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Tissue Banking Market Surging Expenditure with a 10.8% CAGR & estimated to surpass US$ 2.5 Billion by 2028 | Industry is Growing with Increasing Demand for Transplantation

January 24th, 2022 Coherent Market Insights Releases

Tissue banking is a method of harvesting, processing, storing and distributing transplantable human tissues. Tissues derived from the human body are used to repair or replace diseased or lost tissues in the living human body. Durometers are common tissues harvested and used from the human carcasses, tendons, joints, cartilage, skin, heart valves, fascia, bones, and cornea.

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Global Tissue Banking Market: Drivers

As per a 2018 report from the University of Texas Southwestern Medical Center, approximately 450,000 Americans underwent tissue transplants to improve or save their lives, and nearly 45,000 corneal transplants were performed to restore vision. As per the same source, more than 300,000 bone grafts were likely to be used to treat bone deformities, malignant and traumatic wounds. Demand for this specialty has grown significantly as a result of recent corporate scandals. Heart valves are used in pediatric surgeries, even in young children.

As per Ovarian Cancer Canada (OCC), 2017, the OCC Tissue Banking Network collects samples from 800 to 1,000 women with ovarian cancer each year. In 2016, approximately 1,409 women with gynecological cancer donated tissue, resulting in more than 7,000 samples being collected, processed and banking through the network.

The size of the global tissue banking market was estimated at US$ 1.04 billion in 2017 and during the estimated period (2018 – 2026) it is likely to witness a CAGR of 10.8%.

Global Tissue Banking Market: Restraints

Tissue Banking Institution is a complex system and requires highly technical skills and skilled staff to function properly in a dedicated facility. Minor errors in established protocols can cause damage to expensive tissues, harm recipients, and increase the risk of malignant diseases and tumor infections. Lack of availability of tissues is also a major factor hindering the growth of the tissue banking market. As per the Organ Procurement and Transplantation Network (OPTN), in 2016, more than 119,000 men, women and children were waiting for life-saving organ transplants in the US, and more than 8,000 people die each year due to lack of essential organs.

Global Tissue Banking Market: Regional Analysis

On the basis of region, the global tissue banking market is divided into North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The European tissue banking market is likely to generate significant revenue share over the estimated period due to increasing government support. For example, the NHS Blood and Transplant (NHSBT) is a specialized health authority in the UK responsible for blood, organ and tissue donation.

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The Asia Pacific Tissue Banking Market is likely to grow at the highest CAGR in the estimated period due to the growing demand for tissue banking and the government’s initiative to bridge the supply gap. In 2017, the National Biomaterial Center (National Tissue Bank) was inaugurated at New Delhi, India, with the aim of bridging the gap between supply and demand of tissues. The center will also guarantee quality in the availability of various tissues. As per the Indian Ministry of Health, the national tissue bank will meet the demand for tissue transplantation, including activities for purchase, storage and distribution of biomaterials.

Global Tissue Banking Market: Competitive Landscape

On the basis of Product, the Global Tissue Banking Market is segmented into:

  • Media and Consumables
  • Equipment

On the basis of Tissue, the Global Tissue Banking Market is segmented into:

  • Bone
  • Brain & Spinal Cord
  • Cornea
  • Heart Valves
  • Skin
  • Others

On the basis of Region, the Global Tissue Banking Market is segmented into:

  • North America
  • Latin America
  • Europe
  • Asia Pacific
  • Middle East
  • Africa

Global Tissue Banking Market: Competitive Landscape

Key players performing in the global tissue banking market are Teva Pharmaceutical Industries Ltd., PHC Corporation, Merck KGaA, Hamilton Company, Genzyme Corporation, Fisher BioServices Inc., EMD Millipore Corporation, Eppendorf AG, Custom BioGenic Systems, BioStorage Technologies Inc., BioCision LLC, Beckman Coulter Inc., BioLife Solutions Inc., AMS Biotechnology Limited, and AbD Serotec (a Bio-Rad company).

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Reasons to Purchase This Report

• Current and future of Tissue Banking Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players

Table of Contents

  1. Research Objective and Assumption
    • Research Objectives
    • Assumptions
    • Abbreviations
  2. Market Overview
    • Report Description
      • Market Definition and Scope
    • Executive Summary
      • Market Snippet, By Product
      • Market Snippet, By Tissue Type
      • Market Snippet, By Region
    • Coherent Opportunity Map (COM)
  3. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
    • Impact Analysis
    • Market Trends
    • Key Developments
    • Technological Advancements
    • Supply Chain Analysis
    • Regulatory Landscape
    • PEST Analysis
  4. Global Tissue Banking Market, By Product, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Media and Consumables
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Equipment
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
      • Cryopreservation Equipment
      • Quality Control Equipment
      • Thawing Equipment
      • Others
  5. Global Tissue Banking Market, By Tissue Type, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, 2017 – 2026
      • Segment Trends
    • Bone
      •  Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Brain and Spinal Cord
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Cornea
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Heart Valves
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
    • Others
      • Introduction
      • Market Size and Forecast, and Y-o-Y Growth, 2016 – 2026, (US$ Million)
  6. Global Tissue Banking Market, By Region, 2016 – 2026, (US$ Million)
    • Introduction
      • Market Share Analysis, By Region, 2018 and 2026 (%)
      • Y-o-Y Growth Analysis, By Region, 2016 – 2026
      • Regional Trends
    • North America
      • Market Size and Forecast, By Product, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Tissue Type, 2016 – 2026, (US$ Million)
      • Market Size and Forecast, By Country, 2016 – 2026, (US$ Million)
        • U.S.
        • Canada
    • Europe
      • U.K.
      • Germany
      • Italy
      • France
      • Spain
      • Russia
      • Rest of Europe
    • Asia Pacific
      • China
      • Japan
      • India
      • ASEAN
      • Australia
      • South Korea
      • Rest of Asia Pacific
    • Latin America
      • Brazil
      • Mexico
      • Argentina
      • Rest of Latin America
    • Africa
      • Northern Africa
      • Central Africa
      • South Africa
    • Middle East
      • GCC Countries
      • Israel
      • Rest of Middle East

View Press Release: https://www.coherentmarketinsights.com/press-release/tissue-banking-market-to-surpass-us-25-billion-by-2026-1378

About Us:

Coherent Market Insights is a global market intelligence and consulting organization that provides syndicated research reports, customized research reports, and consulting services. We are known for our actionable insights and authentic reports in various domains including aerospace and defense, agriculture, food and beverages, automotive, chemicals and materials, and virtually all domains and an exhaustive list of sub-domains under the sun. We create value for clients through our highly reliable and accurate reports. We are also committed in playing a leading role in offering insights in various sectors post-COVID-19 and continue to deliver measurable, sustainable results for our clients.

Contact:

Coherent Market Insights
1001 4th Ave, #3200 Seattle, WA 98154, U.S.
Email: sales@coherentmarketinsights.com
United States of America: +1-206-701-6702
United Kingdom: +44-020-8133-4027
Japan: +050-5539-1737
India: +91-848-285-0837

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