Cord Blood Banking Market Size By Type of Bank (Public, Private), By Services (Processing, Storage), By Application (Cancer, Blood Disorders, Immuno-deficiency Disorders, Metabolic Disorders, Bone Marrow Failure Syndrome), By End-use (Hospitals, Research Institutes, Specialty Clinics), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Italy, Spain, Belgium, China, Japan, India, Australia, Singapore, Brazil, Mexico, Saudi Arabia, UAE), Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Apr 2019 | 180 Pages | Report ID: GMI3268 | Authors: Sumant Ugalmugale, Rupali Swain Report Format: PDF

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Industry Trends

Cord Blood Banking Market size was valued over USD 16 billion in 2018 and is expected to witness more than 5% CAGR from 2019 to 2025.  
 

U.S. cord blood banking market, by type of bank, 2018 & 2025 (USD Million)
U.S. cord blood banking market, by type of bank, 2018 & 2025 (USD Million) ?

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Cord blood banking market will witness a considerable growth in the coming years. Healthcare professionals are aware of the significance of new-born stem cells and strongly recommend cord blood banking to parents. Beneficial factors associated with cord blood such as effective and enhanced treatment of various life-threatening diseases including cancer, blood disorders, certain other immune and metabolic disorders coupled with fewer complications and improved medical outcomes will foster the market growth.
 

Several families are being encouraged to donate stem cells to a public bank in order to help others in need. This will result in the application of cord blood in transplant medicine that can be consequently used in the treatment of nearly 80 diseases including cancer, metabolic disorders, immune disorders, blood disorders and others. Additionally, researchers are also looking into the potential of cord blood to treat other chronic diseases such as Alzheimer’s disease, diabetes, multiple sclerosis, spinal cord injuries, and heart disease, among other conditions, thereby boosting the market growth.
 

Cord Blood Banking Market, By Type of Bank

Germany cord blood banking market share, by type of bank, 2018
Germany cord blood banking market share, by type of bank, 2018

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Private cord blood banks held significant share of the total market, accounting for a total value of USD 13.7 billion in 2018. Private cord blood banks are primarily for-profit organizations that store cord blood only for exclusive use by the donor and their relatives. Factors such as guarantee for the availability of blood along with sufficient supply of cord blood in case of multiple relatives requiring transplantation will boost the segmental growth.
 

Public cord blood banks are estimated to expand at a CAGR of 6.1% over the forecast period. Public cord blood banks facilitate public health and well-being, hence propelling the segmental growth. Moreover, public banks enable research professionals to work on cord blood samples, thereby allowing them with tools to investigate novel and potentially life-saving therapies for the patient population.
 

Cord Blood Banking Market, By Services

Processing service market segment dominated the industry, accounting for USD 12.6 billion in 2018. Almost every cord blood unit undergo processing within 24 hours of collection. Public as well as private banks process the cord blood units to remove red blood cells (that can be toxic due to bursting during freezing) and plasma while cryopreserving white blood cells and stem cells, hence driving the segment growth during the forecast period.
 

Storage service market segment will grow rapidly at 5.6% during the forecast timeframe. Storage of cord blood units for as long as an individual requires can be done for an extremely reasonable cost, that will eventually help in the treatment of potentially life-threatening diseases later in life. Such factors will drive the storage services in global cord blood banking market in the coming years.
 

Cord Blood Banking Market, By Application

Cancer generated maximum revenue share in the year 2018 with a value of USD 5.8 billion. The ability of cord blood to treat several cancers such as leukaemia, lymphoma, or multiple myeloma will boost the segmental growth. In addition, government organizations are constantly providing funds along with spreading awareness related to stem cell transplants for cancer that will help patients and their families to obtain an effective treatment regimen.
 

Applications such as traumatic brain injury, Alzheimer's disease, cardiovascular disease, and others are expected to experience robust growth at 6.2% over the projection period. Increasing incidence of these diseases along with growing research and clinical trials in order to assess their treatment with the help of cord blood will potentially impact a countless number of lives, hence expanding the segment growth during the forecast timeframe.
 

Cord Blood Banking Market, By End-use

Hospitals segment generated maximum revenue share in the year 2018. Factors such as increased application of cord blood units for the treatment of life-threatening diseases including cancer, blood disorders and immuno-deficiency disorders and rising hospital admissions will augment the growth of hospitals in cord blood banking market.
 

Research institutes segment is expected to experience robust growth of over 6% over the projection period. The existing success of cord blood in treating various disorders and diseases has encouraged interest in the development of treatment therapies involving stem cell units. Researchers are actively using cord blood to test treatments for a broad range of other conditions such as neurological and cardiovascular diseases, hence enhancing the segmental growth.
 

Cord Blood Banking Market, By Region

North America cord blood banking market share, by country, 2025 (USD Million)
North America cord blood banking market share, by country, 2025 (USD Million)

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U.S. cord blood banking market valued USD 5.2 billion in the year 2018. Presence of large number of private cord blood banks along with favorable government initiatives will boost the U.S. market. Furthermore, researchers are constantly trying to improve old treatments and establish new ones with a number of clinical trials that will eventually propel the market growth in U.S.
 

Singapore is estimated to exhibit the fastest growth of 7.8% during the forecast period due to growing target patient population and increased awareness regarding the benefits associated with cord blood. Additionally, a novel technique named Nicord cord blood expansion has shown excellent results with a mortality rate of less than 10%. This is still under trial phase carried out by Gamida Cell, a biotechnology company which develops cellular and immune therapeutics. Also, on an average, more than 80 stem cell transplants are performed at Singapore General Hospital every year, out of which four comprises cord blood transplants, thereby augmenting the market growth in the country.
 

Competitive Market Share

Few of the notable industry players operating in global cord blood banking market are CBR Systems, Inc., Cordlife, Cryo-Save AG, FamiCord, Hewlett-Packard, Global Cord Blood Corporation, Americord, LifeCell, Jeevan Stem Cell Foundation, Singapore Cord Blood Bank and ViaCord LLC. Various strategies such as mergers and acquisitions, collaborations and new services launch are undertaken by these players in order to capture high revenues. For instance, in September 2017, Americord Registry announced to offer placental tissue banking as a stand-alone service. This new service will enable the company to expand its service portfolio and spur revenue generation.  
 

Cord Blood Banking Industry Background
 

Cord Blood Banking Market Segmentation

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The concept of cord blood banking was introduced in 2005 where in C.W.  Bill Young Transplantation Program and the Stem Cell Therapeutic and Research Act of 2005 formed the National Cord Blood Inventory (NCBI). The goal of the combined entity was to increase the national supply of publicly donated cord blood units. Currently, cord blood has been approved by the U.S. FDA for treatment of over 80 life-threatening diseases. The market will expand swiftly with continued support from the medical community and government of various countries. Moreover, researchers claim cord blood cells to become a standard treatment in the next decade with several ongoing clinical trials currently being tested out for future treatment possibilities.


What Information does this report contain?

Historical data coverage: 2014 to 2018; Growth Projections: 2019 to 2025.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


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