The Asia Pacific Cord Blood Banking Services Market would witness market growth of 14.0% CAGR during the forecast period (2022-2028).
Increased adoption of cord blood banking services to treat conditions like immune disorders, cancer, diabetes and others, growth in the use of cord blood banking services in maternity hospitals, and an increase in population around the world are factors that are predicted to propel the growth of the global cord blood banking services market.
On the other hand, it is anticipated that the exorbitant cost of services will partially impede expansion. However, healthcare organizations' increased investment in cord blood stem cell research and commercialization is anticipated to generate enormous prospects for the industry's expansion.
The government initiative that has resulted in an increase in the number of cord blood banks and increased knowledge of the advantages of employing cord blood stem cells for the treatment of chronic diseases, like cancer, is likely to fuel the market expansion of cord blood banking services.
The Indian Health technology sector was valued at about $1.9bn in 2020. By 2023, this amount is expected to reach $ 5B. The healthcare sector in India is being driven by the rising prevalence of lifestyle diseases, increasing demand for affordable healthcare delivery systems due to technological advancements and government initiatives such as e-health, along with tax benefits and incentives. Through the improvement of health infrastructure, the programme aims to reduce the incidence of cancers linked to tobacco use, detect and treat uterine cervical cancer early, and provide therapy services, pain relief, and palliative care. Owing to all these elements, the market for cord blood banking services is estimated to grow rapidly in the Asia Pacific region.
The China market dominated the Asia Pacific Cord Blood Banking Services Market by Country in 2021; thereby, achieving a market value of $253.1 million by 2028. The Japan market is registering a CAGR of 13.3% during (2022 - 2028). Additionally, The India market would showcase a CAGR of 14.7% 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 China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Cord Blood Banking Services Market is Projected to reach USD 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
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
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 Asia Pacific Cord Blood Banking Services Market, by Component
1.4.2 Asia Pacific Cord Blood Banking Services Market, by Storage Services
1.4.3 Asia Pacific Cord Blood Banking Services Market, by Application
1.4.4 Asia Pacific 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. Asia Pacific Cord Blood Banking Services Market by Component
3.1 Asia Pacific Cord Tissue Market by Country
3.2 Asia Pacific Cord Blood Market by Country
Chapter 4. Asia Pacific Cord Blood Banking Services Market by Storage Services
4.1 Asia Pacific Private Cord Blood Banks Market by Country
4.2 Asia Pacific Public Cord Blood Banks Market by Country
Chapter 5. Asia Pacific Cord Blood Banking Services Market by Application
5.1 Asia Pacific Diabetes Market by Country
5.2 Asia Pacific Cancer Disease Market by Country
5.3 Asia Pacific Blood Disease Market by Country
5.4 Asia Pacific Immune Disorders Market by Country
5.5 Asia Pacific Metabolic Disorders Market by Country
5.6 Asia Pacific Others Market by Country
Chapter 6. Asia Pacific Cord Blood Banking Services Market by Country
6.1 China Cord Blood Banking Services Market
6.1.1 China Cord Blood Banking Services Market by Component
6.1.2 China Cord Blood Banking Services Market by Storage Services
6.1.3 China Cord Blood Banking Services Market by Application
6.2 Japan Cord Blood Banking Services Market
6.2.1 Japan Cord Blood Banking Services Market by Component
6.2.2 Japan Cord Blood Banking Services Market by Storage Services
6.2.3 Japan Cord Blood Banking Services Market by Application
6.3 India Cord Blood Banking Services Market
6.3.1 India Cord Blood Banking Services Market by Component
6.3.2 India Cord Blood Banking Services Market by Storage Services
6.3.3 India Cord Blood Banking Services Market by Application
6.4 South Korea Cord Blood Banking Services Market
6.4.1 South Korea Cord Blood Banking Services Market by Component
6.4.2 South Korea Cord Blood Banking Services Market by Storage Services
6.4.3 South Korea Cord Blood Banking Services Market by Application
6.5 Singapore Cord Blood Banking Services Market
6.5.1 Singapore Cord Blood Banking Services Market by Component
6.5.2 Singapore Cord Blood Banking Services Market by Storage Services
6.5.3 Singapore Cord Blood Banking Services Market by Application
6.6 Malaysia Cord Blood Banking Services Market
6.6.1 Malaysia Cord Blood Banking Services Market by Component
6.6.2 Malaysia Cord Blood Banking Services Market by Storage Services
6.6.3 Malaysia Cord Blood Banking Services Market by Application
6.7 Rest of Asia Pacific Cord Blood Banking Services Market
6.7.1 Rest of Asia Pacific Cord Blood Banking Services Market by Component
6.7.2 Rest of Asia Pacific Cord Blood Banking Services Market by Storage Services
6.7.3 Rest of Asia Pacific 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 Asia Pacific Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 2 Asia Pacific Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 3 Asia Pacific Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 4 Asia Pacific Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 5 Asia Pacific Cord Tissue Market by Country, 2018 - 2021, USD Million
TABLE 6 Asia Pacific Cord Tissue Market by Country, 2022 - 2028, USD Million
TABLE 7 Asia Pacific Cord Blood Market by Country, 2018 - 2021, USD Million
TABLE 8 Asia Pacific Cord Blood Market by Country, 2022 - 2028, USD Million
TABLE 9 Asia Pacific Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 10 Asia Pacific Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 11 Asia Pacific Private Cord Blood Banks Market by Country, 2018 - 2021, USD Million
