Global Tissue Bank Equipment Market is estimated at USD 1.6 billion in 2022 and is projected to reach a revised size of USD 3.8 billion by 2030 , growing at a CAGR of 11.6% during the analysis period 2022-2030.

Tissue Banking Equipment Market Overview:

A tissue bank is a collection of tissues such as blood, bones, heart valves, skin, corneas, veins, and delicate tissues from donors that are extracted, cleaned, processed, and preserved for medical procedures or medical research. Tissue Banking is an innovative approach to treating infection, blood and immune problems. Harvesting cells, tissues and organs afflicted by disease, trauma and aging is part of the regenerative prescription. A tissue is a group of similar cells that work together to serve a certain purpose in the body.

Human tissues and organs preserved in cryogenic environments can be used to treat a variety of diseases. Tissue banking has a wide range of applications including the use of bone allografts in combined spinal surgery, ligament allografts for knee tendon replacements, heart valves for the treatment of intracardiac malformations in children, Bone meal and marrow regeneration of undeveloped cells of bone.

Tissue banking is the process of extracting, processing, storing and distributing human tissue for transplantation. Human tissue is extracted and used to repair or replace diseased or missing tissue in a living person. Human cadaver cornea, bone, fascia, heart valves, skin, cartilage, joints, tendons, and dura are typically harvested and used. Tissue banking collects, prepares and preserves transplantable human tissue for possible therapeutic use.

The tissue banking equipment market refers to the global industry involved in the manufacturing, distribution, and sale of equipment and devices used for the storage, processing, preservation, and retrieval of biological tissues for medical and research purposes. Tissue banking equipment is specifically designed to maintain the integrity and viability of tissues, such as organs, bones, skin, and blood, which are obtained through various sources like donations, transplants, and research studies.

These equipment play a crucial role in the field of regenerative medicine, transplantation, drug discovery, and biomedical research, where the availability of high-quality preserved tissues is essential. The tissue banking equipment market encompasses a wide range of products, including cryogenic storage systems, freezers, refrigerators, thawing equipment, labeling and tracking systems, processing equipment, and software solutions.

Major Segments Covered in the Global Tissue Banking Equipment Market:

• Thermo Fisher Scientific
• Brooks Automation
• Worthington Industries
• BioLife Solutions
• Panasonic Healthcare
• Custom Biogenic Systems
• Merck
• Bluechiip
• Hamilton Bonaduz
• Beckman Coulter
• Others.

Key Vendors:

• Thermo Fisher Scientific: Thermo Fisher Scientific is a leading global provider of scientific research and laboratory equipment, including a wide range of solutions for the tissue banking industry. They offer a comprehensive portfolio of tissue banking equipment, such as cryogenic storage systems, ultra-low temperature freezers, automated sample management systems, tissue processing equipment, and tracking software. Thermo Fisher Scientific's products are known for their high quality, reliability, and advanced features, which contribute to the efficient storage and preservation of biological tissues.
• Brooks Automation: Brooks Automation is a company that specializes in providing automation solutions for various industries, including the life sciences and healthcare sectors. They offer a range of products and services for tissue banking, such as automated storage systems, robotic sample handling systems, and intelligent software platforms for tracking and managing tissue samples. Brooks Automation's solutions are designed to enhance operational efficiency, reduce human errors, and improve the overall workflow in tissue banking facilities.
• Worthington Industries: Worthington Industries is a diversified manufacturing company that produces a range of products, including cryogenic storage and transportation equipment for the tissue banking industry. They offer cryogenic storage tanks, dewars, and containers that provide secure and reliable storage of biological samples at extremely low temperatures. Worthington Industries' products are designed to meet the stringent requirements for long-term preservation of tissues and ensure the safety and integrity of stored samples.
• BioLife Solutions: BioLife Solutions is a biotechnology company that specializes in developing and supplying innovative biopreservation solutions for the storage and transportation of cells, tissues, and organs. They offer a portfolio of proprietary biopreservation media and related products that enhance the viability, functionality, and longevity of preserved tissues. BioLife Solutions' solutions are designed to maintain the quality and viability of tissues throughout the entire tissue banking process, from collection and processing to long-term storage and distribution.
• Panasonic Healthcare: Panasonic Healthcare, a division of Panasonic Corporation, provides a range of equipment and solutions for the life sciences and healthcare sectors. They offer products for tissue banking, including ultra-low temperature freezers, refrigerators, incubators, and biological safety cabinets. Panasonic Healthcare's equipment is designed with advanced technologies and features to ensure precise temperature control, sample protection, and efficient storage of tissues in tissue banks and research laboratories.

