Cord Blood Banking Market Size, Growth, Trends, Report 2027

Summary

Report Description

The global cord blood banking market is anticipated to observe impressive growth during the forecast period, 2023-2027. The major factors include the increase in genetic diseases and the growing awareness among parental population. Cord blood stem cells treat various invasive diseases such as leukemia, anemia, and blood cancer. Moreover, there is an upsurge in the utilization of cord blood banking services for the treatment of immunodeficiency disorders across the world. This, coupled with the growing awareness among masses about the benefits and broad availability of cord blood banking service donors, is impelling the growth of the market. The other factors supporting the market's growth are extensive investments by governments of different countries in research and development (R&D) activities to expedite clinical trials of cord blood stem cells, and expansion of healthcare industry is bolstering the growth of the market

Increasing Prevalence Of Hematological Disorders

Nowadays, more and more people are suffering from various hematological disorders and chronic diseases due to which storing of cord blood stem cells is very crucial. Cord blood holds a rich source of stem cells, which can cure hematological disorders such as leukemia, thalassemia, hemophilia, sickle cell anemia, lymphoma, and others. The growing occurrence of different cancers, such as leukemia and lymphoma, due to longer working hours, hectic lives, and excessive smoking and alcohol intake signifies one of the key factors driving the cord blood banking market. Cord blood stem cells can cure chronic diseases such as cancer, blood diseases, diabetes, and immune diseases due to which an increase in the utilization of cord blood banking services for the treatment of these diseases is becoming more common. For instance, in 2020, CIBMTR reported 4,864 unrelated and 4,160 related bone marrow and cord blood transplants which were performed in the United States.

Growing Awareness on the Therapeutic Potential of Stem cells and Service Providers

Stem cells have been proven to treat over 80 genetic diseases and other chronic diseases due to which people are becoming more aware regarding the therapeutic potential of stem cells across the globe. Parental as well as expectant populations are becoming more aware as health professionals are starting to educate them about the importance and benefits of storing cord blood stem cells which is driving the growth of the market, globally. Additionally, increase in awareness among the public regarding the massive availability of service providers is likely to propel the growth of cord blood market banking. For instance, in the United States, the donor registry contains more than 9 million potential donors. Also, the donor registry includes 266,000 cord blood units from which 115,000 units are from National Cord Blood Inventory (NCBI), with over 4000 NCBI units added in 2021.

Increasing Investments for Cord Blood Banking Sector

Increase in fundings and initiatives by government for R&D, technological advancements and expansion of healthcare infrastructure is propelling the growth of the cord blood banking market, globally. Increasing investments in research and development for treating life threatening diseases and clinical trials for cord blood stem cells are expected to drive the market. For instance, in 2021, Kadmon Pharmaceuticals, LLC, a biopharmaceutical company has received approval for Rezurock (belumosudil), a treatment specified for chronic graft-versus-host disease (cGVHD), an ailment caused due to allogeneic stem cell transplantation in adults and kids older than 12 years.

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Market Segmentation

The global cord blood banking market is segmented into service, component, application, sector, and company. Based on service, the market is divided into sample preservation & storage, sample analysis, sample processing, and sample collection & transportation. Based on component, the market is divided into cord blood and cord tissue. Based on application, the market is divided into cancer disease, diabetes, blood disease, immune disorders, metabolic disorders, and others. Based on sector, the market is divided into public cord blood banks and private cord blood banks. In terms of country, the United States is expected to be a lucrative market in the forecast period due to growing prevalence of hematological disorders and increasing R&D activities in the country.

Market Players

Americord Registry LLC, Covis Group, Cordlife Group Limited, Cryo-Cell International, Inc., FamiCord Group, Cordvida, Perkinelmer Inc., Lifecell International Pvt. Ltd., ViaCord LLC, Global Cord Blood Corporation, and StemCyte Inc. are some of the leading companies operating in the market.

Attribute	Details
Base Year	2021
Historic Data	2017 – 2020
Estimated Year	2022
Forecast Period	2023 – 2027
Quantitative Units	Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
Report coverage	Revenue forecast, company share, competitive landscape, growth factors, and trends
Segments covered	· Service · Component · Application · Sector · Company
Regional scope	North America; Asia Pacific; Europe & CIS; South America; Middle East & Africa
Country scope	United States; Canada; Mexico; China; India; Japan; South Korea; Germany; France; United Kingdom; Spain; Italy; Brazil; Argentina; Colombia; South Africa; UAE; Saudi Arabia; South Africa
Key companies profiled	Americord Registry LLC, Covis Group, Cordlife Group Limited, Cryo-Cell International, Inc., FamiCord Group, Cordvida, Perkinelmer Inc., Lifecell International Pvt. Ltd., ViaCord LLC, Global Cord Blood Corporation, StemCyte, Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, global cord blood banking market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

· Cord Blood Banking Market, By Service:

o Sample Preservation & Storage

o Sample Analysis

o Sample Processing

o Sample Collection & Transportation

· Cord Blood Banking Market, By Component:

Cord Blood
Cord Tissue

· Cord Blood Banking, By Application:

