Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the cord blood banking services market size evolved in recent years?

The cord blood banking services market has experienced steady growth, increasing from $26.71 billion in 2024 to $28.66 billion in 2025 at a CAGR of 7.3%. Growth has been driven by higher demand for stem cell therapies, government initiatives, increased healthcare expenditure, rising cases of chronic diseases, and growing demand for cord blood cells.

What are the predictions for the cord blood banking services market size in the coming years?

The cord blood banking services market is anticipated to grow significantly, reaching $37.41 billion by 2029 at a CAGR of 6.9%. Growth will be driven by the rising incidence of autoimmune diseases, increasing cancer prevalence, growing cases of hematological disorders, common chronic illnesses, and a surge in genetic disorders. Key trends will focus on technological advancements, innovative stem cell therapies, improvements in cord blood processing and storage techniques, and the development of advanced therapeutical products.

Get your cord blood banking services market report here!

https://www.thebusinessresearchcompany.com/report/cord-blood-banking-services-global-market-report

What key factors are fueling the growth of the cord blood banking services market?

The increasing prevalence of genetic disorders is driving the cord blood banking services market. Genetic disorders, caused by DNA abnormalities, are rising due to improved diagnostics and higher maternal age. Cord blood banking offers stem cell treatments for genetic conditions. In June 2023, Gene People reported that one in 25 children in the UK has a genetic disorder, affecting 30,000 newborns and over 2.4 million individuals annually. As a result, the growing incidence of genetic disorders is boosting the cord blood banking services market.

How is the global cord blood banking services market divided into key segments?

The cord blood banking servicesmarket covered in this report is segmented –

1) By Component: Cord Blood, Cord Tissue

2) By Service: Collection And Transportation, Processing, Analysis, Storage

3) By Application: Cancer, Blood Disorders, Metabolic Disorders, Immune Disorders, Other Applications

4) By End User: Hospitals, Pharmaceutical Research, Research Institutes

Subsegments:

1) By Cord Blood: Private Cord Blood Banking, Public Cord Blood Banking

1) By Cord Tissue: Private Cord Tissue Banking, Public Cord Tissue Banking

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=19016&type=smp

Who are the key firms paving the way for growth in the cord blood banking services market?

Major companies operating in the cord blood banking services market are PerkinElmer Inc., AMAG Pharmaceuticals Inc., China Cord Blood Corporation, LifeCell International Pvt. Ltd., Global Cord Blood Corporation, Vita 34 AG, Cordlife Group Limited, LifeBank, Cryo-Cell International, CryoSave SA, ViaCord Inc., Future Health Biobank, Virgin Health Bank, FamiCord Group, Maze Cord Blood Laboratories, Biovault Family, Cells4Life Group LLP, Americord Registry LLC, Angiocrine Bioscience Inc., California Cryobank Stem Cell Services LLC, Singapore Cord Blood Bank, StemCyte Inc., AlphaCord LLC

Which trends are expected to transform the cord blood banking services market?

Major firms in the cord blood banking services market are concentrating on creating novel solutions, such as cord blood banking facilities, to improve the viability and healing potential of stem cells. These facilities are specialist centers providing services connected to the collection, processing, and preservation of umbilical cord blood. For instance, in August 2024, Future Health GCC, a Sem Cells bank based in the UAE, inaugurated a state-of-the-art cord blood banking facility in Dubai Healthcare City. This facilitated families to preserve their newborn’s umbilical cord blood, which is teeming with stem cells. The non-invasive collection process is conducted immediately after birth and is a significant resource for treating numerous serious health issues. Equipped with sophisticated technology, the facility meets top safety standards, ensuring prime storage conditions. As a method of stem cell collection, this is more efficient than conventional sources as it is simpler to collect and preserve, offering families a convenient way to secure their children’s future health.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=19016

What regions are contributing significantly to the growth of the cord blood banking services market?

North America was the largest region in the cord blood banking services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cord blood banking services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

Browse Through More Similar Reports By The Business Research Company:

Self-Monitoring Blood Glucose (SMBG) Devices Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/self-monitoring-blood-glucose-smbg-devices-global-market-report

Stem Cell/Cord Blood Banking Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/stem-cell-cord-blood-banking-global-market-report

Blood Screening Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/blood-screening-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: