The North America Cord Blood Banking Services Market would witness market growth of 11.7% CAGR during the forecast period (2022-2028).
Cord blood is the blood that is still present in the placenta and umbilical cord after a baby is delivered. Similar to those found in the bone marrow, it is abundant in blood stem cells, which can be employed to treat a variety of malignancies, immunological deficiencies, and genetic abnormalities. A cord blood transplant is used to treat a variety of significant illnesses, including bone marrow failure, sickle cell anemia, immunodeficiency, thalassemia, and metabolic problems. Blood cancers including leukemia and lymphoma are also treated with this procedure. Cord blood banking is the process of obtaining cord blood, extracting its stem cells and immune system cells, and cryogenically storing them for use in the future.
The stem cells in umbilical cord blood are abundant. Stem cells are useful because they aid in the treatment of a variety of fatal diseases. The majority of healthy individuals have no trouble producing stem cells. Unfortunately, due to a serious illness or medical condition, some people don't produce enough healthy stem cells. For certain people, stem cells from cord blood may even save their lives. These stem cells can be gathered and stored in cord blood banks. Medical professionals employ cord blood stem cells for transplantation in ill patients or for scientific studies.
The FDA's regulations do not require prior permission for the use of cord blood that has been kept for individual use or to be used by first- or second-degree relatives and meet other requirements. Other FDA criteria, such as establishment registration and listing, infectious disease screening and testing of donors (except when utilized for the original donor) and compliance with current good tissue practice regulations, still apply to private cord banks. Thus, the cord blood banking services market would expand in the North America region.
The US market dominated the North America Cord Blood Banking Services Market by Country in 2021; thereby, achieving a market value of $739.3 million by 2028. The Canada market is experiencing a CAGR of 13.9% during (2022 - 2028). Additionally, The Mexico market would exhibit a CAGR of 13.6% during (2022 - 2028).
Based on Component, the market is segmented into Cord Tissue and Cord Blood. Based on Storage Services, the market is segmented into Private Cord Blood Banks and Public Cord Blood Banks. Based on Application, the market is segmented into Diabetes, Cancer Disease, Blood Disease, Immune Disorders, Metabolic Disorders, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Cord Blood Banking Services Market is Predict to reach $2.9 Billion by 2028, at a CAGR of 13.1%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include AMAG Pharmaceuticals, Inc., Americord Registry LLC, StemCyte, Inc., Cordlife Group Limited, cordvida, Cryo-Cell International, Inc., CryoHoldco de LatinoAmérica and Vita 34 AG
Scope of the Study
Market Segments Covered in the Report:
By Component
By Storage Services
- Private Cord Blood Banks
- Public Cord Blood Banks
By Application
- Diabetes
- Cancer Disease
- Blood Disease
- Immune Disorders
- Metabolic Disorders
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- AMAG Pharmaceuticals, Inc.
- Americord Registry LLC
- StemCyte, Inc.
- Cordlife Group Limited
- cordvida
- Cryo-Cell International, Inc.
- CryoHoldco de LatinoAmérica
- Vita 34 AG
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Cord Blood Banking Services Market, by Component
1.4.2 North America Cord Blood Banking Services Market, by Storage Services
1.4.3 North America Cord Blood Banking Services Market, by Application
1.4.4 North America Cord Blood Banking Services Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Cord Blood Banking Services Market by Component
3.1 North America Cord Tissue Market by Country
3.2 North America Cord Blood Market by Country
Chapter 4. North America Cord Blood Banking Services Market by Storage Services
4.1 North America Private Cord Blood Banks Market by Country
4.2 North America Public Cord Blood Banks Market by Country
Chapter 5. North America Cord Blood Banking Services Market by Application
5.1 North America Diabetes Market by Country
5.2 North America Cancer Disease Market by Country
5.3 North America Blood Disease Market by Country
5.4 North America Immune Disorders Market by Country
5.5 North America Metabolic Disorders Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Cord Blood Banking Services Market by Country