Tissue Banking Equipment Market by Types:

• Freezers
• Storage System
• Thawing Equipment
• Labelling and Coding Equipment
• Other

Freezers: Freezers are equipment used to store biological tissues at low temperatures, typically below -20°C or even as low as -196°C in the case of cryogenic freezers. They provide a controlled environment that preserves the integrity and viability of tissues over extended periods. Freezers are available in different sizes and configurations to accommodate various storage capacities and can include features such as temperature monitoring and alarm systems.

Storage System: Tissue storage systems refer to the infrastructure and organization of storing tissue samples in a controlled and efficient manner. This includes racks, shelves, and cabinets designed to accommodate tissue containers or bags, ensuring easy access and proper organization. Storage systems may incorporate tracking and inventory management features to maintain an accurate record of stored tissues and facilitate efficient sample retrieval.

Thawing Equipment: Thawing equipment is used to safely and effectively thaw frozen tissue samples before use. These equipment ensure controlled and gradual thawing, minimizing the risk of tissue damage or loss of viability. Thawing equipment can employ various methods such as water baths, circulating air, or controlled microwave heating to thaw tissues to the desired temperature.

Labelling and Coding Equipment: Labelling and coding equipment is used to identify and track tissue samples throughout the tissue banking process. This includes label printers, barcode scanners, and labeling software that enable accurate and efficient labeling of tissue containers or bags with unique identifiers. Labelling and coding equipment aids in sample traceability, inventory management, and retrieval.

Other Short Descriptions:

• Processing Equipment: Processing equipment is used to prepare tissue samples for storage or further analysis. It may include tools such as tissue homogenizers, centrifuges, tissue grinders, and automated tissue processors. These equipment facilitate sample processing, extraction, and preparation of specific tissue components for downstream applications.

• Quality Control Instruments: Quality control instruments are used to assess the quality and viability of tissue samples. This can include instruments for measuring parameters such as pH, oxygen levels, cell viability, or molecular characteristics. These instruments help ensure the suitability and integrity of tissues before storage or use.

• Tracking and Monitoring Systems: Tracking and monitoring systems provide real-time monitoring of environmental conditions within tissue storage facilities. This includes monitoring temperature, humidity, and other factors to maintain optimal storage conditions. These systems often have alert mechanisms to notify personnel of any deviations or critical events.

• Safety Equipment: Safety equipment includes items such as personal protective equipment (PPE), biosafety cabinets, and emergency systems to ensure a safe working environment in tissue banking facilities. PPE may include gloves, lab coats, and goggles, while biosafety cabinets provide a contained and sterile environment for handling tissues. Emergency systems can include alarms, fire suppression systems, and emergency eyewash stations.

Tissue Banking Equipment Market by Applications:

• Hospitals
• Tissue Banks
• Research and Academics Institutes
• Diagnostic Laboratories
• Other

Hospitals: Hospitals play a critical role in tissue banking as they are involved in both the collection and utilization of tissues. Hospitals serve as the primary source for procuring tissues through donations or from patients undergoing surgeries. They collaborate with tissue banks to ensure proper collection, processing, and storage of tissues. Additionally, hospitals utilize stored tissues for transplantation procedures, research, and training purposes.

Tissue Banks: Tissue banks are specialized facilities that receive, process, store, and distribute donated tissues for transplantation, research, and educational purposes. They follow strict protocols and regulations to ensure the safety, quality, and traceability of tissue samples. Tissue banks work closely with hospitals, organ procurement organizations, and research institutions to procure and distribute tissues based on specific needs.

