The global demand for Cord Blood Banking Services Market is presumed to reach the market size of nearly USD 6.7 BN by 2028 from USD 2.63 BN in 2021 with a CAGR of 14.3% under the study period 2022 - 2028.
Cord blood banking services allow parents to collect and store their baby's cord blood at the time of birth. The collected cord blood is then processed and stored in a laboratory until it is needed for treatment. Cord blood can be stored either privately, for the use of the family, or donated to a public cord blood bank to be used via way of means of everybody in want of a stem cell transplant. These stem cells can potentially be used in treating a type of disease and disorders, including leukaemia, anaemia, and immune system disorders.
Market Dynamics
The increasing awareness of the potential medical benefits of stem cells may contribute to the growth of the market. Moreover, the rise of cord blood banking services is due to the increasing availability of these services. Many hospitals and birthing centers now offer cord blood banking services, making it easier for parents to collect and store their baby's cord blood. Furthermore, the growing popularity of assisted reproductive technologies may boost market growth. However, the cost of collecting and storing cord blood may limit the market growth.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of cord blood banking services. The growth and trends of cord blood banking services industry provide a holistic approach to this study.
Market Segmentation
This section of the cord blood banking services market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
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
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Cord Blood Banking Services market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Cord Blood Banking Services Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the cord blood banking services market include AMAG Pharmaceuticals, Inc., Americord Registry LLC, China Cord Blood Corporation, Cord Blood America, Cordlife Group LImited, Cordvida, Cryo-cell International, Cryoholdco DE LatinoAMerica, Esperite N.V., Lifeforce Cryobank Science Inc. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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