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    Cord Blood Banking Services Market

    ID: MRFR/HS/4361-HCR
    100 Pages
    Rahul Gotadki
    October 2025

    Cord Blood Banking Services Market Research Report Information by Storage Service (public cord blood banks, private cord blood banks, and hybrid cord blood banks), by Component (Cord blood and cord tissue), by Application (cancer, blood disorders, metabolic disorders, immune disorders, and others), by End User (hospitals, pharmaceutical research, and research institutes), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) - Forecast Till 2035

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    Cord Blood Banking Services Market Summary

    As per Market Research Future Analysis, the Global Cord Blood Banking Services Market was valued at USD 1.60 billion in 2024 and is projected to reach USD 6.67 billion by 2035, growing at a CAGR of 13.85% from 2025 to 2035. The market growth is driven by the increasing incidence of autoimmune diseases and rising awareness of the therapeutic potential of stem cells. The FDA's approval of the 'HPC-Cord Blood' product in 2022 further supports market expansion. Strategic alliances, such as Cryo-Cell International's acquisition of its institute for cellular therapies, are also contributing to the market's growth.

    Key Market Trends & Highlights

    Key trends driving the market include rising awareness of stem cell therapies and strategic partnerships.

    • The private cord blood banks segment is expected to register the highest CAGR from 2024 to 2032 due to chronic disease occurrences.
    • The cancer application segment dominated the market in 2023 and is projected to grow faster during 2024-2032, with 18.1 million cancer cases reported in 2020.
    • North America accounted for the largest market share in 2023, supported by well-developed healthcare infrastructure and rising healthcare expenditure.
    • The Asia-Pacific market is expected to grow significantly from 2024 to 2032, with China holding the largest market share in the region.

    Market Size & Forecast

    2024 Market Size USD 1.60 Billion
    2035 Market Size USD 6.67 Billion
    CAGR (2024-2035) 13.85%

    Major Players

    Americord Registry LLC (US), CordVida (Brazil), Cryo-cell International, Inc. (US), Norton Healthcare, Inc. (US), ViaCord, Inc. (US), Cordlife Group Limited (Singapore), CBR Systems, Inc. (US), Virgin Health Bank (UK), Lifeforce Cryobanks (US), StemCyte, Inc. (India)

    Cord Blood Banking Services Market Trends

    Increasing awareness regarding the tremendous therapeutic potential of stem cells boosts market growth.

    The increasing awareness regarding the tremendous therapeutic potential of stem cells is spurring the growth of the market. Currently, the use of stem cells is rising in numerous diseases, such as chronic diseases and traumatic injuries, owing to irreparable damage. The irreparable damage can be at the end of the fingertip, where stem cells have the ability to regenerate the damaged tissues. Moreover, diseases such as liver failure or diabetes show high prevalence worldwide, which is driving the market's growth.

    For instance, as per the Diabetes Atlas 2021, there were 537 million adults living with diabetes, and it was predicted to reach 783 million by 2045.

    The increasing awareness of the therapeutic potential of cord blood stem cells is driving a notable rise in the demand for cord blood banking services, as families seek to secure future health options for their children.

    U.S. Department of Health and Human Services

    Cord Blood Banking Services Market Drivers

    Market Growth Projections

    The Global Cord Blood Banking Services Market Industry is poised for substantial growth, with projections indicating an increase in market value from 1.6 USD Billion in 2024 to approximately 6.66 USD Billion by 2035. This remarkable growth trajectory suggests a compound annual growth rate (CAGR) of 13.84% from 2025 to 2035, reflecting the increasing demand for cord blood banking services. Factors contributing to this growth include rising awareness of the benefits of cord blood, advancements in storage technology, and the growing incidence of chronic diseases. Such projections highlight the market's potential and the evolving landscape of healthcare solutions.

    Globalization of Healthcare Services

    The globalization of healthcare services is a key driver of the Global Cord Blood Banking Services Market Industry, facilitating access to advanced medical technologies and treatments across borders. As healthcare systems worldwide become more interconnected, families are increasingly aware of the benefits of cord blood banking, not only for local use but also for potential international applications. This trend is likely to enhance market growth, as families seek to secure the best possible health outcomes for their children. The anticipated CAGR of 13.84% from 2025 to 2035 suggests that the market will continue to expand, driven by the increasing integration of global healthcare practices.

