- Thawing equipment
- Labeling & coding equipment
- Storage system
- Alarming & monitoring system
Global Tissue Banking Market was valued at US$ 1,056.5 Million in 2021 and is anticipated to grow at US$ 2,903.4 Million till 2028 recording a CAGR of 12.1% during the forecast period 2022-2028. Rise in demand for regenerative medicines, the prevalence of cancer, diabetes, cardiovascular diseases, and other diseases related to change in life style, technological advancements in the tissue storage technologies, increasing healthcare expenditure, enhanced awareness regarding tissue donation, and establishment of various tissue banks are the major factors driving the growth of the global tissue banking market over the forecast timeframe. The growing elderly population, as well as the increased prevalence of cancer, diabetes, cardiovascular disease, and other lifestyle disorders, are driving the worldwide tissue banking market. For persons of most races in the United States, including African-Americans, Hispanics, and Caucasians, heart disease is the top cause of mortality. According to the Centers for Disease Control and Prevention, over 610,000 individuals die in the United States each year as a result of heart disease, accounting for one out of every four deaths. Coronary heart disease (CHD) is the leading cause of death in the United States, killing approximately 370,000 individuals each year. Technological advances in the field of tissue banking have resulted in new and novel products such as ultra-low freezers and automated freezers, which can store nearly one billion samples at a very low temperature around the world.
Fastest Growing Market
Increase in the demand for regenerative medicines is a key factor drive the global tissue banking market. Regenerative medicine is the process of creating living, functional tissues to repair or replace tissue or organ function lost due to age, disease, damage, or congenital defects. According to National Institute of Health (NIH), Approximately 500,000 Americans benefit from a transplant each year. Moreover, the prevalence of diseases like cardiovascular diseases, cancer, obesity like metabolic diseases and increase in cases of skin replacements are anticipated to propel the global increase in market over the forecast years.
2021 is the base year and 2028 is the forecast year.
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.