Cord Blood Banking Services Market Size, Share, Trends 2023-2028

 

Cord Blood Banking Services Market Overview 2023-2028:

Cord blood banking comprises collecting, processing, cryopreserving, and storing the blood found in the umbilical cord and placenta after a baby for future use. It assists in treating various severe genetic and immunological diseases among individuals. As it allows scientists and researchers to study stem cells for various treatments, therapies, and regenerative medicines, the demand for cord blood banking services is increasing across the globe.

The global cord blood banking services market size reached US$ 1.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 10.8% during 2023-2028.

 

Report Metric

Historical Year:

2017-2022

Base Year:

2022

Forecast Year:

2023-2028


Important Attribute and highlights of the Report:

  • Detailed analysis of the global market share
  • Market Segmentation
  • Historical, current, and projected size of the market in terms of volume and value
  • Latest industry trends and developments
  • Competitive Landscape
  • Strategies of major players and product offerings

 

Cloud Cord Blood Banking Services Market Trends and Drivers:

 

At present, the rising prevalence of chronic diseases, such as cancers, diabetes, and blood and immune diseases, among individuals around the world represents one of the key factors strengthening the growth of the market. Apart from this, the growing awareness about the therapeutic effects of the stem cells present in cord blood is offering a positive market outlook. In addition, governing agencies of various countries are encouraging clinical trials of cord blood stem cells, which is impelling the growth of the market. Moreover, the rising number of cord blood banking service providers across the globe is offering lucrative growth opportunities to industry players. Besides this, the increasing payment plans offered by service providers is bolstering the growth of the market. Furthermore, the rising number of research activities in the biotechnology sector worldwide is propelling the growth of the market.

 

Global Cord Blood Banking Services Market Analysis and Segmentation 2023-2028:

Top Key Players covered in this report are: Alphacord LLC, Americord Registry LLC, ATCC, California Cryobank, Cordlife Group LImited, Cryo-Cell International Inc., Global Cord Blood Corporation, LifeBank, LifeCell International Pvt. Ltd., National Cord Blood Program, Norton Healthcare Inc., Perkinelmer Inc. and StemCyte India Therapeutics Pvt. Ltd.

 

The report has segmented the market on the basis of region, component, storage services and application.

Breakup by Component:

  • ·      Cord Blood
  • ·      Cord Tissue

Breakup by Storage Services:

  • ·      Public Cord Blood Banks
  • ·      Private Cord Blood Banks

Breakup by Application:

  • ·      Cancer Disease
  • ·      Diabetes
  • ·      Blood Disease
  • ·      Immune Disorders
  • ·      Metabolic Disorders
  • ·      Others

Breakup by Region:

  • ·      North America

o   United States

o   Canada

  • ·      Asia-Pacific

o   China

o   Japan

o   India

o   South Korea

o   Australia

o   Indonesia

o   Others

  • ·      Europe

o   Germany

o   France

o   United Kingdom

o   Italy

o   Spain

o   Russia

o   Others

  • ·      Latin America

o   Brazil

o   Mexico

o   Others

  • ·      Middle East and Africa

If you want latest primary and secondary data (2023-2028) with Cost Module, Business Strategy, Distribution Channel, etc. Click request free sample report, published report will be delivered to you in PDF format via email within 24 to 48 hours of receiving full payment.

Key highlights of the report:

  • Market Performance (2017-2022)
  • Market Outlook (2023- 2028)
  • Porter’s Five Forces Analysis
  • Market Drivers and Success Factors
  • SWOT Analysis
  • Value Chain
  • Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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