Umbilical Cord Blood Banking Market: By Service Type (Sample Preservation and Storage, Sample Analysis, Sample Processing, Sample Collection, and Transportation), By Storage type (Private Umbilical Cord Blood Bank and Public Umbilical Cord Blood Bank), By Application (Bone Marrow Failure Syndrome, Metabolic Disorder, Leukemia, Immune Deficiencies, Lymphoma, and Others) and Geography  

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Umbilical Cord Blood Banking Market size was valued at USD 1,467.2 million in 2023 and growing at a CAGR of 13.6%.  The umbilical cord blood banking market is fuelled by several key factors such as rising awareness of stem cell therapies, growing disposable income, expansion of treatable diseases, and government initiatives. Increased public awareness of the potential of stem cell therapies for treating various diseases like leukemia, lymphoma, and genetic disorders is increasing market growth. As disposable incomes rise, particularly in developing countries, parents are more willing to invest in their children's future health, including cord blood banking. Research is continuously expanding the number of diseases treatable with cord blood stem cells, making the option more attractive. Supportive government policies and initiatives in some countries are promoting cord blood banking. Storing cord blood for extended periods can be expensive, deterring some parents. Despite the growth, awareness about cord blood banking remains limited in some regions. Ethical concerns surround the use of cord blood from public banks and the potential for commercialization. The regulatory landscape for cord blood banking varies globally, creating uncertainty for some potential users. Overall, the umbilical cord blood banking market presents a promising outlook with increasing awareness, expanding applications, and technological advancements. Technological advancements, increased public-private partnerships, a growing focus on personalized medicine, and expansion into emerging markets are the opportunities in the market that provide significant market growth in umbilical cord blood banking. However, addressing cost concerns, ethical considerations, and regulatory variations will be crucial for sustained growth

Umbilical Cord Blood Banking Market Key Developments:
  • In April 2023, the FDA approved Omisirge (by Gamida Cell Ltd.) a modified allogeneic (donor) cord blood-based cell therapy to quicken the recovery of neutrophils in the body and reduce the risk of infection following stem cell transplantation.
  • In March 2017, LifeCell launched Baby Cord Share, Community Stem Cell banking to address the need for creating a large inventory of stem cells in the country.
  • In May 2023: A major USD 54 billion investment was made by the American medical clinic StemCures to build a stem cell manufacturing lab in a state in India. The possibilities of umbilical cord blood banking in India and the increased interest in stem cell research are reflected in this venture.
  • In December 2023: The China Marrow Donor Program and the Shanghai Cord Blood Bank worked together to release an app. By helping to find compatible donors from cord blood banks, this software improves the effectiveness of using cord blood and transplantation.

Global Umbilical Cord Blood Banking Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

13.6%

Largest Market

North America

Fastest Growing Market

Asia Pacific
Umbilical Cord Blood Banking Market Dynamics

Advancements in cryopreservation techniques and cord blood processing could reduce storage costs and improve viability. Collaborations between public and private entities can expand access to cord blood banking and raise awareness. Personalized medicine approaches could increase the demand for cord blood banking as a source of autologous stem cells. The market holds promise in developing countries with rising healthcare expenditures and growing populations. Trends are the growth of public cord blood banks, direct-to-consumer marketing, focus on combination therapies and growing adoption of point-of-care processing which increase the market growth.  Public cord blood banks are gaining traction due to their role in providing unrelated transplants for a wider patient pool. Increased direct-to-consumer marketing by private cord blood banks is influencing market dynamics. The potential for combining cord blood stem cells with other therapies is an emerging trend. Point-of-care processing technologies could simplify cord blood collection and processing procedures.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2019-2023), and forecast (2024-2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and key strategies.
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market.
  • The report tracks recent innovations, key developments, and start-up details that are actively working in the market.
  • The report provides a plethora of information about market entry strategies, regulatory framework, and reimbursement scenarios.

Global Umbilical Cord Blood Banking Market Segmentation

By Storage
  • Public Cord Blood Banks
  • Private Cord Blood Banks
By Application
  • Cancers
  • Blood Disorders
  • Immune Disorders
  • Metabolic Disorders
  • Osteopetrosis
  • Others
By End User
  • Hospitals (Medical Applications)
  • Research Institutes (Scientific Research)
  • Pharmaceutical Research (Drug Discovery)
By Geography
  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East and Africa

Frequently Asked Questions

The umbilical cord blood banking market was valued at USD 1,467.2 million in 2023 and growing at a CAGR of 13.6%.

Rising awareness of stem cell therapies, growing disposable income, expansion of treatable diseases, and government initiatives are the drivers in the umbilical cord blood banking market.

Trends are the growth of public cord blood banks, direct-to-consumer marketing, focus on combination therapies, and growing adoption of point-of-care processing

Market research is segmented based on service type, storage type, application, and region.

Asai-Pacific is the fastest-growing region in the umbilical cord blood banking market.

