Global Tissue Banking Market Report and Forecast 2024-2032

Global Tissue Banking Market Outlook

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.

Tissue Banking: Introduction

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.

Global Tissue Banking Market Analysis

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.

Global Tissue Banking Market Segmentations

Market Breakup by Product

• Equipment

• Media

• Consumables

Market Breakup by Tissue Type

• Heart Valves

• ornea

• Bone

• Skin

• Brain and Spinal Cord

• Others

Market Breakup by Application

• Therapeutic

• Cosmetic

• Research and Development

• Drug Discovery

• Others

Market Breakup by End User

• Biobanks

• Hospitals and Clinics

• Research and Academic Institutes

• Others

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Global Tissue Banking Market Overview

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.

Global Tissue Banking Market: Competitor Landscape

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:

• 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 

• Eppendorf AG 

Key Highlights of the Report

Tissue Banking Market Report Snapshots

Tissue Banking Market Size

Tissue Banking Market Analysis

Tissue Banking Companies