The Cord Blood Banking Services Market Overview 2025 report reveals that the market size has grown significantly over the past few years, with projections indicating further expansion.
What are the Historical Growth Trends in the Cord Blood Banking Services Market?
The market size for cord blood banking services has seen robust expansion in recent times. It increased from $26.71 billion in 2024 and is projected to reach $28.66 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%.
What are the 2025 Market Projections: Forecasted Size & Growth Rate for the Cord Blood Banking Services Industry?
The cord blood banking services market is projected to grow to $37.41 billion in 2029, with a compound annual growth rate (CAGR) of 6.9%.
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What are the Key Growth Drivers Fueling the Cord Blood Banking Services Market?
The key drivers in the cord blood banking services market are:
• A rise in the incidence of autoimmune diseases
• An increased prevalence of cancer
• A surge in the occurrence of hematological disorders
• A higher incidence of ongoing diseases and genetic disorders
• The development of innovative stem cell therapies, along with advancements in cord blood processing and storage techniques
• Technological advancements in the field of stem cell research
• The development of innovative therapeutical products.
Global Market Segmentation: Identifying Major Cord Blood Banking Services Industry 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
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What are the emerging Trends Shaping the Future of the Cord Blood Banking Services Market?
The key trends in the cord blood banking services market are:
• Technological innovations, specifically in stem cell research, are shaping the future of the cord blood banking services market.
• The development of new, revolutionary stem cell therapies is an emerging trend.
• The future of the market is greatly influenced by advancements in cord blood processing and storage techniques.
• Another notable trend is the creation of innovative therapeutic products.
Who Are the Top Competitors & Leading Players in the Cord Blood Banking Services Market?
Major companies 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
Regional Dominance: Which Area Leads the Global Cord Blood Banking Services Market?
North America was the largest region in the cord blood banking services market in 2024
