The global tissue banking market reached a value of US$ 1.46 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 2.83 Billion by 2027, exhibiting a CAGR of 11.9% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.
Tissue banking refers to the process of collecting, preparing, and preserving transplantable human tissues for potential therapeutic uses. The tissues obtained are utilized in healing and replacing the affected or lost tissues of the patients. They are also used to repair damaged heart muscles, treat spinal cord injuries, and heal skin from severe burns. At present, advancements in clinical trials and biomedical research are contributing to the demand for tissue preservation and banking across the globe.
Tissue banking refers to the process of collecting, preparing, and preserving transplantable human tissues for potential therapeutic uses. The tissues obtained are utilized in healing and replacing the affected or lost tissues of the patients. They are also used to repair damaged heart muscles, treat spinal cord injuries, and heal skin from severe burns. At present, advancements in clinical trials and biomedical research are contributing to the demand for tissue preservation and banking across the globe.
Tissue Banking Market Trends:
The coronavirus disease (COVID-19) pandemic has caused several deaths globally. As a result, researchers are relying on tissue banks to collect tissue specimens, understand cellular responses and the biological impact of infection and identify new therapeutic interventions and prevention strategies. Apart from this, the growing diagnosis of new diseases is escalating the demand for tissue banking in drug discovery. Moreover, the increasing prevalence of chronic diseases is positively influencing the adoption of tissue banks for the transplantation of bones, tendons, corneas, heart valves, and skin. Additionally, the rising geriatric population, in confluence with the growing number of individuals undergoing surgical interventions, is increasing the use of human tissue allografts across the globe. These tissues are used to repair limbs, relieve pain, and improve patients' life quality. Furthermore, the emerging trend of cosmetic surgeries on account of inflating disposable income and the growing consciousness among individuals about physical appearances is driving the market. Besides this, tissue banks can reduce the risk of bacterial and fungal contamination of tissues by using aseptic surgical techniques, equipment and supplies while processing and storing the tissue from the donor. This, in confluence with rising concerns about cross-infection, is creating a positive market outlook.Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global tissue banking market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and tissue type.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:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 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., and VWR International LLC (Avantor Inc).Key Questions Answered in this Report:
- How has the global tissue banking market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global tissue banking market?
- What are the key regional markets?
- What is the breakup of the market based on the product?
- What is the breakup of the market based on the application?
- What is the breakup of the market based on the tissue type?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global tissue banking market and who are the key players?
- What is the degree of competition in the industry?
Frequently Asked Questions about the Global Tissue Banking Market
What is the estimated value of the Global Tissue Banking Market?
What is the growth rate of the Global Tissue Banking Market?
What is the forecasted size of the Global Tissue Banking Market?
Who are the key companies in the Global Tissue Banking Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 143 |
| Published | February 2022 |
| Forecast Period | 2021 - 2027 |
| Estimated Market Value ( USD | $ 1.46 Billion |
| Forecasted Market Value ( USD | $ 2.83 Billion |
| Compound Annual Growth Rate | 11.7% |
| Regions Covered | Global |
| No. of Companies Mentioned | 12 |
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Tissue Banking Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Tissue Type
9 Market Breakup by Region
10 SWOT Analysis
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- 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).
Methodology
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