Cord Blood Banking Services Market Size
Market Outlook:
Cord Blood Banking Services Market surpassed USD 34.19 Billion in 2023 and is expected to exceed USD 58.75 Billion by end of the year 2032, observing around 6.2% CAGR between 2024 and 2032.
Base Year Value (2023)
USD 34.19 Billion
19-23
x.x %
24-32
x.x %
CAGR (2024-2032)
6.2%
19-23
x.x %
24-32
x.x %
Forecast Year Value (2032)
USD 58.75 Billion
19-23
x.x %
24-32
x.x %
Historical Data Period
2019-2023
Largest Region
North America
Forecast Period
2024-2032
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Market Dynamics:
Growth Drivers & Opportunity:Rising awareness among the population about the importance of cord blood banking for treating various diseases and disorders.
Increasing investments in research and development activities to expand the applications of cord blood stem cells in regenerative medicine.
Growing government support and initiatives to promote the adoption of cord blood banking services.
Industry
Report Scope
| Report Coverage | Details |
|---|---|
| Segments Covered | Storage Services, Component, Application |
| Regions Covered | • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA) |
| Company Profiled | Global Cord Blood, CBR Systems, PerkinElmer, Cryo-Cell International, Cordlife Group Limited, AlphaCord LLC, ATCC, CSG-BIO, California Cryobank Stem Cell Services LLC, Cord Blood Foundation, Singapore Cord Blood Bank, FamiCord |
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High cost associated with cord blood banking services, which may limit the adoption rate among the general population.
Lack of skilled professionals and infrastructure in certain regions, which could hinder the growth of the cord blood banking services market.
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