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Published Date: 2016-10-28Number of Pages: 170

Tissue Banking Market - (Equipment Type - Freezers, Storage system, Thawing Equipment, Labelling and Coding Equipment, and Alarming and Coding equipment; Application - Clinical and Therapeutic, Research and Development, and Drug Discovery; End-users - Hospitals, Tissue Banks, Research and Academics Institutes and Diagnostic Laboratories) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2014 - 2024

Global Tissue Banking Market: Snapshot

For the purposes of medical research and education, a tissue bank as an establishment collects and recovers human cadaver tissue. It may also refer to a site where biomedical tissue is kept under cryogenic conditions and is normally used in a more clinical sense.

The global tissue banking market is gaining traction due to escalating geriatric population, increasing number of blood donations, introduction of technologically advanced equipment, growing incidence of chronic diseases, favorable insurance and reimbursement policies, and rising per capita healthcare expenditure.

However, the development of the market is expected to be restricted by factors such as stringent regulatory norms governing the safety and functional aspects of tissues and the approval of new products. Also, many current systems are incapable of systematically keeping a record of the process of handling tissues and maintaining a complete historical record of the temperatures at which tissues have been stored, highlighting any prominent deviation from the given standard.

According to Transparency Market Research, the global tissue banking market is projected to reach US$2.1 bn by 2024, scoring a CAGR of 11.3% from 2016 to 2024. 

global tissue banking market

Excessive Usage of Variety of Tissues in Research Institutes to Propel Demand

On the basis of equipment, the market is segmented into storage system, freezers, labelling and coding equipment, thawing equipment, and alarming and monitoring equipment. The segment of freezers held a significant share in the market in 2015 and is expected to grow during the forecast period on account of increasing demand for organ transplant, blood transfusions, regenerative medicines, cellular therapies, and vaccines. Moreover, escalating population, increase in health care expenditure, and the rising use of a variety of tissues in research institutes are driving the demand for freezers in the field of tissue banking.

Freezers are finding increased applications in the global market as they have the ability of plummeting temperatures anywhere from -18°C to an ultra-low -86°C for the long-term storage of tissues. The import and export of tissues has risen globally due to increased requirement of tissues for chronic diseases, which is expected to supplement the market growth of storage system in the next few years. 

Asia Pacific to Emerge as a Promising Market Due to Improved Disposable Income

Geographically, the global tissue banking market is segmented into North America, Asia-Pacific, Europe, Latin America, and the Middle East and Africa. Among the mentioned regions, North America led the pack and will continue to grow over the said period due to increase in the prevalence of cancer, cardiovascular diseases, and diabetes, growing geriatric population, and technological advancements. On account of government initiatives such as Cells Directives (EUTCD) and the European Union Tissues, which focuses on improving responsiveness about quality and safety standards for human cells and tissues across the European Union, the Europe market is expected to show a noticeable growth over the forecast period.

Asia Pacific is known to be the most lucrative market for tissue banking due to high target patient pool, large population base, growing disposable incomes, increasing government initiatives to provide better healthcare facilities and an increase in per capita healthcare expenditure. In addition, a consecutive rise in demand for regenerative medicines will supplement the tissue banking market in this region.

The prominent players in the global tissue banking market include Taylor-Wharton, Backman Coulter Inc., Sigma-Aldrich Corporation, Panasonic Biomedical, Custom Biogenic Systems, Inc., Brooks Automation, and BioLife Solutions, Inc. 

