Press release
India Cord Blood Banking Market Expected to Rise at CAGR of 5.20% during 2025-2033
The India cord blood banking market size reached USD 33.71 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 55.30 Million by 2033, exhibiting a growth rate (CAGR) of 5.20% during 2025-2033.
Report Attribute and Key Statistics:
Base Year: 2024
Forecast Years: 2025-2033
Historical Years: 2019-2024
Market Size in 2024: USD 33.71 Million
Market Forecast in 2033: USD 55.30 Million
Market Growth Rate (2025-2033): 5.20%
India Cord Blood Banking Market Overview:
The Indian cord blood banking market is witnessing rapid growth, fueled by growing demand for regenerative medicine and individualized therapy. With the applications of stem cells increasing even more, the market is evolving with greater participation of public as well as private biobanks. Enhanced accessibility of healthcare and growing medical awareness are convincing more families to bank cord blood. Concurrently, favorable policy climates and expanding maternal healthcare facilities are strengthening institutional collaborations in the sector. With ongoing investment in clinical research and infrastructure, India is well on its way to emerging as a credible hub for innovative biobanking solutions and long-term therapeutic uses.
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India Cord Blood Banking Market Trends and Drivers:
The industry is also witnessing major trends like accelerated technological developments in cryopreservation, expanding awareness drives, and digitalization of biobank operations. Private cord blood banks are leading the way with flexible storage plans and genetic screening services to entice city-based consumers. Furthermore, partnerships between biotech companies and research institutions are fueling clinical approval of stem cell treatments in oncology, neurology, and the treatment of rare diseases. With the market moving toward personalized medicine, applications of AI-enabled analytics and blockchain for data security are catching pace. These trends are supporting the credibility, transparency, and sustainable viability of the market.
The following factors are fueling the growth of the market, including the increasing occurrence of genetic and chronic diseases, increasing birth rates in urban areas, and improved insurance coverage of advanced therapies. Successful government policies favoring stem cell research and prenatal care are creating a favorable policy environment. Growth in disposable income and awareness on the part of expectant parents are fueling voluntary participation in cord blood banking schemes. The market is further being fueled by increased diagnostic capabilities, more fertility clinics, and international accreditation of Indian biobanks. Overall, all these factors put together are enabling participants to fuel intense market penetration and long-term adoption of services.
Browse Full Report with TOC & List of Figures: https://www.imarcgroup.com/india-cord-blood-banking-market
Key Growth Drivers of the Report:
• Rising awareness of stem cell-based therapies among expecting parents
• Technological advancements in cryopreservation and stem cell processing
• Strong government support for biobanking and regenerative medicine research
• Expansion of private healthcare services and fertility centers
• Increasing investments in both public and private cord blood banks
India Cord Blood Banking Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on service, component, application, and sector.
Service Insights:
• Sample Preservation and Storage
• Sample Analysis
• Sample Processing
• Sample Collection and Transportation
Component Insights:
• Cord Blood
• Cord Tissue
Application Insights:
• Cancer Disease
• Diabetes
• Blood Disease
• Immune Disorders
• Metabolic Disorders
• Others
Sector Insights:
• Public Cord Blood Banks
• Private Cord Blood Banks
Regional Insights:
• North India
• South India
• East India
• West India
Competitive Landscape:
The market research report has also offered an overall analysis of the competitive landscape. Competitive analyses such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant have been included in the report. Detailed profiles of all leading companies have also been included.
India Cord Blood Banking Market News:
• In February 2024, STEMCELL Technologies purchased SQZ Biotechnologies' assets, such as more than 400 patents, improving the methods of delivering cell therapy to advance stem cell research and treatment. This is a strategic move that will revolutionize regenerative medicine and treatments for diseases such as cancer and will benefit the global and Indian cord blood banking industries.
• In September 2023, India's foremost leader in community cord blood stem cell banking, Life Cell International, revealed that its Community Banking Registry has been extended to more than 75,000 high-quality, consented cord blood units. Such a milestone increases the pool of stem cells available for treatment of more than 90 life-threatening blood disorders.
Note: 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.
Ask an analyst for your customized sample: https://www.imarcgroup.com/request?type=report&id=31273&flag=C
Contact Us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: Sales@imarcgroup.com
Tel. No.: (D) +91 120 433 0800
Americas: - +1 631 791 1145 | Asia: +91-120-433-0800 | UK: +44-753-714-6104
About Us:
IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provides a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.
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