Market Overview:
The global cord blood banking service market is expected to grow at a CAGR of 9.5% from 2018 to 2030. The growth in the market can be attributed to factors such as rising incidences of chronic diseases, increasing awareness about cord blood banking, and technological advancements in the field of cord blood banking. The global cord blood banking service market is segmented on the basis of type into private cord blood banking services and public cord blood banking services. Private Cord Blood Banking Services are those where the parents store their baby’s umbilical cords for their own personal use in case they or a family member needs it in future while Public Cord Blood Banking Services are those where donated umbilical cords are made available for use by anyone who needs it. On the basis of application, the market is segmented into hospitals, research institutes, and others (including individual storage). Geographically, the global Cord Blood Banking Service Market is segmented into North America, Latin America, Europe Asia Pacific and Middle East & Africa.
Product Definition:
Cord Blood Banking Service is the process of collecting and storing umbilical cord blood for potential future use. This service can be used to treat a variety of diseases and conditions, including leukemia, lymphoma, and sickle cell anemia. Cord blood banking can be important for families who may need to use the stem cells in the future.
Private Cord Blood Banking Services:
Private cord blood banking services are those provided only for the family members who want to preserve the newborn's stem cells for future use. The service is usually done at a hospital or health center and not in a bank. These services are less expensive as compared to public banks and also provide higher quality of service due to better reimbursement policies, thus increasing its demand among consumers.
Public Cord Blood Banking Services:
Public cord blood banking services are service that is provided to the parents who want to store the stem cells of their baby’s umbilical cord for future use. The main objective of this service is to provide a safe storage facility and also help in disease treatment if needed in the future.
Application Insights:
The others application segment held the largest share of over 50.0% in 2017. This segment includes private cord blood banks and public cord blood banks. Private cord blood banking services are gaining traction as an alternative to traditional bone marrow transplantation for treating children with leukaemia or other stem cell disorders. This is because it reduces the risk of infection during surgery and allows a higher number of stem cells to be transplanted at one time, thus reducing the overall treatment time frame.
Public cord blood banking services were introduced in 1998 after a law was passed by Congress establishing a framework for its establishment in USA (Public Law 105-197). It is designed to collect, preserve and bank umbilical cords from newly born infants who have no known family members compatible enough to donate their stem cells for use by patients suffering from leukemia, lymphoma & other diseases.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing incidence of diseases that affect blood and immune system such as leukemia, lymphoma, sickle cell disease, and others. Moreover, increasing number of stem cell transplantation procedures is also expected to drive the regional market over the forecast period.
Asia Pacific region is anticipated to witness lucrative growth over the forecast period owing to rising awareness about various advanced healthcare services for newborns along with increased government initiatives for promoting public cord blood banking services in this region.
Moreover, supportive government policies are projectededto contribute significantly towards revenue generation overthe coming years from public as well as private cord blood banks within Asia Pacific countries suchas Singapore.
Growth Factors:
- Increasing awareness about the benefits of cord blood banking service is expected to drive the market growth.
- Rising number of births is another major factor that is anticipated to fuel the demand for cord blood banking service in near future.
- Increasing adoption of stem cell therapy for various diseases is also projected to propel the market growth over the forecast period.
- Growing investment by key players in research and development activities is likely to create new opportunities for market expansion in coming years.
- Technological advancements in cord blood banking services are expected to offer lucrative opportunities for market participants over next few years
Scope Of The Report
Report Attributes
Report Details
Report Title
Cord Blood Banking Service Market Research Report
By Type
Private Cord Blood Banking Services, Public Cord Blood Banking Services
By Application
Hospital, Research institute, Others
By Companies
America Cell Biobank, Inc., Banco de Cordon Umbilical (BCU), Cord Blood America, Inc., Cellpreserve, CrioCenter, Criovida, CordCell, CordVida, Redcord S.A., Banco de Celulas Stem, Cordon de Vida, Celulas Madre C.A., China Cord Blood Corporation, CBR Systems, Cordlife Group Limited, Cryo-Cell International, Lifeforce Cryobanks, NeoStem, Redcord, ViaCord, Virgin Health Bank, Singapore Cord Blood Bank
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
175
Number of Tables & Figures
123
Customization Available
Yes, the report can be customized as per your need.