Section 1 Preface 
1.1 Report Scope and Market Segmentation 
1.2 Research Highlights

Section 2 Assumptions and Research Methodology 
2.1 Assumptions
2.2 Research Methodology

Section 3 Executive Summary
3.1 Global Tissue Banking: Market Snapshot
3.2 Global Market Share Analysis by Region, 2015
3.3 Global Tissue Banking Market: Opportunity Map

Section 4 Market Overview
4.1 Product Overview
4.2 Global Tissue Banking Market: Key Industry Developments

Section 5 Market Dynamics
5.1 Drivers and Restraints Snapshot Analysis
5.2 Drivers
      5.2.1 Increasing Demand for Regenerative Medicines
      5.2.2 Advancements in bio banking technology
      5.2.3 Growing awareness
      5.2.4 Increasing prevalence of chronic diseases
      5.2.5 Increasing health insurance coverage
      5.2.6 Increasing Healthcare Expenditure
      5.2.7 Increasing company and government awareness programmes
      5.2.8 Rapid Economic development 
5.3 Restraints
      5.3.1 Stability issues and storage problems
      5.3.2 Regulatory issues
5.4 Opportunities
      5.4.1 Growing number of cord blood transplants 
      5.4.2 Increasing Demand for blood-derived cell products
5.5 Porters Analysis
5.6 Value Chain Analysis 
5.7 Tissue Banking Market Outlook

Section 6 Tissue Banking Market Analysis, by Equipment Type
6.1 Key Findings
6.2 Introduction
6.3 Global Tissue Banking Market Value Share Analysis, by Equipment Type
6.4 Tissue Banking Market Forecast, by Equipment Type 
6.5 Tissue Banking Market Analysis, by Equipment Type 
      6.5.1 Freezers
      6.5.2 Storage Systems
      6.5.3 Thawing Equipment
      6.5.4 Labelling and Quality Control Equipment
      6.5.5 Alarming and Monitoring Equipment
6.6 Tissue Banking Market Attractiveness Analysis by Equipment
6.7 Key Trends

Section 7 Tissue Banking Market Analysis, by Application
7.1 Key Findings
7.2 Introduction
7.3 Global Tissue Banking Market Value Share Analysis, by Application Type
7.4 Vascular Access Devices Market Forecast, by Application Type 
7.5 Vascular Access Devices Market Analysis, by Application Type 
      7.5.1 Clinical and Therapeutic
      7.5.2 Research & Development
      7.5.3 Drug Discovery
7.6 Tissue Banking Market Attractiveness Analysis By Application Type
7.7 Key Trends 

Section 8 Tissue Banking Market Analysis, by End Users
8.1 Key Findings
8.2 Introduction
8.3 Global Tissue Banking Market Value Share Analysis, by End Users
8.4 Tissue Banking Market Forecast, by End Users
8.5 Tissue Banking Market Analysis, by End Users
      8.5.1 Hospitals
      8.5.2 Tissue Banks
      8.5.3 Research and Academics Institutes
      8.5.4 Biotech Companies
8.6 Tissue Banking Market Attractiveness Analysis by End Users
8.7 Key Trends 

Section 9 Tissue Banking Market Analysis, by Region
9.1 Global Tissue Banking Market Snapshot, by Country
9.2 Global Tissue Banking Market Value Share Analysis, by Region
9.3 Tissue Banking Market Forecast, by Region
9.4 Market Attractiveness Analysis, by Region

Section 10 North America Tissue Banking Market Analysis
10.1 Key Findings
10.2 Market Overview
10.3 Market Analysis, By Country
      10.3.1 North America Market Value Share Analysis, By Country      
      10.3.2 North America Market Forecast by Country
10.4 Market Analysis, By Equipment
      10.4.1 North America Market Value Share Analysis, By Equipment Type      
      10.4.2 North America Market Forecast by Equipment Type
10.5 Market Analysis, By Application
      10.5.1 North America Market Value Share Analysis, By Application
      10.5.2 North America Market Forecast by Application
10.6 Market Analysis, By End Users
      10.5.6 North America Market Value Share Analysis, By End Users
      10.5.6 North America Market Forecast by End Users
10.7 North America Market Attractiveness Analysis
      10.7.1 By Equipment
      10.7.2 By Application
      10.7.3 By End Users
10.8 Market Trends

