The Global Tissue Banking Market Size Is Estimated At USD 1.63 Billion By 2022 And Is Projected To Grow At A CAGR Of 10.8% From 2022 To 2030.

Tissue Banking Market Overview:

Tissue banks are institutions that collect and restore human cadaver tissue for medical research, education, and allotransplantation. A tissue bank can also refer to a location where biomedical tissue is stored under cryogenic conditions, often in a more clinical sense. A tissue bank is an organization that offers donor screening, recovery, processing, storage and/or distribution of allograft tissue. Currently, there are three levels of tissue banking regulation: the U.S. Food and Drug Administration (FDA), the American Association of Tissue Banks (AATB), and state governments.

Tissue Banking 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 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 Market:

Market Key Players:
Thermo Fisher Inc. , Brooks Automation , Worthington Industries, Inc., Custom Biogenic Systems Inc. , Panasonic Healthcare Co., Ltd., BioLife Solutions, Inc, Merck & Co., Inc. (Sigma-Aldrich Corporation), Hamilton Bonaduz AG, Beckman Coulter, Inc., And Others.

Tissue Banking Market by Types:

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

Tissue Banking Market by Applications:

• Hospitals, Tissue Banks, Biotech Companies, Research and Academics Institutes

Tissue Banking 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.

North America held a 45.0% market share in 2017. Increase in the prevalence of cardiovascular diseases along with increase in healthcare expenditure per capita and availability of better and advanced healthcare facilities has led to an increase in people's spending on healthcare. Increasing mergers and acquisitions, new product launches, and technological advancements are expected to drive the organizational banking market in Europe during the forecast period. China and India are lucrative markets, and the launch of new products is also a factor driving the organizational banking market in Asia Pacific. In July 2018, PHC launched a brand-new -85°C ultra-low temperature refrigerator VIP ECO series 1 for the Japanese market, using natural refrigerant 2 and a new inverter compressor, which is specially designed for pharmaceutical companies and scientific research and medical institutions.

Latin America, Middle East and Africa is expected to account for a significant share of the global organizational banking market during the forecast period. An increase in the use of different allograft products has been observed in these countries. The establishment of various biobanking organizations is expected to drive the tissue banking market over the forecast period. Numerous government and private organizations are working on the development of tissue banks to cater to the growing demand for human tissue in the region, which in turn is expected to offer lucrative growth opportunities in the coming years.

• 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:

Furthermore, the use of human tissue allografts is expanding globally owing to the aging population and increasing number of people undergoing surgical procedures. These tissues are used to restore limb function, reduce pain and improve the patient's quality of life. Moreover, new trends in cosmetic surgery are driving the industry due to rising disposable income and increasing body awareness among people.

Rising prevalence of chronic diseases, rising healthcare expenditure for development of new drugs, and expansion of tissue engineering technologies are some of the major drivers for the tissue banking market. Chronic disease is one of the world's biggest problems, accounting for approximately 60% of all deaths globally, according to recent figures released by the World Health Organization. The market is expanding owing to the conduct of clinical studies, increase in organ donation and storage, and development in the field of biopharmaceuticals.

Opportunity:

Prevalence of chronic diseases, advancements in drug discovery and development, increased research and development funding by governmental and non-governmental organizations, and advancements in regenerative medicine are all contributing to the growth of the global tissue banking market. Additionally, biotech start-ups are creating biobanks, further fueling market expansion. For example, Orig3n is working to build the most diverse biobank, harnessing the power of induced pluripotent stem cell technology to accelerate regenerative medicine.

Challenges:

On the other hand, high costs associated with this market will hamper the growth rate. Lack of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the tissue bank market.

This organizational banking market report provides details of recent new developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities, changes in emerging revenue streams Market regulations, strategic market growth analysis, market size, category market growth, application areas and dominance, product approvals, product launches, geographical expansion, technological innovations in the market. To get more information on Organized Banking Market Contact Data Bridge Market Research for analyst briefing and our team will help you to make well-informed market decisions for market growth.

Report Scope of Global Tissue Banking Market:

Report Attributes	Details
Growth Rate	CAGR of 10.8% from 2022 to 2030.
By Type	Freezers, Thawing Equipment, Storage System, Alarming and Coding Equipment, Labelling and Coding Equipment
By Application	Hospitals, Tissue Banks, Biotech Companies, Research and Academics Institutes
By Companies	Thermo Fisher Inc., Brooks Automation, Worthington Industries, Inc., Custom Biogenic Systems Inc., Panasonic Healthcare Co., Ltd., BioLife Solutions, Inc, Merck & Co., Inc. (Sigma-Aldrich Corporation), Hamilton Bonaduz AG, Beckman Coulter, Inc.
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 market?

The Tissue Banking Market is growing at a CAGR of 10.8% During Forecast Period.

 What are the key types of Tissue Banking market?

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

What are the key applications of Tissue Banking market?

Hospitals, Tissue Banks, Biotech Companies, Research and Academics Institutes  

Who are the key players in Tissue Banking market?

Thermo Fisher Inc., Brooks Automation, Worthington Industries, Inc., Custom Biogenic Systems Inc., Panasonic Healthcare Co., Ltd., BioLife Solutions, Inc, Merck & Co., Inc. (Sigma-Aldrich Corporation), Hamilton Bonaduz AG, Beckman Coulter, Inc., 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.