With 11.9% CAGR, Tissue Banking Market to hit US$ 2.83 Billion 2022-2027

According to the latest report by IMARC Group, titled "Tissue Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global tissue banking market reached a value of US$ 1.46 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 2.83 Billion by 2027, exhibiting at a CAGR of 11.9% during 2022-2027.

Tissue banking refers to the system that deals with the processing, harvesting, storing and transporting of allograft tissues for clinical use. This system is run by skilled personnel and technical experts who focus on preserving the living tissues for a prolonged period of time for later usage. The tissues obtained are generally preserved in low-temperature storage containers that are widely used for replacing and healing the affected or lost tissues of the patients. With the increasing awareness regarding the benefits of tissue implantation and inflating disposable income levels of individuals, there has been a significant rise in the overall tissue banking market across the globe.

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Tissue Banking Market Trends:

The global market is primarily driven by the growing incidences of missing or damaged tissues among the masses. This can be attributed to the rising prevalence of injuries to the spinal cord, skin from severe burns and damaged heart muscles. In addition to this, the escalating prevalence of chronic diseases among individuals is catalyzing the demand for tissue banks for the transplantation of bones, corneas and tendons. Along with this, the increasing investments by private and public agencies for continual developments in the field of tissue engineering are providing a boost to the market. Moreover, continuous technological advancements in the healthcare industry and the tissue collecting and preserving process are creating a positive market outlook. Other factors, including rapid urbanization, the rising geriatric population, the growing number of clinical trials and drug delivery procedures, continual improvements in the overall healthcare infrastructure, and extensive research and development (R&D) activities conducted by key players in the field of tissue engineering, are also positively influencing the market.

Tissue Banking Market 2022-2027 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

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)

The report has segmented the market on the basis on region, product, application, 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

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Key highlights of the report:

Market Performance (2016-2021)
Market Outlook (2022-2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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