    Rising Incidence of Chronic Diseases

    The Global Cord Blood Banking Services Market Industry is significantly influenced by the rising incidence of chronic diseases, which has heightened the demand for innovative treatment options. As conditions such as leukemia, lymphoma, and other genetic disorders become more prevalent, the potential for cord blood-derived stem cells to provide therapeutic solutions becomes increasingly relevant. This growing need for alternative treatments is likely to drive families to consider cord blood banking as a proactive health measure. The market's expansion reflects this trend, with projections indicating a substantial increase in value, potentially reaching 6.66 USD Billion by 2035.

    Regulatory Support and Standardization

    Regulatory frameworks and standardization efforts contribute to the stability and growth of the Global Cord Blood Banking Services Market Industry. Governments and health organizations are increasingly establishing guidelines that ensure the safety and efficacy of cord blood banking practices. This regulatory support fosters consumer trust and encourages more families to consider cord blood banking as a secure option. As the market evolves, adherence to these regulations is likely to enhance operational standards across the industry, potentially leading to a compound annual growth rate (CAGR) of 13.84% from 2025 to 2035. Such growth underscores the importance of regulatory compliance in shaping market dynamics.

    Increasing Awareness of Cord Blood Benefits

    The Global Cord Blood Banking Services Market Industry experiences growth driven by heightened awareness among expectant parents regarding the advantages of cord blood banking. Educational initiatives and outreach programs have been instrumental in disseminating information about the potential uses of cord blood in treating various diseases, including certain cancers and genetic disorders. As of 2024, the market is valued at approximately 1.6 USD Billion, reflecting a growing recognition of the importance of preserving stem cells for future medical applications. This trend is likely to continue, as more families consider cord blood banking as a viable option for safeguarding their children's health.

    Technological Advancements in Storage Techniques

    Technological innovations play a pivotal role in the Global Cord Blood Banking Services Market Industry, enhancing the efficiency and safety of cord blood storage. Advances in cryopreservation techniques and automated storage systems have improved the viability of stem cells, ensuring higher success rates in potential therapeutic applications. These developments not only bolster consumer confidence but also attract investment into the sector. The market is projected to grow significantly, with estimates suggesting a rise to 6.66 USD Billion by 2035. This growth trajectory indicates a robust demand for advanced storage solutions that meet the evolving needs of healthcare providers and families alike.

    Market Segment Insights

    Cord Blood Banking Services Storage Service Insights

    The Cord Blood Banking Services Market segmentation, based on public cord blood banks, private cord blood banks, and hybrid cord blood banks. The private cord blood banks segment is expected to register the highest CAGR from 2024 to 2032. This is due to an increase in chronic disease occurrences, the rising expansion of private cord blood banks, and the implementation of marketing strategies to promote the services and their benefits, all of which are driving the segment growth.

    Cord Blood Banking Services Component Insights

    Based on components, the global market segmentation for cord blood banking services includes cord blood and cord tissue. The cord blood segment is expected to be the largest market in 2023, owing to an increase in chronic disease incidences, expanding regenerative medical treatments, and a growing number of cord blood providers, all of which fuel segment growth. Cord blood is an important transplantation alternative to bone marrow because it contains all of the natural elements of blood and is rich in blood-forming stem cells.

    Cord Blood Banking Services Application Insights

    The market of Cord Blood Banking Services data has been segmented by application into cancer, blood disorders, metabolic disorders, immune disorders, others. The cancer segment dominated the market in 2023 and is projected to be the faster-growing segment during the forecast period, 2024-2032. As per the World Cancer Research Fund International, there were 18.1 million cancer cases worldwide in 2020. Hence, the rising prevalence of cancer across the globe propelling cancer segment growth.

    Figure 2: Cord Blood Banking Services Market, by Application, 2022 & 2032 (USD Billion)

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Cord Blood Banking Services End User Insights

    Based on end user, the global cord blood banking services industry has been segmented into hospitals, pharmaceutical research, and research institutes. The hospitals segment dominated the market in 2023, and is projected to be the fastest-growing segment during the forecast period. Hospital segment is the major end user owing to rising prevalence of diabetes, cancer, and neurological condition worldwide. In addition, increasing awareness associated with tremendous application among physician and growing disposable income is propelling market growth.

    August 2020: CBR Systems, Inc. (US) collaborated with NantKwest (US) to develop a COVID-19 treatment leveraging newborn stem cells. NantKwest received research-donated umbilical cord tissue-derived mesenchymal stem cells (MSCs) from CBR for efficient and robust expansion using NantKwest's proprietary modular system.

