Global Cord Blood Banking Services Market Size, Share & Industry Trends Analysis Report By Component (Cord Tissue and Cord Blood), By Storage Services (Private Cord Blood Banks and Public Cord Blood Banks), By Application, By Regional Outlook and Forecast

Global Cord Blood Banking Services Market Size, Share & Industry Trends Analysis Report By Component (Cord Tissue and Cord Blood), By Storage Services (Private Cord Blood Banks and Public Cord Blood Banks), By Application, By Regional Outlook and Forecast, 2022 - 2028

The Global Cord Blood Banking Services Market size is expected to reach $2.9 billion by 2028, rising at a market growth of 13.1% CAGR during the forecast period.

A large number of genetic illnesses can be treated with stem cells from cord blood, which is a major source of these cells. Chronic illnesses like cancer, blood diseases, diabetes, and immunological disorders can be treated with cord blood stem cells. Even while only a tiny amount of cord blood can be extracted from a single umbilical cord, it is the only type of stem cell that can be preserved for use in the future and contains a substantial number of stem cells.

These cells can be kept in cord blood banks for an average of 20 to 25 years and are obtained from hospitals and nursing homes for use in the future. The motivation of healthcare businesses to invest in research and the commercialization of cord blood stem cell therapies has increased as a result of the government authorities' support for cord blood stem cell research & clinical trials.

The market is currently more competitive, and businesses are working to spread the word about the advantages of cord blood banking. The Institute for Transfusion Medicine and Cord Blood Registry also teamed up to begin a multi-year project to raise awareness of cord blood cells. The expansion of the cord blood banking services market is anticipated to be aided by efforts that inform and advise expectant parents about the alternatives available for cord blood banking in relation to the various financial schemes for storage and donation.

COVID-19 Impact Analysis

Due to the lockdown measures in various countries and the delay in the collection and supply of cord blood used to treat diseases like immune disorders, blood diseases, diabetes, metabolic disorders, and cancer, the COVID 19 outbreak has had an impact on the expansion of the cord blood banking services industry. Numerous businesses in the market for cord blood banking services had to temporarily halt operations as a result of the COVID-19 pandemic in order to adhere to new rules put in place by the government to stop the disease's spread. The market for cord blood banking services was immediately impacted by this halt in operations in terms of revenue flow. As a result, the market experienced a gradual rebound throughout the course of the projected period.

Market Growth Factor

Rising Awareness of Stem Cells' Therapeutic

More people are becoming aware of the therapeutic potential of stem cells worldwide. Health professionals are beginning to inform the parent and expecting populations about the significance and advantages of conserving cord blood stem cells, which is propelling the market's expansion.

Rising Private as Well as Public Investment in Cancer Research

One of the key reasons driving the growth of the market is the increase in public-private funding and investments in cancer research to lead to improvements in cancer detection and treatment. In the upcoming years, these investments from the public as well as private sources are anticipated to present new growth possibilities for market participants.

Market Restraining Factor

Stringent Accreditation & Licensing Standards A Challenge to Market Growth

A cord blood bank should have accreditations that are acknowledged globally. The blood bank's accreditations attest to independent evaluations of the blood bank's competence, credibility, operational effectiveness, and quality control of processing and cryopreservation procedures to guarantee the security of the umbilical cord blood stem cells that are being stored. Certifications serve as quality controls to uphold standards.

Component Outlook

On the basis of component, the cord blood banking service market is divided into cord blood and cord tissue. In 2021, the cord tissue segment held the largest revenue share in the cord blood banking services market. Due to the abundance of stem cells present in cord tissue, including hematopoietic stem cells (HSCs) and mesenchymal stem cells (MSCs), cord tissue is significant in cord blood banking services.

Storage Services Outlook

Based on storage services, the cord blood banking services market is segmented into public and private. In 2021, the public segment acquired a substantial revenue share in the cord blood banking services market. This is because of the high fee parents were had to pay for the collecting and storage of CB units. Furthermore, compared to state banks, the customer bases of private players are growing as a result of their marketing strategies which would contribute to the market growth in this segment.

Application Outlook

By application, the cord blood banking service market is fragmented into cancer disease, diabetes, blood disease, immune disorders, metabolic disorders, and others. In 2021, the diabetes segment garnered the largest revenue share in the cord blood banking services market. Diabetes affected 422 million people in 2014, up from 108 million in 1980. Compared to high-income countries, prevalence has been increasing more quickly in low-income as well as middle-income nations.

Regional Outlook

Region wise, the cord blood banking service market is analyzed across the North America, Europe, Asia Pacific and LAMEA. In 2021, the North America segment led the cord blood banking services market by generating maximum revenue share. This is because of the region's extensive private player presence and high level of public awareness. In addition, the growth of healthcare infrastructure as well as a growing number of clinical trials in the treatment of leukaemia would propel the cord blood banking market in the region.

