The Tissue Banking market is projected to grow at a CAGR of 2.69% during the forecast period, reaching a total market size of US$2.774 billion in 2024 from US$2.366 billion in 2018.Tissue banks facilitate the collection and banking of freshly-frozen tissue specimens. The market of tissue banking is boosting on account of tremendous advancement in medical research, clinical trials, and biopharmaceutical industries. Increasing investment in the medical and healthcare sector and advances in the treatment of cell and tissue disorders is further boosting the growth of the market. The growing prevalence of cancer, diabetes, cardiovascular diseases, and other diseases is uplifting the demand for tissue banking. Geographically, North America region is expected to have a significant market share on account of the increasing prevalence of cardiovascular diseases, increasing disposable income and expenditure in health care, and advanced health care facilities. Europe and Asia Pacific region are expected to witness rapid growth in the forecast period. Stringent government regulations can hamper the market growth of tissue banking. However, increasing demand for tissues coupled with the development of tissue banks from various government and non-government organizations to meet the demand is expected to boost the market growth in the coming years.
The “Tissue Banking market – Forecasts from 2019 to 2024” is an exhaustive study which aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by tissue type, application, and geography.
The tissue banking on segmented based on tissue type, application, and geography. Based on tissue type the market has been segmented into cornea, skin, bones, joints, heart valves, and others. Based on application the market has been classified into therapeutic, research and development, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the tissue banking have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the tissue banking market.
By Tissue Type
Research and development
Middle East and Africa