    Get more detailed insights about Cord Blood Banking Services Market

    Regional Insights

    By Region, the study segments the market into North America, Europe, Asia-Pacific, and Rest of the World. North America cord blood banking services market accounted for the largest market share due to the availability of well-developed healthcare infrastructure, growing healthcare expenditure and rising awareness associated with available services.

    Further, the major countries studied are: The US, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

    Figure 3: Cord Blood Banking Services Market Share by Region 2022 (%)CORD BLOOD BANKING SERVICES MARKET SHARE BY REGION 2022 (%)

    Source: Secondary Research, Primary Research, MRFR Database and Analyst Review

    Europe cord blood banking services market accounts for the second-largest market share due to the increased burden of chronic diseases such as cancer and diabetes as well as presence of large cord blood banks are driving the region’s market growth. For instance, in December 2022, Famicord Group (Italy), announced that it has stored 600,000 samples supplied stem cells for treatment of around 3450 patients in more than 35 countries. Furthermore, the Germany market of cord blood banking services the largest market share, and the UK market of cord blood banking services was the fastest growing market in the Europe region.

    The Asia-Pacific market of cord blood banking services is expected to grow at a significant share from 2024 to 2032. This is due to increasing awareness of storing stem cells and advanced healthcare reforms across the region. In recent years, Malaysia, India, Indonesia, and China have demonstrated better opportunities for the market growth of the cord blood banking services. The endeavor of placing notice boards and charts in several hospitals and health care centres in these countries has increased awareness of the subject.

    Moreover, China market of cord blood banking services held the largest market share, and the India market of Cord blood banking services was the fastest growing market in the Asia-Pacific region.

    Key Players and Competitive Insights

    Major market players are spending a lot of money on R&D to increase their product lines, which will help to market growth of cord blood banking services even more. Market participants are also taking a range of strategic initiatives to grow their worldwide footprint, including new product launches, contractual agreements, mergers and acquisitions, increased investments, and collaboration with other organizations. Competitors in the cord blood banking services industry must offer cost-effective items to expand and survive in an increasingly competitive and rising market environment.

    Americord Registry LLC (US) specializes in the banking of umbilical cord blood, cord tissue, and placenta stem cells. In February 2022, the company announced the opening of R&D facilities and a cell processing unit in New York, US, to provide solutions to families facing clinical needs.

    Additionally, CordVida (Brazil) is a leading national stem cell bank in Brazil, with the most transplants and the highest average cell count of stored units among private cord blood banks in the country. In April 2021, the company acquired CryoHoldco (Mexico) to consolidate the laboratory operations in Sau Paulo for all CordVida companies in Brazil.

    Key Companies in the Cord Blood Banking Services Market market include

    Industry Developments

    • Q4 2024: Cord Blood Banking Consolidates in All Major Markets in 2025 FamiCord Group, controlled by Enterprise Investors, completed a strategic merger with Vita34, creating the largest cord blood bank in Europe and consolidating their operations across the DACH region and multiple European countries.
    • Q4 2024: Australia’s Cell Care Acquires Canada’s Insception Lifebank Cell Care, the largest cord blood bank in Australia, acquired Insception Lifebank, the largest in Canada, marking a rare international merger and further consolidating the global cord blood banking sector.
    • Q1 2024: CooperSurgical Aggregates Over 1.1 Million Units in U.S. Cord Blood Banking CooperSurgical expanded its portfolio by aggregating reproductive, newborn stem cell, and genetic services in the U.S., managing over 1.1 million cord blood and tissue units.
    • Q1 2024: Cryoholdco Expands Stem Cell Banking Assets Across Latin America Cryoholdco consolidated its position in Latin America by aggregating stem cell banking assets in Mexico, Colombia, Brazil, and Peru, now managing an estimated 300,000 units.
    • Q1 2024: Sanpower Group Dominates Asian Cord Blood Market Sanpower Group, headquartered in Nanjing, strengthened its dominance in Asia by controlling Global Cord Blood Corporation and other assets, now managing over 1.2 million units across Southeast Asia.
    • Q1 2024: LifeCell International Leads Indian Cord Blood Banking Market LifeCell International became the market leader in India, surpassing 320,000 stem cell units under storage, reflecting rapid growth in the region’s cord blood banking sector.

    Future Outlook

    Cord Blood Banking Services Market Future Outlook

    The Cord Blood Banking Services Market is projected to grow at a 13.85% CAGR from 2024 to 2032, driven by advancements in regenerative medicine, increasing awareness, and rising demand for personalized healthcare.

