The Global Tissue Bank Equipment Market is estimated at USD 1.3 billion in 2020 and is projected to reach a revised size of USD 2.7 billion by 2027, growing at a CAGR of 11.5% during the analysis period 2020-2027.

Tissue Banking Equipment Market Overview:

A tissue bank is a collection of tissues such as blood, bones, heart valves, skin, corneas, veins, and delicate tissues from donors that are extracted, cleaned, processed, and preserved for medical procedures or medical research. Tissue Banking is an innovative approach to treating infection, blood and immune problems. Harvesting cells, tissues and organs afflicted by disease, trauma and aging is part of the regenerative prescription. A tissue is a group of similar cells that work together to serve a certain purpose in the body. Human tissues and organs preserved in cryogenic environments can be used to treat a variety of diseases. Tissue banking has a wide range of applications including the use of bone allografts in combined spinal surgery, ligament allografts for knee tendon replacements, heart valves for the treatment of intracardiac malformations in children, Bone meal and marrow regeneration of undeveloped cells of bone. Tissue banking is the process of extracting, processing, storing and distributing human tissue for transplantation. Human tissue is extracted and used to repair or replace diseased or missing tissue in a living person. Human cadaver cornea, bone, fascia, heart valves, skin, cartilage, joints, tendons, and dura are typically harvested and used. Tissue banking collects, prepares and preserves transplantable human tissue for possible therapeutic use.

Tissue Banking Equipment market size, estimates and forecasts are provided in terms of sales volume (K units) and revenue (million USD), with historical and forecast data for the period 2017 to 2030, with 2022 being considered as the base year. This report segments the global Tissue Banking Equipment market in detail. Regional market sizes related to products by type, by application, and by player are also delivered. In estimating the size of the market, we took into account the impact of COVID-19 and the Russian-Ukraine war.

Major Segments Covered in the Global Tissue Banking Equipment Market:

Market Key Players:
Thermo Fisher Scientific, Brooks Automation, Worthington Industries, BioLife Solutions, Panasonic Healthcare, Custom Biogenic Systems, Merck, Bluechiip, Hamilton Bonaduz, Beckman Coulter, And Others.

Tissue Banking Equipment Market by Types:

• Freezers, Storage System, Thawing Equipment, Labelling and Coding Equipment, Other

Tissue Banking Equipment Market by Applications:

• Hospitals, Tissue Banks, Research and Academics Institutes, Diagnostic Laboratories, Other

Tissue Banking Equipment Market by Regions:

The report estimates revenue growth at the worldwide, regional and country level and delivers analysis of the recent industry trends in each sub-segment from 2017 to 2030.

The market for tissue banking equipment and consumables in the United States is estimated at USD 364 million in 2020. As the world's second largest economy, China is projected to reach a projected market size of USD 467.3 million by 2027, reaching a CAGR of 10.8. % for the analysis period 2020-2027. Among other notable geographic markets are Japan and Canada, which are expected to grow at 10.4% and 9.8%, respectively, over the 2020-2027 period. Within Europe, Germany is expected to grow at a CAGR of about 8.2%.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Driver

Increasing use of advanced organizational banking methods is expected to drive market growth during the forecast period. For example, in August 2022, Carnegie Mellon University's Biothermal Technologies Laboratory introduced a new isovolumic preservation model method, called cryopreservation, for the preservation of organs and tissues. Cryopreserving tissues and organs without damaging them requires delicate handling based on thermodynamic principles. The success of cryopreservation, a research focus on preserving whole organs for long-term storage and viability, could be a major medical advance. Currently, organs such as the heart, liver and pancreas can survive outside the body for hours. Cryopreservation has the potential to extend this time limit to several days or even longer. Cryopreservation has only been successful with very small tissues, such as embryos and stem cells.

 Restraint:

Major factors hampering the growth of the global tissue bank market include the complex system of tissue bank organization and the need for high technical expertise and skilled personnel to function properly in dedicated facilities. Small errors in established protocols can lead to loss of expensive tissue, injury to recipients, and increased risk of fatal disease and tumor spread. Lack and scarcity of tissue availability are also major factors hampering the growth of the tissue bank market. According to the Organ Procurement and Transplant Network (OPTN), more than 119,000 men, women, and children in the United States were awaiting life-saving organ transplants in 2017, and more than 8,000 died each year from lack of needed organs.

Report Scope of Global Tissue Banking Equipment Market:

Report Attributes	Details
Growth Rate	CAGR of 11.5% from 2022 to 2030.
By Type	Freezers, Storage System, Thawing Equipment, Labelling and Coding Equipment, Other
By Application	Hospitals, Tissue Banks, Research and Academics Institutes, Diagnostic Laboratories, Other
By Companies	Thermo Fisher Scientific, Brooks Automation, Worthington Industries, BioLife Solutions, Panasonic Healthcare, Custom Biogenic Systems, Merck, Bluechiip, Hamilton Bonaduz, Beckman Coulter
Regions and Countries Covered	North America: (US, Canada, Mexico, Rest of North America) Europe(Germany, France, Italy, Spain, UK, Nordic Countries, Benelux Union, Rest of Europe) Asia-Pacific (Japan, China, India, Australia, South Korea, Southeast Asia, Rest of Asia-Pacific) The Middle East & Africa(Saudi Arabia, UAE, Egypt, South Africa, Rest of the Middle East & Africa) Latin America(Brazil, Argentina, Rest of Latin America) Rest Of the World
Base Year	2022
Historical Year	2017 to 2022
Forecast Year	2023 to 2030

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the Market are discussed in detail wherein the different end users of the Market are explained in detail.
• Data and information by Market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the Market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.

Frequently Asked Questions-

What is the CAGR of Tissue Banking Equipment market?

The Tissue Banking Equipment Market is growing at a CAGR of 11.5% During Forecast Period.

 What are the key types of Tissue Banking Equipment market?

Freezers, Storage System, Thawing Equipment, Labelling and Coding Equipment, Other

What are the key applications of Tissue Banking Equipment market?

Hospitals, Tissue Banks, Research and Academics Institutes, Diagnostic Laboratories, Other        

Who are the key players in Tissue Banking Equipment market?

Thermo Fisher Scientific, Brooks Automation, Worthington Industries, BioLife Solutions, Panasonic Healthcare, Custom Biogenic Systems, Merck, Bluechiip, Hamilton Bonaduz, Beckman Coulter, And others.

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Note – In order to provide a more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19 and the Russia-Ukraine war.