Tissue banking has given a promising hope for treating various debilitating conditions such as neurological diseases, cardiovascular, cancer, diabetes mellitus and other autoimmune diseases. Tissue banking is the collection and preservation of allograft/autograft tissue from people who died from sudden illness or accident or some other reason. It includes tissues like blood, bone, heart, valves, skin, cornea, blood vessel and soft tissues etc. Human tissue is used for different treatments like treatment of burns, reconstructive surgery, cancer care and heart valve replacements. Human tissue is also widely used in scientific and medical research to expand the understanding of the progression of a disease.

According to IndustryARC, the tissue banking market was $33.4 billion in 2014 and is estimated to grow at a CAGR of 5.62% during the forecast period.

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REPORT SCOPE:

Segmentation Brief:
The global market for Tissue Banking has been segmented by the tissue type, by equipment and by application. The various equipments used for tissue banking are cryopreservation systems, labeling and coding equipment, thawing equipment, quality control equipment, alarming and monitoring systems and others. The broad segmentation is further broken down into multiple sub segmentations and a detailed analysis is projected by IndustryARC.

Key Players of the Market:
• CCLG tissue bank
• Taylor-Wharton International LLC
• Tecan Group Ltd
• Biocision, LLC
• Thermo fisher Scientific.

Table of Contents and Insights:
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Chronic Diseases will drive the Growth:

Chronic disease is the leading cause of death globally. As per WHO, worldwide deaths due to chronic disease and disease burden rates have 45% and 86% share respectively under the 70 years of age group. Tissue banking is a novel way to treat myriad of chronic diseases including blood disorders, immune diseases and in the development of regenerative medicine. Stem cells, which have a property to differentiate into specialized type of cells, can be used for specific purposes like cell based therapies and drug screening and have capability to treat more than 80 diseases.

Public Awareness of Stem Cell Treatment will drive the Tissue Banking Market:

Increasing awareness and knowledge of public and medical professional about tissue donation is crucial for tissue transplantation. Awareness efforts lead to rise in donor registration entries, tissue donations and transplantations, obtaining corporate sponsorship, and encouraging family discussions and others. Potential public awareness activities include community program, corporate and community tissue bank program, school program, proactive media placements, internet, Old Age homes program, use of celebrities as spokesperson, production of television shows and many others. Various countries have developed public awareness campaigns to enhance organ and tissue donation awareness. International Atomic Energy Agency (IAEA) actively supports tissue banking development through improved public awareness and also involved with research and development, training and all tissue banking related areas. The increase in public awareness will ultimately lead to the increase in worldwide tissue and organ donations.

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About IndustryARC:

IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business.
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