Global Tissue Banking Market is expected to grow at a CAGR of 9.2% during the forecast period 2020-2027
A new research report published by Fior Markets with the title Tissue Banking Market By Tissue Type (Kidney Tissue, Liver Tissue, Cardiovascular Tissue, Lung Tissue, Eye Tissue, Pancreas Tissue, Others), Equipment (Labelling & Coding Equipment, Thawing Equipment, Freezer, Alarming & Monitoring System, Storage System), Application (Research, Human), Regions, And Global Forecast 2020-2027.
The global tissue banking market is expected to grow from USD 2.40 billion in 2019 to USD 4.86 billion by 2027, at a CAGR of 9.2% during the forecast period 2020-2027. The Asia-Pacific region stands as a promising market for tissue banking. It is expected to grow at the highest CAGR during the forecast period due to key factors such as numerous biotech research projects undertaken by national governments and a large number of corporate firms acting in the APAC region. The markets in Japan, China, and India are proliferating, commanding significant shares in the regional market. India’s tissue banking industry is set to evolve with a deep pool of research expertise. North America, followed by Europe, accounts for the largest share in the global tissue banking market, in terms of revenue. Factors like modern technology, the existence of certified tissue banks, and greater tissue donations are forecasted to drive growth in the North America region.
NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.
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Key players in the global tissue banking market are BioLife Solutions Inc., Panasonic Biomedical Sales Europe B.V., Custom BioGenic Systems, Taylor-Wharton International LLC, Genzyme Corporation, Eppendorf AG and Sigma-Aldrich Corporation, among others. Key companies are mainly focusing on developing new products, forming partnerships, and joint ventures to gain significant market share in the global tissue banking market.
On the basis of tissue type, the global tissue banking market has been segmented into kidney tissue, liver tissue, cardiovascular tissue, lung tissue, eye tissue, pancreas tissue, and others. Under this, the eye tissue sub-segment holds the biggest market share, followed by cardiovascular tissue and kidney tissue. On the basis of equipment, the global tissue banking market has been segmented into labelling & coding equipment, thawing equipment, freezer, alarming & monitoring system, and storage system. Under this, the storage system and freezer sub-segments account for the highest demand among all others. On the basis of application, the global tissue banking market has been segmented into research and human. Under this, the human sub-segment accounts for a higher market share than research.
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About the report:
The global tissue banking market is analyzed on the basis of value (USD Billion), volume (K Units), export (K Units), and import (K Units). All the segments have been analyzed on global, regional and country basis. The study includes an analysis of more than 30 countries for each segment. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The study includes porter’s five forces model, attractiveness analysis, raw material analysis, and competitor position grid analysis.
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