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMAG Pharmaceuticals, Inc., Americord Registry LLC, StemCyte, Inc., Cordlife Group Limited, cordvida, Cryo-Cell International, Inc., CryoHoldco de LatinoAmérica and Vita 34 AG

Scope of the Study

Market Segments covered in the Report:

By Component

  • Cord Tissue
  • Cord Blood
By Storage Services
  • Private Cord Blood Banks
  • Public Cord Blood Banks
By Application
  • Diabetes
  • Cancer Disease
  • Blood Disease
  • Immune Disorders
  • Metabolic Disorders
  • Others
By Geography
  • North America
  • US
  • Canada
  • Mexico
  • Rest of North America
  • Europe
  • Germany
  • UK
  • France
  • Russia
  • Spain
  • Italy
  • Rest of Europe
  • Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Singapore
  • Malaysia
  • Rest of Asia Pacific
  • LAMEA
  • Brazil
  • Argentina
  • UAE
  • Saudi Arabia
  • South Africa
  • Nigeria
  • Rest of LAMEA
Companies Profiled
  • AMAG Pharmaceuticals, Inc.
  • Americord Registry LLC
  • StemCyte, Inc.
  • Cordlife Group Limited
  • cordvida
  • Cryo-Cell International, Inc.
  • CryoHoldco de LatinoAmérica
  • Vita 34 AG
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Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Cord Blood Banking Services Market, by Component
1.4.2 Global Cord Blood Banking Services Market, by Storage Services
1.4.3 Global Cord Blood Banking Services Market, by Application
1.4.4 Global Cord Blood Banking Services Market, by Geography
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Global Cord Blood Banking Services Market by Component
3.1 Global Cord Tissue Market by Region
3.2 Global Cord Blood Market by Region
Chapter 4. Global Cord Blood Banking Services Market by Storage Services
4.1 Global Private Cord Blood Banks Market by Region
4.2 Global Public Cord Blood Banks Market by Region
Chapter 5. Global Cord Blood Banking Services Market by Application
5.1 Global Diabetes Market by Region
5.2 Global Cancer Disease Market by Region
5.3 Global Blood Disease Market by Region
5.4 Global Immune Disorders Market by Region
5.5 Global Metabolic Disorders Market by Region
5.6 Global Others Market by Region
Chapter 6. Global Cord Blood Banking Services Market by Region
6.1 North America Cord Blood Banking Services Market
6.1.1 North America Cord Blood Banking Services Market by Component
6.1.1.1 North America Cord Tissue Market by Country
6.1.1.2 North America Cord Blood Market by Country
6.1.2 North America Cord Blood Banking Services Market by Storage Services
6.1.2.1 North America Private Cord Blood Banks Market by Country
6.1.2.2 North America Public Cord Blood Banks Market by Country
6.1.3 North America Cord Blood Banking Services Market by Application
6.1.3.1 North America Diabetes Market by Country
6.1.3.2 North America Cancer Disease Market by Country
6.1.3.3 North America Blood Disease Market by Country
6.1.3.4 North America Immune Disorders Market by Country
6.1.3.5 North America Metabolic Disorders Market by Country
6.1.3.6 North America Others Market by Country
6.1.4 North America Cord Blood Banking Services Market by Country
6.1.4.1 US Cord Blood Banking Services Market
6.1.4.1.1 US Cord Blood Banking Services Market by Component
6.1.4.1.2 US Cord Blood Banking Services Market by Storage Services
6.1.4.1.3 US Cord Blood Banking Services Market by Application
6.1.4.2 Canada Cord Blood Banking Services Market
6.1.4.2.1 Canada Cord Blood Banking Services Market by Component
6.1.4.2.2 Canada Cord Blood Banking Services Market by Storage Services
6.1.4.2.3 Canada Cord Blood Banking Services Market by Application
6.1.4.3 Mexico Cord Blood Banking Services Market
6.1.4.3.1 Mexico Cord Blood Banking Services Market by Component
6.1.4.3.2 Mexico Cord Blood Banking Services Market by Storage Services
6.1.4.3.3 Mexico Cord Blood Banking Services Market by Application
6.1.4.4 Rest of North America Cord Blood Banking Services Market
6.1.4.4.1 Rest of North America Cord Blood Banking Services Market by Component
6.1.4.4.2 Rest of North America Cord Blood Banking Services Market by Storage Services
6.1.4.4.3 Rest of North America Cord Blood Banking Services Market by Application
6.2 Europe Cord Blood Banking Services Market
