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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Tissue Banking Market Size
The global tissue banking market 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 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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