According to the report, the global cord blood & tissue banking market is likely to grow from USD 13.6 Billion in 2025 to USD 29.1 Billion in 2035 at a highest CAGR of 7.9% during the time period. Cord blood & tissue banking market is expanding, as cord blood is being increasingly utilized as a source of hematopoetic stem cells for transplantation in blood cancer, inherited metabolic disease and immune deficiencies.
Advances in biological materials, cell processing, cryopreservation, viability testing, and monitoring of storage conditions are on the rise, further fueling interest in high quality biological materials and in the potential use of banked materials.
The expanding awareness among parents of the benefits of newborn stem-cell preservation, increased service provider collection networks and the growth of private and public banking options are also driving market growth. The long-term relevance of stored cellular materials continues to be enhanced with growing clinical evidence of their therapeutic potential.
“Key Driver, Restraint, and Growth Opportunity Shaping the Global Cord Blood & Tissue Banking Market
Cord blood is emerging as a strategic resource for easily available, engineered cellular therapies that could be used to tackle the time and donor-matching challenges of individualized therapies. Recent research in Australia is progressing through an off-the-shelf immune-cell therapy for acute myeloid leukemia (AML), based on donated cord blood that is progressing to a national Phase I study.
Cord blood banks face rigorous requirements in their collection, processing, testing, traceability, storage and clinical release. Increasing bank provider complexity and investment needs due to specialized leadership, qualified personnel, validated procedures, appropriate coding systems, and meeting NetCord-FACT standards for accreditation.
Cord blood banks can now play a larger role than simply keeping cord blood for the long term, by offering a source of input to new cellular therapies. FACT’s standards explicitly apply to cellular therapies derived from both hematopoietic and non-hematopoietic cell sources, and have the potential to foster partnerships for cell processing, clinical trials and therapeutic product development for banks.
Regional Analysis of Global Cord Blood & Tissue Banking Market
Key players in the global cord blood & tissue banking market include prominent companies such as Americord Registry, Cells4Life Group LLP, Cordlife Group Limited, Cryo-Cell International, FamiCord Group, Future Health Biobank, Global Cord Blood Corporation, LifeCell International, Reliance Life Sciences, Smart Cells International, StemCyte, Inc., ViaCord, Vita 34 International, Other Key Players.
The global cord blood & tissue banking market has been segmented as follows:
Global Cord Blood & Tissue Banking Market Analysis, by Storage Type
Global Cord Blood & Tissue Banking Market Analysis, by Banking Model
Global Cord Blood & Tissue Banking Market Analysis, by Service Type
Global Cord Blood & Tissue Banking Market Analysis, by Cell Type Stored
Global Cord Blood & Tissue Banking Market Analysis, by Processing Technology
Global Cord Blood & Tissue Banking Market Analysis, by Application
Global Cord Blood & Tissue Banking Market Analysis, by Enrollment Channel
Global Cord Blood & Tissue Banking Market Analysis, by Region
About Us
MarketGenics is a global market research and management consulting company empowering decision makers from startups, Fortune 500 companies, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.
We serve clients on every aspect of strategy, including product development, application modeling, exploring new markets and tapping into niche growth opportunities.
USA Address:
800 N King Street Suite 304 #4208 Wilmington, DE 19801 United States.
+1(302)303-2617
info@marketgenics.co
India Address:
3rd floor, Indeco Equinox, Baner Road, Baner, Pune, Maharashtra 411045 India.
sales@marketgenics.co
Table of Contents
Note* - This is just tentative list of players. While providing the report, we will cover more number of players based on their revenue and share for each geography
We will customise the research for you, in case the report listed above does not meet your requirements.
Get 10% Free Customisation