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Global Tissue Banking Market Size, Trends, and Analysis- Forecasts To 2026 By Product (Equipment, Consumables, Media, and Accessories), By Services (Screening, Tissue Retrieval, Testing, Processing, Quarantine Storage, Other Services), By Application (Biobanking, Regenerative Medicine, Drug Discovery, Therapeutics, Others), By Region (North America, Asia Pacific, CSA, Europe, and the Middle East and Africa); End-User Landscape, Company Market Share Analysis & Competitor Analysis
A tissue bank is a place where biomedical tissues are collected and stored under cryogenic conditions. The tissues are used for developing medicines and drugs for different diseases and disorders. The growing healthcare expenditure in developing new drugs, growing prevalence of chronic diseases, and growing advancements in tissue engineering are some of the key factors supporting the market growth for tissue banking. According to recent data published by WHO, chronic diseases are the major global challenges, and about 60% of all deaths occurred due to chronic diseases worldwide. The growing clinical trials, increasing donation & storage of human organs, and advancements in biopharmaceutical industries are driving the market growth.
Based on the product, the market is segmented into accessories, consumables, equipment, and media. The equipment segment will grow at a substantial rate between the forecast period. The equipment segment includes freezers, storage systems, thawing equipment, labeling equipment, and coding equipment among others. The key drivers driving the equipment segment include increasing bio-research activities, new product developments for a better store of tissues, and increasing government initiatives for conducting research trials on the tissue-based drug discovery process.
Based on the application, the market is divided into biobanking, drug discovery, regenerative medicine, and therapeutics among others. The biobanking segment will be the dominant segment in the global tissue banking market owing to an increase in the number of biobanks, increasing genomic research activities, and the growing collection of disease-specific bio-samples.
Based on the region, the North American region holds a strong position in the global market, and the trend will continue during the forecast period, whereas the Asia Pacific region will be the fastest-growing region. The increasing R&D activities along with the presence of leading biopharma and pharma companies in the United States are supporting the growth in the region. The Asia Pacific will propel with the highest CAGR in the global market. The growing healthcare industry, an increasing number of organ donors, and the adoption of advanced technologies in clinical trials are boosting the market growth for the APAC region.
Key players operating in the market include are Thermo Fisher Scientific, Inc, Beckman Coulter, Inc, Sigma-Aldrich Corporation, Eppendorf AG, Panasonic Biomedical Sales Europe B.V., AMS Biotechnology, Custom Biogenic Systems, BioStorage Technologies, Inc., Taylor-Wharton International LLC EPL Archives, Inc, EPL Archives, Inc., AbD Serotec EMD Millipore Corporation, Fisher BioServices, Inc, Organ Recovery Systems, Inc., and Genzyme Corporation among others.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Tissue Banking Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply side analysis for the Tissue Banking Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the companies and customer analytics.
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