Global Cord Blood Banking Services Market to Reach USD 52.1 Billion by 2033, Growing at 7.9% CAGR
The global Cord Blood Banking Services market is projected to grow strongly over the next decade, rising from an estimated USD 26.3 billion in 2024 to USD 52.1 billion by 2033. This steady growth represents a compound annual growth rate (CAGR) of 7.9%, reflecting increasing demand for stem cell storage and treatment solutions.
One of the key drivers of this growth is the rising prevalence of genetic and blood-related disorders. Conditions such as thalassemia, sickle cell anemia, hemophilia, leukemia, and lymphoma are becoming more common worldwide, creating a higher need for effective treatments. Cord blood, rich in stem cells, has shown strong potential in addressing these diseases. The growing number of leukemia cases, in particular, has heightened demand for cord blood banking services.
According to the U.S. National Heart, Lung, and Blood Institute, sickle cell disease—a serious genetic condition that damages hemoglobin and restricts oxygen transport—affects over 100,000 people in…