World Tissue Banking Market to Post 11.2% CAGR to 2022, States OMR in Its Research Report Available at MarketPublishers.com
02 Jun 2017 • by Natalie Aster
LONDON – Advances in treating cell and tissue diseases have opened up a host of prospects for tissue banking. Hence, there is a considerable potential for the market growth. The world tissue banking marketplace is forecast to gain traction recording a CAGR of 11.2% to 2022. A hike in the demand of the regenerative medicines and advances in the tissue conservation and in-house sample testing are expected to stimulate the expansion and growth of the market. Furthermore, an upsurge in the number of biobanks from pole to pole, developments in the drug discovery and biopharma industry and progress in the treatment of tissue diseases and cells are also projected to propel the growth of the market in the years to come.
Meantime, there are specific factors impeding the growth of the sector. Storage and stability issues pertaining to the tissues and high prices for equipments will likely hinder the growth of the sector. Still, the tissue banking market is yet to realise its full potential. Factors like the uptake of the advanced cosmetic operations as well as the emergence of the automated tissue banking market are poised to create manifold market expansion and growth opportunities.
Geography-wise, the North America region is set to dominate the world tissue banking market, driven by the existence of a large volume of biobanks that supply tissue samples for research and therapeutic purposes. APAC is anticipated to observe the most rapid growth in the offing owing to the expanding biopharma marketplace and expanding volume of biobanks across the region.
In-demand research study “Global Tissue Banking Market Research and Analysis, 2015-2022” prepared by Orion Market Research (OMR) is designed to comprehensively explore the market on a worldwide scale.
It segments the market based on products, services and applications, and by geography. The report comprises extensive, granular market overview with deep insights and key market trends. It offers an extensive analysis of micro and macro factors impacting the market guided by major recommendations. The study analyses the regional regulations and other government incentives influencing the worldwide tissue banking market; limelights the factors fuelling the global tissue banking market. It sheds light on the market segments covering regional distribution of forecasted revenues. Furthermore, the report includes extensive company profiles of the top market participants alongside describing their recent developments.
More in-demand research publications by OMR can be found at its page.