Section 11 Europe Tissue Banking Market Analysis
11.1 Key Findings
11.2 Market Overview
11.3 Market Analysis, By Country
      11.3.1 Europe Market Value Share Analysis, By Country
      11.3.2 Europe Market Forecast by Country
11.4 Market Analysis, By Equipment
      11.4.1 Europe Market Value Share Analysis, By Equipment Type
      11.4.2 Europe Market Forecast by Equipment Type
11.5 Market Analysis, By Application
      11.5.1 Europe Market Value Share Analysis, By Application
      11.5.2 Europe Market Forecast by Application
11.6 Market Analysis, By End Users
      11.5.6 Europe Market Value Share Analysis, By End Users
      11.5.6 Europe Market Forecast by End Users
11.7 Europe Market Attractiveness Analysis
      11.7.1 By Equipment
      11.7.2 By Application
      11.7.3 By End Users
11.8 Market Trends

Section 12 Asia Pacific Tissue Banking Market Analysis
12.1 Key Findings
12.2 Market Overview
12.3 Market Analysis, By Country
      12.3.1 Asia Pacific Market Value Share Analysis, By Country
      12.3.2 Asia Pacific Market Forecast by Country
12.4 Market Analysis, By Equipment
      12.4.1 Asia Pacific Market Value Share Analysis, By Equipment Type
      12.4.2 Asia Pacific Market Forecast by Equipment Type
12.5 Market Analysis, By Application
      12.5.1 Asia Pacific Market Value Share Analysis, By Application
      12.5.2 Asia Pacific Market Forecast by Application
12.6 Market Analysis, By End Users
      12.5.6 Asia Pacific Market Value Share Analysis, By End Users
      12.5.6 Asia Pacific Market Forecast by End Users
12.7 Asia Pacific Market Attractiveness Analysis
      12.7.1 By Equipment
      12.7.2 By Application
      12.7.3 By End Users
12.8 Market Trends

Section 13 Latin America Tissue Banking Market Analysis
13.1 Key Findings
13.2 Market Overview
13.3 Market Analysis, By Country
      13.3.1 Latin America Market Value Share Analysis, by Country      
      13.3.2 Latin America Market Forecast by Country
13.4 Market Analysis, By Equipment
      13.4.1 Latin America Market Value Share Analysis, By Equipment Type
      13.4.2 Latin America Market Forecast by Equipment Type
13.5 Market Analysis, By Application
      13.5.1 Latin America Market Value Share Analysis, By Application
      13.5.2 Latin America Market Forecast by Application
13.6 Market Analysis, By End Users
      13.5.6 Latin America Market Value Share Analysis, By End Users
      13.5.6 Latin America Market Forecast by End Users
13.7 Latin America Market Attractiveness Analysis
      13.7.1 By Equipment
      13.7.2 By Application
      13.7.3 By End Users
13.8 Market Trends

Section 14 Middle East & Africa Tissue Banking Market Analysis
14.1 Key Findings
14.2 Market Overview
14.3 Market Analysis, By Country
      14.3.1 Middle East & Africa Market Value Share Analysis, By Country
      14.3.2 Middle East & Africa Market Forecast by Country
14.4 Market Analysis, By Equipment
      14.4.1 Middle East & Africa Market Value Share Analysis, By Equipment Type
      14.4.2 Middle East & Africa Market Forecast by Equipment Type
14.5 Market Analysis, By Application
      14.5.1 Middle East & Africa Market Value Share Analysis, By Application
      14.5.2 Middle East & Africa Market Forecast by Application
14.6 Market Analysis, By End Users
      14.5.6 Middle East & Africa Market Value Share Analysis, By End Users
      14.5.6 Middle East & Africa Market Forecast By End Users
14.7 Middle East & Africa Market Attractiveness Analysis
      14.7.1 By Equipment
      14.7.2 By Application
      14.7.3 By End Users
14.8 Market Trends

