According to the latest report by IMARC Group, titled “Tissue Banking Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,” the market is expecting to grow at a CAGR of XX% during 2021-2026.
Tissue banking refers to collecting, processing, storing and preserving transplantable human tissues for medical research and therapeutic applications. Tissues are essential for the proper functioning of the body as they are cellular intermediates between cells and body organs. Tissue banking involves washing, radiation sterilization, freeze-drying, crypt-preservation, pasteurization and packaging of the tissues. The obtained samples are widely utilized for replacing damaged tissues and stimulating the healing and recovery of lost tissues in the body. They are also used for the treatment of spinal cord injuries, damaged heart muscles and healing skin from severe burns.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
Tissue Banking Market Trends:
The global tissue banking market is primarily being driven by the rising geriatric population prone to chronic diseases that require intensive surgical interventions. Tissue banking is extensively used for the transplantation of tendons, bones, heart valves and skin. Moreover, various technological advancements, such as the development of biobanking technology and the utilization of robotic sample handling solutions, are providing a thrust to the market growth. These technologies provide a large pool of high-quality samples that aid in enhancing the efficiency of tissue storing systems. Other factors, including the rising demand for cosmetic surgeries, along with the implementation of various government initiatives in the treatment of cell and tissue disorders, are creating a positive outlook for the market.
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Tissue Banking Market 2021-2026 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., and VWR International LLC (Avantor Inc).
The report has segmented the market on the basis on region, disc type, material type and end user.
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 (2015-2020)
Market Outlook (2021-2026)
Porter’s Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
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