2025 Cord Blood Banking Services Industry Trends Report: Long-Term Outlook Through 2034

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How Large Will the Cord Blood Banking Services Market Size By 2025?
The market size for cord blood banking services has seen robust growth in recent times. Its projected growth is from $26.71 billion in 2024 to $28.66 billion in 2025, with a compound annual growth rate (CAGR) of 7.3%. This growth during the historical period can be tied back to a surge in demand for stem cell therapies, heightened government initiatives, an escalation in healthcare spending, a rise in chronic illnesses, and an elevated demand for cord blood cells.

How Big Is the Cord Blood Banking Services Market Size Expected to Grow by 2029?
The market for cord blood banking services is destined to experience robust growth in the coming years, eventually reaching an amount of $37.41 billion in 2029 with a compound annual growth rate (CAGR) of 6.9%. This surging growth during the prediction period can be credited to a rising number of autoimmune diseases, an increased incidence of cancer, emerging hematological disorders, prevalent ongoing illnesses, and a hike in genetic disorders. Key trends during this forecasted period encapsulate technological progression, cultivating innovative stem cell therapies, breakthroughs in stem cell research, enhancement in cord blood processing and storage methods, and the creation of innovative therapeutic products.

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Which Key Market Drivers Powering Cord Blood Banking Services Market Expansion and Growth?
The surge in genetic disorders is predicted to fuel the expansion of the cord blood banking services market. Genetic disorders, which are conditions resulting from DNA anomalies often brought on by gene sequence mutations or changes, are on the rise due to enhanced diagnostic technologies that boost detection rates and increased maternal age, which raises the likelihood of genetic mutations. Cord blood banking provides a beneficial stem cell source for treating genetic disorders with transplants and potential future gene therapies. For example, Gene People, a UK charity organization supporting individuals with genetic conditions, noted in June 2023 that one in every 25 children in the UK was diagnosed with a genetic disorder. This significantly affects about 30,000 newborns and young children in the country, as well as more than 2.4 million children and adults annually. Hence, the rising incidence of genetic disorders is prompting the growth of the cord blood banking services market.

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Which Fast-Growing Trends Are Poised to Disrupt the Cord Blood Banking Services Market?
Key players in the cord blood banking services market are concentrating on creating new strategies, such as establishing cord blood banking facilities, to augment the therapeutic potential and vitality of stem cells. Cord blood banking facilities are dedicated centres offering services related to storage, processing, and collection of umbilical cord blood. For example, Future Health GCC, a Sem Cells bank based in the UAE, unveiled a state-of-the-art cord blood banking facility in Dubai Healthcare City in August 2024. This facility allows families to conserve their newborn's stem cell-rich umbilical cord blood, providing a valuable resource for addressing numerous critical health disorders through a non-invasive process immediately after birth. With cutting-edge technology adhering to the utmost safety standards, this facility ensures optimal storage conditions. Collecting stem cells in this manner is more beneficial than traditional methods due to its simplicity in collection and storage, offering a convenient solution for families to protect the future health of their children.

What Are the Emerging Segments in the Cord Blood Banking Services Market?
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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Who Are the Global Leaders 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

Which are the Top Profitable Regional Markets for the Cord Blood Banking Services Industry?
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.

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