Section 15 Company Profiles
15.1 Competition Matrix
15.2 Company Profiles
      15.2.1 Thermo Fisher Scientific Inc. 
               15.3.1.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.1.2 Financial Overview
               15.3.1.3 Product Portfolio
               15.3.1.4 SWOT Analysis
               15.3.1.5 Strategic Overview
      15.3.2 Brooks Automation, Inc 
               15.3.2.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.2.2 Financial Overview
               15.3.2.3 Product Portfolio
               15.3.2.4 SWOT Analysis
               15.3.2.5 Strategic Overview
      15.3.3 Worthington Industries, Inc.
               15.3.3.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.3.2 Financial Overview
               15.3.3.3 Product Portfolio
               15.3.3.4 SWOT Analysis
               15.3.3.5 Strategic Overview
      15.3.4 BioLife Solutions, Inc. 
               15.3.4.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.4.2 Financial Overview
               15.3.4.3 Product Portfolio
               15.3.4.4 SWOT Analysis
               15.3.4.5 Strategic Overview
      15.3.5 Panasonic Healthcare Co., Ltd.
               15.3.5.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.5.2 Financial Overview
               15.3.5.3 Product Portfolio
               15.3.5.4 SWOT Analysis
               15.3.5.5 Strategic Overview
      15.3.6 Custom Biogenic Systems, Inc.
               15.3.6.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.6.2 Financial Overview
               15.3.6.3 Product Portfolio
               15.3.6.4 SWOT Analysis
               15.3.6.5 Strategic Overview
      15.3.7 Merck & Co., Inc. (Sigma-Aldrich Corporation)
               15.3.7.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.7.2 Financial Overview
               15.3.7.3 Product Portfolio
               15.3.7.4 SWOT Analysis
               15.3.7.5 Strategic Overview
      15.3.8 Bluechiip Ltd.
               15.3.8.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.8.2 Financial Overview
               15.3.8.3 Product Portfolio
               15.3.8.4 SWOT Analysis
               15.3.8.5 Strategic Overview
      15.3.9 Hamilton Bonaduz AG
               15.3.9.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.9.2 Financial Overview
               15.3.9.3 Product Portfolio
               15.3.9.4 SWOT Analysis
               15.3.9.5 Strategic Overview
      15.3.10 Beckman Coulter, Inc.
               15.3.10.1 Company Overview (HQ, Business Segments, Employee Strength)
               15.3.10.2 Financial Overview
               15.3.10.3 Product Portfolio
               15.3.10.4 SWOT Analysis
               15.3.10.5 Strategic Overview

