Press release
2025 Stem Cell/Cord Blood Banking Market Outlook: Key Indicators Shaping Growth Through 2034
Stem Cell/Cord Blood Banking
What Will the Stem Cell/Cord Blood Banking Industry Market Size Be by 2025?
In recent times, the stem cell/cord blood banking market has seen significant growth. The market is projected to expand from $12.26 billion in 2024 to $13.36 billion in 2025, with a compound annual growth rate (CAGR) of 9.0%. Factors like medical advancements, heightened awareness, positive clinical applications, regulatory backing, and research funding have contributed to this growth during the historic period.
What's the Long-Term Growth Forecast for the Stem Cell/Cord Blood Banking Market Size Through 2029?
In the coming years, a swift expansion is anticipated in the stem cell/cord blood banking market, predicted to reach $21.78 billion in 2029 with a compound annual growth rate (CAGR) of 13.0%. This growth during the projected period is due to factors such as personalized medicine, the development of new therapies, international growth, investment in biotechnological research, and the legal and ethical structure. Key trends forecasted for this period include non-invasive collection procedures, a range of banking services, transparency and regulation, cooperative endeavors, and innovations in storage.
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What Are the Key Growth Drivers Fueling the Stem Cell/Cord Blood Banking Market Expansion?
The stem cell/cord blood banking market is significantly driven by the rising number of cancer patients. Techniques to treat cancer diseases like leukemia and multiple myeloma encompass stem cell transplants. These transplants can either be autologous, where the stem cells are obtained from the patient undergoing the transplant, or allogeneic, where a donor, related or unrelated, provides the stem cells. Through stem cell application in cancer therapy, the blood-forming stem cells damaged during chemotherapy can be replenished. Coupled with this, in January 2023, the American Cancer Society stated that the count of cancer cases surged to 1,958,310, marking a 3.16% growth from 1,898,160 reported in 2021. Therefore, the escalating number of cancer patients propels the expansion of the stem cell/cord blood banking market.
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What Are the Key Trends Driving Stem Cell/Cord Blood Banking Market Growth?
The combination of cord blood and tissue storage with genetic testing services is a rising trend in the stem cell/cord blood banking industry. This combination is feasible and productive due to its supportive services to the current clientele, thus assisting in broadening their product range. To illustrate, Natera, a genetic testing firm, introduced the Evercord service which allows prospective parents to gather, secure and potentially use their newborn's cord blood and tissue for therapeutic purposes in transplantation and regenerative medicine practices.
How Is the Stem Cell/Cord Blood Banking Market Segmented?
The stem cell/cord blood banking market covered in this report is segmented -
1) By Cell Type: Adult Stem Cells, Umbilical Cord Blood Stem Cells, Embryonic Stem Cells
2) By Service: Collection, Processing, Analysis, Storage
3) By Bank Type: Public, Private
4) By Application: Leukemia, Anemia, Thalassemia, Autism, Cerebral Palsy, Diabetes, Other Applications
Subsegments:
1) By Adult Stem Cells: Hematopoietic Stem Cells (HSC), Mesenchymal Stem Cells (MSC), Neural Stem Cells (NSC), Induced Pluripotent Stem Cells (iPSCs)
2) By Umbilical Cord Blood Stem Cells: Hematopoietic Stem Cells (HSC) From Cord Blood, Mesenchymal Stem Cells (MSC) From Cord Blood
3) By Embryonic Stem Cells: Embryonic Stem Cells (ESCs) From Human Embryos, Stem Cells Derived From Human Embryonic Germ Cells
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Which Companies Are Leading the Charge in Stem Cell/Cord Blood Banking Market Innovation?
Major companies operating in the stem cell/cord blood banking market include AMAG Pharmaceuticals Inc., Cryo-Cell International Inc., Esperite NV, Americord Registry LLC, China Cord Blood Corporation, Cordlife Group Ltd., CordVida, Cryo Stemcell, PerkinElmer Inc., ReeLabs Pvt Ltd., Smart Cells International Ltd., Stemade Biotech Pvt Ltd., ViaCord Inc., Americord Registry LLC, LifeCell International, Cryoviva Biotech Pvt Ltd., Cytori Therapeutics Inc., Thermo Fisher Scientific Inc., Cord Blood America Inc., StemCyte Inc., Brainstorm Cell Therapeutics Inc., Cord Blood Registry Systems Inc., Healthbanks Biotech Usa Inc., Cryo-save Private Ltd., New York Cord Blood Center, CryoHoldco, Vita 34 International AG, Reliance Life Sciences Pvt Ltd., Maze Cord Blood Laboratories, Cells4Life Group LLP
Which Regions Are Leading the Global Stem Cell/Cord Blood Banking Market in Revenue?
North America was the largest region in the stem cell/cord blood banking market in 2023. Western Europe was the second largest region in the stem cell/cord blood banking market analysis. The regions covered in the stem cell/cord blood banking market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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