Middle East & Africa Umbilical Cord Blood Banking Market Forecast to 2031 - Regional Analysis - by Bank Type (Public and Private), Service (Storage and Processing), and End User (Hospitals, Research Institutes, and Others)

Description

List of Tables

The Middle East & Africa umbilical cord blood banking market was valued at US$ 102.40 million in 2023 and is anticipated to reach US$ 193.87 million by 2031; it is estimated to register a CAGR of 8.3% from 2023 to 2031.

Increasing Hybrid Banking Models Drive Middle East & Africa Umbilical Cord Blood Banking Market

Hybrid banking models combine the advantages of private and public cord blood banking, offering a more comprehensive and flexible approach to stem cell storage and usage. These days, a lot of public banks are partnering with private cord blood banks using a hybrid model.

In a hybrid banking model, families have the option to store a portion of their baby's cord blood in a private bank for their exclusive use while donating another portion to a public bank for potential use by others in need. This dual storage approach secures personalized treatment options for the family and contributes to the public stem cell registry, expanding the pool of available units for transplantation. Moreover, hybrid banking models align with the growing emphasis on personalized medicine and the importance of collaborative healthcare approaches. They reflect a shift toward a more patient-centric and community-focused healthcare framework, where the collective benefit of stem cell research and therapy is prioritized alongside individual needs.

Owing to the increasing technological advancements and rising demand for stem cell therapies, hybrid banking models are expected to emerge as a major trend in the Middle East & Africa umbilical cord blood banking market during the forecast period.

Middle East & Africa Umbilical Cord Blood Banking Market Overview

Public umbilical cord blood stem cell bank (UCB SCB) helps in addressing the significant unmet need for bone marrow (BM) transplants. Therefore, by filling a significant gap in the healthcare system, establishing a public UCB SCB would be the right step toward raising the standard of care in South Africa. To keep up with the demands of a changing population and to contribute to and profit from global partnerships in tissue transplantation, South Africa needs to investigate the idea of UCB biobanking. These factors necessitate the development of a particular regulatory framework that offers instructions on the use and storage of UCB. In 2021, the largest and most established private cord blood bank in Africa, Biobank (formerly Netcells), partnered with the South African Bone Marrow Registry (SABMR) to provide cord blood stem cells to patients requiring stem cell transplants.

Middle East & Africa Umbilical Cord Blood Banking Market Revenue and Forecast to 2031 (US$ Million)

Middle East & Africa Umbilical Cord Blood Banking Market Segmentation

The Middle East & Africa umbilical cord blood banking market is segmented into bank type, service, end user, and country.

Based on bank type, the Middle East & Africa umbilical cord blood banking market is bifurcated into public and private. The public segment held a larger market share in 2023.

In terms of service, the Middle East & Africa umbilical cord blood banking market is bifurcated into storage and processing. The storage segment held a larger market share in 2023.

By end user, the Middle East & Africa umbilical cord blood banking market is segmented into hospitals, research institutes, and others. The hospitals segment held the largest market share in 2023.

By country, the Middle East & Africa umbilical cord blood banking market is segmented into South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa. South Africa dominated the Middle East & Africa umbilical cord blood banking market share in 2023.

CryoViva Singapore, NovaCord, Revvity Inc, and WMDA are some of the leading companies operating in the Middle East & Africa umbilical cord blood banking market.

Product Code: BMIRE00031423

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Secondary Research
3.2 Primary Research
- 3.2.1 Hypothesis formulation:
- 3.2.2 Macro-economic factor analysis:
- 3.2.3 Developing base number:
- 3.2.4 Data Triangulation:
- 3.2.5 Country level data:

