Growth Overview of Global Tissue Banking Market: Research Predicts Impressive CAGR of 11.5% until the End of 2024


Published on : Apr 27, 2018

Albany, New York, April 27, 2018: It is well-recognized that tissue banks have the higher importance in the healthcare industry. A number of larger tissue banks have expanded in the recent past as there is strong demand for human tissues and blood products. A new comprehensive study, titled “Tissue Banking Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2024” has been publicized to the vast database of Market Research Hub (MRH). This 172-page study covers useful information and evaluations linked to the current and future market status prospects, along with a prime focus on major regions and key players operating within the tissue banking market. 

Key Insights

Tissue banking refers to recovery and collection of human cadaver tissue for medical purposes. The analysts of the report have evaluated that the demand in the global tissue banking market will proliferate at an impressive CAGR of 11.5% during the forecast period of 2017 to 2024. In terms of revenue, the tissue banking market is projected to produce opportunities worth US$2,169.0 mn by the end of 2024. The growing technological expansions, geriatric pool, and increasing blood donations are collectively predictable to fuel the growth of the global tissue banking market in the coming years.

The report begins with an executive summary which offers highlights and gist of the report. The succeeding sections involve information on the leading drivers, trends, opportunities, and restraints that the global tissue banking industry players are facing currently. The qualitative information in the report, including the assessment of market dynamics, offers readers detailed information on the key factors that are shaping the global tissue banking market.

Moreover, the market has been analyzed on the basis of equipment, end-user and application. In terms of application, the global tissue banking market is segmented into clinical and therapeutic, drug discovery, and research and development. By equipment, it covers Freezers, Alarming and Monitoring Equipment, Labelling and Coding Equipment, Storage System and Thawing Equipment. Of them, increasing prevalence of chronic diseases such as cancer, cardiac diseases, and neurological disorders, and demand for regenerative medicines are likely to boost the freezers segment.

Geographical Expansion

Globally, some of the others factors expected to drive the tissue banking market over the course of the aforementioned forecast period are advancements in biobanking technology and increasing demand for regenerative medicines. Demand for regenerative medicines has increased the import and export of different types of tissue in various regions.

In this report, the market is segmented into five regions namely North America, Europe, Asia Pacific, Middle East and Africa and South America. Amongst, North America is the most lucrative one. Over the course of the forecast period of 2017 to 2024, the demand from the region of Asia Pacific is primed to expand at a much strong CAGR.

In the end, the important leading players operating in the global tissue banking market are profiled. They are Backman Coulter Inc., Taylor-Wharton, BioLife Solutions, Inc, Sigma-Aldrich Corporation, Custom Biogenic Systems, Inc., Panasonic Biomedical, and Brooks Automation.

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