The global cord blood banking services market size was valued at USD 2.02 Billion in 2024. Looking forward, the market is forecast to reach USD 4.57 Billion by 2033, exhibiting a CAGR of 9.02% during 2025-2033. North America currently dominates the market, holding a significant market share of over 33.8% in 2024. The market is growing due to rising awareness about stem cell therapies, increasing prevalence of genetic disorders, advancements in regenerative medicine, government initiatives, and growing adoption of private banking. Moreover, the improved storage technologies, rising healthcare expenditure, expanding research applications, and increasing childbirth rates in key regions are some of the other factors fueling the cord blood banking services market share.
Cord blood banking is a procedure of collecting and storing life-saving stem cells from the umbilical cord and placenta for future use. It uses hematopoietic stem cells that are present in the cord blood of the baby to develop it into red blood cells (RBCs), white blood cells (WBCs) and platelets. It aids in the treatment of cancer, blood diseases and immune system disorders as cord blood banking is less complicated, painful and risky for the donor compared to the collection of stem cells from bone marrow. As a result, it finds extensive applications in hospitals, research institutes, and specialty clinics.
2. What is the future outlook of the cord blood banking services market?
3. What are the key factors driving the cord blood banking services market?
4. Which region accounts for the largest cord blood banking services market share?
5. Which are the leading companies in the global cord blood banking services market?
Cord blood banking is a procedure of collecting and storing life-saving stem cells from the umbilical cord and placenta for future use. It uses hematopoietic stem cells that are present in the cord blood of the baby to develop it into red blood cells (RBCs), white blood cells (WBCs) and platelets. It aids in the treatment of cancer, blood diseases and immune system disorders as cord blood banking is less complicated, painful and risky for the donor compared to the collection of stem cells from bone marrow. As a result, it finds extensive applications in hospitals, research institutes, and specialty clinics.
Cord Blood Banking Services Market Trends:
The growing prevalence of different cancers, such as lymphoma and leukemia, due to longer working hours, stressful lives, and excessive smoking and alcohol consumption represents one of the key factors driving the market. Moreover, there is an increase in the utilization of cord blood banking services for the treatment of immunodeficiency disorders across the globe. This, coupled with the increasing awareness among individuals about the benefits and wide availability of cord blood banking service providers, is propelling the growth of the market. In addition, governments of several countries are extensively investing in research and development (R&D) activities to facilitate clinical trials of cord blood stem cells. In line with this, the growing number of patients with damaged bone marrow worldwide is positively influencing the market. Besides this, the rising diagnostic screening of cord blood in private centers as per guidelines and regulations of regulatory authorities is offering lucrative growth opportunities to industry investors. Additionally, the expanding healthcare industry is strengthening the growth of the market.Market Segmentation:
This report provides an analysis of the key trends in each segment of the global cord blood banking services market, along with forecasts at the global, regional, and country levels from 2025-2033. The market has been categorized based on component, storage services, and application.Breakup by Component:
- Cord Blood
- Cord Tissue
Breakup by Storage Services:
- Public Cord Blood Banks
- Private Cord Blood Banks
Breakup by Application:
- Cancer Disease
- Diabetes
- Blood Disease
- Immune Disorders
- Metabolic Disorders
- Others
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Alphacord LLC, Americord Registry LLC, ATCC, California Cryobank, Cordlife Group LImited, Cryo-Cell International Inc., Global Cord Blood Corporation, LifeBank, LifeCell International Pvt. Ltd., National Cord Blood Program, Norton Healthcare Inc., Perkinelmer Inc. and StemCyte India Therapeutics Pvt. Ltd.Key Questions Answered in This Report
1. How big is the cord blood banking services market?2. What is the future outlook of the cord blood banking services market?
3. What are the key factors driving the cord blood banking services market?
4. Which region accounts for the largest cord blood banking services market share?
5. Which are the leading companies in the global cord blood banking services market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Cord Blood Banking Services Market
6 Market Breakup by Component
7 Market Breakup by Storage Services
8 Market Breakup by Application
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- Alphacord LLC
- Americord Registry LLC
- ATCC
- California Cryobank
- Cordlife Group LImited
- Cryo-Cell International Inc.
- Global Cord Blood Corporation
- LifeBank
- LifeCell International Pvt. Ltd.
- National Cord Blood Program
- Norton Healthcare Inc.
- Perkinelmer Inc.
- StemCyte India Therapeutics Pvt. Ltd.
Methodology
LOADING...
Table Information
Report Attribute | Details |
---|---|
No. of Pages | 143 |
Published | May 2025 |
Forecast Period | 2024 - 2033 |
Estimated Market Value ( USD | $ 2.02 Billion |
Forecasted Market Value ( USD | $ 4.57 Billion |
Compound Annual Growth Rate | 9.5% |
Regions Covered | Global |
No. of Companies Mentioned | 13 |