Research and Academic Institutes: Research and academic institutes actively engage in tissue banking for various research endeavors. They utilize stored tissues to study diseases, develop new therapies, and advance scientific knowledge. Research institutes often collaborate with tissue banks to access well-preserved and diverse tissue samples for their studies, contributing to advancements in medicine and biology.

Diagnostic Laboratories: Diagnostic laboratories may also participate in tissue banking, particularly in the context of diagnostic testing. Tissue samples are collected, processed, and stored to support diagnostic procedures such as histopathology, molecular testing, and genetic analysis. These laboratories ensure proper handling, preservation, and tracking of tissue samples to provide accurate diagnostic results.

Regulatory Bodies and Accreditation Agencies: Regulatory bodies and accreditation agencies play a crucial role in overseeing and regulating tissue banking practices. They develop and enforce guidelines, standards, and regulations to ensure the quality, safety, and ethical aspects of tissue banking. These organizations conduct inspections and provide certifications to tissue banks, hospitals, and laboratories to ensure compliance with established standards.

Ethics Committees: Ethics committees are responsible for reviewing and approving the ethical aspects of tissue banking, particularly when it involves human tissues. These committees assess the consent processes, privacy protection, and potential risks associated with tissue collection, storage, and utilization. Their role is to ensure that tissue banking practices align with ethical principles and respect the rights and autonomy of donors.

Collaboration Networks: Collaboration networks and consortia facilitate the sharing of tissue samples, data, and expertise among different organizations involved in tissue banking. These networks foster collaboration between hospitals, research institutes, tissue banks, and other stakeholders to enhance research, promote knowledge exchange, and address common challenges in tissue banking.

Tissue Banking Equipment Market by Regions:

The global tissue banking equipment market is segmented by region into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

North America: The North American tissue banking equipment market is expected to be the largest market during the forecast period, owing to the high prevalence of chronic diseases, such as cancer, cardiovascular diseases, and diabetes. Additionally, the increasing number of tissue and organ transplantations in the region is also expected to drive the market growth.

Europe: The European tissue banking equipment market is expected to grow at a significant rate during the forecast period, owing to the rising awareness about the benefits of tissue banking and the increasing number of research institutions in the region.

Asia Pacific: The Asia Pacific tissue banking equipment market is expected to grow at the fastest rate during the forecast period, owing to the rising disposable incomes, increasing government initiatives to support tissue banking, and the growing number of tissue banks in the region.

Latin America: The Latin American tissue banking equipment market is expected to grow at a moderate rate during the forecast period, owing to the increasing awareness about the benefits of tissue banking and the growing number of tissue banks in the region.

Middle East & Africa: The Middle East & Africa tissue banking equipment market is expected to grow at a slow rate during the forecast period, owing to the low awareness about the benefits of tissue banking and the limited number of tissue banks in the region.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
  • Denmark
  • Finland
  • Iceland
  • Sweden
  • Norway
  • Belgium
  • The Netherlands
  • Luxembourg
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Benelux Union
• Rest of Europe
• Asia-Pacific
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Rest of Southeast Asia
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Rest of Asia-Pacific
• The Middle East & Africa
• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest of the Middle East & Africa
• Latin America
• Brazil
• Argentina
• Rest of Latin America

Significant Market Dynamics:

Market Driver

• Increasing demand for tissue transplants: The rising incidence of chronic diseases such as cardiovascular disease, cancer, and diabetes is leading to an increase in the demand for tissue transplants. Tissue transplants are used to treat a variety of conditions, such as heart disease, kidney disease, and bone disease.
• Rising incidence of chronic diseases: The aging population is one of the major factors driving the growth of the tissue banking equipment market. The aging population is more prone to chronic diseases, such as cardiovascular disease, cancer, and diabetes. These diseases require tissue transplants for treatment.
• Technological advancements in tissue banking: Technological advancements in tissue banking, such as the development of new preservation methods and the use of new biomaterials, are also driving the growth of the market. These advancements are making it possible to store and transport tissues for longer periods of time, which is increasing the demand for tissue transplants.

