The Global Tissue Banking Market size was valued at USD 1.63 Billion in 2022 and is projected to reach USD 3.70 Billion by 2030, growing at a CAGR of 10.8% from 2023 to 2030.

Tissue Banking Market Overview:

Tissue banks are institutions that collect and restore human cadaver tissue for medical research, education, and allotransplantation. A tissue bank can also refer to a location where biomedical tissue is stored under cryogenic conditions, often in a more clinical sense. A tissue bank is an organization that offers donor screening, recovery, processing, storage and/or distribution of allograft tissue. Currently, there are three levels of tissue banking regulation: the U.S. Food and Drug Administration (FDA), the American Association of Tissue Banks (AATB), and state governments.

Tissue banking refers to the process of collecting, preparing, and preserving transplantable human tissues for potential therapeutic uses. The tissues obtained are utilized in healing and replacing the affected or lost tissues of the patients. They are also used to repair damaged heart muscles, treat spinal cord injuries, and heal skin from severe burns. At present, advancements in clinical trials and biomedical research are contributing to the demand for tissue preservation and banking across the globe.

Tissues are a group of similar cells forming a definite structural composition to perform a particular function in the living being. Tissues are vital for the proper functioning of the body as these act as the cellular intermediary between cells and other body organs. There are four basic types of tissues – muscle tissue, epithelial tissue, connective tissue, and nervous tissue. Tissue banking is used to collect, preserve, and store human tissues such as cadaver tissues and organs for medical and research applications.

Major Segments Covered in the Global Tissue Banking Market:

• Thermo Fisher Inc. 
• Brooks Automation 
• Worthington Industries Inc.
• Custom Biogenic Systems Inc. 
• Panasonic Healthcare Co. Ltd.
• BioLife Solutions, Inc
• Merck & Co. Inc. (Sigma-Aldrich Corporation),
• Hamilton Bonaduz AG
• Beckman Coulter Inc.
• Others.

Key Vendors:

1.Thermo Fisher Inc.: It is the biggest company in the world that helps scientists. Our goal is to give our customers the tools they need to make the world healthier, cleaner, and better. We are here to help our customers, whether they are trying to speed up life sciences research, solve difficult analytical problems, increase productivity in their labs, improve patient health through diagnostics, or develop and make life-changing treatments. Through our industry-leading names, such as Thermo Scientific, Applied Bio Systems, Invitrogen, Fisher Scientific, Unity Lab Services, Patheon, and PPD, our global team offers an unbeatable mix of new technologies, easy purchasing and pharmaceutical services.Analytical Instruments, Laboratory Supply Chain Programs and ecommerce, Laboratory Equipment, Lab Services, Specialty Diagnostics, Life Sciences, Pharma Services, and CDMO are some of the things that this company specializes.

2.Brooks Automation: It is one of the best places to get help with automation. We have been a key part of the semiconductor business for more than 40 years, helping chip manufacturers all over the world with precision robotics, integrated automation systems, and contamination control solutions.Semiconductor Wafer Handling Systems, Semiconductor Atmospheric and Vacuum Robots, and LF and HF RFID Readers and Antennas are some of the things this company specializes.

3.Worthington Industries: It is a major global industrial manufacturing company that provides innovative solutions to customers in many industries, including transportation, construction, industrial, agriculture, retail, and energy. Worthington is the best company in North America for adding value to steel and making laser-welded products. It is also a leading worldwide supplier of pressure cylinders and accessories for uses like fuel storage, water systems, outdoor living, tools and parties.
The WAVE joint effort between Worthington and Armstrong is the leader in North America when it comes to new ceiling solutions.Flat-rolled steel, metal ceiling grid systems, pressure cylinders, alternative fuels, steel pallets, automobile service stampings for older models, and laser-welded blanks are some of the things this company specializes.

4.Custom Biogenic Systems Inc.: It is the leader when it comes to designing and making lab supplies and goods. We also sell standing freezer racks, chest freezer racks, liquid nitrogen freezer racks, canisters/cassettes and frames, as well as laboratory boxes and dividers. Liquid Nitrogen Freezers, Cryogenic Freezing, Custom Inventory, Custom Cryogenic, Freezer Racks, Dry Storage, LN2 Freezers, Isothermal Freezers, and Controlled Rate Freezing are some of the things that this company specializes.

5.Bio Life Solutions: It is a major provider of tools and services for making cell and gene therapies. Our tools include our own CryoStor® and HypoThermosol® biopreservation media for shipping and storage, the ThawSTAR® family of automated, water-free thawing products, the evo® cold chain management system, high capacity cryogenic storage freezers, Stirling Ultracold mechanical freezers, SciSafe biologic storage services and Sexton Biotechnologies cell processing tools.Bio preservation media for cells, tissues, and organs, cGMP freeze media, cGMP hypothermic storage media and contract media preparation, fill, and finish services are some of the things this company specializes.

