• According to Transparency Market Research’s latest report on the global cord blood banking services market for the historical period 2017–2018 and forecast period 2019–2027, high incidence of genetic disorders, increasing governments funding are projected to drive the global cord blood banking services market during the forecast period
  • According to the report, the global cord blood banking services market was valued at US$ 25.8 Bn in 2018 and is anticipated to expand at a CAGR of 10.9% from 2019 to 2027
core blood banking services market revenue share by region

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High Incidence of Genetic Disorders and Increase in Government Funding are Likely to Drive the Market Growth: Key Drivers

  • Cord blood banking services are majorly used in the treatment of genetic disorders like cancer and others. High incidence of different type of cancer is likely to fuel the growth of cord blood banking services market. In recent year, the increase in number of patients with lymphoma, leukemia, immune conditions, and sarcoma in countries like U.S., China, India and European Countries. According to World Health Organization, around 509,590 new Non-Hodgkin lymphoma cases found in 2018 and 248,724 death occurred due to Non-Hodgkin lymphoma. Increasing number of people with cancer is fuel the demand for cord blood banking services.
  • Increasing government funding is another major factor for drive the growth of coed blood banking market during forecasted period. In 2019, National Institute of health invested 38 Mn fund for umbilical cord blood cell research.

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Rise in Awareness about Stem Cell Therapy Along with Adoption of Cord Blood Banking Boost Market Growth

  • Creating awareness among the parental population globally by effectively communicating and educating them about the process and benefits of cord blood banking and the importance of stem cell therapy is expected to drive the market growth for cord blood banking.
  • Rise in awareness among the expectant parents in the U.S., Europe, and other developed regions has led to high growth of cord blood banking in these regions. Complexity of the cord blood banking process and high costs are not in compliance for customers in developing regions. Many government organizations and private players are initiating the awareness programs in emerging countries such as Brazil, China, and India.

High Cost and Stringent Rules and Regulations to Hamper Market

  • The collection of cord blood is observed to be painless and safe for both the child and mother, cost of private banking can pose as a major hurdle in adoption of this service, especially in the developing and underdeveloped countries. The average cost for collection, testing, and processing of cord blood units is approximately US$ 1,600 with the recurring annual charges of approximately US$ 150. Such chargeable services include testing for infectious diseases, typing, and contamination.
  • Stringent Rules and Regulations for cord blood banking services is another major factor for hamper the growth of this market.

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Global Cord Blood Banking Services Market: Competitive Landscape

  • This report profiles major players in the global cord blood banking services market based on various attributes such as company overview, financial overview, product portfolio, business strategies, and recent developments
  • The global cord blood banking services market is highly fragmented, with the presence of a number of international as well as regional players
  • Leading players operating in the global cord blood banking services market are
    • Global Cord Blood Corporation
    • California Cryobank Stem Cell Services LLC, Inc.
    • CBR Systems, Inc.
    • Cordlife Group Limited
    • Cryo-Cell International, Inc
    • Cryo-Save AG
    • Lifeforce Cryobanks
    • National Cord Blood Program
    • ViaCord, Inc.
    • Virgin Health Bank 

Global Cord blood banking services Market: Key Developments

Key players in the global cord blood banking services market are engaged in regulatory approvals, technologically advanced products, launch of new products, and acquisition & collaborative agreements with other companies. These strategies are likely to fuel the growth of the global cord blood banking services market. A few expansion strategies adopted by players operating in the global cord blood banking services market are:

  • In June 2020, Cryo-Cell International, Inc. entered into a patent option agreement with Duke University for to develop novel cord blood and birthing tissue based cellular therapeutics.
  • In May 2018, California Cryobank Stem Cell Services LLC acquires Cord Blood America Inc. for business expansion
  • In 2017, the Cord Blood Registry (CBR) Systems collaborated with the New York Stem Cell Foundation (US) to develop induced pluripotent stem cells from umbilical cords.

