Cord Blood Banking Services Market Trend, Share, Growth, Size Analysis and Forecast 2032

Global Cord Blood Banking Services Market: Insights

Global Cord Blood Banking Services Market size was valued at USD 17.37 Billion in 2023 and is predicted to reach USD 27.17 Billion by the end of 2032. The market is expected to grow with a CAGR of 5.1% during the forecast period. The report analyzes the global Cord Blood Banking Services Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Cord Blood Banking Services industry.

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Global Cord Blood Banking Services Market: Overview

Rising usage of stem cells and cord blood in the treatment of genetic disease is mainly boosting the global cord blood banking services market. In addition to this, raising consciousness about the advantages, wide obtainability of service operators paired with insurance coverage are a handful of the reasons towering the requirement for the global cord blood banking services market.

Global Cord Blood Banking Services Market: Growth Factors

Growing capacity of spending and suitable payment schemes provided by the market companies are powering the requirement for these services and thereby boosting the global cord blood banking services market. Rising cases of cancer and other life intimidating genetic disorders are further expected to tower the number of patients needed to undertake bone marrow transplant. Demand for appropriate CB unit is anticipated to increase quickly in the forecast period resulting in an important development in the requirement for public banking and hence fueling the global cord blood banking services market.

While in contrast, firm regulatory needs, the dilemma in selecting the public or private bank, and ethical issues are the major reasons hampering the development of the market. Moreover, the high cost of collection & storage and jeopardy of non-usability of the unit amassed with the private bank are additionally restricting the development of the global cord blood banking services market.

Key Insights

• As per the analysis shared by our research analyst, the global Cord Blood Banking Services Market is estimated to grow annually at a CAGR of around 5.1% over the forecast period (2024-2032).
• In terms of revenue, the global Cord Blood Banking Services Market size was valued at around USD 17.37 Billion in 2023 and is projected to reach USD 27.17 Billion by 2032.
• Based on the storage, In terms of storage, private cord blood banking is the most dominant segment. Parents increasingly opt for private banking to ensure exclusive access to their child’s stem cells, driven by growing awareness about potential future medical uses and the emotional assurance of personalized healthcare preparedness. Though public banking remains important for community benefit and research, the private segment holds the larger market share due to its commercial nature and premium service offerings.
• Based on the type, Among the types of cord blood banking services, cord blood itself (as opposed to cord tissue or placenta blood) remains the dominant segment. This is primarily due to its established clinical applications in treating various blood disorders, cancers, and immune deficiencies. The proven success of hematopoietic stem cell transplants using cord blood contributes to its continued preference and higher demand over other stem cell sources.
• Based on the end user, The hospitals segment is the most dominant end-user category in the cord blood banking services market. Hospitals often serve as primary collection points and are integrated into maternal and child healthcare systems, making them a trusted and convenient choice for expectant parents. Additionally, many hospitals have partnerships or affiliations with cord blood banks, facilitating streamlined processing and storage.
• Based on the region, North America is the most dominant region in the cord blood banking services market. The region benefits from high healthcare expenditure, advanced medical infrastructure, greater awareness of stem cell therapy, and favorable regulatory support. The U.S., in particular, leads due to the presence of numerous private and public banks and a higher adoption rate of advanced healthcare solutions.

Cord Blood Banking Services Market: Report Scope

Global Cord Blood Banking Services Market: Segmentation

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The study provides a decisive view of the cord blood banking services market by segmenting the market based on by storage, by type, by end user and by region. All the segments have been analyzed based on present and future trends and the market is estimated from 2024 to 2032.

On the basis of storage, the global cord blood banking services market is divided into public cord blood banks and private cord blood banks.

Based on the regions, the global cord blood banking services market is segmented into Europe, North America, Asia-Pacific, and RoW.

Global Cord Blood Banking Services Market: Regional Analysis

North America rules the global cord blood banking services market due to the wide attendance of private companies paired with high consciousness amongst the users. Europe added to the 2nd biggest market post-North America due to awareness related to available services and high healthcare expenditure. On the other hand, government limitations in forming private banks in most of the nations such as Italy and France are hindering the development of the global cord blood banking services market in Europe.

Asia Pacific market is expected to develop fast during the forecast timeframe due to the attendance of evolving nations such as Japan, China, Hong Kong, and India. Rising spending in the healthcare segment, increasing investment by global companies to exploit the terrestrial reach and thereby increase the market share are some of the reasons expected to boost the global cord blood banking services market in the Asia Pacific. In addition to this, increasing medical tourism market is anticipated to arouse the requirement for CB units in this area.

Global Cord Blood Banking Services Market: Competitive Players and Segments

The main companies working in the global cord blood banking services market comprise

• Cord Blood America Inc.
• China Cord Blood Corporation
• Cordlife Group Limited
• CBR Systems Inc.
• Cryo-Save AG
• Cryo-Cell International Inc.
• National Cord Blood Program
• Lifeforce Cryobanks
• Virgin Health Bank
• ViaCord Inc.
• CryoHoldco
• CordVida
• Americord
• Vita34
• The University of Colorado Cord Blood Bank
• Maze Cord Blood
• CorCell
• StemCyte
• Cryoviva
• Lifebank USA
• AlphaCord
• Genecord
• Cells4Life
• FamilyCord
• CariCord
• Michigan Blood
• and LifeCell.

Cord Blood Banking Services Market: By Service Type

• Private
• Public
• Hybrid

Cord Blood Banking Services Market : By Application

• Cord Blood
• Cord Tissue
• Placenta

By Regional Segments

• North America
  • The U.S.
• Europe
  • The UK
  • France
  • Germany
• The Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

What Reports Provides

• Full in-depth analysis of the parent market
• Important changes in market dynamics
• Segmentation details of the market
• Former, on-going, and projected market analysis in terms of volume and value
• Assessment of niche industry developments
• Market share analysis
• Key strategies of major players
• Emerging segments and regional markets
• Testimonials to companies in order to fortify their foothold in the market.