Global Umbilical Cord Blood Banking Market - Overview

Cord blood banking or umbilical cord blood banking is the technique of preserving blood from the mother’s umbilical cord for potential future use. Such preserved blood from the umbilical cord has its applications in medical therapies of similar approach to that of preserving of stem cells. The preserving of cord blood or simply umbilical blood banking is done for being able to use the cord blood stem cells in future for medicinal purpose or for re-populating blood and providing treatment for wide range of medical conditions. The blood from umbilical cord is known to be a possible source of progenitor cells. These cells are used for tissue reconstruction, reconstruction of organ and other operational areas.

It was in the year 1988 when the first successful umbilical cord blood transplantation procedure was performed successfully. Since then several thousands of transplants of unrelated donor cord blood have taken place across the globe. The umbilical cord blood transplantation is being suggested for the treatment of wide range of diseases that include different conditions such as lymphoma, immunity related conditions, leukemia, sarcoma, and even some metabolic diseases. The first ever umbilical cord blood banking institute was set up in 1991. In the same decade since then, several private as well as public umbilical blood banks became operational across the globe.

Transparency Market Research has now come up with a new research report that provides a detailed information about the overall working dynamics of the global umbilical cord blood banking market. As per the findings of the research report, the global market was initially valued at US$3,124.4 Mn in 2016. The market is projected to showcase a highly promising CAGR of 11.4% over the given period of forecast ranging from 2017 to 2025. Given this rate of development, the valuation of the umbilical cord blood banking market is expected to rise up to US$8,178.1 Mn by the fall of 2025.

In terms of type of storage, the global market for umbilical cord blood banking was primarily dominated by the segment of private cord blood banks. The segment nearly accounted for 65% of the overall market share in 2016. The segment of private cord blood banks provides storage of cord blood for the personal use of the donor’s family and charges for the storage. Typically, the average cost of processing, testing, and storing umbilical cord blood in these private banks is approximately US$1,500 with an additional US$150 charge per year for continuation of storage. 

umbilical cord blood banking market

Private Cord Blood Banks Have Huge Advantage

In spite of such huge costs, this segment of private cord blood banks has been dominant in the global market and are projected to remain so in the coming years of the forecast period. The segment is projected to witness an eye-catching CAGR of 12.5% for the given period of assessment. There is a wide range of factors that is helping to drive the growth of the segment. Some of the key driving factors are complete rights of ownership are with the donor, flexible sites for collection, and secured and assured access to one’s cells. Such factors provide significant advantage and glamor to the segment due to which more and more people are getting interested in donating umbilical cord blood in such institutes over public banks.

Based on application, the global market for umbilical cord blood banking is being segmented into osteoporosis, immune disorders, metabolic disorders, blood disorders, and cancers. Of these, the segment of cancers and blood disorders are projected to have a highly promising growth in the coming years of the forecast period. With increasing research on oncology and treatment of cancer, study umbilical cord blood is expected to hold key for the future. Naturally, the segment of cancer is expected to have a strong development rate in the near future. Furthermore, with prevalence of blood disorders and the properties of cord blood to tackle the same is expected to help the development of the blood diseases segment.

In terms of end user, the global umbilical cord blood banking is segmented into hospitals, pharmaceutical research, and research institutes.

North America to Remain Dominant Market

Based on the geographical segmentation, the global umbilical cord blood banking market is segmented into five key regions. These regions are North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Of these, currently, the global market is being dominated by the regional segment of North America. The regional segment accounted for nearly 38.2% of the overall market share in 2016. The North America market is projected to witness a constant growth curve in the coming years of the forecast period. This growth of the market is mainly due to the growing demand for preserving cord blood for research and studies. The US market alone accounts for nearly 83.8% share of the entire North America market in 2016 then followed by Canada. Presence of a highly developed and well settled healthcare infrastructure is key for the market growth in the US.

On the other hand, the regional segment of Asia Pacific is expected to witness a promising rate of growth in the coming years of the forecast period with increasing demand from emerging economies. Increasing awareness, busting of long-held taboo, and overhaul of medical infrastructures in these countries are some of the key factors in driving regional growth.