List of Figures

Figure 01: Global Tissue Banking Market Value Share Analysis, by Equipment Type, 2015 and 2024
Figure 02: Global Freezers Market Revenue (US$ Mn) and Volume (Thousand Units), 2014–2024
Figure 03: Global Storage Systems Market Revenue (US$ Mn) and Volume (Thousand Units), 2014–2024
Figure 04: Global Thawing Equipment Market Revenue (US$ Mn) and Volume (Thousand Units), 2014–2024
Figure 05: Global Quality Control Equipment Market Revenue (US$ Mn) and Volume (Thousand Units), 2014–2024
Figure 06: Global Alarming and Monitoring Equipment Market Revenue (US$ Mn) and Volume (Thousand Units), 2014–2024
Figure 07: Tissue Banking Market Attractiveness Analysis, by Equipment Type, 2015
Figure 08: Global Tissue Banking Market Value Share Analysis, by Application, 2015 and 2024
Figure 09: Global Clinical and Therapeutic Market Revenue (US$ Mn), 2014–2024
Figure 10: Global Research & Development Market Revenue (US$ Mn), 2014–2024
Figure 11: Global Drug Discovery Market Revenue (US$ Mn), 2014–2024
Figure 12: Tissue Banking Market Attractiveness Analysis, by Application, 2015
Figure 13: Global Tissue Banking Market Value Share Analysis, by End-users, 2015 and 2024
Figure 14: Global Hospitals Market Revenue (US$ Mn) 2014–2024
Figure 15: Global Tissue Banks Market Revenue (US$ Mn) 2014–2024
Figure 16: Global Research & Academic Institutes Market Revenue (US$ Mn) 2014–2024
Figure 17: Global Diagnostic Centers Market Revenue
Figure 18: Tissue Banking Market Attractiveness Analysis, by End-users, 2015
Figure 19: Global Tissue Banking Market Value Share Analysis, by Region, 2015 and 2024
Figure 20: Tissue Banking Market Attractiveness Analysis, by Region, 2015
Figure 21: North America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, 2014–2024
Figure 22: North America Market Attractiveness Analysis,
Figure 23: North America Market Value Share Analysis, by Country, 2015 and 2024
Figure 24: North America Market Value Share Analysis, by Equipment Type, 2015 and 2024
Figure 25: North America Market Value Share Analysis, by Application, 2015 and 2024
Figure 26: North America Market Value Share Analysis, by End-users, 2015 and 2024
Figure 27: North America Market Attractiveness Analysis, by Equipment Type, 2015
Figure 28: North America Market Attractiveness Analysis, by Application Type, 2015
Figure 29: North America Market Attractiveness Analysis, By End-users, 2015
Figure 30: Europe Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, 2014–2024
Figure 31: Europe Market Attractiveness Analysis,
Figure 32: Europe Market Value Share Analysis, by Country, 2015 and 2024
Figure 33: Europe Market Value Share Analysis, by Equipment Type, 2015 and 2024
Figure 34: Europe Market Value Share Analysis, by Application, 2015 and 2024
Figure 35: Europe Market Value Share Analysis, by End-users, 2015 and 2024
Figure 36: Europe Market Attractiveness Analysis, by Equipment Type, 2015
Figure 37: Europe Market Attractiveness Analysis, by Application Type, 2015
Figure 38: Europe Market Attractiveness Analysis, By End-users, 2015
Figure 39: Asia Pacific Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, 2014–2024
Figure 40: Asia Pacific Market Attractiveness Analysis,
Figure 41: Asia Pacific Market Value Share Analysis, by Country, 2015 and 2024
Figure 42: Asia Pacific Market Value Share Analysis, by Equipment Type, 2015 and 2024
Figure 43: Asia Pacific Market Value Share Analysis, by Application, 2015 and 2024
Figure 44: Asia Pacific Market Value Share Analysis, by End-users, 2015 and 2024
Figure 45: Asia Pacific Market Attractiveness Analysis, by Equipment Type, 2015
Figure 46: Asia Pacific Market Attractiveness Analysis, by Application Type, 2015
Figure 47: Asia Pacific Market Attractiveness Analysis, By End-users, 2015
Figure 48: Latin America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, 2014–2024
Figure 49: Latin America Market Attractiveness Analysis,
Figure 50: Latin America Market Value Share Analysis, by Country, 2015 and 2024
Figure 51: Latin America Market Value Share Analysis, by Equipment Type, 2015 and 2024
Figure 52: Latin America Market Value Share Analysis, by Application, 2015 and 2024
Figure 53: Latin America Market Value Share Analysis, by End-users, 2015 and 2024
Figure 54: Latin America Market Attractiveness Analysis, by Equipment Type, 2015
Figure 55: Latin America Market Attractiveness Analysis, by Application Type, 2015
Figure 56: Latin America Market Attractiveness Analysis, By End-users, 2015
Figure 57: Middle East & Africa Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, 2014–2024
Figure 58: Middle East & Africa Market Attractiveness Analysis,
Figure 59: Middle East & Africa Market Value Share Analysis, by Country, 2015 and 2024
Figure 60: Middle East & Africa Market Value Share Analysis, by Equipment Type, 2015 and 2024
Figure 61: Middle East & Africa Market Value Share Analysis, by Application, 2015 and 2024
Figure 62: Middle East & Africa Market Value Share Analysis, by End-users, 2015 and 2024
Figure 63: Middle East & Africa Market Attractiveness Analysis, by Equipment Type, 2015
Figure 64: Middle East & Africa Market Attractiveness Analysis, by Application Type, 2015
Figure 65: Middle East & Africa Market Attractiveness Analysis, By End-users, 2015
Figure 66: Global Tissue Banking Market Share Analysis by Company (2015)