TABLE 12 Asia Pacific Private Cord Blood Banks Market by Country, 2022 - 2028, USD Million
TABLE 13 Asia Pacific Public Cord Blood Banks Market by Country, 2018 - 2021, USD Million
TABLE 14 Asia Pacific Public Cord Blood Banks Market by Country, 2022 - 2028, USD Million
TABLE 15 Asia Pacific Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 16 Asia Pacific Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 17 Asia Pacific Diabetes Market by Country, 2018 - 2021, USD Million
TABLE 18 Asia Pacific Diabetes Market by Country, 2022 - 2028, USD Million
TABLE 19 Asia Pacific Cancer Disease Market by Country, 2018 - 2021, USD Million
TABLE 20 Asia Pacific Cancer Disease Market by Country, 2022 - 2028, USD Million
TABLE 21 Asia Pacific Blood Disease Market by Country, 2018 - 2021, USD Million
TABLE 22 Asia Pacific Blood Disease Market by Country, 2022 - 2028, USD Million
TABLE 23 Asia Pacific Immune Disorders Market by Country, 2018 - 2021, USD Million
TABLE 24 Asia Pacific Immune Disorders Market by Country, 2022 - 2028, USD Million
TABLE 25 Asia Pacific Metabolic Disorders Market by Country, 2018 - 2021, USD Million
TABLE 26 Asia Pacific Metabolic Disorders Market by Country, 2022 - 2028, USD Million
TABLE 27 Asia Pacific Others Market by Country, 2018 - 2021, USD Million
TABLE 28 Asia Pacific Others Market by Country, 2022 - 2028, USD Million
TABLE 29 Asia Pacific Cord Blood Banking Services Market by Country, 2018 - 2021, USD Million
TABLE 30 Asia Pacific Cord Blood Banking Services Market by Country, 2022 - 2028, USD Million
TABLE 31 China Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 32 China Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 33 China Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 34 China Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 35 China Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 36 China Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 37 China Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 38 China Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 39 Japan Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 40 Japan Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 41 Japan Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 42 Japan Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 43 Japan Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 44 Japan Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 45 Japan Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 46 Japan Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 47 India Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 48 India Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 49 India Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 50 India Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 51 India Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 52 India Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 53 India Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 54 India Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 55 South Korea Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 56 South Korea Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 57 South Korea Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 58 South Korea Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 59 South Korea Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 60 South Korea Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 61 South Korea Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 62 South Korea Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 63 Singapore Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 64 Singapore Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 65 Singapore Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 66 Singapore Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 67 Singapore Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 68 Singapore Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 69 Singapore Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 70 Singapore Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 71 Malaysia Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 72 Malaysia Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 73 Malaysia Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 74 Malaysia Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 75 Malaysia Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 76 Malaysia Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 77 Malaysia Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 78 Malaysia Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 79 Rest of Asia Pacific Cord Blood Banking Services Market, 2018 - 2021, USD Million
TABLE 80 Rest of Asia Pacific Cord Blood Banking Services Market, 2022 - 2028, USD Million
TABLE 81 Rest of Asia Pacific Cord Blood Banking Services Market by Component, 2018 - 2021, USD Million
TABLE 82 Rest of Asia Pacific Cord Blood Banking Services Market by Component, 2022 - 2028, USD Million
TABLE 83 Rest of Asia Pacific Cord Blood Banking Services Market by Storage Services, 2018 - 2021, USD Million
TABLE 84 Rest of Asia Pacific Cord Blood Banking Services Market by Storage Services, 2022 - 2028, USD Million
TABLE 85 Rest of Asia Pacific Cord Blood Banking Services Market by Application, 2018 - 2021, USD Million
TABLE 86 Rest of Asia Pacific Cord Blood Banking Services Market by Application, 2022 - 2028, USD Million
TABLE 87 key information – AMAG Pharmaceuticals, Inc.
TABLE 88 Key Information – Americord Registry LLC
TABLE 89 Key Information – StemCyte, Inc.
TABLE 90 Key Information – Cordlife Group Limited
TABLE 91 Key Information – CordVida
TABLE 92 Key Information – Cryo-Cell International, Inc.
TABLE 93 Key Information – CryoHoldco de LatinoAmérica
TABLE 94 Key Information – Vita 34 AG
List of Figures
FIG 1 Methodology for the research