The report on the global cord blood banking services market discussed individual strategies, followed by company profiles of cord blood banking services providers. The competitive landscape section has been included in the report to provide readers with a dashboard view and a company market share analysis of key players operating in the global cord blood banking services market.

Global Cord Blood Banking Services Market - Segmentation

Type

Private Cord Blood Bank

Public Cord Blood Bank

Region

North America

Europe

Asia Pacific

Latin America

Middle East & Africa

Frequently Asked Questions

Cord blood banking services market to reach US$ 64.7 Mn by 2027

Cord blood banking services market is anticipated to expand at a CAGR of 10.9% from 2019 to 2027

Cord blood banking services market is driven by rise in awareness about stem cell therapy along with adoption of cord blood banking

The private cord blood bank segment dominated the global cord blood banking services market and the trend is projected to continue during the forecast period

Key players in the global cord blood banking services market include Global Cord Blood Corporation, California Cryobank Stem Cell Services LLC, Inc., CBR Systems, Inc., Cordlife Group Limited, Cryo-Cell International, Inc

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Cord Blood Banking Services Market

4. Market Overview

    4.1. Introduction

        4.1.1. Type Definition

        4.1.2. Industry Evolution / Developments

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Cord Blood Banking Services Market Analysis and Forecast, 2017–2027