List of Tables

Table 01: Global Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, By Equipment Type, 2014–2024
Table 02: Global Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, 
Table 03: Global Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, By End-users, 2014–2024
Table 04: Global Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, By Region, 2014–2024
Table 05: North America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, by Country, 2014–2024
Table 06: North America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 07: North America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 08: North America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 09: Europe Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, by Country, 2014–2024
Table 10: Europe Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 11: Europe Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 12: Europe Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 13: Asia Pacific Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, by Country, 2014–2024
Table 14: Asia Pacific Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 15: Asia Pacific Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 16: Asia Pacific Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 17: Latin America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, by Country, 2014–2024
Table 18: Latin America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 19: Latin America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 20: Latin America Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 21: Middle East & Africa Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast, by Country, 2014–2024
Table 22: Middle East & Africa Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 123: Middle East & Africa Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,
Table 24: Middle East & Africa Tissue Banking Market Size (US$ Mn) and Volume (Thousand Units) Forecast,

Global Tissue Banking Market: Overview

Tissue banking refers to recovery and collection of human cadaver tissue for medical purposes. The tissues are stored under cryogenic conditions for keep them safe and usable. Technological developments, growing geriatric pool, and increasing blood donations are collectively expected to fuel the growth of the global tissue banking market in the coming years.

The research report on the global tissue banking market offers a detailed outlook on the market dynamics. The market has been assessed using Porter’s five forces analysis and SWOT analysis to determine the various factors likely to influence the trajectory of the overall market.

Global Tissue Banking Market: Key Trends

The research report states that the global tissue banking market is likely to be worth US$2.1 bn by the end of 2024. During the forecast period of 2016 and 2024, the global market is projected to rise at a CAGR of 11.3%. The soaring demand for regenerative medicines, which are instrumental for creating functional and living tissues for repairing the impaired ones is expected to augment the demand for tissue banking. Such kind of replacement or repair is frequently seen in treating neurological and cardiovascular disorders, several types of cancers, and diabetes. The shortage of organ donations has led to a massive potential for regenerative medicine, which, in turn has triggered a massive demand for tissue banking.

Global Tissue Banking Market: Segmentation

In terms of application, the global tissue banking market is segmented into clinical and therapeutic, drug discovery, and research and development. Of these, the freezers segment held a dominant share in the global market in 2015. This application is projected to witness a high demand in the coming years due to a growing need for organ transplants, regenerative medicines, blood transfusions, vaccines, and cellular therapies. The segment also stands to benefit from the exponential population growth, increasing expenditure on healthcare, and increasing usage of a wide range of tissues for research and development purposes.

The demand for freezers is expected to improve in the coming years as they are being developed to offer temperatures as low as -86°C for storage of tissues on a long-term basis. The demand for storage of tissues will continue to rise in the coming years due to widespread of chronic diseases that are likely to propel import and export of tissues.

Global Tissue Banking Market: Regional Outlook

Geographically, the global tissue banking market is segmented into Asia Pacific, Europe, North America, the Middle East and Africa, and Latin America. Over the past few years, North America has held a dominant position in the global market as region has a well-established healthcare facility and access, which has allowed a high rate of diagnosis of various diseases. Thus, awareness and diagnosis of various diseases such as cancer, diabetes, and cardiovascular conditions in North America has propelled the region’s growth over the past few years.

 

Europe followed North America’s lead with government initiatives such as Cells Directives (EUTCD) and the European Union Tissues. This move is aimed at improving the responsiveness of safety and quality standards for human cells and tissues across the region. Meanwhile, Asia Pacific is also expected to offer lucrative opportunities for growth to the global market due an exponentially growing patient pool, improving disposable incomes, and robust government initiatives to improve healthcare facilities.

Key Players Mentioned in the Report are:

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


 
 
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