Cord Blood Banking Services Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Cord Blood Banking Services Market is Segmented by Bank Type (Private, Public, and Hybrid), Application, and Geography.

Cord Blood Banking Services Market Snapshot

Cord Blood Banking Services Market CAGR
Study Period: 2018 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 11.5 %

Need a report that reflects how COVID-19 has impacted this market and its growth?

Market Overview

Cord blood banking services market studied was anticipated to witness a CAGR of 11.5% during the forecast period. Growing demand for cord blood has been observed in recent years due to their increased rate of application in treatment for various life-threatening diseases. The rise in death rate associated with complications during childbirth and prevalence of cancers, such as lymphoma, leukemia, various genetic diseases, such as Edwards syndrome, and others fuel the market. As per estimates published by The United Nations Children's Fund (UNICEF) in November 2018, every year, about 3 million children die worldwide from pneumonia. The report also says that the most common underlying conditions are chronic lung disease of prematurity, congenital heart disease, etc. Additionally, increased awareness among the public regarding the huge availability of service providers is likely to propel the growth of cord blood market services globally.

Scope of the Report

Cord blood is available in the blood vessels of the placenta and the umbilical cord. The cord blood is typically collected after the baby is delivered and the cord is cut, which is therefore generally safe for the mother and baby. Cord blood contains blood-forming stem cells that can be used in the treatment of patients with genetic disorders, deficiency blood cancers such as leukemias and lymphomas. The cord blood can be used for certain disorders of the bone marrow and immune systems, such as sickle cell disease and Wiskott-Aldrich syndrome.

Bank Type
Private
Public
Hybrid
Application
Leukaemia
Genetic Disorders
Immune Deficiencies
Other Applications
Geography
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle-East and Africa
GCC
South Africa
Rest of Middle-East and Africa
South America
Brazil
Argentina
Rest of South America

Report scope can be customized per your requirements. Click here.

Key Market Trends

Private Banks by Application Segment is Expected to Hold the Major Market Share in the Cord Blood Banking Services Market

Private banks are expected to account for the largest share of revenue in the global cord blood services market. The dominance of the segment can be attributed to the huge customer base of private banks. The increased adoption is due to their attractive marketing practices compared to that of public banks. Furthermore, the higher charges per the cord blood unit collected and stored are likely to contribute to the highest revenue in the global market. On the other hand, the public bank segment is anticipated to witness the highest CAGR during the forecast period. The lucrative growth can be due to rising investments. The rise in demand is due to initiatives by the government and healthcare authorities to increase the repository of a genetically wide variety of units stored in public banks. Additionally, the rising preference for public banks has been increased in recent years to avoid the risk associated with unused blood units stored in a private bank.

Cord Blood Banking Services Market

North America Dominates the Market and it is Expected to do the Same in the Forecast Period

North America is expected to dominate the cord blood services market, owing to the rise in the prevalence of various cancers, such as leukemias and lymphomas, among all the age groups. The rising volume of patients with damaged bone marrow or defective immune system in the region. An increased number of genetic disorders, like Down syndrome among new-born babies in the United States which holds a significant revenue share in the North American market. According to the World Health Organization report published in 2018, down syndrome continued to be the most common chromosomal disorder, affecting 6,000 babies born in the United States each year. As per American Cancer Society statistics for 2020, about 60,530 new cases of leukemia are estimated to be registered in the United States, leading to an increased volume of hematopoietic stem cell transplantations boosting the market. Furthermore, rising advancements preference among the couples for earlier diagnosis is likely to create a new opportunity for the global Cord blood services market over the forecast period.

Cord Blood Banking Services Market

Competitive Landscape

The cord blood services market is moderately competitive and consists of several major players. In terms of market share, few of the major players are currently dominating the Cord Blood Banking Services market. Some prominent players are implementing mergers and acquisitions, expanding their geographical footprint. For instance, in September 2019, Cord Blood Registry acquired Natera Inc.'s Evercord, cord blood, and tissue banking business. The acquisition helps CBR in working closely with Natera to ensure a smooth transition for customers and ordering clinics. Such strategic alliances are expected to fuel the market. Some of the companies which are currently dominating the market are Global Cord Blood Corporation, CBR Systems Inc., PerkinElmer Inc. (ViaCord LLC), Cryo-Cell International, and Cordlife Group Limited.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

      1. 4.2.1 Increasing Burden of Genetic Diseases

      2. 4.2.2 Increased Government Initiatives to Create Awareness

    3. 4.3 Market Restraints

      1. 4.3.1 Small Size of Study Population and Ethical Concerns

      2. 4.3.2 Highly Expensive Collection and Storage Procedures

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers/Consumers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Bank Type

      1. 5.1.1 Private

      2. 5.1.2 Public

      3. 5.1.3 Hybrid

    2. 5.2 Application

      1. 5.2.1 Leukaemia

      2. 5.2.2 Genetic Disorders

      3. 5.2.3 Immune Deficiencies

      4. 5.2.4 Other Applications

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

      2. 5.3.2 Europe

        1. 5.3.2.1 Germany

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 France

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Spain

        6. 5.3.2.6 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 South Korea

        6. 5.3.3.6 Rest of Asia-Pacific

      4. 5.3.4 Middle-East and Africa

        1. 5.3.4.1 GCC

        2. 5.3.4.2 South Africa

        3. 5.3.4.3 Rest of Middle-East and Africa

      5. 5.3.5 South America

        1. 5.3.5.1 Brazil

        2. 5.3.5.2 Argentina

        3. 5.3.5.3 Rest of South America

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Global Cord Blood Corporation

      2. 6.1.2 CBR Systems Inc.

      3. 6.1.3 PerkinElmer Inc. (ViaCord LLC)

      4. 6.1.4 Cryo-Cell International

      5. 6.1.5 Cordlife Group Limited

      6. 6.1.6 AlphaCord LLC

      7. 6.1.7 ATCC

      8. 6.1.8 CSG-BIO

      9. 6.1.9 California Cryobank Stem Cell Services LLC

      10. 6.1.10 Cord Blood Foundation (Smart Cells International)

    2. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability
**Competitive Landscape covers- Business Overview, Financials, Products and Strategies, and Recent Developments

You can also purchase parts of this report. Do you want to check out a section wise price list?

Frequently Asked Questions

The Cord Blood Banking Services Market market is studied from 2018 - 2026.

The Cord Blood Banking Services Market is growing at a CAGR of 11.5% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2020.

Global Cord Blood Corporation, CBR Systems Inc, PerkinElmer Inc (ViaCord LLC), Cryo-Cell International, Cordlife Group Limited are the major companies operating in Cord Blood Banking Services Market.

80% of our clients seek made-to-order reports. How do you want us to tailor yours?

Please enter a valid email id!

Please enter a valid message!