil

        2. Mexico

        3. Argentina

        4. Rest of Latin America

  6. Competitive Landscape
    1. Company Profiles
      1. CBR Systems Inc.

      2. PerkinElmer Inc. (ViaCord LLC)

      3. Cryo-Cell International

      4. Cordlife Group Limited

      5. AlphaCord LLC

      6. ATCC

      7. CSG-BIO

      8. California Cryobank Stem Cell Services LLC

      9. Cord Blood Foundation (Smart Cells International)

      10. Singapore Cord Blood Bank

      11. FamiCord

  7. Analyst Views
  8. Future Outlook of the Market