Product Code: TIPHE100001334
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).
Table Of Contents
1. Introduction
- 1.1 The Insight Partners Research Report Guidance
- 1.2 Market Segmentation
2. Executive Summary
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 HEMA-QUEBEC
- 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 Insight Partners