Tissue Banking Market is expected to undergo a CAGR of 10.90% By 2029
An influential Tissue Banking Market report contains myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, drivers, restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. A comprehensive discussion about numerous market related topics in the report is sure to assist the client in studying the market on competitive landscape. Tissue Banking Market research report is prepared with detailed statistics and market research insights that results in sharp growth and thriving sustainability in the market for the businesses.
The tissue banking market is growing during the forecast period of 2022-2029. The growing elderly population, as well as the increased incidence of cardiovascular disease, cancer, diabetes, and other lifestyle disorders, are both contributing to the growth of the worldwide tissue banking market.
Data Bridge Market Research analyses that the tissue banking market which was USD 1.46 billion in 2021, would rocket up to USD 3.34 billion by 2029, and is expected to undergo a CAGR of 10.90% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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The procedure of gathering, processing, and conserving transplantable human tissues for possible therapeutic purposes is referred to as tissue banking. The tissues recovered are used to repair and replace the patients’ damaged or missing tissues. Injuries to the spinal cord, damaged heart muscles, and skin from severe burns can all be treated with them. The need for tissue banking and preservation is currently being driven by developments in biomedical research and clinical trials.
Drivers
- Rising aging population
Additionally, the utilization of human tissue allografts is expanding globally because of an aging population and an increased number of people having surgical procedures. These tissues are utilized to restore limb function, lessen pain, and enhance the quality of life for patients. Additionally, the industry is being driven by the new trend of cosmetic surgery as a result of rising disposable income and rising body consciousness among people.
- Rise in chronic diseases
Growing chronic illness prevalence, rising healthcare spending on developing new pharmaceuticals, and expanding tissue engineering technology are some of the main drivers of the tissue banking market. According to recent data released by the WHO, chronic diseases are one of the world’s biggest problems, and they are responsible for roughly 60% of all fatalities globally. The market is expanding as a result of developing clinical studies, rising organ donation and storage, and developments in the biopharmaceutical sector.
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Some of the major players operating in the tissue banking market are:
- Thermo Fisher Scientific Inc. (U.S.)
- Sigma-Aldrich Co. (U.S.)
- BioLifeSolutions (U.S.)
- Lifeline Scientific (U.S.)
- BioCision, Cesca Therapeutics, Inc. (U.S.)
- core dynamics GmbH (U.S.)
- Custom Biogenic Systems (U.S.)
- Atlanta Biologics Pvt. Ltd. (U.S.)
- Taylor-Wharton (U.S.)
- Panasonic Holdings Corporation (Japan)
- QIAGEN (Germany)
- VWR International, LLC (U.S.)
- Danaher (U.S.)
- Tecan Trading AG (Switzerland)
- Brooks Automation, Inc. (U.S.)
Tissue Banking Market Scope
Product
- Equipment
- Cryopreservation Equipment
- Thawing Equipment
- Quality Control Equipment
- Others
- Media and Consumables
Tissue Type
- Heart Valves
- Cornea
- Brain and Spinal Cord
- Bone and Skin
Application
- Therapeutic
- Cosmetic
- Research and Development
- Drug Discovery
End-User
- Biobanks
- Hospitals and Clinics
Research and Academic Institutes
Others
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Critical Insights Related to This Market Included in the Report:
- Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
- Value chain analysis of prominent players in the market
- Current trends influencing the dynamics of this market across various geographies
- Recent mergers, acquisitions, collaborations, and partnerships
- Revenue growth of this industry over the forecast period
- Marketing strategy study and growth trends
- Growth driven factor analysis
- Emerging recess segments and region-wise market
- An empirical evaluation of the curve of this market
- Ancient, Present, and Probable scope of the market from both prospect value and volume
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