Press Release

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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