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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Tissue Banking Market Report Snapshots
Tissue Banking Market Analysis
*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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Key Questions Answered in the Report
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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