How big is the cord blood banking market | Growth Analysis 2031

Q: What is the market size of the cord blood banking market?

Cord blood banking market was valued at approximately USD 1.38 billion and is expected to reach USD 2.53 billion.

Q: What is the CAGR of the cord blood banking market from 2024 to 2031?

The Cord blood banking market is projected to grow at a CAGR of 7.9% during the forecast period.

Q: What are the key trends in the cord blood banking market?

Key trends in Cord blood banking include adoption of hybrid banking models, use of AI for donor-patient matching, and increasing focus on regenerative applications.

Q: What are the major drivers of the cord blood banking market?

Major drivers of Cord blood banking include rising genetic disorder treatments, technological advancements, government initiatives, and demand for personalized therapies.

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Code: MTA5293

Publication Date: Jul 2025

What is the Cord Blood Banking Market Size?

According to 6Wresearch internal database and industry insights, the Cord Blood Banking Market was valued at USD 1.38 billion in 2024 and is anticipated to exceed USD 2.53 billion by 2031, registering a steady at a CAGR of 7.9 % during the forecast period.

Cord blood banking market is witnessing robust development due to growing awareness about stem cell therapies, the rise in inherited disorder treatments, and supportive government initiatives. Technical progressions in cord blood dispensation and storage, along with growing claims in reformative medicine, are driving demand. Rising acceptance of both private and public cord blood banking options is further motivating market penetration

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Major Growth Factors of the Cord Blood Banking Industry

Advancements in cryopreservation technologies
Increasing applications in regenerative medicine
Rising prevalence of genetic and blood-related disorders
Growing public awareness and education campaigns
Rising preference for private cord blood banks
Favorable government policies and funding support
Expansion of healthcare infrastructure in emerging economies
Increasing demand for personalized medicine

Cord Blood Banking Market Trends

Cord blood banking market is experiencing a shift toward mechanization and making digital storage and tracking systems. There is a growing trend of hybrid banking models that combine public and private benefits. Moreover, the incorporation of AI in identical donors with patients is gaining trust among patients. The focus on long-term stem cell preservation for future treatments is steadily rising across various demographic groups.

Emerging Developments in the Cord Blood Banking Industry

Cord blood banking industry is evolving with innovations in stem cell expansion and gene editing technologies. The emergence of blockchain-based security systems for sample tracking and consent management is being explored. Additionally, research partnerships between biotech firms and hospitals are paving the way for more advanced therapeutic applications and improved storage protocols.