Tissue Banking Market Size, Share, Analysis, Trends, Growth, Forecasts, 2032

Tissue Banking Market Insights

According to a report from Zion Market Research, the global Tissue Banking Market was valued at USD 1.80 Billion in 2023 and is projected to hit USD 4.44 Billion by 2032, with a compound annual growth rate (CAGR) of 10.54% during the forecast period 2024-2032. This report explores market strengths, weakness, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and the future prospects that may emerge in the Tissue Banking Market industry over the next decade.

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Tissue Banking Market: Overview

Tissue bank is an establishment that involves processing, harvesting, storage and supply of transplantable human tissues. The establishment of the tissue banks have saved many precious lives as, the Tissues obtained from the human body are applied in healing and replacing the diseased or lost tissues of living human body. The tissue bank provision help assist in banking of freshly-frozen tissue specimen. A tissue bank also indicates to place where biomedical tissues are stored under controlled cryogenic conditions and generally used for medical research purpose. This assemblage of tissues play vital role in research into various disorders & diseases and in general healthcare. They are also be used in repairing damaged heart muscles post heart attacks, treatment of spinal cord injuries, skin healing in case of burn victims and serve many other significant applications as well.

Tissue Banking Market: COVID-19 Impact Analysis

COVID-19 pandemic has caused both economic and social disruption. Owing to COVID-19, the other minor disease market have been severely affected. As with the increasing COVID-19 the peoples have reduced the check-ups and diagnosis of minor diseases owing to the fear of COVID-19. People have minimized the routine body check-ups and others owing to COVID situations in the hospital. Lockdown in various countries also led to decrease medical tourism impacting the market growth. These problems have led us to the increase in the demand of the tissues harvesting and reduced the donations of tissues to the tissue banks.

Tissue Banking Market: Growth factors

Tissue banks are found to be having the crucial importance in research, educational and hospital establishment as they provide blood products and human tissue. Owing to High potential of tissue banking to assist the various lifesaving purposes is driving the global tissue banking market.

Also, advancement in Biobanking technology, thriving healthcare industry and various government initiatives are expected to fuel the market growth.

Regenerative medicine having substantial potential of creating living, functional tissues that are able to repair or replace lost tissues due to aging, damage, diseases or inborn defects is further propelling the market growth.

However, there is less awareness and the tissue donations are some of the factors can act as a restrain to the market growth. Moreover, there are the issues regarding the stability, efficient storage and some of the regulatory guidelines which can be the responsible factors that can hamper the market growth during the forecast period 2024 – 2032.

Tissue Banking Market: Report Scope

Application Segment Analysis

The establishment of the tissue banks have saved many precious lives as, the Tissues obtained from the human body are applied in healing and replacing the diseased or lost tissues of living human body. The applications of the tissue banking are Regenerative Medicine, Biobanking, Drug Discovery, and Therapeutics. Tissue banking are largely used in the drug discovery. In these wide spread of the epidemic, owing the need to rise in the technology and the drugs with higher potency and therapeutic effect, tissue banking is playing the major role in the research.

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Regional Segment Analysis

In terms of region, the global tissue banking market is divided into North America, Asia-Pacific.

North America holds the largest share of 43% of the global tissue banking market. The development in the technology such as Biobanking and rising commonness of various chronic diseases such as cancer, diabetes, and other cardiac diseases can be the responsible factors to elevate the growth of the market. Progressions in healthcare organization and rising awareness among people are some of the factors driving the global tissue banking market growth in the region.

Asia-Pacific is likely to drive the tissue banking market. The growing number of tissue banks, rising healthcare expenses, improvements in healthcare facility and increasing healthcare insurance coverage are some of the factors attributed to the growth of the market.

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Tissue Banking Market: Competitive Landscape

Some of the major companies operating in the global Tissue Banking Market are

• Thermo Fisher Scientific
• Backman Coulter Inc.
• Taylor-Wharton
• BioLife Solutions Inc.
• Sigma-Aldrich Corporation
• Custom Biogenic Systems Inc.
• Brooks Automation
• Panasonic Biomedical.

The detailed description of players includes parameters such as company overview, financial overview, business, and recent developments and SWOT analysis of the company.

This report segments the global Tissue Banking Market as follows:

By Tissue Type

• Cardiovascular tissue
• Lung tissue
• Kidney tissue
• Pancreas tissue
• liver tissue
• Eye tissue
• Other tissues 

By Equipment Type

• Cold storage equipment 
• Tissue Processor
• Freezers
• Thawing Equipment
• Labeling and coding Equipment
• Reagents and Chemicals
• Specimen Collection
• Accessories 

By Application

• Human Application
• Research Application

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa