India Cord Blood Banking Market Size, Share and Forecast 2033

India Cord Blood Banking Market Size, Share, Trends and Forecast by Service, Component, Application, Sector, and Region, 2025-2033

Report Format: PDF+Excel | Report ID: SR112025A31273

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India Cord Blood Banking Market Overview:

The India cord blood banking market size reached USD 33.71 Million in 2024. Looking forward, IMARC Group expects the market to reach USD 55.30 Million by 2033, exhibiting a growth rate (CAGR) of 5.20% during 2025-2033. The market is driven by rising awareness of stem cell therapies, increasing prevalence of genetic disorders, expanding healthcare infrastructure, strong government initiatives, growing disposable income, ongoing advancements in cryopreservation technology, and surging investments in private and public biobanking services.

Report Attribute	Key Statistics
Base Year	2024
Forecast Years	2025-2033
Historical Years	2019-2024
Market Size in 2024	USD 33.71 Million
Market Forecast in 2033	USD 55.30 Million
Market Growth Rate (2025-2033)	5.20%

India Cord Blood Banking Market Trends:

Rising Adoption of Private Cord Blood Banking Services

The India cord blood banking industry has adopted a major change toward private banking services since expectant parents gained a better understanding of stem cell therapeutic possibilities. For example, India has a young population with a median age of 30, and 40% of its people are under 25, resulting in approximately 24 million births each year. As the middle class expands and incomes increase, more Indian families are opting to privately store their newborns’ cord blood, recognizing its potential for future medical use.. Moreover, private cord blood banks provide individualized storage solutions that keep stem cells accessible only to the donor and their blood relatives, since Thailand lacks sufficient matches for stem cell transplants. Besides this, the combination of aggressive marketing with flexible payment plans through private banking services has increased their reach to a broader audience. Furthermore, the high prices associated with private banking services continue to prevent many individuals from accessing storage while experts evaluate whether such costs justify the benefits of public banking for medical science and therapeutic transplantation. This trend is significantly boosting the India cord blood banking market share.

India Cord Blood Banking Market Size

Expansion of Public Cord Blood Banking and Government Support

The expansion of government and healthcare organizations in India is actively supporting public cord blood banking, which is driving the India cord blood banking market growth. This is because they realize its critical function in delivering stem cell transplants for patients who need treatment against life-threatening diseases, including leukemia and thalassemia, and other blood disorders. Concurrently, public banks operate differently from private banking operations as they accept donated cord blood, which gets used for any suitable patient who needs it, while improving the range of stem cell unit genetic variations. According to reports, family cord blood banks in India have estimated that they penetrate approximately 0.4% of the birth market in urban areas, where about one-third of the population resides. Additionally, government support combined with hospital-biobank partnerships enables public banking growth, therefore reducing stem cell therapy costs for patients. Furthermore, the rising donations in public bank stem cell donations are due to enhanced funding, along with policy backing and education outreach programs, but storage space shortages and public donor education gaps remain major hurdles. As a result, India's healthcare sector heavily relies on public cord blood banking because technological progress improves the practicality of stored stem cells, along with advancements in regenerative medicine research, thereby enhancing the India cord blood banking market outlook.

India Cord Blood Banking Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the market, along with forecasts at the region level for 2025-2033. Our report has categorized the market based on service, component, application, and sector.

Service Insights:

Sample Preservation and Storage
Sample Analysis
Sample Processing
Sample Collection and Transportation

The report has provided a detailed breakup and analysis of the market based on the service. This includes sample preservation and storage, sample analysis, sample processing, and sample collection and transportation.

Component Insights:

Cord Blood
Cord Tissue

A detailed breakup and analysis of the market based on the component have also been provided in the report. This includes cord blood and cord tissue.

Application Insights:

Cancer Disease
Diabetes
Blood Disease
Immune Disorders
Metabolic Disorders
Others

The report has provided a detailed breakup and analysis of the market based on the application. This includes cancer disease, diabetes, blood disease, immune disorders, metabolic disorders, and others.

Sector Insights:

Public Cord Blood Banks
Private Cord Blood Banks

A detailed breakup and analysis of the market based on the sector have also been provided in the report. This includes public cord blood banks and private cord blood banks.

Regional Insights:

North India
South India
East India
West India

The report has also provided a comprehensive analysis of all the major regional markets, which include North, South, East and West India.

Competitive Landscape:

The market research report has also provided a comprehensive analysis of the competitive landscape. Competitive analysis such as market structure, key player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided.

India Cord Blood Banking Market News:

In February 2024, STEMCELL Technologies acquired SQZ Biotechnologies' assets, including over 400 patents, enhancing cell therapy delivery methods for advanced stem cell research and treatments. This strategic move aims to revolutionize regenerative medicine and disease treatments like cancer, benefiting the global and Indian cord blood banking sectors.
In September 2023, LifeCell International, a leader in community cord blood stem cell banking in India, announced the expansion of its Community Banking Registry to over 75,000 high-quality, consented cord blood units. This significant milestone enhances the availability of stem cells for treating over 90 life-threatening blood disorders.

India Cord Blood Banking Market Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million USD
Scope of the Report	Exploration of Historical Trends and Market Outlook, Industry Catalysts and Challenges, Segment-Wise Historical and Future Market Assessment: Service Component Application Sector Region
Services Covered	Sample Preservation and Storage, Sample Analysis, Sample Processing, Sample Collection and Transportation
Components Covered	Cord Blood, Cord Tissue
Applications Covered	Cancer Disease, Diabetes, Blood Disease, Immune Disorders, Metabolic Disorders, Others
Sectors Covered	Public Cord Blood Banks, Private Cord Blood Banks
Regions Covered	North India, South India, East India, West India
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:

How has the India cord blood banking market performed so far and how will it perform in the coming years?
What is the breakup of the India cord blood banking market on the basis of service?
What is the breakup of the India cord blood banking market on the basis of component?
What is the breakup of the India cord blood banking market on the basis of application?
What is the breakup of the India cord blood banking market on the basis of sector?
What is the breakup of the India cord blood banking market on the basis of region?
What are the various stages in the value chain of the India cord blood banking market?
What are the key driving factors and challenges in the India cord blood banking?
What is the structure of the India cord blood banking market and who are the key players?
What is the degree of competition in the India cord blood banking market?

Key Benefits for Stakeholders:

IMARC’s industry report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the India cord blood banking market from 2019-2033.
The research report provides the latest information on the market drivers, challenges, and opportunities in the India cord blood banking market.
Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the India cord blood banking industry and its attractiveness.
Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.

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