Cancer Disease
Diabetes
Blood Disease
Immune Disorders
Metabolic Disorders
Others

· Cord Blood Banking Market, By Sector:

o Public Cord Blood Banks

o Private Cord Blood Banks

· Cord Blood Banking Market, By Region:

North America

United States
Canada
Mexico

Asia-Pacific

China
India
Japan
Australia
South Korea

Europe & CIS

Germany
France
United Kingdom
Spain
Italy

South America

Brazil
Argentina
Colombia

Middle East & Africa

§ South Africa

§ Saudi Arabia

§ UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Cord Blood Banking Market

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Cord Blood Banking Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

2. Research Methodology

3. Executive Summary

4. Impact of COVID-19 on Global Cord Blood Banking Market

5. Voice of Customer

6. Global Cord Blood Banking Market Outlook

6.1. Market Size & Forecast

6.1.1. By Value

6.2. Market Share & Forecast

6.2.1. By Service (Sample Preservation & Storage, Sample Analysis, Sample Processing, Sample Collection & Transportation)

6.2.2. By Component (Cord Blood v/s Cord Tissue)

6.2.3. By Application (Cancer Disease, DIabetes, Blood Disease, Immune Disorders, Metabolic Disorders, Others)

6.2.4. By Sector (Public Cord Blood Banks v/s Private cord Blood Banks)

6.2.5. By Company (2021)

6.2.6. By Region

6.3. Product Market Map

7. North America Cord Blood Banking Market Outlook

7.1. Market Size & Forecast

7.1.1. By Value

7.2. Market Share & Forecast

7.2.1. By Service

7.2.2. By Component

7.2.3. By Application

7.2.4. By Sector

7.2.5. By Country

7.3. North America: Country Analysis

7.3.1. United States Cord Blood Banking Market Outlook

7.3.1.1. Market Size & Forecast

7.3.1.1.1. By Value

7.3.1.2. Market Share & Forecast

7.3.1.2.1. By Service

7.3.1.2.2. By Component

7.3.1.2.3. By Application

7.3.1.2.4. By Sector

7.3.2. Mexico Cord Blood Banking Market Outlook

7.3.2.1. Market Size & Forecast

7.3.2.1.1. By Value

7.3.2.2. Market Share & Forecast

7.3.2.2.1. By Service

7.3.2.2.2. By Component

7.3.2.2.3. By Application

7.3.2.2.4. By Sector

7.3.3. Canada Cord Blood Banking Market Outlook

7.3.3.1. Market Size & Forecast

7.3.3.1.1. By Value

7.3.3.2. Market Share & Forecast

7.3.3.2.1. By Service

7.3.3.2.2. By Component

7.3.3.2.3. By Application

7.3.3.2.4. By Sector

8. Europe Cord Blood Banking Market Outlook

8.1. Market Size & Forecast

8.1.1. By Value

8.2. Market Share & Forecast

8.2.1. By Service

8.2.2. By Component

8.2.3. By Application

8.2.4. By Sector

8.2.5. By Country

8.3. Europe: Country Analysis

8.3.1. France Cord Blood Banking Market Outlook

8.3.1.1. Market Size & Forecast

8.3.1.1.1. By Value

8.3.1.2. Market Share & Forecast

8.3.1.2.1. By Service

8.3.1.2.2. By Component

8.3.1.2.3. By Application

8.3.1.2.4. By Sector

8.3.2. Germany Cord Blood Banking Market Outlook

8.3.2.1. Market Size & Forecast

8.3.2.1.1. By Value

8.3.2.2. Market Share & Forecast

8.3.2.2.1. By Service

8.3.2.2.2. By Component

8.3.2.2.3. By Application

8.3.2.2.4. By Sector

8.3.3. United Kingdom Cord Blood Banking Market Outlook

8.3.3.1. Market Size & Forecast

8.3.3.1.1. By Value

8.3.3.2. Market Share & Forecast

8.3.3.2.1. By Service

8.3.3.2.2. By Component

8.3.3.2.3. By Application

8.3.3.2.4. By Sector

8.3.4. Italy Cord Blood Banking Market Outlook

8.3.4.1. Market Size & Forecast

8.3.4.1.1. By Value

8.3.4.2. Market Share & Forecast

8.3.4.2.1. By Service

8.3.4.2.2. By Component

8.3.4.2.3. By Application

8.3.4.2.4. By Sector

8.3.5. Spain Cord Blood Banking Market Outlook

8.3.5.1. Market Size & Forecast

8.3.5.1.1. By Value

8.3.5.2. Market Share & Forecast

8.3.5.2.1. By Service

8.3.5.2.2. By Component

8.3.5.2.3. By Application

8.3.5.2.4. By Sector

9. Asia-Pacific Cord Blood Banking Market Outlook

9.1. Market Size & Forecast

9.1.1. By Value

9.2. Market Share & Forecast

9.2.1. By Service

9.2.2. By Component

9.2.3. By Application

9.2.4. By Sector

9.2.5. By Country

9.3. Asia-Pacific: Country Analysis

9.3.1. China Cord Blood Banking Market Outlook

9.3.1.1. Market Size & Forecast

9.3.1.1.1. By Value

9.3.1.2. Market Share & Forecast

9.3.1.2.1. By Service

9.3.1.2.2. By Component

9.3.1.2.3. By Application

9.3.1.2.4. By Sector

