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Umbilical Cord Blood Banking Market Size and Forecast, Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Bank Type, Service, End User, and Geography

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    Report

  • 130 Pages
  • July 2024
  • Region: Global
  • The Insight Partners
  • ID: 5991498
UP TO OFF until Dec 31st 2024
The umbilical cord blood banking market size is expected to grow from US$ 3.41 billion in 2023 to US$ 7.89 billion by 2031. It is anticipated to record a CAGR of 11.0% from 2023 to 2031.

Market Drivers of the Umbilical Cord Blood Banking Market

The umbilical cord blood banking industry focuses on gathering, preserving, and storage of umbilical cord blood stem cells for possible future medical use. The expanding knowledge of stem cells' therapeutic potential and the developments in medical science and technology are driving this industry's growth. Businesses in this industry provide services for both private and public banking; private banking is more individualized but frequently entails additional fees. The market has a bright future, with growth in stem cell therapies and regenerative medicine applications predicted to drive further expansion. Thus, increased awareness about umbilical cord blood banking fuels the market growth.

Opportunities in the Umbilical Cord Blood Banking Market

Because of the expanding healthcare infrastructure and rising disposable incomes in emerging markets, there are significant growth opportunities for the penetration of cord blood banking services. Furthermore, profit and nonprofit organizations in developing countries are taking initiatives to increase awareness, creating ample opportunities in the market. For instance, with funding from a partnership with Tamil Nadu, Jeevan, also known as BeTheCure., is India's first entirely public cord blood bank. It allows Indians with blood cancers, thalassemia, and other blood disorders to receive matching stem cells from donated umbilical cord blood quickly, affordably, and cost less.

Umbilical Cord Blood Banking Market: Segmental Overview

By type of bank, the market is segmented into public and private. The public segment held a larger market share in 2023. The market, by service, is categorized into storage and processing. The storage segment held the largest umbilical cord blood banking market share in 2023. It is further anticipated that the highest CAGR will be registered during the forecast period. In terms of end user, the market is segmented into hospitals, research institutes, and others. The hospitals segment holds the major share in 2023, and it is anticipated to register the highest CAGR during the forecast period.

Umbilical Cord Blood Banking Market: Geographical Overview

The umbilical cord blood banking market in Asia Pacific is expected to grow at the highest CAGR during the forecast period. Europe accounted for the largest share of the global market in 2023. A combination of public and private banking options characterize Europe's umbilical cord blood banking market. The goal of public cord blood banks, which the government or nonprofit groups finance, is to give patients in need donated cord blood units for allogeneic transplantation. Families can store their baby's cord blood for their use by using private cord blood banks.

Growth in medical research, growing awareness of the therapeutic potential of cord blood stem cells, and supportive regulatory frameworks have all contributed to the steady expansion of the European cord blood banking market. Private cord blood banking has grown significantly in countries like Spain, Italy, Germany, and France due to rising disposable incomes and a growing focus on healthcare. However, the European market also has to contend with issues like the availability of substitute stem cell sources, regulatory complexity, and ethical concerns. Despite these obstacles, the European cord blood banking market is anticipated to keep growing due to continued R&D initiatives, a rise in regenerative medicine treatments, and expanding the region's healthcare infrastructure.

A few of the major primary and secondary sources referred to while preparing the report on the umbilical cord blood banking market are the World Bank Data, National Health Service (NHS), FDA (Food and Drug Administration), EMA (European Medicines Agency), and WHO (World Health Organization)

Reasons to Buy:

  • Save and reduce time carrying out entry-level research by identifying the growth, size, leading players, and segments in the umbilical cord blood banking market.
  • Highlights key business priorities in order to assist companies to realign their business strategies.
  • The key findings and recommendations highlight crucial progressive industry trends in the umbilical cord blood banking market, thereby allowing players across the value chain to develop effective long-term strategies.
  • Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
  • Scrutinize in-depth market trends and outlook coupled with the factors driving the umbilical cord blood banking market, as well as those hindering it.
  • Enhance the decision-making process by understanding the strategies that underpin security interest with respect to client products, segmentation, pricing, and distribution.

