TISSUE BANKING MARKET ANALYSIS

Market Challenges And Opportunities

Increasing government initiatives and rising demand for transplantation are expected to drive growth of the global tissue banking market

• The tissue banking organization is complex system and need high technical expertise and skilled personnel
• Insufficiency and scarcity in tissue availability 

Global Tissue Banking Market: Restraint

The major factors that hinder growth of the global tissue banking market include the tissue banking organization is complex system and need for high technical expertise and skilled personnel for proper functioning in a dedicated facility. Minor errors in the established protocol can lead to loss of expensive tissues, harm to recipients as well as can increase risk of transmission of deadly diseases and tumors. Insufficiency and scarcity in tissue availability is also a major factor hindering growth of the tissue banking market. According to Organ Procurement and Transplantation Network (OPTN), in 2017, over 119,000 men, women, and children await lifesaving organ transplants in the U.S., and over 8,000 people die each year due to lack of required organs.

• Increasing government initiatives and rising demand for transplantation
• Increasing use of advanced methodology for tissue banking