Tissue Banking Market Growth, Analysis, Size, Industry Share and Forecast 2022-27

According to the latest report by IMARC Group, titled “Tissue Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” The global tissue banking market reached a value of US$ 1.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.83 Billion by 2027, exhibiting at a CAGR of 11.9% during 2022-2027.

Tissue banking represents the process of preparing, collecting, and preserving transplantable human tissues for potential therapeutic uses. The tissues obtained are used in replacing and healing the affected or lost tissues of the patients. In line with this, they are also utilized to repair damaged heart muscles, treat spinal cord injuries, heal skin from severe burns, etc. Presently, there are numerous advancements in clinical trials and biomedical research. Consequently, tissue preservation and banking is gaining extensive traction across the globe.

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Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.

Market Trends:

The expanding geriatric population and the sudden outbreak of the COVID-19 pandemic are primarily driving the tissue banking market. Additionally, the growing number of individuals undergoing surgical interventions is increasing the use of human tissue allografts that are adopted to repair limbs, relieve pain, and improve the life quality of patients. Besides this, researchers are relying on tissue banks to understand cellular responses and the biological impact of infection, collect tissue specimens, identify new therapeutic interventions and prevention strategies, etc., which is acting as another significant growth-inducing factor. Moreover, the increasing popularity of tissue banks for the transplantation of tendons, corneas, bones, heart valves, skin, etc., is also positively influencing the global market. Apart from this, they can minimize the risk of bacterial and fungal contamination of tissues by using aseptic surgical equipment, techniques, and supplies while processing and storing the tissue from the donor. Furthermore, the emerging trend of cosmetic surgeries, on account of the inflating disposable income levels and the rising consumer consciousness towards physical appearances, is anticipated to fuel the tissue banking market over the forecasted period.

Breakup by Product:

  • Equipment

    • Cryopreservation Equipment

    • Thawing Equipment

    • Quality Control Equipment

    • Others

  • Media and Consumables

Breakup by Application:

  • Therapeutics

  • Medical Research

  • Others

Breakup by Tissue Type:

  • Cardiovascular Tissue

  • Lung Tissue

  • Kidney Tissue

  • Pancreas Tissue

  • Liver Tissue

  • Eye Tissue

  • Others

Breakup by Region:

  • North America (United States, Canada)

  • Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)

  • Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)

  • Latin America (Brazil, Mexico, Others)

  • Middle East and Africa

Competitive Landscape with Key Player:

  • AMS Biotechnology

  • Beckman Coulter Inc. (Danaher Corporation)

  • Bio-Rad Laboratories Inc.

  • Brooks Life Sciences Inc. (Brooks Automation Inc.)

  • Eppendorf AG

  • Merck KGaA

  • PHC Corporation

  • QIAGEN N.V.

  • Sartorius AG

  • Taylor-Wharton

  • Thermo Fisher Scientific Inc.

  • VWR International LLC (Avantor Inc).

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As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

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