India Cord Blood Banking Market to Grow with a CAGR of 4.81% through 2030
Surge in research and development activities is
expected to drive the India Cord Blood Banking Market growth in the forecast
period, 2026-2030.
According to TechSci Research report, “India Cord
Blood Banking Market - By Region and Competition, Forecast & Opportunities,
2030F”, the India Cord Blood Banking Market stood at USD 35.38 Million in
2024 and is anticipated to grow with a CAGR of 4.81% through 2030.
The Indian government has established a regulatory
framework to oversee the practice of cord blood banking. The Central Drugs
Standard Control Organization (CDSCO) is responsible for regulating stem cell
and cord blood banking practices, ensuring that they adhere to stringent safety
and quality standards. The guidelines issued by CDSCO address various aspects
of cord blood banking, including collection, processing, storage, and ethical
considerations. These regulations are designed to ensure that cord blood banks
operate in a manner that is safe, effective, and compliant with international
standards.
The Indian government has supported the establishment
of public cord blood banks to facilitate the donation and use of cord blood for
public health purposes. Public cord blood banks collect donated cord blood
units, which are then used for patients in need of stem cell transplants. These
initiatives are often supported through partnerships with hospitals, research
institutions, and non-governmental organizations. Public cord blood banks aim
to increase the availability of stem cells for transplant procedures,
particularly for patients who do not have a matching donor within their
families.
The Indian government provides funding and support for
research in the field of stem cell science, including research related to cord
blood. Various government bodies, such as the Department of Biotechnology (DBT)
and the ICMR, offer grants and financial assistance to research institutions
and organizations working on stem cell technologies and applications. These
funding opportunities are intended to advance scientific knowledge, develop new
therapies, and improve the techniques used in cord blood collection,
processing, and storage.
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The most direct impact of increased R&D on the
cord blood banking market is the significant advancements in stem cell
research. Over the past decade, scientific research has expanded the understanding
of the potential applications of cord blood stem cells. These cells are now
recognized for their ability to treat a broader range of conditions, including
various forms of cancer, genetic disorders, and autoimmune diseases. Such
advancements have led to increased interest and investment in cord blood
banking, as parents and healthcare providers alike recognize the growing
potential for these cells to contribute to future medical treatments.
R&D efforts have also driven innovations in the
technologies used for the collection, processing, and storage of cord blood.
Technological advancements have improved the efficiency and reliability of
these processes, enhancing the overall quality of the cord blood preserved. New
technologies in cryopreservation, for example, have increased the longevity and
viability of stored cord blood, ensuring that it remains a valuable resource
for potential future use. These innovations contribute to greater consumer
confidence and have played a crucial role in the growing adoption of cord blood
banking services.
India Cord Blood Banking Market is segmented into service,
component, application, sector, regional distribution, and company.
Based on Service, Sample Analysis have
emerged as the dominating segment in the India Cord Blood Banking Market in 2024.
One of the primary reasons for the
dominance of sample analysis is the stringent focus on ensuring the viability
and quality of cord blood stem cells. The process of cord blood banking
involves the collection, processing, and storage of stem cells, but the success
of these procedures hinges on thorough sample analysis. Accurate analysis of
cord blood samples is essential for determining the quantity and quality of
stem cells, which directly impacts their effectiveness in future medical
treatments. As a result, cord blood banks invest significantly in advanced
analytical technologies and techniques to meet high standards of quality
control.
Technological advancements have played a
crucial role in the rise of sample analysis within the cord blood banking
sector. Innovations in laboratory equipment and analytical methods have
improved the precision and efficiency of sample testing. High-throughput
testing technologies, such as flow cytometry and polymerase chain reaction
(PCR), allow for detailed assessment of stem cell characteristics, including
cell count, viability, and genetic markers. These advanced technologies enable
more accurate and reliable analysis, reinforcing the importance of sample
analysis in the cord blood banking process.
Based on Region, North India have emerged as the fastest
growing region in the India Cord Blood Banking Market in 2024. There has been a
significant rise in awareness about the benefits of cord blood banking among
expectant parents in North India. This increased awareness is largely due to
targeted educational campaigns and information dissemination by healthcare
providers and cord blood banks. As more parents become informed about the potential
life-saving applications of stem cells, the demand for cord blood banking
services has surged.
North India is home to some of the most populous
states in the country, including Uttar Pradesh, Punjab, and Haryana. The rapid
urbanization and increasing population in these areas are driving up the demand
for advanced healthcare services, including cord blood banking. As cities
expand and new healthcare facilities are established, the need for
comprehensive cord blood storage solutions grows accordingly.
Major companies operating in India Cord Blood Banking
Market are:
- Cryoviva Biotech Pvt. Ltd.
- LifeCell International Pvt Ltd.
- Cordlife Sciences India Pvt Ltd.
- Regrow Biosciences Pvt. Ltd.
- ReeLabs Pvt. Ltd.
- StemCyte India Therapeutics Pvt. Ltd.
- Reliance Life Sciences Pvt. Ltd./India.
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“Cord blood contains hematopoietic stem cells that are
crucial for treating a range of diseases. Magnetic nanoparticles can be used to
separate and purify stem cells more efficiently. By coating these nanoparticles
with specific antibodies, it is possible to selectively capture stem cells from
cord blood, resulting in higher yields and purity. Nanofluidic technologies
enable the manipulation of small volumes of fluids at the nanoscale. These
devices can enhance the efficiency of stem cell processing by providing precise
control over the separation and enrichment of stem cells”, said Mr. Karan
Chechi, Research Director of TechSci Research, a research-based management
consulting firm.
“India Cord Blood Banking Market By Service
(Sample Preservation & Storage, Sample Analysis, Sample Processing, Sample
Collection & Transportation), By Component (Cord Blood and Cord Tissue), By
Application (Cancer Disease, Diabetes, Blood Disease, Immune Disorders,
Metabolic Disorders, Others), By Sector (Public Cord Blood Banks and Private
cord Blood Banks), By Region and Competition, Forecast & Opportunities,
2020-2030F”, has evaluated the future growth potential of India Cord Blood Banking
Market and provides statistics & information on market size, structure, and
future market growth. The report intends to provide cutting-edge market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in India Cord Blood Banking
Market.
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