Global Cord Blood Banking Services Market is valued at approximately USD 1.89 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 13.3% over the forecast period 2024-2032. Cord blood, rich in stem cells, can treat over 80 genetic diseases, including chronic conditions such as cancer, diabetes, blood diseases, and immune disorders. Despite the small amount of cord blood that can be collected from a single umbilical cord, its high stem cell concentration makes it invaluable for future use, with storage durations averaging 20-25 years. This remarkable potential, coupled with government support for research and clinical trials, has spurred significant investment from healthcare companies in cord blood stem cell therapies, thereby propelling market growth.
The Cord Blood Banking Services Market has witnessed significant growth over the past two decades. The current competitive landscape sees companies striving to raise awareness about the benefits of cord blood storage. For instance, collaborations such as the one between Cord Blood Registry and The Institute for Transfusion Medicine aim to educate expectant parents on cord blood banking options and financial schemes for storage and donation. Such initiatives are expected to drive the growth of the Cord Blood Banking Services market. Additionally, rising healthcare expenditure and supportive government initiatives in many countries are contributing to market expansion. However, challenges such as high costs associated with storage and collection, along with limited awareness in developing regions, can impede growth. Overall, the market is poised for continued expansion, driven by ongoing research, technological advancements, and increasing adoption of regenerative medicine.
The key regions considered for the Cord Blood Banking Services Market study include Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is both the leading and the fastest-growing region in the Cord Blood Banking Services Market. This dominance is attributed to several factors, including high awareness levels about the medical benefits of cord blood, advanced healthcare infrastructure, and significant investments in medical research and biotechnology. The presence of numerous private and public cord blood banks in the United States and Canada also contributes to the region's leading position. Additionally, favourable government policies and initiatives, such as funding for cord blood research and public awareness campaigns, have accelerated market growth. Moreover, Asia Pacific is projected to register the fastest growth. The region's rapid technological advancements and high healthcare expenditure enable the swift adoption of new and improved cord blood banking techniques. As a result, Asia Pacific continues to set the pace in the global market, with increasing demand and innovation driving its growth.
Major market player included in this report are:
- Cord Blood Registry (CBR)
- Cryo-Cell International, Inc.
- ViaCord, LLC
- China Cord Blood Corporation (CCBC)
- Cryo-Save AG
- Cordlife Group Limited
- LifeCell International Pvt. Ltd.
- Smart Cells International Ltd.
- Americord Registry LLC
- Global Cord Blood Corporation
- StemCyte Inc.
- Cells4Life Group LLP
- BioCell Pty Ltd.
- HealthBanks Biotech (USA) Inc.
- Future Health Biobank
The detailed segments and sub-segment of the market are explained below:
By Storage Services:
- Public Cord Blood Banks
- Private Cord Blood Banks
By Component:
By Application:
- Cancer Disease
- Diabetes
- Blood Disease
- Immune Disorders
- Metabolic Disorders
- Others
By Region:
- North America
- U.S.
- Canada
- Europe
- Germany
- Italy
- France
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Years considered for the study are as follows:
- Historical year - 2022
- Base year - 2023
- Forecast period - 2024 to 2032
Key Takeaways:
- Market Estimates & Forecast for 10 years from 2022 to 2032.
- Annualized revenues and regional level analysis for each market segment.
- Detailed analysis of geographical landscape with Country level analysis of major regions.
- Competitive landscape with information on major players in the market.
- Analysis of key business strategies and recommendations on future market approach.
- Analysis of competitive structure of the market.
- Demand side and supply side analysis of the market.