Table of Contents

1. Introduction
1.1 Report Guidance
1.2 Market Segmentation
2. Executive Summary
2.1 Key Insights
3. Research Methodology
3.1 Secondary Research
3.2 Primary Research
3.2.1 Hypothesis formulation:
3.2.2 Macro-economic factor analysis:
3.2.3 Developing base number:
3.2.4 Data Triangulation:
3.2.5 Country level data:
4. Umbilical Cord Blood Banking Market Landscape
4.1 Overview
4.2 PEST Analysis
5. Umbilical Cord Blood Banking Market - Key Market Dynamics
5.1 Umbilical Cord Blood Banking Market - Key Market Dynamics
5.2 Market Drivers
5.2.1 Rising Prevalence of Chronic Illnesses
5.2.2 Evolving Field of Regenerative Medicine
5.3 Market Restraints
5.3.1 Stringent Rules and Regulations
5.4 Market Opportunities
5.4.1 Rise in Government Funding
5.5 Future Trends
5.5.1 Increasing Hybrid Banking Models
5.6 Impact of Drivers and Restraints:
6. Umbilical Cord Blood Banking Market - Global Market Analysis
6.1 Umbilical Cord Blood Banking Market Revenue (US$ Million), 2021-2031
6.2 Umbilical Cord Blood Banking Market Forecast Analysis
7. Umbilical Cord Blood Banking Market Analysis - by Type Of Bank
7.1 Public Cord Blood Banks
7.1.1 Overview
7.1.2 Public Cord Blood Banks: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Private Cord Blood Banks
7.2.1 Overview
7.2.2 Private Cord Blood Banks: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
8. Umbilical Cord Blood Banking Market Analysis - by Service
8.1 Storage
8.1.1 Overview
8.1.2 Storage: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Processing
8.2.1 Overview
8.2.2 Processing: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
9. Umbilical Cord Blood Banking Market Analysis - by End User
9.1 Hospitals
9.1.1 Overview
9.1.2 Hospitals: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Research Institutes
9.2.1 Overview
9.2.2 Research Institutes: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Others
9.3.1 Overview
9.3.2 Others: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10. Umbilical Cord Blood Banking Market - Geographical Analysis
10.1 Overview
10.2 North America
10.2.1 North America Umbilical Cord Blood Banking Market Overview
10.2.2 North America: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.2.3 North America: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.2.3.1 North America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Type Of Bank
10.2.4 North America: Umbilical Cord Blood Banking Market Breakdown, by Service
10.2.4.1 North America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Service
10.2.5 North America: Umbilical Cord Blood Banking Market Breakdown, by End User
10.2.5.1 North America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by End User
10.2.6 North America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.2.6.1 North America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.2.6.2 United States: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.2.1 United States: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.2.6.2.2 United States: Umbilical Cord Blood Banking Market Breakdown, by Service
10.2.6.2.3 United States: Umbilical Cord Blood Banking Market Breakdown, by End User
10.2.6.3 Canada: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.3.1 Canada: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.2.6.3.2 Canada: Umbilical Cord Blood Banking Market Breakdown, by Service
10.2.6.3.3 Canada: Umbilical Cord Blood Banking Market Breakdown, by End User
10.2.6.4 Mexico: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.2.6.4.1 Mexico: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.2.6.4.2 Mexico: Umbilical Cord Blood Banking Market Breakdown, by Service
10.2.6.4.3 Mexico: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3 Europe
10.3.1 Europe Umbilical Cord Blood Banking Market Overview
10.3.2 Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.3 Europe: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.3.1 Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Type Of Bank
10.3.4 Europe: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.4.1 Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Service
10.3.5 Europe: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3.5.1 Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by End User
10.3.6 Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.3.6.1 Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.3.6.2 United Kingdom: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.2.1 United Kingdom: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.6.2.2 United Kingdom: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.6.2.3 United Kingdom: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3.6.3 Germany: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.3.1 Germany: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.6.3.2 Germany: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.6.3.3 Germany: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3.6.4 France: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.4.1 France: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.6.4.2 France: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.6.4.3 France: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3.6.5 Italy: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.5.1 Italy: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.6.5.2 Italy: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.6.5.3 Italy: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3.6.6 Spain: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.6.1 Spain: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.6.6.2 Spain: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.6.6.3 Spain: Umbilical Cord Blood Banking Market Breakdown, by End User
10.3.6.7 Rest of Europe: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.3.6.7.1 Rest of Europe: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.3.6.7.2 Rest of Europe: Umbilical Cord Blood Banking Market Breakdown, by Service
10.3.6.7.3 Rest of Europe: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4 Asia Pacific
10.4.1 Asia Pacific Umbilical Cord Blood Banking Market Overview
10.4.2 Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.3 Asia Pacific: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.3.1 Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Type Of Bank
10.4.4 Asia Pacific: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.4.1 Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Service
10.4.5 Asia Pacific: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4.5.1 Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by End User