Tissue Banking Market by Types:

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

Tissue Banking Market by Applications:

• Hospitals
• Tissue Banks
• Biotech Companies
• Research and Academics Institutes

Tissue Banking Market by Regions:

The report estimates revenue growth at the worldwide, regional and country level and delivers analysis of the recent industry trends in each sub-segment from 2017 to 2030.

North America held a 45.0% market share in 2017. Increase in the prevalence of cardiovascular diseases along with increase in healthcare expenditure per capita and availability of better and advanced healthcare facilities has led to an increase in people's spending on healthcare. Increasing mergers and acquisitions, new product launches, and technological advancements are expected to drive the organizational banking market in Europe during the forecast period. China and India are lucrative markets, and the launch of new products is also a factor driving the organizational banking market in Asia Pacific. In July 2018, PHC launched a brand-new -85°C ultra-low temperature refrigerator VIP ECO series 1 for the Japanese market, using natural refrigerant 2 and a new inverter compressor, which is specially designed for pharmaceutical companies and scientific research and medical institutions.

Latin America, Middle East and Africa is expected to account for a significant share of the global organizational banking market during the forecast period. An increase in the use of different allograft products has been observed in these countries. The establishment of various biobanking organizations is expected to drive the tissue banking market over the forecast period. Numerous government and private organizations are working on the development of tissue banks to cater to the growing demand for human tissue in the region, which in turn is expected to offer lucrative growth opportunities in the coming years.

• North America
• US
• Canada
• Mexico
• Rest of North America
• Europe
• Germany
• France
• Italy
• Spain
• UK
• Nordic Countries
• Denmark
• Finland
• Iceland
• Sweden
• Norway
• Benelux Union
• Belgium
• The Netherlands
• Luxembourg
• Rest of Europe
• Asia-Pacific
• Japan
• China
• India
• Australia
• South Korea
• Southeast Asia
• Indonesia
• Thailand
• Malaysia
• Singapore
• Rest of 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:

Driver:

Furthermore, the use of human tissue allografts is expanding globally owing to the aging population and increasing number of people undergoing surgical procedures. These tissues are used to restore limb function, reduce pain and improve the patient's quality of life. Moreover, new trends in cosmetic surgery are driving the industry due to rising disposable income and increasing body awareness among people.

Rising prevalence of chronic diseases, rising healthcare expenditure for development of new drugs, and expansion of tissue engineering technologies are some of the major drivers for the tissue banking market. Chronic disease is one of the world's biggest problems, accounting for approximately 60% of all deaths globally, according to recent figures released by the World Health Organization. The market is expanding owing to the conduct of clinical studies, increase in organ donation and storage, and development in the field of biopharmaceuticals.

Opportunity:

Prevalence of chronic diseases, advancements in drug discovery and development, increased research and development funding by governmental and non-governmental organizations, and advancements in regenerative medicine are all contributing to the growth of the global tissue banking market. Additionally, biotech start-ups are creating biobanks, further fueling market expansion. For example, Orig3n is working to build the most diverse biobank, harnessing the power of induced pluripotent stem cell technology to accelerate regenerative medicine.

Challenges:

On the other hand, high costs associated with this market will hamper the growth rate. Lack of skilled professionals and lack of healthcare infrastructure in developing economies will challenge the tissue bank market.

This organizational banking market report provides details of recent new developments, trade regulations, import/export analysis, production analysis, value chain optimization, market share, impact of domestic and local market players, analyzes opportunities, changes in emerging revenue streams Market regulations, strategic market growth analysis, market size, category market growth, application areas and dominance, product approvals, product launches, geographical expansion, technological innovations in the market. To get more information on Organized Banking Market Contact Data Bridge Market Research for analyst briefing and our team will help you to make well-informed market decisions for market growth.

Scope of Report: 

Conclusion: 

Banks are very important to the economic growth of a country because they have a lot of power over how much money is in circulation and are the major drivers of economic growth. Economic growth is a dynamic and ongoing process that depends a lot on how well resources are used, investments are made, and how well the different parts of the economy work together.

The success of banks and other financial institutions needs to be measured because it shows how the bank uses its resources to reach its goals. Since the banking industry is so important to a modern economy, it is very important that it works well. So, a strong banking industry and other financial institutions are important for growth, creating jobs, making money, getting rid of poverty, increasing entrepreneurship, and growing Gross Domestic Product (GDP).