Overview of the global tissue banking market
Technavio’s market research analyst predicts the global tissue banking market to grow at a CAGR of around 5% by 2020. The market is witnessing several trends such as shift in public perception toward cord tissue and blood storage, improving techniques for the use of cord tissues in cellular therapy, and potential cure for cancers, blood disorders, and immune and genetic diseases. Tissue banks are used for storing umbilical cord tissues and blood, as these contain different types of stem cells, each with the potential to treat various injuries and diseases. Another development gaining grounds in the market is the use of automated tissue banking which plays a vital role in blood fractionation, DNA extraction, labelling, and capping techniques. With the increase in the harmonization of biobanks and research collaboration, the tissue banking market is anticipated to grow positively during the forecast period.
EMEA was the major revenue contributor to the tissue banking market and accounted for around 44% of the total market share during 2015. Much of the region’s growth is due to the presence of many established biobanks that offer tissue samples for research and therapeutic purposes. Several networking programs of tissue banks have resulted in the establishment of new tissue banks providing large sample storage capacity. With the newly established biobanks collaborating with each other to increase the existing tissue banking potentials, the market in this region is anticipated to witness growth in the coming years.
Competitive landscape and key vendors
This market is highly fragmented, with the presence of both large and small vendors. The global vendors dominate the market, however, most of the product offerings of these companies are almost similar. To increase their product sales, vendors are differentiating their products through automation of existing technologies, value-added services, and collaborations and partnerships with research and academic institutions. The companies that offer cost-effective consumables will likely succeed as tissue banks are concentrating on reducing the overall preservation cost of tissue banking.
Leading vendors in the market are -
- Beckman Coulter
- BioCision
- Thermo Fisher
- Tecan
Other prominent vendors in the tissue banking market include BioKryo, Brooks Automation, Chernobyl Tissue Bank, Cureline, Eppendorf, IMA Pharma, LifeLink Tissue Bank, Tata Memorial Hospital Tissue Bank, The PXE International Blood and Tissue Bank, Tissue Banks International, TuBaFrost Group, and Wisconsin Tissue Bank.
Want a bigger picture? Try a FREE sample of this report now!
See the complete table of contents and list of exhibits, as well as selected illustrations and example pages from this report.
Segmentation by application and analysis of the tissue banking market
- Therapeutics
- Medical research
- Cosmetics
The therapeutics segment will continue to dominate the tissue banking market and is likely to occupy more than 49% of the total market share during the forecast period. Tissue banking in therapeutics has wide clinical applications. The technology helps meet the need for relevant, qualified applications of tissue allografts owing to the increasing global needs. The demand for surgical allografts such as bones, amnion, fascia, tendon, skin, and cardiovascular tissues has led to their preservation. The quality, sterility and safety aspects of tissue bank products will propel the use of tissue allografts by healthcare professionals.
Segmentation by product and analysis of the tissue banking market
- Equipment
- Consumables
During 2015, the equipment segment dominated the tissue banking market and accounted for around 59% of the total market share. In tissue banking, equipment helps in the storage, handling, maintenance, transport, and tracking of samples and specimens. Automated tissue banking equipment is gaining popularity as it helps reduce the complexities and errors in storage, tracking, and integrity of samples. Automation systems in tissue banks include automated compound storage systems and laboratory information management system (LIMS).
Get more value with Technavio’s subscription platform! Gain easy access to all of Technavio’s reports, along with on-demand services. Start your 14-day FREE trial
Key questions answered in the report include
- What will the market size and the growth rate be in 2020?
- What are the key factors driving the global tissue banking market?
- What are the key market trends impacting the growth of the global tissue banking market?
- What are the challenges to market growth?
- Who are the key vendors in the global tissue banking market?
- What are the market opportunities and threats faced by the vendors in the global tissue banking market?
- Trending factors influencing the market shares of the Americas, APAC, and EMEA.
- What are the key outcomes of the five forces analysis of the global tissue banking market?
Technavio also offers customization on reports based on specific client requirement.
Related reports:
- Global Hemostats and Tissue Sealants Market 2016-2020
- Global Tissue Diagnostics Market 2016-2020
- Global Tissue Heart Valves Market 2016-2020