Global Tissue Banking Market is anticipated to hit $54.76 billion by 2023 at a CAGR of 5.62%

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Global Tissue Banking Market is anticipated to
hit 54.76 billion by 2023 at a CAGR of 5.62
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Americas region holds the largest market share
and growth in the Global Tissue Banking Market
and is anticipated to reach 17.9 billion by 2023
at a CAGR of 4.26. However, APAC witnesses
highest growth during the forecast period and is
expected to reach 18.05 billion by 2023 at a
CAGR of 7.01. Americas region is the biggest
market for tissue banking presently. There are
large number of profit and non-profit companies
in the US which act as the mediator between the
donor and the recipient. The key end-users
including Clinical/Therapeutic, Cosmetic, and
Medical Research. In the US, there are 59,271
registered cornea donors which in turn help to
perform 40,000 transplants annually.
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Selected Analysis done in the full Report

• The tissue banking market is currently in growth
  stage because of increased awareness about tissue
  donation and the increased focus on research to
  produce regenerative medicine. The blood banking
  market is expanding mainly through cord blood
  banking. Umbilical cord and tissue banking widens
  the options for future potential medical uses.
• The appetite to intervene aging process has led
  to flourishing of stem cell research. Hence, the
  stem cell banks are mushrooming over the globe
  and the stem cells can be preserved for more than
  20 years making it the most lucrative market in
  tissue banking.

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Excerpts on Market Growth Factors Mentioned in
the Full Report
The increased awareness among people about tissue
donation, government initiatives and increased
healthcare spending will propel the market
towards strong growth. The market for Tissue
Banking in the United States is expected to grow
significantly in the light of the increased
awareness about tissue donation and the large
number of private and public tissue banks The
market in Australia is booming because of
healthcare policies of the government and the
drive among people to save millions of lives.
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Key Players of the Tissue Banking Market

• Tecan group
• RTI Surgical, Inc
• Thermo Fisher Scientific
• Brooks Automation
• Eppendorf AG and Others

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