The global tissue banking market size is projected to reach USD 2.81 billion by 2027 from USD 1.56 billion in 2022. The market is estimated to grow with a CAGR of 11.2% from 2022-2027.
Tissue banks accelerate the collection and storage of tissue specimens. The tissue banks play a crucial role in research into diseases and disorders and healthcare. Tissues can be used to repair damaged heart muscles, skin repair of burns, and spinal cord injury treatment. Different types of tissues can be donated like eye tissue, bone and tendon tissue, heart tissues, and skin tissues.
The regenerative medicines demand is rising which propels the tissue banking market growth. Factors like rising chronic diseases like cardiovascular diseases, cancer, neurological disorders, and excellent treatment with advanced technologies fuel the tissue banking market growth throughout the forecast period.
Along with public organizations, private and other corporate organizations are investing huge capital, enhancements in bio-banking technology and rising expenses in healthcare are some factors boosting the global tissue banking market growth. Past few years, blood donation is increasing, fueling the tissue bank market growth during the forecast period.
The absence of well-experienced and trained professionals to perform transplant surgeries is one of the key factors hindering the tissue banking market. Also, the lack of availability of donors hampers the growth of the market.
The cost factor associated with transplantation surgery limits the tissue banking market growth globally.
The sudden outburst of novel coronavirus (COVID-19) has created an unprecedented challenge in the tissue banks market. Due to the pandemic period, people stopped visiting hospitals, and also gave a break to blood donations, and other medical donations. During the first wave and due to lockdown imposed by different nations, the absence of donors obstructed the tissue banking market growth.
Market Size Available
2022 – 2027
2022 – 2027
By Tissue Type, Equipment, Application, Service Type, End User, and Region
Revenue Forecast by 2027
USD 2.81 Billion
North America, Europe, APAC, RoW
Market Leaders Profiled
Beckman Coulter, BioCision, Tecan Group, Thermo Fisher Scientific, and Others
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The research report on the global tissue banking market has been segmented and sub-segmented based on the following categories:
North America accounts hold the majority of the share in the tissue banking market. The market is likely to continue its dominance throughout the historical period. The U.S market for tissue banking is driven by factors like increasing research and development activities and growth in chronic diseases burden. Around 6 in 10 adults have a chronic disease in the U.S., as per the Center for Disease Control and Prevention (CDC). Nearly 36,000units of red blood cells are required per day in the U.S.
The European tissue banking market is accounted to produce a considerable growth rate over the period. The government of Europe supports tissue banking which accelerates the growth of the market. In the U.K., the NHS Blood and Transplant (NHSBT) is a special health authority with blood, tissue, and organ donation responsibility. The German Society for Tissue Transplantation (DGFG) prepares tissue donation and delivers patients with corneal transplants, bone grafts, and blood vessels. In Europe, the organ centers like Bio Implant Services (BIS) in cooperation with Eurotransplant that play an intermediate role in donating tissue to transplantation. Countries like Spain, Italy, and Sweden are the major countries accounting for a major share in the tissue banking market. The market growth in these countries is due to the high number of donors. Around 17,000people chose blood vessel tissue donation.
Asia-Pacific is refined to record quick growth owing to government initiatives for extending medical services incorporated with the existence of key players throughout the region.
Tissue banking in China is expected to have a quick development.
In 2016, Sanpower Group and its supplementary Nanjing Cenbest disclosed the purchase of China Cord Blood Corporation and Shandong Cord Blood Bank. The Sanpower Group has 8,00,000cord blood samples stored in China. Moreover, Sanpower Group and its secondary Nanjing Cenbest are the largest cord blood banking operators, not only in Asia-Pacific but also globally.
Korea is accounted to hold a large network of tissue banks and also has substantial experience in storage techniques. Korea has even exported some tissues to the dentists of Japan to ease the problem of the lack of human tissue supply in Japan.
Past 30 years, the Indonesian tissue banking market has been experiencing notable developments in launching tissue banks at major hospitals.
The Australian government has moved quickly to supervise the tissue banking sector. The Australian Breast Cancer Tissue Bank (ABCTB) is a breast cancer research resource. Breast cancer is supported by the association network of clinicians and researchers.
However, Latin America is considered as the second quickest growing region globally. Brazil, Mexico and rest of Latin America are the major contributors in the tissue banking market with steady growing rate throughout the forecast period.