10.4.6 Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.4.6.1 Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.4.6.2 China: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.2.1 China: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.6.2.2 China: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.6.2.3 China: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4.6.3 Japan: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.3.1 Japan: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.6.3.2 Japan: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.6.3.3 Japan: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4.6.4 India: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.4.1 India: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.6.4.2 India: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.6.4.3 India: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4.6.5 Australia: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.5.1 Australia: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.6.5.2 Australia: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.6.5.3 Australia: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4.6.6 South Korea: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.6.1 South Korea: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.6.6.2 South Korea: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.6.6.3 South Korea: Umbilical Cord Blood Banking Market Breakdown, by End User
10.4.6.7 Rest of Asia Pacific: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.4.6.7.1 Rest of Asia Pacific: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.4.6.7.2 Rest of Asia Pacific: Umbilical Cord Blood Banking Market Breakdown, by Service
10.4.6.7.3 Rest of Asia Pacific: Umbilical Cord Blood Banking Market Breakdown, by End User
10.5 Middle East and Africa
10.5.1 Middle East and Africa Umbilical Cord Blood Banking Market Overview
10.5.2 Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.5.3 Middle East and Africa: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.5.3.1 Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Type Of Bank
10.5.4 Middle East and Africa: Umbilical Cord Blood Banking Market Breakdown, by Service
10.5.4.1 Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Service
10.5.5 Middle East and Africa: Umbilical Cord Blood Banking Market Breakdown, by End User
10.5.5.1 Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by End User
10.5.6 Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.5.6.1 Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.5.6.2 South Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.2.1 South Africa: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.5.6.2.2 South Africa: Umbilical Cord Blood Banking Market Breakdown, by Service
10.5.6.2.3 South Africa: Umbilical Cord Blood Banking Market Breakdown, by End User
10.5.6.3 Saudi Arabia: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.3.1 Saudi Arabia: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.5.6.3.2 Saudi Arabia: Umbilical Cord Blood Banking Market Breakdown, by Service
10.5.6.3.3 Saudi Arabia: Umbilical Cord Blood Banking Market Breakdown, by End User
10.5.6.4 United Arab Emirates: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.4.1 United Arab Emirates: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.5.6.4.2 United Arab Emirates: Umbilical Cord Blood Banking Market Breakdown, by Service
10.5.6.4.3 United Arab Emirates: Umbilical Cord Blood Banking Market Breakdown, by End User
10.5.6.5 Rest of Middle East and Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.5.6.5.1 Rest of Middle East and Africa: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.5.6.5.2 Rest of Middle East and Africa: Umbilical Cord Blood Banking Market Breakdown, by Service
10.5.6.5.3 Rest of Middle East and Africa: Umbilical Cord Blood Banking Market Breakdown, by End User
10.6 South and Central America
10.6.1 South and Central America Umbilical Cord Blood Banking Market Overview
10.6.2 South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.6.3 South and Central America: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.6.3.1 South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Type Of Bank
10.6.4 South and Central America: Umbilical Cord Blood Banking Market Breakdown, by Service
10.6.4.1 South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Service
10.6.5 South and Central America: Umbilical Cord Blood Banking Market Breakdown, by End User
10.6.5.1 South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by End User
10.6.6 South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.6.6.1 South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
10.6.6.2 Brazil: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.2.1 Brazil: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.6.6.2.2 Brazil: Umbilical Cord Blood Banking Market Breakdown, by Service
10.6.6.2.3 Brazil: Umbilical Cord Blood Banking Market Breakdown, by End User
10.6.6.3 Argentina: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.3.1 Argentina: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.6.6.3.2 Argentina: Umbilical Cord Blood Banking Market Breakdown, by Service
10.6.6.3.3 Argentina: Umbilical Cord Blood Banking Market Breakdown, by End User
10.6.6.4 Rest of South and Central America: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
10.6.6.4.1 Rest of South and Central America: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
10.6.6.4.2 Rest of South and Central America: Umbilical Cord Blood Banking Market Breakdown, by Service
10.6.6.4.3 Rest of South and Central America: Umbilical Cord Blood Banking Market Breakdown, by End User
11. Company Profiles
11.1 Vowels 196 (Cryo Stemcell)
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 HÉMA-QUÉBEC
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 WMDA
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 LifeCell International Pvt Ltd
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 NovaCord
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Cordlife India
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 CryoViva Singapore
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Revvity Inc
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Biocell
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 AlphaCord, LLC
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About the Publisher

Companies Mentioned

  • Cordlife India
  • Biocell
  • CryoStemcell
  • NovaCord
  • LifeCell
  • HÉMA-QUÉBEC
  • Atlantic Health System
  • WMDA
  • CryoViva Singapore
  • ViaCord, Inc.

Table Information