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 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.

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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.

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

Competitive Landscape with Key Player:

  • 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).

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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.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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