  1. Executive Summary
  2. Global Umbilical Cord Blood Banking Market Introduction
    • Global Umbilical Cord Blood Banking Market Taxonomy
    • Global Umbilical Cord Blood Banking Market Definitions
      • By Storage
      • By Application
      • By End User
      • By Region
  3. Global Umbilical Cord Blood Banking Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Umbilical Cord Blood Banking Market Dynamics Factors Impact Analysis
  4. Global Umbilical Cord Blood Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  5. Global Umbilical Cord Blood Banking Market Forecast, By Storage, 2019 - 2023 and Forecast, 2024 - 2030
    • Public Cord Blood Banks
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Private Cord Blood Banks
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Umbilical Cord Blood Banking Market Forecast, By Application, 2019 - 2023 and Forecast, 2024 - 2030
    • Cancers
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Blood Disorders
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Immune Disorders
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Metabolic Disorders
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Osteopetrosis
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Umbilical Cord Blood Banking Market Forecast, By End User, 2019 - 2023 and Forecast, 2024 - 2030
    • Hospitals (Medical Applications)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Research Institutes (Scientific Research)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Pharmaceutical Research (Drug Discovery)
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Umbilical Cord Blood Banking Market Forecast, By Region, 2019 - 2023 and Forecast, 2024 - 2030
    • North America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia Pacific
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • The Middle East & Africa
      • Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030 (Revenue, USD Mn)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Umbilical Cord Blood Banking Market - Opportunity Analysis Index, By Storage, By Application, By End User, and Region, 2024 - 2030
  2. North America Umbilical Cord Blood Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Storage Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Public Cord Blood Banks
      • Private Cord Blood Banks
    • Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cancers
      • Blood Disorders
      • Immune Disorders
      • Metabolic Disorders
      • Osteopetrosis
      • Others
    • End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals (Medical Applications)
      • Research Institutes (Scientific Research)
      • Pharmaceutical Research (Drug Discovery)
    • Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • US.
      • Canada
    • North America Umbilical Cord Blood Banking Market - Opportunity Analysis Index, By Storage, By Application, By End User, and Country, 2024 - 2030
    • North America Umbilical Cord Blood Banking Market Dynamics Trends
  3. Europe Umbilical Cord Blood Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Storage Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Public Cord Blood Banks
      • Private Cord Blood Banks
    • Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cancers
      • Blood Disorders
      • Immune Disorders
      • Metabolic Disorders
      • Osteopetrosis
      • Others
    • End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals (Medical Applications)
      • Research Institutes (Scientific Research)
      • Pharmaceutical Research (Drug Discovery)
    • Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • UK.
      • Germany
      • France
      • Italy
      • Spain
      • Russia
      • Rest of Europe
    • Europe Umbilical Cord Blood Banking Market - Opportunity Analysis Index, By Storage, By Application, By End User, and Country, 2024 - 2030
    • Europe Umbilical Cord Blood Banking Market Dynamics Trends
  4. Asia Pacific Umbilical Cord Blood Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Storage Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Public Cord Blood Banks
      • Private Cord Blood Banks
    • Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cancers
      • Blood Disorders
      • Immune Disorders
      • Metabolic Disorders
      • Osteopetrosis
      • Others
    • End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals (Medical Applications)
      • Research Institutes (Scientific Research)
      • Pharmaceutical Research (Drug Discovery)
    • Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • China
      • Japan
      • India
      • ASEAN Counties
      • Philippines
      • Rest of Asia Pacific
    • Asia Pacific Umbilical Cord Blood Banking Market - Opportunity Analysis Index, By Storage, By Application, By End User, and Country, 2024 - 2030
    • Asia Pacific Umbilical Cord Blood Banking Market Dynamics Trends
  5. Latin America Umbilical Cord Blood Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Storage Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Public Cord Blood Banks
      • Private Cord Blood Banks
    • Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cancers
      • Blood Disorders
      • Immune Disorders
      • Metabolic Disorders
      • Osteopetrosis
      • Others
    • End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals (Medical Applications)
      • Research Institutes (Scientific Research)
      • Pharmaceutical Research (Drug Discovery)
    • Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • Mexico
      • Brazil
      • Argentina
      • Chile
      • Rest of Latin America
    • Latin America Umbilical Cord Blood Banking Market - Opportunity Analysis Index, By Storage, By Application, By End User, and Country, 2024 - 2030
    • Latin America Umbilical Cord Blood Banking Market Dynamics Trends
  6. Middle East and Africa Umbilical Cord Blood Banking Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030
    • Storage Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Public Cord Blood Banks
      • Private Cord Blood Banks
    • Application Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Cancers
      • Blood Disorders
      • Immune Disorders
      • Metabolic Disorders
      • Osteopetrosis
      • Others
    • End User Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Hospitals (Medical Applications)
      • Research Institutes (Scientific Research)
      • Pharmaceutical Research (Drug Discovery)
    • Country Analysis (2019 - 2023) and Forecast (2024 - 2030) by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
      • GCC Countries
      • South Africa
      • Saudi Arabia
      • Turkey
      • Rest of MEA
    • Middle East and Africa Umbilical Cord Blood Banking Market - Opportunity Analysis Index, By Storage, By Application, By End User, and Country, 2024 - 2030
    • Middle East and Africa Umbilical Cord Blood Banking Market Dynamics Trends
  7. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, Key Developments, Strategies, and SWOT Analysis)
      • StemCyte Inc.
      • Cordlife Group Ltd.
      • Cryo-Save AG
      • Cryo-Cell International, Inc.
      • Cord Blood America, Inc.
      • China Cord Blood Corporation
      • ViaCord Inc.
      • CBR Systems, Inc.
      • LifeCell
      • Vita 34 AG
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • StemCyte Inc.
  • Cordlife Group Ltd.
  • Cryo-Save AG
  • Cryo-Cell International, Inc.
  • Cord Blood America, Inc.
  • China Cord Blood Corporation
  • ViaCord Inc.
  • CBR Systems, Inc.
  • LifeCell
  • Vita 34 AG
  • Smart Cells International Ltd.
  • Stemcyte India Therapeutics Pvt. Ltd
  • Americord Registry LLC
  • Cordlife Group Limited
  • Esperite N.V.
  • Lifeforce Cryobank Science Inc

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