The latest report by IMARC Group, titled “Tissue Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“, offers a comprehensive analysis of the industry, which comprises insights on the global tissue banking market growth. The global market size reached US$ 1.6 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.1 Billion by 2028, exhibiting a growth rate (CAGR) of 11.65% during 2023-2028.
Tissue banking involves the collection, preservation, storage, and distribution of human tissues for medical purposes. These tissues can include organs, bone, skin, corneas, tendons, and various other biological materials obtained from deceased individuals or living donors through surgical procedures, donations, or transplants. Tissue banking is essential in supporting medical research, transplantation procedures, and the development of innovative medical treatments. It ensures the availability of high-quality tissues for transplantation and medical research while adhering to strict ethical and regulatory guidelines. For instance, tissues for banking can be obtained from deceased individuals who consented to organ and tissue donation and from living donors who may donate specific tissues such as bone marrow or skin. Donation and procurement procedures are carefully managed to respect the wishes of donors and their families. Additionally, tissues undergo meticulous processing and preservation techniques to maintain their viability and integrity, which involve cryopreservation (freezing) or chemical fixation to prevent tissue degradation.
For an in-depth analysis, you can refer sample copy of the report: https://www.imarcgroup.com/tissue-banking-market/requestsample
Tissue Banking Market Trends and Drivers:
The tissue banking market is primarily driven by the growing awareness and acceptance of tissue donation and transplantation. In addition, public education campaigns and initiatives are essential in disseminating information about the importance of tissue donation, which led to an increase in the number of donors, thus influencing the market growth. Moreover, several medical research advancements in recent years have led to an increased understanding of tissue-related diseases and the development of innovative treatment options, which is escalating the demand for high-quality preserved tissues for research purposes, representing another major growth-inducing factor. Besides this, the growing geriatric population is susceptible to numerous health issues, including the need for tissue transplants, bone grafts, skin grafts, and corneal tissues for various medical procedures, including orthopedic surgeries and ophthalmic treatments, which are accelerating market growth. Along with this, the increasing number of chronic ailments such as diabetes, cardiovascular diseases, and organ failure require tissue transplantation as a treatment option, thus propelling the market growth. Furthermore, tissues like blood vessels, heart valves, and tendons are in demand for addressing these health conditions, contributing to the growth of the tissue banking market.
Report Segmentation:
The report has segmented the market into the following categories:
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
Market 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).
Note: If you need specific information that is not currently within the scope of the report, we will provide it to you as a part of the customization.
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