        4.4.1. Market Revenue Projections (US$ Mn)

5. Key Insights

    5.1. Regulatory Status for Using Cord Blood Banking 

    5.2. List of Cord Blood Bank, by Country

    5.3. COVID-19 Pandemics Impact on Industry (Value Chain and Short / Mid / Long Term Impact)

6. Global Cord Blood Banking Services Market Analysis and Forecast, by Type

    6.1. Introduction & Definition

        6.1.1. Key Findings / Developments

    6.2. Global Cord Blood Banking Services Market Value Forecast, by Type, 2017–2027

        6.2.1. Public Cord Blood Bank

        6.2.2. Private Cord Blood Bank

    6.3. Global Cord Blood Banking Services Market Attractiveness, by Type

7. Global Cord Blood Banking Services Market Analysis and Forecast, by Region

    7.1. Key Findings

    7.2. Global Cord Blood Banking Services Market Value Forecast, by Region

        7.2.1. North America 

        7.2.2. Europe 

        7.2.3. Asia Pacific 

        7.2.4. Latin America 

        7.2.5. Middle East & Africa 

    7.3. North America Cord Blood Banking Services Market Attractiveness, by Region

8. North America Cord Blood Banking Services Market Analysis and Forecast

    8.1. Introduction

        8.1.1. Key Findings

    8.2. North America Cord Blood Banking Market Value Share Analysis, by Type

    8.3. North America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

        8.3.1. Public Cord Blood Bank

        8.3.2. Private Cord Blood Bank

    8.4. North America Cord Blood Banking Market Value Share Analysis, by Country

    8.5. North America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country, 2017–2027

        8.5.1. U.S.

        8.5.2. Canada

    8.6. North America Cord Blood Banking Services Market Attractiveness Analysis 

        8.6.1. By Type

        8.6.2. By Country

9. Europe Cord Blood Banking Services Market Analysis and Forecast

    9.1. Introduction

        9.1.1. Key Findings

    9.2. Europe Cord Blood Banking Market Value Share Analysis, by Country

    9.3. Europe Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

        9.3.1. Public Cord Blood Bank

        9.3.2. Private Cord Blood Bank

    9.4. Europe Cord Blood Banking Market Value Share Analysis, by Country

    9.5. Europe Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        9.5.1. Germany

        9.5.2. U.K.

        9.5.3. France

        9.5.4. Spain

        9.5.5. Italy

        9.5.6. Rest of Europe 

    9.6. Europe Cord Blood Banking Services Market Attractiveness Analysis 

        9.6.1. By Type

        9.6.2. By Country/Sub-region

10. Asia Pacific Cord Blood Banking Services Market Analysis and Forecast

    10.1. Introduction

        10.1.1. Key Findings

    10.2. Asia Pacific Cord Blood Banking Market Value Share Analysis, by Type

    10.3. Asia Pacific Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

        10.3.1. Public Cord Blood Bank

        10.3.2. Private Cord Blood Bank

    10.4. Asia Pacific Cord Blood Banking Market Value Share Analysis, by Country

    10.5. Asia Pacific Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        10.5.1. China

        10.5.2. Japan

        10.5.3. India

        10.5.4. Australia & New Zealand

        10.5.5. Rest of Asia Pacific 

    10.6. Asia Pacific Cord Blood Banking Services Market Attractiveness Analysis 

        10.6.1. By Type

        10.6.2. By Country/Sub-region

11. Latin America Cord Blood Banking Services Market Analysis and Forecast

    11.1. Introduction

        11.1.1. Key Findings

    11.2. Latin America Cord Blood Banking Market Value Share Analysis, by Type

    11.3. Latin America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

        11.3.1. Public Cord Blood Bank

        11.3.2. Private Cord Blood Bank

    11.4. Latin America Cord Blood Banking Market Value Share Analysis, by Country/Sub-region

    11.5. Latin America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        11.5.1. Brazil

        11.5.2. Mexico

        11.5.3. Rest of Latin America Latin America 

    11.6. Latin America Cord Blood Banking Services Market Attractiveness Analysis 

        11.6.1. By Type

        11.6.2. By Country/Sub-region

12. Middle East & Africa Cord Blood Banking Services Market Analysis and Forecast

    12.1. Introduction

        12.1.1. Key Findings

    12.2. Middle East & Africa Cord Blood Banking Market Value Share Analysis, by Type

    12.3. Middle East & Africa Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

        12.3.1. Public Cord Blood Bank

        12.3.2. Private Cord Blood Bank

    12.4. Middle East & Africa Cord Blood Banking Market Value Share Analysis, by Country/Sub-region

    12.5. Middle East & Africa Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

        12.5.1. GCC Countries

        12.5.2. South Africa

        12.5.3. Rest of Middle East & Africa 

    12.6. Middle East & Africa Cord Blood Banking Services Market Attractiveness Analysis 

        12.6.1. By Type

        12.6.2. By Country/Sub-region

13. Competition Landscape

    13.1. Market Player - Competition Matrix (by Tier and Size of companies)

    13.2. Market Share / Position Analysis, by Company, 2019

    13.3. Company Profiles

        13.3.1. Global Cord Blood Corporation.

            13.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.1.2. Growth Strategies

            13.3.1.3. SWOT Analysis

        13.3.2. California Cryobank Stem Cell Services LLC 

            13.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.2.2. Growth Strategies

            13.3.2.3. SWOT Analysis

        13.3.3. CBR Systems, Inc.

            13.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.3.2. Growth Strategies

            13.3.3.3. SWOT Analysis

        13.3.4. Cordlife Group Limited. 

            13.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.4.2. Growth Strategies

            13.3.4.3. SWOT Analysis

        13.3.5. Cryo Cell International, Inc.

            13.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.5.2. Growth Strategies

            13.3.5.3. SWOT Analysis

        13.3.6. Cryo-Save AG. 

            13.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.6.2. Growth Strategies

            13.3.6.3. SWOT Analysis 

        13.3.7. Lifeforce Cryobanks 

            13.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.7.2. Growth Strategies

            13.3.7.3. SWOT Analysis

        13.3.8. National Cord Blood Program 

            13.3.8.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.8.2. Growth Strategies

            13.3.8.3. SWOT Analysis

        13.3.9. ViaCord, Inc.

            13.3.9.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.9.2. Growth Strategies

            13.3.9.3. SWOT Analysis

        13.3.10. Virgin - Health Bank 

            13.3.10.1. Company Overview (HQ, Business Segments, Employee Strength)

            13.3.10.2. Growth Strategies

            13.3.10.3. SWOT Analysis

List of Table

Table 1 Global Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

Table 2 Global Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Region, 2017–2027