6.2.1 Europe Cord Blood Banking Services Market by Component
6.2.1.1 Europe Cord Tissue Market by Country
6.2.1.2 Europe Cord Blood Market by Country
6.2.2 Europe Cord Blood Banking Services Market by Storage Services
6.2.2.1 Europe Private Cord Blood Banks Market by Country
6.2.2.2 Europe Public Cord Blood Banks Market by Country
6.2.3 Europe Cord Blood Banking Services Market by Application
6.2.3.1 Europe Diabetes Market by Country
6.2.3.2 Europe Cancer Disease Market by Country
6.2.3.3 Europe Blood Disease Market by Country
6.2.3.4 Europe Immune Disorders Market by Country
6.2.3.5 Europe Metabolic Disorders Market by Country
6.2.3.6 Europe Others Market by Country
6.2.4 Europe Cord Blood Banking Services Market by Country
6.2.4.1 Germany Cord Blood Banking Services Market
6.2.4.1.1 Germany Cord Blood Banking Services Market by Component
6.2.4.1.2 Germany Cord Blood Banking Services Market by Storage Services
6.2.4.1.3 Germany Cord Blood Banking Services Market by Application
6.2.4.2 UK Cord Blood Banking Services Market
6.2.4.2.1 UK Cord Blood Banking Services Market by Component
6.2.4.2.2 UK Cord Blood Banking Services Market by Storage Services
6.2.4.2.3 UK Cord Blood Banking Services Market by Application
6.2.4.3 France Cord Blood Banking Services Market
6.2.4.3.1 France Cord Blood Banking Services Market by Component
6.2.4.3.2 France Cord Blood Banking Services Market by Storage Services
6.2.4.3.3 France Cord Blood Banking Services Market by Application
6.2.4.4 Russia Cord Blood Banking Services Market
6.2.4.4.1 Russia Cord Blood Banking Services Market by Component
6.2.4.4.2 Russia Cord Blood Banking Services Market by Storage Services
6.2.4.4.3 Russia Cord Blood Banking Services Market by Application
6.2.4.5 Spain Cord Blood Banking Services Market
6.2.4.5.1 Spain Cord Blood Banking Services Market by Component
6.2.4.5.2 Spain Cord Blood Banking Services Market by Storage Services
6.2.4.5.3 Spain Cord Blood Banking Services Market by Application
6.2.4.6 Italy Cord Blood Banking Services Market
6.2.4.6.1 Italy Cord Blood Banking Services Market by Component
6.2.4.6.2 Italy Cord Blood Banking Services Market by Storage Services
6.2.4.6.3 Italy Cord Blood Banking Services Market by Application
6.2.4.7 Rest of Europe Cord Blood Banking Services Market
6.2.4.7.1 Rest of Europe Cord Blood Banking Services Market by Component
6.2.4.7.2 Rest of Europe Cord Blood Banking Services Market by Storage Services
6.2.4.7.3 Rest of Europe Cord Blood Banking Services Market by Application
6.3 Asia Pacific Cord Blood Banking Services Market
6.3.1 Asia Pacific Cord Blood Banking Services Market by Component
6.3.1.1 Asia Pacific Cord Tissue Market by Country
6.3.1.2 Asia Pacific Cord Blood Market by Country
6.3.2 Asia Pacific Cord Blood Banking Services Market by Storage Services
6.3.2.1 Asia Pacific Private Cord Blood Banks Market by Country
6.3.2.2 Asia Pacific Public Cord Blood Banks Market by Country
6.3.3 Asia Pacific Cord Blood Banking Services Market by Application
6.3.3.1 Asia Pacific Diabetes Market by Country
6.3.3.2 Asia Pacific Cancer Disease Market by Country
6.3.3.3 Asia Pacific Blood Disease Market by Country
6.3.3.4 Asia Pacific Immune Disorders Market by Country
6.3.3.5 Asia Pacific Metabolic Disorders Market by Country
6.3.3.6 Asia Pacific Others Market by Country
6.3.4 Asia Pacific Cord Blood Banking Services Market by Country
6.3.4.1 China Cord Blood Banking Services Market
6.3.4.1.1 China Cord Blood Banking Services Market by Component
6.3.4.1.2 China Cord Blood Banking Services Market by Storage Services
6.3.4.1.3 China Cord Blood Banking Services Market by Application
6.3.4.2 Japan Cord Blood Banking Services Market
6.3.4.2.1 Japan Cord Blood Banking Services Market by Component
6.3.4.2.2 Japan Cord Blood Banking Services Market by Storage Services
6.3.4.2.3 Japan Cord Blood Banking Services Market by Application
6.3.4.3 India Cord Blood Banking Services Market
6.3.4.3.1 India Cord Blood Banking Services Market by Component
6.3.4.3.2 India Cord Blood Banking Services Market by Storage Services
6.3.4.3.3 India Cord Blood Banking Services Market by Application
6.3.4.4 South Korea Cord Blood Banking Services Market
