Discover trends, market shifts, and competitive outlooks for the stem cell/cord blood banking industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research

How Fast Is The Stem Cell/Cord Blood Banking Market Expected to Grow Between 2025 And 2029?

There has been a substantial increase in the market size of stem cell/cord blood banking in recent years. The market, which stood at $12.26 billion in 2024, is projected to rise to $13.36 billion in 2025 with a compound annual growth rate (CAGR) of 9.0%. Factors such as advancements in medical technology, growing public awareness, successful clinical applications, supportive governmental regulations, and funding for research have contributed to this growth during the historic period.

Rapid expansion is anticipated in the stem cell/cord blood banking market in the upcoming years, with its size projected to reach $21.78 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 13.0%. This projected growth during the forecast period can be credited to factors such as personalized medicine, the emergence of new therapies, international expansion, biotechnology investments, along with legal and ethical frameworks. Key trends during this period are expected to be non-invasive collection procedures, a range of banking services, transparency and regulatory measures, cooperative initiatives, and advancements in storage methods.

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What are the Fundamental Drivers and Innovations Shaping the Stem Cell/Cord Blood Banking Market?

The rise in the number of cancer patients has been identified as a significant factor propelling the stem cell/cord blood banking market growth. Cancer-related illnesses including leukemia and multiple myeloma can be combated with stem cell transplants. These transplants may either be autologous, where the stem cells originated from the recipient, or allogeneic, where the stem cells obtained from a matched relative or an unrelated donor. The application of stem cells in cancer therapy allows for the regeneration of blood forming stem cells that are impaired during chemotherapy. For example, in January 2023, the American Cancer Society, a non-profit cancer advocacy organization based in the USA, reported a rise in cancer cases to 1,958,310 during the year, which shows a 3.16% increase from 1,898,160 cases in 2021. Consequently, the escalating number of cancer patients is fueling the expansion of the stem cell/cord blood banking market.

How Is the Stem Cell/Cord Blood Banking Market Segmented?

The stem cell/cord blood banking market covered in this report is segmented –

1) By Cell Type: Adult Stem Cells, Umbilical Cord Blood Stem Cells, Embryonic Stem Cells

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

3) By Bank Type: Public, Private

4) By Application: Leukemia, Anemia, Thalassemia, Autism, Cerebral Palsy, Diabetes, Other Applications

Subsegments:

1) By Adult Stem Cells: Hematopoietic Stem Cells (HSC), Mesenchymal Stem Cells (MSC), Neural Stem Cells (NSC), Induced Pluripotent Stem Cells (iPSCs)

2) By Umbilical Cord Blood Stem Cells: Hematopoietic Stem Cells (HSC) From Cord Blood, Mesenchymal Stem Cells (MSC) From Cord Blood

3) By Embryonic Stem Cells: Embryonic Stem Cells (ESCs) From Human Embryos, Stem Cells Derived From Human Embryonic Germ Cells

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Which Regions Are Driving the Next Phase of the Stem Cell/Cord Blood Banking Market Growth?

North America was the largest region in the stem cell/cord blood banking market in 2023. Western Europe was the second largest region in the stem cell/cord blood banking market analysis. The regions covered in the stem cell/cord blood banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

What Long-Term Trends Are Transforming the Competitive Landscape of the Stem Cell/Cord Blood Banking Market?

Combining cord blood and tissue storage with genetic testing services is a rising trend in the stem cell/cord blood banking market. This integration is feasible and productive due to the complementary services it offers to current clients, thus aiding in the broadening of their product range. For instance, Natera, a genetic testing firm, introduced the Evercord cord blood and tissue storage service. This service allows prospective parents to collect, preserve, and possibly retrieve their newborn’s cord blood and tissue for therapeutic use in transplantation and regenerative medicine procedures.

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How Is the Stem Cell/Cord Blood Banking Market Defined and What Are Its Core Parameters?

Stem cell or cord blood banking is the process of storing stem cells or blood from the umbilical cord. It is used to treat future injuries. By taking stem cells from the placenta and umbilical cord and preserving them for later use, cord blood banking can possibly save lives.

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