Some of the leading players operating in the global umbilical cord blood banking market are CBR Systems, Inc., ViaCord Inc., China Cord Blood Corporation, Cord Blood America, Inc., Cryo-Cell International, Inc., Cryo-Save AG, Cordlife Group Ltd., Vita 34 AG, LifeCell, and StemCyte Inc.

Global Umbilical Cord Blood Banking Market: Overview

This report on umbilical cord blood banking market studies the current as well as future prospects of the market globally. The stakeholders of this report include companies and intermediaries engaged in the manufacture, commercialization, providing storage services of umbilical cord blood storage such as public cord blood banks and private cord blood banks as well as new entrants planning to enter this market. This report comprises an elaborate executive summary along with a market snapshot providing overall information of various segments and sub-segments considered in the scope of the study. This section also provides the overall information and data analysis of the global umbilical cord blood banking market with respect to the leading market segments based on type of storage, major application segment, end-user, and geographies.

Global Umbilical Cord Blood Banking Market: Segmentation

Based on type of storage, the umbilical cord blood banking market has been majorly segmented into: public cord blood banks and private cord blood banks. In terms of application, the umbilical cord blood banking market divided into cancers, blood disorders, metabolic disorders, immune disorders, osteopetrosis, and others. In terms of end-users, the umbilical cord blood banking market has been broadly classified into hospitals (Medical Applications), pharmaceutical research (Drug Discovery), and research institutes (Scientific Research).

Each of the market segments have been extensively analyzed based on the market related factors such as increasing adoption rate of umbilical cord blood banking and stem cell therapy, technological advancement, and growing number of use of stem cells therapy in various applications. Moreover, historical year-on-year growth have been taken into consideration while estimating the market size. The market size and forecast in terms of US$ million for each segment has been provided for the period from 2015 to 2025. The report also provides the compound annual growth rate (CAGR %) for each market segment for the forecast period from 2017 to 2025, considering 2016 as the base year.

Global Umbilical Cord Blood Banking Market: Scope of Report

The market overview section of the report explores the market dynamics such as drivers, restraints, and opportunities that currently have a strong impact on the Umbilical Cord Blood Banking Market and could influence the market in the near future. Market attractiveness analysis has been provided in the market overview section in order to explain the intensity of competition in the market across different geographies. The competitive scenario among different market players is evaluated through market share analysis in the competitive landscape section of the report. All these factors would help market players to take strategic decisions in order to strengthen their positions and expand their shares in the global Umbilical Cord Blood Banking Market.

Global Umbilical Cord Blood Banking Market: Regional Outlook

Geographically, umbilical cord blood banking market has been segmented into five major regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market size and forecast for each of these regions has been provided for the period from 2015 to 2025, along with their respective CAGRs for the forecast period from 2017 to 2025, considering 2016 as the base year. The report also provides with market size and forecast for major countries in the respective regions. A detailed qualitative analysis of factors responsible for driving and restraining the market growth and future opportunities has been provided in the market overview section. This section of the report also provides with market attractiveness analysis, porter’s five forces analysis, and market share analysis by key players, thus presenting a thorough analysis of the overall competitive scenario in the global umbilical cord blood banking market.

Companies Mentioned in Report

The key findings section included in the report would assist existing market players in expanding their market shares, and new companies in establishing their presence in the global umbilical cord blood banking market. The report also profiles key players operating in the umbilical cord blood banking market which are CBR Systems, Inc., ViaCord Inc., China Cord Blood Corporation, Cord Blood America, Inc., Cryo-Cell International, Inc., Cryo-Save AG, Cordlife Group Ltd., Vita 34 AG, LifeCell, StemCyte Inc., and other prominent companies.

The global umbilical cord blood banking market is segmented as follows:

by Type of Storage

  • Public Cord Blood Banks
  • Private Cord Blood Banks

by Application

  • Cancers
  • Blood Disorders
  • Metabolic Disorders
  • Immune Disorders
  • Osteopetrosis
  • Others

by End-user

  • Hospitals (Medical Applications)
  • Pharmaceutical Research (Drug Discovery)
  • Research Institutes (Scientific Research)

by Geography

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • U.K.
    • France
    • Italy
    • Spain
    • Rest of the Europe
  • Asia Pacific
    • China
    • Japan
    • Australia & New Zealand
    • Rest of Asia
  • Latin America (LATAM)
    • Brazil
    • Mexico
    • Rest of LATAM
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

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