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, weaknesses, opportunities, and threats. It also provides valuable insights into the market's growth drivers, challenges, and future prospects that may emerge in the Tissue Banking Market industry over the next decade.

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Tissue Banking Market: Overview

A tissue bank is an establishment that involves processing, harvesting, storage and supply of transplantable human tissues. The establishment of the tissue banks has saved many precious lives as the Tissues obtained from the human body are applied in healing and replacing the diseased or lost tissues of the living human body. The tissue bank provision helps assist in banking of freshly-frozen tissue specimens.

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.

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Tissue Banking Market: Dynamics

Tissue banks are found to have 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, advancements 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

Tissue Banking Market: Segment Analysis

The global tissue banking market is segmented based on tissue type, equipment type, application, and region.

Based on equipment type, the tissue banking market is bifurcated into cold storage equipment, tissue processors, freezers, thawing equipment, labeling and coding equipment, reagents and chemicals, specimen collection, and accessories. Freezers and cold storage equipment are the two largest segments of the global tissue banking market. The freezers segment held More than 20% share of the global tissue banking market. Being provided with a temperature chart recorder and digital temperature display along with a microprocessor controller makes these freezers just apt for tissue banking. Cold storage equipment is among the budding segments with more than 19.4% revenue contribution in 2023, propelling the growth of the market.

On the basis of application, the tissue banking market has been classified into human application and research application. The human application segment dominated the tissue banking market in 2023 with a profitable market share.

Tissue Banking Market: Regional Analysis

North America holds the largest share of 43% of the global tissue banking market. The development in technology such as Biobanking and the rising commonness of various chronic diseases such as cancer, diabetes, and other cardiac diseases can be the responsible factors for elevating the growth of the market. Progressions in healthcare organizations 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 facilities 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.

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