4. Umbilical Cord Blood Banking Market Landscape

4.1 Overview
4.2 PEST Analysis

5. Middle East & Africa Umbilical Cord Blood Banking Market - Key Market Dynamics

5.1 Middle East & Africa Umbilical Cord Blood Banking Market - Key Market Dynamics
5.2 Market Drivers
- 5.2.1 Rising Prevalence of Chronic Illnesses
- 5.2.2 Evolving Field of Regenerative Medicine
5.3 Market Restraints
- 5.3.1 Stringent Rules and Regulations
5.4 Market Opportunities
- 5.4.1 Rise in Government Funding
5.5 Future Trends
- 5.5.1 Increasing Hybrid Banking Models
5.6 Impact of Drivers and Restraints:

6. Umbilical Cord Blood Banking Market -Middle East & Africa Market Analysis

6.1 Middle East & Africa Umbilical Cord Blood Banking Market Overview
6.2 Middle East & Africa Umbilical Cord Blood Banking Market Revenue (US$ Million), 2021-2031
6.3 Umbilical Cord Blood Banking Market Forecast Analysis

7. Middle East & Africa Umbilical Cord Blood Banking Market Analysis - by Type Of Bank

7.1 Public Cord Blood Banks
- 7.1.1 Overview
- 7.1.2 Public Cord Blood Banks: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
7.2 Private Cord Blood Banks
- 7.2.1 Overview
- 7.2.2 Private Cord Blood Banks: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)

8. Middle East & Africa Umbilical Cord Blood Banking Market Analysis - by Service

8.1 Storage
- 8.1.1 Overview
- 8.1.2 Storage: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
8.2 Processing
- 8.2.1 Overview
- 8.2.2 Processing: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)

9. Middle East & Africa Umbilical Cord Blood Banking Market Analysis - by End User

9.1 Hospitals
- 9.1.1 Overview
- 9.1.2 Hospitals: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
9.2 Research Institutes
- 9.2.1 Overview
- 9.2.2 Research Institutes: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
9.3 Others
- 9.3.1 Overview
- 9.3.2 Others: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)

10. Middle East & Africa Umbilical Cord Blood Banking Market - Country Analysis

10.1 Middle East & Africa Umbilical Cord Blood Banking Market, by Key Countries - Revenue (2023) (US$ Million)
- 10.1.1 Middle East & Africa Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.1 Middle East & Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast Analysis - by Country
  - 10.1.1.2 South Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.2.1 South Africa: Umbilical Cord Blood Banking Market Breakdown, by Type of Bank
    - 10.1.1.2.2 South Africa: Umbilical Cord Blood Banking Market Breakdown, by Service
    - 10.1.1.2.3 South Africa: Umbilical Cord Blood Banking Market Breakdown, by End User
  - 10.1.1.3 Saudi Arabia: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.3.1 Saudi Arabia: Umbilical Cord Blood Banking Market Breakdown, by Type of Bank
    - 10.1.1.3.2 Saudi Arabia: Umbilical Cord Blood Banking Market Breakdown, by Service
    - 10.1.1.3.3 Saudi Arabia: Umbilical Cord Blood Banking Market Breakdown, by End User
  - 10.1.1.4 United Arab Emirates: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.4.1 United Arab Emirates: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
    - 10.1.1.4.2 United Arab Emirates: Umbilical Cord Blood Banking Market Breakdown, by Service
    - 10.1.1.4.3 United Arab Emirates: Umbilical Cord Blood Banking Market Breakdown, by End User
  - 10.1.1.5 Rest of Middle East & Africa: Umbilical Cord Blood Banking Market - Revenue and Forecast to 2031 (US$ Million)
    - 10.1.1.5.1 Rest of Middle East & Africa: Umbilical Cord Blood Banking Market Breakdown, by Type Of Bank
    - 10.1.1.5.2 Rest of Middle East & Africa: Umbilical Cord Blood Banking Market Breakdown, by Service
    - 10.1.1.5.3 Rest of Middle East & Africa: Umbilical Cord Blood Banking Market Breakdown, by End User

11. Company Profiles

11.1 WMDA
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
11.2 NovaCord
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
11.3 CryoViva Singapore
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
11.4 Revvity Inc
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments

12. Appendix

12.1 About The Insight Partners