Table 3 North America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

Table 4 North America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 5 Europe Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

Table 6 Europe Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 7 Asia Pacific Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

Table 8 Asia Pacific Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 9 Latin America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

Table 10 Latin America Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

Table 11 Middle East & Africa Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Type, 2017–2027

Table 12 Middle East & Africa Cord Blood Banking Services Market Value (US$ Mn) Forecast, by Country/Sub-region, 2017–2027

List of Figure

Figure 1 Global Cord Blood Banking Services Market Value (US$ Mn) and Distribution (%), by Region, 2018 and 2027

Figure 2 Global Cord Blood Banking Services Market Value (US$ Mn) and Forecast, 2019–2027

Figure 3 Global Cord Blood Banking Services Market Value Share (%), by Type, 2018

Figure 4 Global Cord Blood Banking Services Market Value Share (%), by Region, 2018

Figure 5 Global Cord Blood Banking Services Market Value Share Analysis, by Type, 2018 and 2027

Figure 6 Global Cord Blood Banking Services Market Attractiveness, by Type, 2019–2027

Figure 7 Global Cord Blood Banking Services Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Private Cord Blood Bank, 2017–2027

Figure 8 Global Cord Blood Banking Services Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Public Cord Blood Bank, 2017–2027

Figure 9 Global Cord Blood Banking Services Market Value Share, by Region, 2018 and 2027 

Figure 10 Global Cord Blood Banking Services Market Attractiveness, by Region, 2019–2027

Figure 11 North America Cord Blood Banking Services Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2027

Figure 12 North America Cord Blood Banking Services Market Value Share Analysis, by Type, 2018 and 2027

Figure 13 North America Cord Blood Banking Services Market Attractiveness, by Type, 2019–2027

Figure 14 North America Cord Blood Banking Services Market Value Share Analysis, by Country, 2018 and 2027

Figure 15 North America Cord Blood Banking Services Market Attractiveness, by Country, 2019–2027

Figure 16 Europe Cord Blood Banking Services Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2027

Figure 17 Europe Cord Blood Banking Services Market Value Share Analysis, by Type, 2018 and 2027

Figure 18 Europe Cord Blood Banking Services Market Attractiveness, by Type, 2019–2027

Figure 19 Europe Cord Blood Banking Services Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 20 Europe Cord Blood Banking Services Market Attractiveness, by Country/Sub-region, 2019–2027

Figure 21 Asia Pacific Cord Blood Banking Services Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2027

Figure 22 Asia Pacific Cord Blood Banking Services Market Value Share Analysis, by Type, 2018 and 2027

Figure 23 Asia Pacific Cord Blood Banking Services Market Attractiveness, by Type, 2019–2027

Figure 24 Asia Pacific Cord Blood Banking Services Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 25 Asia Pacific Cord Blood Banking Services Market Attractiveness, by Country/Sub-region, 2019–2027

Figure 26 Latin America Cord Blood Banking Services Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2027

Figure 27 Latin America Cord Blood Banking Services Market Value Share Analysis, by Type, 2018 and 2027

Figure 28 Latin America Cord Blood Banking Services Market Attractiveness, by Type, 2019–2027

Figure 29 Latin America Cord Blood Banking Services Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 30 Latin America Cord Blood Banking Services Market Attractiveness, by Country/Sub-region, 2019–2027

Figure 31 Middle East & Africa Cord Blood Banking Services Market Value (US$ Mn) Forecast and Y-o-Y Growth (%) Projection, 2017-2027

Figure 32 Middle East & Africa Cord Blood Banking Services Market Value Share Analysis, by Type, 2018 and 2027

Figure 33 Middle East & Africa Cord Blood Banking Services Market Attractiveness, by Type, 2019–2027

Figure 34 Middle East & Africa Cord Blood Banking Services Market Value Share Analysis, by Country/Sub-region, 2018 and 2027

Figure 35 Middle East & Africa Cord Blood Banking Services Market Attractiveness, by Country/Sub-region, 2019–2027

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Cord Blood Banking Services Market