9.3.2. India Cord Blood Banking Market Outlook

9.3.2.1. Market Size & Forecast

9.3.2.1.1. By Value

9.3.2.2. Market Share & Forecast

9.3.2.2.1. By Service

9.3.2.2.2. By Component

9.3.2.2.3. By Application

9.3.2.2.4. By Sector

9.3.3. South Korea Cord Blood Banking Market Outlook

9.3.3.1. Market Size & Forecast

9.3.3.1.1. By Value

9.3.3.2. Market Share & Forecast

9.3.3.2.1. By Service

9.3.3.2.2. By Component

9.3.3.2.3. By Application

9.3.3.2.4. By Sector

9.3.4. Japan Cord Blood Banking Market Outlook

9.3.4.1. Market Size & Forecast

9.3.4.1.1. By Value

9.3.4.2. Market Share & Forecast

9.3.4.2.1. By Service

9.3.4.2.2. By Component

9.3.4.2.3. By Application

9.3.4.2.4. By Sector

9.3.5. Australia Cord Blood Banking Market Outlook

9.3.5.1. Market Size & Forecast

9.3.5.1.1. By Value

9.3.5.2. Market Share & Forecast

9.3.5.2.1. By Service

9.3.5.2.2. By Component

9.3.5.2.3. By Application

9.3.5.2.4. By Sector

10. South America Cord Blood Banking Market Outlook

10.1. Market Size & Forecast

10.1.1. By Value

10.2. Market Share & Forecast

10.2.1. By Service

10.2.2. By Component

10.2.3. By Application

10.2.4. By Sector

10.2.5. By Country

10.3. South America: Country Analysis

10.3.1. Brazil Cord Blood Banking Market Outlook

10.3.1.1. Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2. Market Share & Forecast

10.3.1.2.1. By Service

10.3.1.2.2. By Component

10.3.1.2.3. By Application

10.3.1.2.4. By Sector

10.3.2. Argentina Cord Blood Banking Market Outlook

10.3.2.1. Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2. Market Share & Forecast

10.3.2.2.1. By Service

10.3.2.2.2. By Component

10.3.2.2.3. By Application

10.3.2.2.4. By Sector

10.3.3. Colombia Cord Blood Banking Market Outlook

10.3.3.1. Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2. Market Share & Forecast

10.3.3.2.1. By Service

10.3.3.2.2. By Component

10.3.3.2.3. By Application

10.3.3.2.4. By Sector

11. Middle East and Africa Cord Blood Banking Market Outlook

11.1. Market Size & Forecast

11.1.1. By Value

11.2. Market Share & Forecast

11.2.1. By Service

11.2.2. By Component

11.2.3. By Application

11.2.4. By Sector

11.2.5. By Country

11.3. MEA: Country Analysis

11.3.1. South Africa Cord Blood Banking Market Outlook

11.3.1.1. Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2. Market Share & Forecast

11.3.1.2.1. By Service

11.3.1.2.2. By Component

11.3.1.2.3. By Application

11.3.1.2.4. By Sector

11.3.2. Saudi Arabia Cord Blood Banking Market Outlook

11.3.2.1. Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2. Market Share & Forecast

11.3.2.2.1. By Service

11.3.2.2.2. By Component

11.3.2.2.3. By Application

11.3.2.2.4. By Sector

11.3.3. UAE Cord Blood Banking Market Outlook

11.3.3.1. Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2. Market Share & Forecast

11.3.3.2.1. By Service

11.3.3.2.2. By Component

11.3.3.2.3. By Application

11.3.3.2.4. By Sector

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

14. Competitive Landscape

14.1. Americord Registry LLC

14.2. Covis Group

14.3. Cordlife Group Limited

14.4. Cryo-Cell International, Inc.

14.5. FamiCord Group

14.6. Cordvida, Perkinelmer Inc.

14.7. Lifecell International Pvt. Ltd.

14.8. ViaCord LLC

14.9. Global Cord Blood Corporation

14.10. StemCyte, Inc.

15. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the major drivers for the Global Cord Blood Banking Market?

An increase in hematological disorders and awareness among parental population are driving the demand for the global cord blood banking market.

Who are the top players operating in the Global Cord Blood Banking Market?

Americord Registry LLC, Covis Group, Cordlife Group Limited, Cryo-Cell International, Inc., FamiCord Group, Cordvida, Perkinelmer Inc., Lifecell International Pvt. Ltd., ViaCord LLC, Global Cord Blood Corporation, and StemCyte, Inc are the key players operating in the global cord blood banking market.

What are the key factors hampering growth for the Global Cord Blood Banking Market?

Major factors causing hindrance for the growth of the market includes high operating cost of stem cell therapeutics, stringent regulatory standards, the dilemma of choosing private and public banks, and ethical concerns.