Tissue Banking Market 2018-2026 | Size, Share, Opportunities and Forecast | Credence Research

The tissue banking market was valued at US$ 1,656.7 Mn in 2017 and expected to reach US$ 3,674.5 Mn by 2026 at a CAGR of 9.2 % during the forecast period from 2018 to 2026.

SANJOSE, United States - April 4, 2019 /MarketersMedia/ —

The latest market report published by Credence Research, Inc. "Tissue Banking Market: Growth, Future Prospects, and Competitive Analysis, 2018 - 2026" the tissue banking market was valued at US$ 1,656.7 million in 2017 and expected to reach US$ 3,674.5 million by 2026 at a CAGR of 9.2% during the forecast period from 2018 to 2026.

The global tissue banking market shows fruitful growth over the 2018-2026 forecast period due to an increase in the prevalence of heart disease, diabetes, cancer, and other lifestyle diseases. New technology assessment in tissue banking technology, rising manufacturing and worldwide demand for regenerative medicines, and enhancing tissue preservation techniques through advanced equipment, media & consumables are driving market growth during the forecast period.

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Production of top-quality systems with increased costs in the equipment segment such as cryopreservation systems, labeling, and coding equipment, thawing equipment and quality control equipment is also a major factor driving overall growth. In the current scenario, tissue banking technology has felicitated the collection of freshly frozen tissue specimens, further used for various applications such as skin repair, burn cases, heart muscle repair after severe attack, spinal cord injury treatment and other cord tissue repair. These bank-placed tissues play a dynamic role in research into various disorders, diseases (cardiology, bone tissue, respiratory, kidney), and general health care.

Other major factors driving overall market demand include advancement in the smart digital biobanking industry, new robotic technology assessment for sample handling and processing, utilization of advanced software systems used in lab storage management. Major industrial factors include expansion of better facilities with high storage capacity along with top-quality systems, and increasing applications for human tissues, mainly heart tissue, cord tissue, skin, spinal cord, and the type of brain tissue contributes maximum revenue during the forecast period. Increasing mergers, acquisitions and strategic collaborations by private players along with new product development in the equipment segment show lucrative growth during the forecast period. The use of top services in tissue banking is growing significantly, mainly in developed nations. Treatment with advanced screening & processing of tissue specimen, tissue retrieval, serological and microbial testing is gaining traction in the market. Increasing procedures in the clinical and therapeutic segment along with high storage and preservation are also generating revenue globally.

Due to excessive need and demand for freezers, cryopreservation in the equipment segment holds maximum share during the forecast period. In addition, growing advancements in R&D for tissue banking technology, implementation of in-house sample storage in laboratories, high investment in biobanks and personalized medicine will further spur revenue growth over the forecast period. The increased cost of the equipment, less awareness of the treatment and management of tissue processing, lack of skilled professionals in developing nations, are few external factors that restrict the overall growth of the global tissue banking market. Other external factors include less or no infrastructure in developing economies, chances of tissue injury during thawing and preservation, increased regulations for medical devices by governing bodies primarily in the U.S., Europe, China, and Japan.

Key Market Movements:

Globally, the tissue banking market remains to exhibit a profitable growth with a CAGR of 9.2% for the period from 2018 to 2026
Higher technology assessment in the equipment segment is gaining traction in the market
Eastern Europe, Latin America, and the Asia Pacific to show promising opportunities and shows growing CAGR during the forecast period owing to raising awareness among the individuals about advanced tissue banking technology and regenerative medicines
An increasing number of advanced healthcare settings, easy accessibility of branded equipment along with high storage and preservation. Enhanced digital applications with top quality services and increasing healthcare spending in China, India, Mexico, Russia, Brazil, and Japan will contribute to the growth of the market during the forecast period.
Major players in this vertical are Beckman Coulter, Inc., BioLife Solutions, Inc., Thermo Fisher Scientific Inc.KGaA, Brooks Automation, Inc., Bluechiip Limited, VWR Corporation, PHC Corporation, Custom Biogenic Systems, Inc., Merck, Hamilton Company, Biostorage Technologies, Inc. and others

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ToC:
Chapter 1. Preface
1.1. Report Scope and Description
1.2. Research Methodology
1.2.1. Phase I-Secondary Research
1.2.2. Phase II-Primary Research
1.2.3. Phase III-Expert Panel Review
1.2.4. Assumptions
1.2.5. Approach Adopted

Chapter 2. Executive Summary
.............
Chapter 3. Global Tissue Banking Market: Market Dynamics and Future Outlook
..............
Chapter 4. Global Tissue Banking Market, by Equipment Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Cryopreservation systems
4.3. Labeling and Coding Equipment
4.4. Thawing Equipment
4.5. Quality Control Equipment
4.6. Alarming and Monitoring Systems

Chapter 5. Global Tissue Banking Market, by Application, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Clinical/Therapeutic
5.3. Medical Research
5.4. Cosmetics

Chapter 6. Global Tissue Banking Market, By Tissue Type, 2016 – 2026 (US$)
6.1. Overview
6.2. Heart Valves
6.3. Cornea & Bone
6.4. Skin
6.5. Brain & Spinal Cord
6.6. Cord Tissues

Chapter 7. Global Tissue Banking Market, by Geography, 2016 – 2026 (US$ Mn)
.................
Chapter 8. Company Profiles
8.1. Thermo Fisher Scientific Inc.KGaA
8.1.1. Business Description
8.1.2. Financial Information (Subject to data availability)
8.1.3. Product Portfolio
8.1.4. Key Developments
8.2. Brooks Automation, Inc.
8.3. VWR Corporation
8.4. BioLife Solutions, Inc.
8.5. PHC Corporation
8.6. Custom Biogenic Systems, Inc.
8.7. Bluechiip Limited
8.8. Beckman Coulter, Inc.
8.9. Hamilton Company
8.10. Biostorage Technologies, Inc.
........................toc continued

Browse the full report at: https://www.credenceresearch.com/report/tissue-banking-market

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