6.3.4.4.1 South Korea Cord Blood Banking Services Market by Component
6.3.4.4.2 South Korea Cord Blood Banking Services Market by Storage Services
6.3.4.4.3 South Korea Cord Blood Banking Services Market by Application
6.3.4.5 Singapore Cord Blood Banking Services Market
6.3.4.5.1 Singapore Cord Blood Banking Services Market by Component
6.3.4.5.2 Singapore Cord Blood Banking Services Market by Storage Services
6.3.4.5.3 Singapore Cord Blood Banking Services Market by Application
6.3.4.6 Malaysia Cord Blood Banking Services Market
6.3.4.6.1 Malaysia Cord Blood Banking Services Market by Component
6.3.4.6.2 Malaysia Cord Blood Banking Services Market by Storage Services
6.3.4.6.3 Malaysia Cord Blood Banking Services Market by Application
6.3.4.7 Rest of Asia Pacific Cord Blood Banking Services Market
6.3.4.7.1 Rest of Asia Pacific Cord Blood Banking Services Market by Component
6.3.4.7.2 Rest of Asia Pacific Cord Blood Banking Services Market by Storage Services
6.3.4.7.3 Rest of Asia Pacific Cord Blood Banking Services Market by Application
6.4 LAMEA Cord Blood Banking Services Market
6.4.1 LAMEA Cord Blood Banking Services Market by Component
6.4.1.1 LAMEA Cord Tissue Market by Country
6.4.1.2 LAMEA Cord Blood Market by Country
6.4.2 LAMEA Cord Blood Banking Services Market by Storage Services
6.4.2.1 LAMEA Private Cord Blood Banks Market by Country
6.4.2.2 LAMEA Public Cord Blood Banks Market by Country
6.4.3 LAMEA Cord Blood Banking Services Market by Application
6.4.3.1 LAMEA Diabetes Market by Country
6.4.3.2 LAMEA Cancer Disease Market by Country
6.4.3.3 LAMEA Blood Disease Market by Country
6.4.3.4 LAMEA Immune Disorders Market by Country
6.4.3.5 LAMEA Metabolic Disorders Market by Country
6.4.3.6 LAMEA Others Market by Country
6.4.4 LAMEA Cord Blood Banking Services Market by Country
6.4.4.1 Brazil Cord Blood Banking Services Market
6.4.4.1.1 Brazil Cord Blood Banking Services Market by Component
6.4.4.1.2 Brazil Cord Blood Banking Services Market by Storage Services
6.4.4.1.3 Brazil Cord Blood Banking Services Market by Application
6.4.4.2 Argentina Cord Blood Banking Services Market
6.4.4.2.1 Argentina Cord Blood Banking Services Market by Component
6.4.4.2.2 Argentina Cord Blood Banking Services Market by Storage Services
6.4.4.2.3 Argentina Cord Blood Banking Services Market by Application
6.4.4.3 UAE Cord Blood Banking Services Market
6.4.4.3.1 UAE Cord Blood Banking Services Market by Component
6.4.4.3.2 UAE Cord Blood Banking Services Market by Storage Services
6.4.4.3.3 UAE Cord Blood Banking Services Market by Application
6.4.4.4 Saudi Arabia Cord Blood Banking Services Market
6.4.4.4.1 Saudi Arabia Cord Blood Banking Services Market by Component
6.4.4.4.2 Saudi Arabia Cord Blood Banking Services Market by Storage Services
6.4.4.4.3 Saudi Arabia Cord Blood Banking Services Market by Application
6.4.4.5 South Africa Cord Blood Banking Services Market
6.4.4.5.1 South Africa Cord Blood Banking Services Market by Component
6.4.4.5.2 South Africa Cord Blood Banking Services Market by Storage Services
6.4.4.5.3 South Africa Cord Blood Banking Services Market by Application
6.4.4.6 Nigeria Cord Blood Banking Services Market
6.4.4.6.1 Nigeria Cord Blood Banking Services Market by Component
6.4.4.6.2 Nigeria Cord Blood Banking Services Market by Storage Services
6.4.4.6.3 Nigeria Cord Blood Banking Services Market by Application
6.4.4.7 Rest of LAMEA Cord Blood Banking Services Market
6.4.4.7.1 Rest of LAMEA Cord Blood Banking Services Market by Component
6.4.4.7.2 Rest of LAMEA Cord Blood Banking Services Market by Storage Services
6.4.4.7.3 Rest of LAMEA Cord Blood Banking Services Market by Application
Chapter 7. Company Profiles
7.1 AMAG Pharmaceuticals, Inc.
7.1.1 Company Overview
7.2 Americord Registry LLC
7.2.1 Company Overview
7.3 StemCyte, Inc.
7.3.1 Company Overview
7.4 Cordlife Group Limited
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.5 CordVida
7.5.1 Company Overview
7.6 Cryo-Cell International, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.7 CryoHoldco de LatinoAmérica
7.7.1 Company Overview
7.8 Vita 34 AG
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses

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