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Key Influencer in the Cord Blood Banking Services Market 2025: Rising Genetic Disorder Prevalence Fuels Growth In Cord Blood Banking Services Market Driver
Cord Blood Banking Services
The cord blood banking services market is expected to grow due to the rising prevalence of genetic disorders. Advances in diagnostic technologies and an increase in maternal age are contributing to a higher rate of genetic disorders. Cord blood, rich in stem cells, can help treat genetic disorders through transplants and potential gene therapies. Reports from Gene People and other organizations highlight the significant number of children and adults affected by genetic conditions, driving the need for cord blood banking services.
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What growth opportunities are expected to drive the cord blood banking services market's CAGR through 2034?
The cord blood banking services market has grown significantly, expected to rise from $26.71 billion in 2024 to $28.66 billion in 2025 at a CAGR of 7.3%. Growth has been driven by increased demand for stem cell therapies, government initiatives, higher healthcare expenditures, a rise in chronic diseases, and growing demand for cord blood cells.
The cord blood banking services market is expected to see robust growth in the coming years, reaching $37.41 billion by 2029 at a CAGR of 6.9%. Growth in this period will be driven by the rising incidence of autoimmune diseases, increasing cancer cases, a growing prevalence of hematological disorders, the persistence of chronic diseases, and a higher occurrence of genetic disorders. Significant trends in this period will include technological advancements, the development of innovative stem cell therapies, progress in stem cell research, improvements in cord blood processing and storage techniques, and the emergence of novel therapeutic applications.
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What are the emerging trends shaping the future of the cord blood banking services market?
In the cord blood banking services market, companies are developing advanced cord blood banking facilities to store stem cells more effectively. In August 2024, Future Health GCC opened a state-of-the-art facility in Dubai Healthcare City to store umbilical cord blood, providing families with a valuable resource for treating various health conditions.
Which growth-oriented segments of the cord blood banking services market are leading the industry's development?
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
Subsegments:
1) By Cord Blood: Private Cord Blood Banking, Public Cord Blood Banking
1) By Cord Tissue: Private Cord Tissue Banking, Public Cord Tissue Banking
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What regions are leading the charge in the cord blood banking services market?
North America was the largest region in the cord blood banking services market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the cord blood banking services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What companies are at the forefront of innovation in the cord blood banking services market?
Major companies operating 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
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What Is Covered In The Cord Blood Banking Services Global Market Report?
•Market Size Forecast: Examine the cord blood banking services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the cord blood banking services market for a structured understanding.
•Key Players Overview: Analyze major players in the cord blood banking services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the cord blood banking services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the cord blood banking services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the cord blood banking services market.
•Industry Challenges: Identify potential risks and obstacles affecting the cord blood banking services market.
•Competitive Landscape: Review strategic developments in the cord blood banking services market, including expansions, agreements, and new product launches.
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