The global umbilical cord blood banking market size was valued at USD 24.18 Billion in 2024, driven by increasing prevalence of chronic diseases across the globe. The market is expected to grow at a CAGR of 5.80% during the forecast period of 2025-2034, with the values likely to reach USD 42.49 Billion by 2034.
Base Year
Historical Period
Forecast Period
The market is impacted by increasing investment into emerging economies such as India. In May 2023, StemCures, a United States based medical clinic invested USD 54 billion in an Indian state to set up stem cell manufacturing lab.
The global umbilical cord blood banking market demand is driven by rising initiatives to propagate the benefits of preserving umbilical cord and combat the comorbidities associated with chronic diseases.
The application of digital solutions is expected to impact the market significantly. In December 2023, Shanghai Cord Blood Bank and China Marrow Donor Program collaborated to launch an app that can help in searching banks for matching donors.
Compound Annual Growth Rate
5.8%
Value in USD Billion
2025-2034
*this image is indicative*
Umbilical cord blood or UCB is the blood collected from the umbilical cord of a newborn baby. It is also retrieved from the placenta post-delivery. UCB is enriched with adult stem cells, which play an important role in controlling all biological activities and in producing tissues in the human body. Umbilical cord blood banking includes collection, processing, and storage of stem cells to treat numerous medical indications including hematologic disorders along with certain genetic diseases. The umbilical cord blood banking market growth is being driven by the rapid prevalence of chronic diseases, along with the rising demand for regenerative medicines. Moreover, several government associations and initiatives are contributing to the market growth for umbilical cord blood bank.
The rising awareness around the benefits of umbilical cord blood banking poised to boost the market share in the forecast period. It can be used as a standalone or as an assistance therapy for individuals suffering from leukemia, aplastic anemia, and immune deficiencies. To leverage its maximum benefits and offer improved patient outcomes, Shanghai Cord Blood Bank and China Marrow Donor Program collaborated in December 2023. The partnership was aimed at launching an app that help in searching the two banks for matching donors. It also underscores the increasing utilization of digital solutions, which is one of the most significant umbilical cord blood banking market trends.
To improve the efficiency of existing techniques, the market is witnessing increased advances in stem cell research. This includes development in cryopreservation methods, quality control measures along with cell processing techniques. In addition, to meet the rising umbilical cord blood banking market demand, there has been significant expansion of relevant services in emerging economies. In May 2023, StemCures , a United States based medical clinic which specializes in stem cell therapy invested to develop a manufacturing lab in an Indian state. With a worth of USD 54 billion, the investment is aimed at enabling high quality and affordable technologies to treat serious medical conditions.
The increasing investments in expanding and improving healthcare infrastructure is another key market trend. In recent times, public cord blood banks have experienced a notable global expansion, owing to growing initiatives to encourage and educate people participation in cord blood donations. Along with public alternatives, private UCBs hold a significant umbilical cord blood banking market share. The market value can be attributed to a range of dynamic pricing plans, increased storage options along with additional services such as genetic testing among others.
Umbilical Cord Blood Banking Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Service Type
Market Breakup by Storage Operation
Market Breakup by Application
Market Breakup by Region
The key features of the market report include funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
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The market attained a value of about USD 24.18 Billion in 2024 driven by growing prevalence of chronic diseases across the globe.
The market is anticipated to grow at a CAGR of 5.80% during the forecast period of 2025-2034, likely to reach a market value of USD 42.49 Billion by 2034.
The market demand is driven by increasing healthcare expenditures and rising initiatives intended to drive awareness around benefits of umbilical cord blood banking.
One of the significant trends in the market is increasing collaborations to develop digitally equipped and advanced sources. For instance, in December 2023, Shanghai Cord Blood Bank and China Marrow Donor Program collaborated to launch an app that helps in searching banks for matching donors.
Based on the service type, the market is segmented intosample preservation and storage, sample analysis, sample processing, sample collection and transportation.
Major storage operations include private and public UCB banks.
Major application areas include bone marrow failure syndrome, metabolic disorder, leukemia, immune deficiencies, lymphoma.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.
Key players involved in the market are CBR Systems, Inc., Cryo-Cell International, Inc., Smart Cells International Ltd., Global Cord Blood Corporation, Stemcyte India Therapeutics Pvt. Ltd, Americord Registry LLC, China Cord Blood Corporation, Cordlife Group Limited, Esperite N.V., Lifeforce Cryobank Science Inc., Cryoholdco DE LatinoAMerica, AMAG Pharmaceuticals, Inc., and Singapore Cord Blood Bank.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2024 |
| Historical Period | 2018-2024 |
| Forecast Period | 2025-2034 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Service Type |
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| Breakup by Storage Operation |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Supplier Landscape |
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| Companies Covered |
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