6.1 US Cord Blood Banking Services Market
6.1.1 US Cord Blood Banking Services Market by Component
6.1.2 US Cord Blood Banking Services Market by Storage Services
6.1.3 US Cord Blood Banking Services Market by Application
6.2 Canada Cord Blood Banking Services Market
6.2.1 Canada Cord Blood Banking Services Market by Component
6.2.2 Canada Cord Blood Banking Services Market by Storage Services
6.2.3 Canada Cord Blood Banking Services Market by Application
6.3 Mexico Cord Blood Banking Services Market
6.3.1 Mexico Cord Blood Banking Services Market by Component
6.3.2 Mexico Cord Blood Banking Services Market by Storage Services
6.3.3 Mexico Cord Blood Banking Services Market by Application
6.4 Rest of North America Cord Blood Banking Services Market
6.4.1 Rest of North America Cord Blood Banking Services Market by Component
6.4.2 Rest of North America Cord Blood Banking Services Market by Storage Services
6.4.3 Rest of North America Cord Blood Banking Services Market by Application
Chapter 7. Company Profiles
7.1 AMAG Pharmaceuticals, Inc.
7.1.1 Company Overview
7.2 Americord Registry LLC
7.2.1 Company Overview
7.3 StemCyte, Inc.
7.3.1 Company Overview
7.4 Cordlife Group Limited
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental Analysis
7.5 CordVida
7.5.1 Company Overview
7.6 Cryo-Cell International, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental Analysis
7.7 CryoHoldco de LatinoAmérica
7.7.1 Company Overview
7.8 Vita 34 AG
7.8.1 Company Overview
7.8.2 Financial Analysis
7.8.3 Segmental and Regional Analysis
7.8.4 Research & Development Expenses
TABLE 1 North America Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 2 North America Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 3 North America Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 4 North America Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 5 North America Cord Tissue Market by Country, 2018 - 2021, USD Million
TABLE 6 North America Cord Tissue Market by Country, 2022 - 2028, USD Million
TABLE 7 North America Cord Blood Market by Country, 2018 - 2021, USD Million
TABLE 8 North America Cord Blood Market by Country, 2022 - 2028, USD Million
TABLE 9 North America Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 10 North America Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 11 North America Private Cord Blood Banks Market by Country, 2018 - 2021, USD Million
TABLE 12 North America Private Cord Blood Banks Market by Country, 2022 - 2028, USD Million
TABLE 13 North America Public Cord Blood Banks Market by Country, 2018 - 2021, USD Million
TABLE 14 North America Public Cord Blood Banks Market by Country, 2022 - 2028, USD Million
TABLE 15 North America Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 16 North America Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 17 North America Diabetes Market by Country, 2018 - 2021, USD Million
TABLE 18 North America Diabetes Market by Country, 2022 - 2028, USD Million
TABLE 19 North America Cancer Disease Market by Country, 2018 - 2021, USD Million
TABLE 20 North America Cancer Disease Market by Country, 2022 - 2028, USD Million
TABLE 21 North America Blood Disease Market by Country, 2018 - 2021, USD Million
TABLE 22 North America Blood Disease Market by Country, 2022 - 2028, USD Million
TABLE 23 North America Immune Disorders Market by Country, 2018 - 2021, USD Million
TABLE 24 North America Immune Disorders Market by Country, 2022 - 2028, USD Million
TABLE 25 North America Metabolic Disorders Market by Country, 2018 - 2021, USD Million
TABLE 26 North America Metabolic Disorders Market by Country, 2022 - 2028, USD Million
TABLE 27 North America Others Market by Country, 2018 - 2021, USD Million
TABLE 28 North America Others Market by Country, 2022 - 2028, USD Million
TABLE 29 North America Cord Blood Banking Services Market by Country, 2018 - 2021, USD Million
TABLE 30 North America Cord Blood Banking Services Market by Country, 2022 - 2028, USD Million
TABLE 31 US Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 32 US Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 33 US Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 34 US Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 35 US Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 36 US Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 37 US Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 38 US Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 39 Canada Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 40 Canada Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 41 Canada Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 42 Canada Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 43 Canada Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 44 Canada Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 45 Canada Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 46 Canada Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 47 Mexico Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 48 Mexico Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 49 Mexico Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 50 Mexico Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 51 Mexico Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 52 Mexico Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 53 Mexico Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 54 Mexico Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 55 Rest of North America Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 56 Rest of North America Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 57 Rest of North America Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 58 Rest of North America Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 59 Rest of North America Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 60 Rest of North America Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 61 Rest of North America Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 62 Rest of North America Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 63 key information – AMAG Pharmaceuticals, Inc.
TABLE 64 Key Information – Americord Registry LLC
TABLE 65 Key Information – StemCyte, Inc.
TABLE 66 Key Information – Cordlife Group Limited
TABLE 67 Key Information – CordVida
TABLE 68 Key Information – Cryo-Cell International, Inc.
TABLE 69 Key Information – CryoHoldco de LatinoAmérica
TABLE 70 Key Information – Vita 34 AG
List of Figures
FIG 1 Methodology for the research