Global Cord Blood Banking Service Market Report Segments:
The global Cord Blood Banking Service market is segmented on the basis of:
Types
Private Cord Blood Banking Services, Public Cord Blood Banking Services
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospital, Research institute, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- America Cell Biobank, Inc.
- Banco de Cordon Umbilical (BCU)
- Cord Blood America, Inc.
- Cellpreserve
- CrioCenter
- Criovida
- CordCell
- CordVida
- Redcord S.A.
- Banco de Celulas Stem
- Cordon de Vida
- Celulas Madre C.A.
- China Cord Blood Corporation
- CBR Systems
- Cordlife Group Limited
- Cryo-Cell International
- Lifeforce Cryobanks
- NeoStem
- Redcord
- ViaCord
- Virgin Health Bank
- Singapore Cord Blood Bank
Highlights of The Cord Blood Banking Service Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Private Cord Blood Banking Services
- Public Cord Blood Banking Services
- By Application:
- Hospital
- Research institute
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cord Blood Banking Service Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cord blood banking is a service that allows parents to store the umbilical cord blood of their newborn for future use. Cord blood contains stem cells, which can be used to treat various diseases and conditions in the future.
Some of the major companies in the cord blood banking service market are America Cell Biobank, Inc., Banco de Cordon Umbilical (BCU), Cord Blood America, Inc., Cellpreserve, CrioCenter, Criovida, CordCell, CordVida, Redcord S.A., Banco de Celulas Stem, Cordon de Vida, Celulas Madre C.A., China Cord Blood Corporation, CBR Systems, Cordlife Group Limited, Cryo-Cell International, Lifeforce Cryobanks, NeoStem, Redcord, ViaCord, Virgin Health Bank, Singapore Cord Blood Bank.
The cord blood banking service market is expected to grow at a compound annual growth rate of 9.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cord Blood Banking Service Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Cord Blood Banking Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Cord Blood Banking Service Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Cord Blood Banking Service Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Cord Blood Banking Service Market Size & Forecast, 2020-2028
4.5.1 Cord Blood Banking Service Market Size and Y-o-Y Growth
4.5.2 Cord Blood Banking Service Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Private Cord Blood Banking Services
5.2.2 Public Cord Blood Banking Services
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospital
6.2.2 Research institute
6.2.3 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cord Blood Banking Service Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cord Blood Banking Service Market Size 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 (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Private Cord Blood Banking Services
9.6.2 Public Cord Blood Banking Services
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospital
9.10.2 Research institute
9.10.3 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Private Cord Blood Banking Services
10.6.2 Public Cord Blood Banking Services
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospital
10.10.2 Research institute
10.10.3 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Private Cord Blood Banking Services
11.6.2 Public Cord Blood Banking Services
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospital
11.10.2 Research institute
11.10.3 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Private Cord Blood Banking Services
12.6.2 Public Cord Blood Banking Services
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospital
12.10.2 Research institute
12.10.3 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Private Cord Blood Banking Services
13.6.2 Public Cord Blood Banking Services
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospital
13.10.2 Research institute
13.10.3 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cord Blood Banking Service Market: Competitive Dashboard
14.2 Global Cord Blood Banking Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 America Cell Biobank, Inc.
14.3.2 Banco de Cordon Umbilical (BCU)
14.3.3 Cord Blood America, Inc.
14.3.4 Cellpreserve
14.3.5 CrioCenter
14.3.6 Criovida
14.3.7 CordCell
14.3.8 CordVida
14.3.9 Redcord S.A.
14.3.10 Banco de Celulas Stem
14.3.11 Cordon de Vida
14.3.12 Celulas Madre C.A.
14.3.13 China Cord Blood Corporation
14.3.14 CBR Systems
14.3.15 Cordlife Group Limited
14.3.16 Cryo-Cell International
14.3.17 Lifeforce Cryobanks
14.3.18 NeoStem
14.3.19 Redcord
14.3.20 ViaCord
14.3.21 Virgin Health Bank
14.3.22 Singapore Cord Blood Bank
