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Tissue Banking Market: Increase in Awareness for Tissue Donation to Drive the Demand
by Metcarl · October 26, 2018
Transparency Market Research (TMR) has published a new report titled, 鈥淭issue Banking Market – Global Industry Analysis, Size, Share, Growth, Trends Cheap Taylor Hall Hoodie , and Forecast, 2018鈥?026鈥? According to the report, the global tissue banking market was valued at US$ 162.3 Mn in 2017 and is anticipated to reach US$ 2,903.3 Mn by 2026, expanding at a CAGR of 12.0% from 2018 to 2026. Increasing demand for regenerative medicines, advancements in bio banking technology, increasing health care expenditure Cheap Will Butcher Hoodie , and rising awareness are likely to fuel the global tissue banking market from 2018 to 2026.
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Regenerative medicine is the process of creating living, functional tissues in order to repair or replace tissue, which has been lost due to age, disease, damage, or congenital defects. Regenerative medicine has the potential to solve the problem of shortage of organs available through donation. Rapid development of transplant medicine along with the aging of the baby boomer generation has fueled the demand for tissues and organs far exceeding the available donor organs. Approximately 500,000 people in the U.S. benefit from a transplant each year. Regenerative medicine is expected to improve the quality of life of individuals by providing healthy Cheap Nico Hischier Hoodie , functional tissues and organs. This is likely to propel the tissue banking market during the forecast period.
Advancements in biobanking technology have improved the new areas of science such as biorepository and biospecimen science. Usage of robotic sample handling and processing, along with software specifically designed for storage management in the facilities is anticipated to make the biobanking process easy and effective, as biobanking expands. For instance, in July p NFL Jerseys Free Shipping[/url]