Umbilical Cord Blood Banking Market Share and Business Opportunities 2031
Umbilical Cord Blood Banking Market: Strategic Insights
Umbilical Cord Blood Banking Market
-
CAGR (2023 - 2031)11.0% -
Market Size 2023
US$ 3.4 Billion -
Market Size 2031
US$ 7.8 Billion
Market Dynamics
GROWTH DRIVERS
- The growing need for stem cell-based therapies due to the rising prevalence of chronic illnesses fuels the umbilical cord blood banking market growth
FUTURE TRENDS
- Increasing technological advancements and rising demand for stem cell therapies, hybrid banking models are expected to emerge as a major trend in the umbilical cord blood banking market during the forecast period.
OPPORTUNITIES
- Rising government funding in cord blood banking is expected to create lucrative opportunities for the umbilical cord blood banking market in the coming years.
Key Players
- Cordlife India
- Biocell
- CryoStemcell
- NovaCord
- LifeCell
- H MA QU BEC
- Atlantic Health System
- WMDA
- CryoViva Singapore
- ViaCord Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Bank Type
- Public and Private
Service
- Storage and Processing
End User
- Hospitals
- Research Institutes