The Middle East & African tissue banking market is at its developing stage. The tissue bank in South Africa has witnessed the enhancement and increase in cost to develop quality and safety controls. Building biobanks in Africa like cord blood banks, and other different types of tissue biobanks play a vital role in fighting against non-communicable diseases like sickle cell disease. Biobanking is promoted and accepted in Africa as the samples will be available for the enhancement of therapies and drugs.
Market Key Players
Major companies in the tissue banking market include, Thermo Fisher Scientific, Inc. (U.S.), Custom BioGenic Systems (U.S.), Organ Recovery Systems, Taylor-Wharton International LLC (U.S.), AbD Serotec (a Bio-Rad company) (U.K.), Inc. (U.S.), EMD Millipore Corporation (U.S.), BioCision LLC (U.S.), Teva Pharmaceutical Industries Ltd. (Israel), Sigma-Aldrich Corporation (U.S.), Genzyme Corporation (U.S.), Fisher BioServices, Inc. (U.S.), EPL Archives, Inc. (U.S.), BioStorage Technologies, Inc., AMS Biotechnology (Europe) Limited (U.K.), Beckman Coulter, Inc. (U.S.), Panasonic Biomedical Sales Europe B.V. (Netherlands), and Eppendorf AG (Germany).
Recent Market Developments in the Global Tissue Banking Market
Tissue Banking Market - Forecast (2021 - 2026)
Chapter 1. Tissue Banking Market – Scope & Methodology
1.1. Market Segmentation
1.3. Research Methodology
1.4. Primary Sources
1.5. Secondary Sources
Chapter 2. Tissue Banking Market – Executive Summary
2.1. Market Size & Forecast – (2021 – 2026) ($M/$Bn)
2.2. Key Trends & Insights
2.3. COVID-19 Impact Analysis
2.3.1. Impact during 2021 - 2026
2.3.2. Impact on Supply – Demand
2.3.3. Impact on Production Cost
2.3.4. Impact on Supply Chain
Chapter 3. Tissue Banking Market – Competition Scenario
3.1. Market Share Analysis
3.2. Product Benchmarking
3.3. Competitive Strategy & Development Scenario
3.4. Competitive Pricing Analysis
3.5. Supplier - Distributor Analysis
Chapter 4. Tissue Banking Market Entry Scenario
4.1. Case Studies – Start-up/Thriving Companies
4.2. Regulatory Scenario - By Region
4.3 Customer Analysis
4.4. Porters Five Force Model
4.4.1. Bargaining Power of Suppliers
4.4.2. Bargaining Powers of Customers
4.4.3. Threat of New Entrants
4.4.4. Rivalry among Existing Players
4.4.5. Threat of Substitutes
Chapter 5. Tissue Banking Market - Landscape
5.1. Value Chain Analysis – Key Stakeholders Impact Analysis
5.2. Market Drivers
5.3. Market Restraints/Challenges
5.4. Market Opportunities
Chapter 6. Tissue Banking Market – By Tissue Type
6.4. Soft tissues
6.5. Heart valves
6.7. Umbilical Cord
Chapter 7. Tissue Banking Market – By Equipment
7.1. Cryopreservation Systems
7.2. Labelling and Coding Equipment
7.3. Thawing equipment
7.4. Quality Control Equipment
7.5. Alarming and Monitoring Systems
Chapter 8. Tissue Banking Market – By Applications
8.1. Clinical /Therapeutic
8.2. Medical Research
Chapter 9. Tissue Banking Market – By Service Type
9.2. Tissue retrieval
9.3. Serological testing
9.4. Microbial Testing
9.6. Storage and Preservation
Chapter 10. Tissue Banking Market , By End User
10.2. Research & Academic Institutes
10.3. Biotech Companies
10.4. Ambulatory Surgery Centers
Chapter 11. Tissue Banking Market , By Geography – Market Size, Forecast, Trends & Insights
11.1. North America
11.2.7. Rest of Europe
11.3. Asia Pacific
11.3.2. South Korea
11.3.5. Australia & New Zealand
11.3.6. Rest of Asia-Pacific
11.4. Rest of the World
11.4.1. Middle East
11.4.3. South America
Chapter 12. Tissue Banking Market – Company Profiles – (Overview, Product Portfolio, Financials, Developments)
12.1. Company 1
12.2. Company 2
12.3. Company 3
12.4. Company 4
12.5. Company 5
12.6. Company 6
12.7. Company 7
12.8. Company 8
12.9. Company 9
12.10. Company 10
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