Cord Blood Banking Services Manufacturers and Market Growth
The cord blood banking services market was estimated at US$ 33.9 billion in 2023 and is projected to grow to US$ 65.36 billion by 2034, rising at a compound annual growth rate (CAGR) of 6.15% from 2024 to 2034.
Top Companies in the Cord Blood Banking Services Market
- Americord Registry
- Babycell
- BioLife Solutions
- Cordlife Group Limited
- Cryo-Cell International, Inc.
- Cryoviva
- FamiCord Group
- LifeCell International
- Medipost
- NMDP Biosciences
- StemCyte, Inc.
- ViaCell, Inc.
Latest Announcements by Industry Leaders
Mr. Mayur Srisrimal, CEO & Managing Director, LifeCell International, India’s largest cord blood bank, in an interview, demonstrated that the cord blood banking market in India is rapidly growing, owing to a substantial increase among parents and the introduction of affordable pricing plans. He also added that there is a shift toward hybrid banking models benefitting both the children and the parents.
Recent Developments in the Cord Blood Banking Services Market
- In October 2024, researchers from Cordlife Group Limited developed machine-learning models to quantitatively predict the human cord blood-derived CD34+ dose. The back propagation neural network algorithm was found to have the highest predictive power to assist cell banks for optimal cord blood unit selection to ensure the highest chances of transplantation success.
- In March 2023, researchers from the New York Presbyterian Hospital put the first mixed-race female patient with HIV into remission using stem cells from cord blood. It was found that stem cells from transplantation increase the potential to cure HIV compared to compatible adult donors.
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