Tissue Banking Market Snapshot
|Study Period:||2018 - 2026|
|Fastest Growing Market:||Asia Pacific|
|Largest Market:||North America|
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Certain factors that are driving the market growth include rising healthcare expenditure, growing burden of chronic diseases and advances in drug discovery and development. The burden of chronic diseases is increasing worldwide. According to WHO, chronic diseases have always been a massive global challenge, and they account for approximately 60% of all deaths worldwide. The global burden of chronic diseases is expected to reach 57%, by 2020. This trend is expected to affect the emerging countries the most, as population growth is anticipated to be most significant in developing areas. Consequently, rising burden of chronic diseases is expected to drive the overall growth of the tissue banking market. However, stringent regulatory scenario is expected to restrain the growth of the global market in the forecast period.
Scope of the Report
As per the scope of the report, Tissue banks facilitate the collection and banking of human tissues. These tissues play an important role in many applications associated with healthcare. The market is being studied in three different aspects as follows:
|Media and Consumables|
Key Market Trends
Equipment Segment is Expected to Show Better Growth in the Forecast Period
Based on the product, it is segmented into equipment and media and consumables. The equipment segment is expected to grow at a faster pace during the forecast period. The key factor contributing to the growth of the segment is mainly driven by growing research activities and increasing the focus of market players on product development, along with the rising burden of chronic diseases. According to the World Health Organization (WHO), the four major chronic diseases which include cardiovascular diseases followed by cancer, respiratory diseases and diabetes account for most deaths. Factors, such as the aging population, lifestyles changes, leads to long-term health problems, and their treatment can be expensive. Additionally, Increasing government initiatives and rising demand for transplantation is expected to boost the studied market.
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North America is Estimated to Account for the Largest Share in the Tissue Banking Market
North America holds a major share in the global tissue banking market, and it is expected to show a similar trend over the forecast period, without significant fluctuations. The United States market is driven by increasing R&D activities, along with rising burden of chronic diseases. According to Center for Disease Control and Prevention (CDC), 6 in 10 adults in the United States have a chronic disease. Different pharmaceutical/ biotech companies, academia, and research institutes are utilizing tissue banks for the storage of various sample. Hence, North America region is expected to grow at a faster rate due to rising preclinical activities by pharmaceutical companies, and growing research in this region.
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The leading players in the tissue banking market are AMS Biotechnology (Europe) Limited, Avantor, Inc (VWR International), BioCision LLC, Brooks Automation, Custom Biogenic Systems, Eppendorf AG, Hamilton Company, Merck KGaA and Thermo Fisher Scientific, Inc.
Table of Contents
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Healthcare Expenditure
4.2.2 Growing Burden of Chronic Diseases
4.2.3 Technological Advances in Drug Discovery and Development
4.3 Market Restraints
4.3.1 Stringent Regulatory Scenario
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1 By Product
220.127.116.11 Cryopreservation Equipment
18.104.22.168 Thawing Equipment
22.214.171.124 Quality Control Equipment
5.1.2 Media and Consumables
5.2 By Application
5.2.2 Medical Research
5.2.3 Other Applications
5.3.1 North America
126.96.36.199 United States
188.8.131.52 United Kingdom
184.108.40.206 Rest of Europe
220.127.116.11 South Korea
18.104.22.168 Rest of Asia-Pacific
5.3.4 Middle-East & Africa
22.214.171.124 South Africa
126.96.36.199 Rest of Middle-East and Africa
5.3.5 South America
188.8.131.52 Rest of South America
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Company Profiles
6.1.1 AMS Biotechnology (Europe) Limited
6.1.2 Avantor, Inc (VWR International)
6.1.3 Sartorius AG
6.1.4 Brooks Lifesciences (Brooks Automation Inc.)
6.1.5 Bio-Rad Laboratories Inc.
6.1.6 Eppendorf AG
6.1.7 Hamilton Company
6.1.8 Merck KGaA
6.1.9 Thermo Fisher Scientific, Inc.
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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Frequently Asked Questions
What is the study period of this market?
The Tissue Banking Market market is studied from 2018 - 2026.
What is the growth rate of Tissue Banking Market?
The Tissue Banking Market is growing at a CAGR of >5.83% over the next 5 years.
Which region has highest growth rate in Tissue Banking Market?
Asia Pacific is growing at the highest CAGR over 2021- 2026.
Which region has largest share in Tissue Banking Market?
North America holds highest share in 2020.
Who are the key players in Tissue Banking Market?
Avantor, Inc., Brooks Automation, Inc., Eppendorf AG, Merck KGaA, Thermo Fisher Scientific, Inc. are the major companies operating in Tissue Banking Market.