Market Dynamics

• Increasing demand for tissue transplants: The rising incidence of chronic diseases such as cardiovascular disease, cancer, and diabetes is leading to an increase in the demand for tissue transplants. Tissue transplants are used to treat a variety of conditions, such as heart disease, kidney disease, and bone disease.
• Rising incidence of chronic diseases: The aging population is one of the major factors driving the growth of the tissue banking equipment market. The aging population is more prone to chronic diseases, such as cardiovascular disease, cancer, and diabetes. These diseases require tissue transplants for treatment.
• Technological advancements in tissue banking: Technological advancements in tissue banking, such as the development of new preservation methods and the use of new biomaterials, are also driving the growth of the market. These advancements are making it possible to store and transport tissues for longer periods of time, which is increasing the demand for tissue transplants.

Market Restraints

• Stringent regulatory requirements: The tissue banking industry is subject to stringent regulatory requirements. These requirements vary from country to country. The need to comply with these requirements can be a challenge for tissue banks.
• High cost of tissue banking: The cost of tissue banking is high. This is due to the cost of acquiring tissues, the cost of processing and storing tissues, and the cost of transporting tissues. The high cost of tissue banking can be a barrier to entry for new tissue banks.

Market Opportunities

• Growing demand for tissue banking services in developing countries: The demand for tissue banking services is growing in developing countries. This is due to the increasing incidence of chronic diseases and the rising awareness about the benefits of tissue transplants in these countries.
• Development of new tissue banking technologies: The development of new tissue banking technologies, such as the use of stem cells, is expected to create new opportunities for the tissue banking equipment market. These technologies have the potential to revolutionize the way tissues are preserved and used for transplantation.

Market Challenges

• Shortage of qualified personnel: The tissue banking industry is facing a shortage of qualified personnel. This is due to the lack of training programs and the limited number of qualified tissue bankers. The shortage of qualified personnel can hamper the growth of the tissue banking equipment market.
• Lack of awareness about tissue banking: The lack of awareness about tissue banking is a challenge for the tissue banking industry. This is due to the fact that tissue banking is a relatively new field. The lack of awareness can make it difficult for tissue banks to attract donors and patients.

Market Trends

• Growing focus on research and development: Tissue banks are increasingly focusing on research and development. This is to develop new tissue banking technologies and to improve the quality of tissue banking services.
• Increasing adoption of automation: Tissue banks are increasingly adopting automation. This is to improve efficiency and reduce costs.
• Expansion into new markets: Tissue banks are expanding into new markets. This is to meet the growing demand for tissue banking services.

Scope of Report:

Conclusion:
                   In conclusion, the tissue banking equipment market is experiencing steady growth due to the rising demand for tissue transplantation, regenerative medicine, and research activities. Technological advancements, such as improved preservation techniques and automated tracking systems, are driving the market forward. However, the high cost of equipment and limited awareness in certain regions pose challenges to market expansion.

The market is witnessing trends towards automation, digitization, and the integration of artificial intelligence, which enhance operational efficiency and data management in tissue banking facilities. The development of mobile and portable solutions is catering to the need for on-site collection and preservation of tissues, particularly in remote areas.

Points Covered in the Report

• The points that are discussed within the report are the major market players that are involved in the Market such as Market players, raw material suppliers, equipment suppliers, end users, traders, distributors and etc.
• The complete profile of the companies is mentioned. And the capacity, production, price, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, supply, future strategies, and the technological developments that they are making are also included within the report. This report analyzed 12 years of data history and forecast.
• The growth factors of the Market are discussed in detail wherein the different end users of the Market are explained in detail.
• Data and information by Market player, region, type, application and etc., and custom research can be added according to specific requirements.
• The report contains the SWOT analysis of the Market. Finally, the report contains the conclusion part where the opinions of the industrial experts are included.