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The global tissue banking market size was valued at USD 1.8 billion in 2023, driven by the increasing innovations in medical technologies across the globe. The market size is anticipated to grow at a CAGR of 11.8% during the forecast period of 2024-2032 to achieve a value of USD 4.9 billion by 2032.
A tissue bank plays a crucial role in gathering and acquiring human cadaver tissue for medical research, educational purposes, and transplant operations. It also involves preserving biomedical tissue under cryogenic conditions for clinical applications. The process of tissue banking is complex and involves collecting, processing, storing, and distributing transplantable human tissues. These tissues are indispensable in repairing or replacing damaged or lost tissues in humans. Furthermore, tissue banking is important in collecting and preserving human tissue and blood samples to advance scientific research.
The market is experiencing significant growth driven by emerging trends and advancements in medical technologies. The increasing emphasis on ex vivo cord blood expansion holds immense promise in the field of regenerative medicine. Ex vivo cord-blood expansion technologies have the potential to revolutionize tissue grafting and transplantation procedures, providing a wider pool of compatible donors for patients in need. Moreover, these technologies are making strides in addressing critical medical challenges such as treating skin wounds and repairing bone defects resulting from trauma or tumor ablation. With increasing advances, the American Association of Tissue Banks (AATB) released Bulletin 23-6 earlier this year introducing mandatory requirements and recommendations aimed at reducing the risk of tuberculosis (TB) transmission through tissues, ensuring the safety and quality of tissue-based medical interventions.
The rapid advancements in technologies supporting ex vivo cord blood expansion are driving the global tissue banking market growth. These innovations are not only increasing the possibilities of tissue grafting and transplantation but also enhancing the overall safety and effectiveness of tissue-based treatments. With these emerging trends, market growth is driven by increasing demand for advanced tissue products and the growing awareness of their potential to address various medical conditions. Consequently, the market is witnessing a dynamic shift towards cutting-edge solutions that promise to improve patient outcomes and redefine the future of regenerative medicine.
Market Breakup by Product
Market Breakup by Tissue Type
Market Breakup by Application
Market Breakup by End User
Market Breakup by Region
The market is experiencing robust growth driven by factors that show the increasing importance of tissue banking in the healthcare sector. The geriatric population, coupled with a surge in the incidence of chronic diseases such as cardiovascular disease, cancer, diabetes, and various lifestyle disorders, has created a substantial demand for tissue banking services. The geriatric population requires medical interventions that often involve the transplantation of bones, tendons, corneas, heart valves, and skin. Additionally, the rising healthcare expenditure across the globe has enabled greater accessibility to tissue banking services, adding further value the global tissue banking market share.
Furthermore, tissue banking has also found wide application beyond transplantation. Hospitals, research and academic institutes, and drug discovery centres increasingly rely on tissue banks to support their research and facilitate advancements in medical science. Tissue samples play a pivotal role in understanding the pathology of diseases, drug testing, and developing innovative therapies. The growing burden of chronic diseases necessitates a continuous supply of well-preserved tissue samples for research purposes. Moreover, the practice of biobanking, wherein biological specimens and tissues are collected, processed, and stored for future use, has gained popularity as well. The growth in demand, ranging from transplantation needs to research and drug discovery has established the tissue banking market as a pivotal part of the healthcare sector further propelling the market growth in the coming years.
Geographically, North America is currently leading the regional market and is expected to dominate throughout the forecast period driven by factors such as rising chronic diseases, a growing number of pharmaceutical companies, coupled with an increasing number of research activities in the region as well. The market is also driven by the presence of key market players, and increased acquisitions. Additionally, increased investments from government organizations in upcoming tissue-banking projects are also a major factor propelling market growth.
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2017-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product |
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| Breakup by Tissue Type |
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| Breakup by Application |
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| Breakup by End User |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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The market attained a value of about USD 1.8 billion in 2023, driven by the rising prevalence of chronic disorders across the globe.
The market is anticipated to grow at a CAGR of 11.8% during the forecast period of 2024-2032, likely to reach a market value of USD 4.9 billion by 2032.
The increasing geriatric population and increasing awareness about the importance of tissue banking are major factors driving the market growth.
The rising practice of biobanking is a major trend influencing the market growth.
The major regions of the market include North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America is currently leading the global market.
Different products in the market include equipment, media, and consumables.
Tissue types include heart valves, cornea, bone, brain and spinal cord, and skin.
It finds application in therapeutic, cosmetic, research and development, and drug discovery, among others.
End users in the market are biobanks, hospitals and clinics, research and academic institutes, among others.
Key players involved in the market are Thermo Fisher Scientific Inc., Sigma-Aldrich Co., BioLifeSolutions, Lifeline Scientific, Cesca Therapeutics, Inc., Core Dynamics GmbH, Custom Biogenic Systems, Atlanta Biologics Pvt. Ltd., Taylor-Wharton, Panasonic Holdings Corporation, QIAGEN, VWR International, LLC, and Eppendorf AG.
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+61-448-061-727
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+1-415-325-5166
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124
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