Cord Blood Banking Services

Global Cord Blood Banking Services Market to Reach US$122.4 Billion by 2030

The global market for Cord Blood Banking Services estimated at US$68.7 Billion in the year 2024, is expected to reach US$122.4 Billion by 2030, growing at a CAGR of 10.1% over the analysis period 2024-2030. Private, one of the segments analyzed in the report, is expected to record a 10.6% CAGR and reach US$79.3 Billion by the end of the analysis period. Growth in the Public segment is estimated at 9.4% CAGR over the analysis period.

The U.S. Market is Estimated at US$18.1 Billion While China is Forecast to Grow at 13.9% CAGR

The Cord Blood Banking Services market in the U.S. is estimated at US$18.1 Billion in the year 2024. China, the world`s second largest economy, is forecast to reach a projected market size of US$27.7 Billion by the year 2030 trailing a CAGR of 13.9% over the analysis period 2024-2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at a CAGR of 7.2% and 7.8% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 7.8% CAGR.

Global Cord Blood Banking Services Market - Key Trends & Drivers Summarized

Why Are Cord Blood Banking Services Gaining Popularity?

Cord blood banking services are gaining significant popularity due to their potential in treating a wide range of diseases and medical conditions. Cord blood, which is rich in hematopoietic stem cells (HSCs), can be used in the treatment of over 80 diseases, including leukemia, lymphoma, and certain genetic disorders. As awareness of these potential benefits grows among expectant parents and healthcare providers, the demand for cord blood banking services is increasing. The option of storing cord blood for future medical use offers a form of biological insurance, appealing to those looking to safeguard their family`s health. Additionally, the ongoing advancements in stem cell research and regenerative medicine are expanding the potential applications of cord blood, further boosting the market for both private and public cord blood banks.

What Technological Advances Are Shaping The Cord Blood Banking Industry?

Technological advancements are playing a pivotal role in shaping the cord blood banking industry by improving the efficiency, safety, and viability of stored stem cells. Innovations in cryopreservation techniques, such as controlled-rate freezing and automated processing systems, are enhancing the quality and longevity of cord blood units. Furthermore, advancements in cell expansion technologies are allowing for the multiplication of hematopoietic stem cells, which is crucial for increasing the success rates of stem cell transplants. The use of artificial intelligence and machine learning is also being explored to optimize cord blood matching processes, making it easier to find suitable donors for patients requiring transplants. These technological innovations are not only improving the efficacy of cord blood banking but also expanding its potential applications in treating various diseases.

How Are Regulatory Frameworks And Public Awareness Influencing The Cord Blood Banking Market?

Regulatory frameworks and public awareness are critical factors influencing the growth and development of the cord blood banking market. Regulatory bodies such as the U.S. Food and Drug Administration (FDA) and the European Medicines Agency (EMA) are establishing stringent guidelines for the collection, processing, and storage of cord blood to ensure safety and quality. These regulations are fostering greater transparency and trust among consumers, encouraging them to consider cord blood banking as a viable option. Public awareness campaigns and educational programs by healthcare providers, non-profit organizations, and cord blood banks are also playing a significant role in informing expectant parents about the benefits of cord blood banking. As awareness grows, more parents are opting for cord blood banking, either through private banking options for personal use or public banking for community use, driving the market forward.

What Factors Are Driving The Growth Of The Cord Blood Banking Services Market?

The growth in the cord blood banking services market is driven by several factors, including increasing awareness of the therapeutic potential of cord blood, technological advancements in stem cell processing and storage, and supportive regulatory frameworks. A key driver is the rising prevalence of chronic diseases and the need for advanced treatment options, which is prompting more parents to consider cord blood banking. The growing interest in regenerative medicine and cellular therapies is also boosting the demand for cord blood, as researchers explore its potential applications beyond traditional uses. Additionally, the expansion of healthcare infrastructure and the availability of government incentives in many countries are making cord blood banking services more accessible. The increasing number of collaborations between cord blood banks and research institutions to explore new therapeutic uses is further propelling market growth. These factors collectively underline the expanding potential of the cord blood banking services market worldwide.

SCOPE OF STUDY:

The report analyzes the Cord Blood Banking Services market in terms of units by the following Segments, and Geographic Regions/Countries:

Segments:
Blood Bank Type (Private, Public, Other Blood Bank Types)

Geographic Regions/Countries:
World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Select Competitors (Total 38 Featured) -

• CBR Systems, Inc.
• Cells for Life
• Cells4Life Group LLP
• Cruilife Stem Cell
• Cryo-Cell International, Inc.
• DocTap
• Global Cord Blood Corporation
• HealthBaby Biotech (Hong Kong) Co., Ltd.
• Hema-Quebec
• Oh Baby! Magazine

TARIFF IMPACT FACTOR

Our new release incorporates impact of tariffs on geographical markets as we predict a shift in competitiveness of companies based on HQ country, manufacturing base, exports and imports (finished goods and OEM). This intricate and multifaceted market reality will impact competitors by artificially increasing the COGS, reducing profitability, reconfiguring supply chains, amongst other micro and macro market dynamics.

We are diligently following expert opinions of leading Chief Economists (14,949), Think Tanks (62), Trade & Industry bodies (171) worldwide, as they assess impact and address new market realities for their ecosystems. Experts and economists from every major country are tracked for their opinions on tariffs and how they will impact their countries.

We expect this chaos to play out over the next 2-3 months and a new world order is established with more clarity. We are tracking these developments on a real time basis.

As we release this report, U.S. Trade Representatives are pushing their counterparts in 183 countries for an early closure to bilateral tariff negotiations. Most of the major trading partners also have initiated trade agreements with other key trading nations, outside of those in the works with the United States. We are tracking such secondary fallouts as supply chains shift.

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APRIL 2025: NEGOTIATION PHASE

Our April release addresses the impact of tariffs on the overall global market and presents market adjustments by geography. Our trajectories are based on historic data and evolving market impacting factors.

JULY 2025 FINAL TARIFF RESET

Complimentary Update: Our clients will also receive a complimentary update in July after a final reset is announced between nations. The final updated version incorporates clearly defined Tariff Impact Analyses.

Reciprocal and Bilateral Trade & Tariff Impact Analyses:

USA
CHINA
MEXICO
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EU
JAPAN
INDIA
176 OTHER COUNTRIES.

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