    New opportunities lie in:

    • Develop innovative storage solutions leveraging AI for enhanced sample management. Expand services to include genetic testing and analysis for better patient outcomes. Forge partnerships with healthcare providers to increase referral rates and service accessibility.

    By 2035, the market is expected to achieve substantial growth, reflecting a robust and evolving landscape.

    Market Segmentation

    Cord Blood Banking Services End User Outlook

    • Hospitals
    • Pharmaceutical Research
    • Research Institutes

    Cord Blood Banking Services Regional Outlook

    • {"North America"=>["US"
    • "Canada"]}
    • {"Europe"=>["Germany"
    • "France"
    • "UK"
    • "Italy"
    • "Spain"
    • "Rest of Europe"]}
    • {"Asia-Pacific"=>["China"
    • "Japan"
    • "India"
    • "South Korea"
    • "Australia"
    • "Rest of Asia-Pacific"]}
    • {"Rest of the World"=>["Middle East"
    • "Africa"
    • "Latin America"]}

    Cord Blood Banking Services Component Outlook

    • Cord Blood
    • Cord Tissue

    Cord Blood Banking Services Application Outlook

    • Cancer
    • Blood Disorders
    • Metabolic Disorders
    • Immune Disorders
    • Others

    Cord Blood Banking Services Storage Service Outlook

    • Public Cord Blood Banks
    • Private Cord Blood Banks
    • Hybrid Cord Blood Banks

    Report Scope

    Report Attribute/MetricDetails
    Market Size 2024USD 1.60 billion
    Market Size 2035USD 6.67 billion
    Compound Annual Growth Rate (CAGR)13.85% (2025 - 2035)
    Base Year2024
    Forecast Period2025 - 2035
    Historical Data2018-2022
    Forecast UnitsValue (USD Billion)
    Report CoverageRevenue Forecast, Competitive Landscape, Growth Factors, and Trends
    Segments CoveredStorage Service, Component, Application, End User, and Region
    Geographies CoveredNorth America, Europe, Asia Pacific, and Rest of the World
    Countries CoveredThe U.S, Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
    Key Companies ProfiledAmericord Registry LLC. (US), CordVida (Brazil), Cryo-cell International, Inc. (US), Norton Healthcare, Inc. (US), ViaCord, Inc. (US), Cordlife Group Limited (Singapore), CBR Systems, Inc. (US), Virgin Health Bank (UK), Lifeforce Cryobanks (US), and StemCyte, Inc. (India), among others
    Key Market OpportunitiesIncreasing awareness associated the tremendous applications of stem cells in developing regions
    Key Market DynamicsIncreasing incidence of autoimmune diseases Rising awareness associated with therapeutic potential of stem cells
    Market Size 20251.82

    Market Highlights

    Author
    Rahul Gotadki
    Assistant Manager

    He holds an experience of about 7+ years in Market Research and Business Consulting, working under the spectrum of Life Sciences and Healthcare domains. Rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. His expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. In addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives

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    FAQs

    What is the projected growth of the Cord Blood Banking Services market?

    The Cord Blood Banking Services market is the expected increase in total market value of 6.67 USD billion over a defined forecast period 2025–2035. It is driven by factors such as demand trends, technological advances, regulatory changes, and geographic expansion.

    What is the size of the Cord Blood Banking Services market?

    Cord Blood Banking Services market size was valued at approximately 1.6 billion USD in 2024. This figure will reach 6.67 billion USD covering all regions (America, Europe, Asia, MEA and ROW), focusing its segments / services / distribution channels till 2035.

    What is the CAGR of the Cord Blood Banking Services market?

    Cord Blood Banking Services market is expected to grow at a CAGR of 13.85% between 2025 and 2035.

    How much will the Cord Blood Banking Services market be worth by 2035?

    Cord Blood Banking Services market is expected to be worth of 6.67 billion USD, reflecting growth driven by usage, technology and global demands by the end of 2035.

    How will the Cord Blood Banking Services market perform over the next 10 years?

    Over the next 10 years the Cord Blood Banking Services market is expected to shift from usd billion 1.6 to 6.67 billion USD, led by adoption of advanced tech, demographic trends, regulatory approvals, with potential headwinds from 2025 to 2035.

    How Big is the U.S cord blood banking services market?

    The US is expected to hold a 35-40% share of the global market for Cord blood banking services market during the forecast period of 2024-2035.

    Which region held the largest market share in the Cord Blood Banking Services Market?

    The North America region market held the largest market share

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