Cord Blood Banking Services Market Report by Component (Cord Blood, Cord Tissue), Storage Services (Public Cord Blood Banks, Private Cord Blood Banks), Application (Cancer Disease, Diabetes, Blood Disease, Immune Disorders, Metabolic Disorders, and Others), and Region 2025-2033

Cord Blood Banking Services Market Report by Component (Cord Blood, Cord Tissue), Storage Services (Public Cord Blood Banks, Private Cord Blood Banks), Application (Cancer Disease, Diabetes, Blood Disease, Immune Disorders, Metabolic Disorders, and Others), and Region 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A5744

Market Overview:

The global cord blood banking services market size reached USD 2.0 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 4.6 Billion by 2033, exhibiting a growth rate (CAGR) of 9.02% during 2025-2033.

Report Attribute 
Key Statistics
Base Year
2024
Forecast Years
2025-2033
Historical Years
2019-2024
Market Size in 2024
USD 2.0 Billion
Market Forecast in 2033
USD 4.6 Billion
Market Growth Rate (2025-2033) 9.02%


Cord blood banking is a procedure of collecting and storing life-saving stem cells from the umbilical cord and placenta for future use. It uses hematopoietic stem cells that are present in the cord blood of the baby to develop it into red blood cells (RBCs), white blood cells (WBCs) and platelets. It aids in the treatment of cancer, blood diseases and immune system disorders as cord blood banking is less complicated, painful and risky for the donor compared to the collection of stem cells from bone marrow. As a result, it finds extensive applications in hospitals, research institutes, and specialty clinics.

Cord Blood Banking Services Market Trends:

The growing prevalence of different cancers, such as lymphoma and leukemia, due to longer working hours, stressful lives, and excessive smoking and alcohol consumption represents one of the key factors driving the market. Moreover, there is an increase in the utilization of cord blood banking services for the treatment of immunodeficiency disorders across the globe. This, coupled with the increasing awareness among individuals about the benefits and wide availability of cord blood banking service providers, is propelling the growth of the market. In addition, governments of several countries are extensively investing in research and development (R&D) activities to facilitate clinical trials of cord blood stem cells. In line with this, the growing number of patients with damaged bone marrow worldwide is positively influencing the market. Besides this, the rising diagnostic screening of cord blood in private centers as per guidelines and regulations of regulatory authorities is offering lucrative growth opportunities to industry investors. Additionally, the expanding healthcare industry is strengthening the growth of the market. 

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global cord blood banking services market report, along with forecasts at the global, regional and country levels from 2025-2033. Our report has categorized the market based on component, storage services and application.

Breakup by Component:

  • Cord Blood
  • Cord Tissue
     

Breakup by Storage Services:

  • Public Cord Blood Banks
  • Private Cord Blood Banks
     

Breakup by Application:

  • Cancer Disease
  • Diabetes
  • Blood Disease
  • Immune Disorders
  • Metabolic Disorders
  • Others
     

Breakup by Region:

Cord Blood Banking Services Market By Region

  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Alphacord LLC, Americord Registry LLC, ATCC, California Cryobank, Cordlife Group LImited, Cryo-Cell International Inc., Global Cord Blood Corporation, LifeBank, LifeCell International Pvt. Ltd., National Cord Blood Program, Norton Healthcare Inc., Perkinelmer Inc. and StemCyte India Therapeutics Pvt. Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2024
Historical Period 2019-2024
Forecast Period 2025-2033
Units Billion USD
Segment Coverage Component, Storage Services, Application, Region
Region Covered Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Alphacord LLC, Americord Registry LLC, ATCC, California Cryobank, Cordlife Group LImited, Cryo-Cell International Inc., Global Cord Blood Corporation, LifeBank, LifeCell International Pvt. Ltd., National Cord Blood Program, Norton Healthcare Inc., Perkinelmer Inc. and StemCyte India Therapeutics Pvt. Ltd.
Customization Scope 10% Free Customization
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

The cord blood banking services market was valued at USD 2.0 Billion in 2024.

The cord blood banking services market is projected to exhibit a CAGR of 9.02% during 2025-2033.

The cord blood banking services market is driven by increasing awareness about stem cell therapies, advancements in cryopreservation technology, and rising demand for regenerative medicine. Growing incidences of genetic disorders, cancers, and blood-related diseases, along with government initiatives and healthcare investments, further boost the market for cord blood storage.

North America currently dominates the market driven by growing awareness about the therapeutic potential of stem cells, increasing healthcare investments, and rising adoption of regenerative medicine.

Some of the major players in the cord blood banking services market include Alphacord LLC, Americord Registry LLC, ATCC, California Cryobank, Cordlife Group LImited, Cryo-Cell International Inc., Global Cord Blood Corporation, LifeBank, LifeCell International Pvt. Ltd., National Cord Blood Program, Norton Healthcare Inc., Perkinelmer Inc. and StemCyte India Therapeutics Pvt. Ltd.

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Cord Blood Banking Services Market Report by Component (Cord Blood, Cord Tissue), Storage Services (Public Cord Blood Banks, Private Cord Blood Banks), Application (Cancer Disease, Diabetes, Blood Disease, Immune Disorders, Metabolic Disorders, and Others), and Region 2025-2033
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