Table of Contents
Chapter 1. Global Cord Blood Banking Services Market Executive Summary
- 1.1. Global Cord Blood Banking Services Market Size & Forecast (2022-2032)
- 1.2. Regional Summary
- 1.3. Segmental Summary
- 1.3.1. By Storage Services
- 1.3.2. By Component
- 1.3.3. By Application
- 1.4. Key Trends
- 1.5. Recession Impact
- 1.6. Analyst Recommendation & Conclusion
Chapter 2. Global Cord Blood Banking Services Market Definition and Research Assumptions
- 2.1. Research Objective
- 2.2. Market Definition
- 2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
- 2.3.3.1. Availability
- 2.3.3.2. Infrastructure
- 2.3.3.3. Regulatory Environment
- 2.3.3.4. Market Competition
- 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
- 2.3.4.1. Regulatory frameworks
- 2.3.4.2. Technological Advancements
- 2.3.4.3. Environmental Considerations
- 2.3.4.4. Consumer Awareness & Acceptance
- 2.4. Estimation Methodology
- 2.5. Years Considered for the Study
- 2.6. Currency Conversion Rates
Chapter 3. Global Cord Blood Banking Services Market Dynamics
- 3.1. Market Drivers
- 3.1.1. Increase in Chronic Diseases
- 3.1.2. Government Support for Research
- 3.1.3. Growing Awareness
- 3.2. Market Challenges
- 3.2.1. High Costs
- 3.2.2. Limited Awareness in Developing Regions
- 3.3. Market Opportunities
- 3.3.1. Technological Advancements
- 3.3.2. Expansion in Developing Regions
Chapter 4. Global Cord Blood Banking Services Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
- 4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
- 4.3. Top Investment Opportunity
- 4.4. Top Winning Strategies
- 4.5. Disruptive Trends
- 4.6. Industry Expert Perspective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Global Cord Blood Banking Services Market Size & Forecasts by Storage Services 2022-2032
- 5.1. Segment Dashboard
- 5.2. Global Cord Blood Banking Services Market: Storage Services Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Public Cord Blood Banks
- 5.2.2. Private Cord Blood Banks
Chapter 6. Global Cord Blood Banking Services Market Size & Forecasts by Component 2022-2032
- 6.1. Segment Dashboard
- 6.2. Global Cord Blood Banking Services Market: Component Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Cord Blood
- 6.2.2. Cord Tissue
Chapter 7. Global Cord Blood Banking Services Market Size & Forecasts by Application 2022-2032
- 7.1. Segment Dashboard
- 7.2. Global Cord Blood Banking Services Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Cancer Disease
- 7.2.2. Diabetes
- 7.2.3. Blood Disease
- 7.2.4. Immune Disorders
- 7.2.5. Metabolic Disorders
- 7.2.6. Others
Chapter 8. Global Cord Blood Banking Services Market Size & Forecasts by Region 2022-2032
- 8.1. North America Cord Blood Banking Services Market
- 8.1.1. U.S. Cord Blood Banking Services Market
- 8.1.1.1. Storage Services breakdown size & forecasts, 2022-2032
- 8.1.1.2. Component breakdown size & forecasts, 2022-2032
- 8.1.1.3. Application breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Cord Blood Banking Services Market
- 8.1.2.1. Storage Services breakdown size & forecasts, 2022-2032
- 8.1.2.2. Component breakdown size & forecasts, 2022-2032
- 8.1.2.3. Application breakdown size & forecasts, 2022-2032
- 8.1.3. Mexico Cord Blood Banking Services Market
- 8.1.3.1. Storage Services breakdown size & forecasts, 2022-2032
- 8.1.3.2. Component breakdown size & forecasts, 2022-2032
- 8.1.3.3. Application breakdown size & forecasts, 2022-2032
- 8.2. Europe Cord Blood Banking Services Market
- 8.2.1. UK Cord Blood Banking Services Market
- 8.2.2. Germany Cord Blood Banking Services Market
- 8.2.3. France Cord Blood Banking Services Market
- 8.2.4. Spain Cord Blood Banking Services Market
- 8.2.5. Italy Cord Blood Banking Services Market
- 8.2.6. Rest of Europe Cord Blood Banking Services Market
- 8.3. Asia-Pacific Cord Blood Banking Services Market
- 8.3.1. China Cord Blood Banking Services Market
- 8.3.2. India Cord Blood Banking Services Market
- 8.3.3. Japan Cord Blood Banking Services Market
- 8.3.4. Australia Cord Blood Banking Services Market
- 8.3.5. South Korea Cord Blood Banking Services Market
- 8.3.6. Rest of Asia Pacific Cord Blood Banking Services Market
- 8.4. Latin America Cord Blood Banking Services Market
- 8.4.1. Brazil Cord Blood Banking Services Market
- 8.4.2. Mexico Cord Blood Banking Services Market
- 8.4.3. Rest of Latin America Cord Blood Banking Services Market
- 8.5. Middle East and Africa Cord Blood Banking Services Market
- 8.5.1. Saudi Arabia Cord Blood Banking Services Market
- 8.5.2.South Africa Cord Blood Banking Services Market
- 8.5.3. Rest of Middle East and Africa Cord Blood Banking Services Market
Chapter 9. Competitive Intelligence
- 9.1. Key Company SWOT Analysis
- 9.2. Top Market Strategies
- 9.3. Company Profiles
- 9.3.1. Cord Blood Registry (CBR)
- 9.3.1.1. Key Information
- 9.3.1.2. Overview
- 9.3.1.3. Financial (Subject to Data Availability)
- 9.3.1.4. Product Summary
- 9.3.1.5. Market Strategies
- 9.3.2. Cryo-Cell International, Inc.
- 9.3.3 ViaCord, LLC
- 9.3.4. China Cord Blood Corporation (CCBC)
- 9.3.5. Cryo-Save AG
- 9.3.6. Cordlife Group Limited
- 9.3.7. LifeCell International Pvt. Ltd.
- 9.3.8. Smart Cells International Ltd.
- 9.3.9. Americord Registry LLC
- 9.3.10. Global Cord Blood Corporation
- 9.3.11. StemCyte Inc.
- 9.3.12. Cells4Life Group LLP
- 9.3.13. BioCell Pty Ltd.
- 9.3.14. HealthBanks Biotech (USA) Inc.
- 9.3.15. Future Health Biobank
Chapter 10. Research Process
- 10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
- 10.2. Research Attributes