About Tissue Banks
Tissue banks are biorepositories for the preservation of human and animal tissues used for disease diagnosis, biodiversity studies, and research. These banks help in the storage of various types of tissue samples such as skin, bone, cornea, heart valves, umbilical cord, and human soft tissues. Tissue banks vary significantly in size, with tissue banks in medical institutions storing a moderate number of samples while national tissue banks store a large number of samples. These samples are used to support research, particularly studies in genetic disorders, personalized medicine, and stem cell research for treating genetic conditions and maintaining and updating age demographic databases.
Technavio’s analysts forecast the global tissue banking market for emerging applications to grow at a CAGR of 5.24% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global tissue banking market for emerging applications for 2016-2020. To calculate the market size, we consider revenue generated from the sales of products used for: Therapeutics, medical research, and cosmetics.The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Tissue Banking Market 2016-2020
Technavio recognizes the following companies as the key players in the global tissue banking market: Beckman Coulter, BioCision, Thermo Fisher, and Tecan.
Other Prominent Vendors in the market are: 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.
Commenting on the report, an analyst from Technavio’s team said: “Use of automated tissue banking is a trend for this market. Automating tissue or biobanking workflow will benefit biobanks in maintaining the integrity and quality of samples, minimizing manual errors, improving the workflow efficiency, and enabling long-term cost-effectiveness. Automation minimizes manual errors such as mislabeling or inaccurate sample barcoding and improves the technical efficiency. It also plays a vital role in blood fractionation, DNA extraction, labeling, and capping techniques. It also benefits tissue banking facilities with large samples or facilities with geographically dispersed operations.”
According to the report, advances in tissue preservation and in-house sample testing is a driver for this market. Tissue preservation has become an integral part of many R&D processes in medical industry and academia. It has emerged as an interdisciplinary platform that incorporates the fundamentals of cell and molecular biology and bioengineering with classic methodologies for freezing and drying living matter. Researchers and biotechnology companies adopt new preservation strategies that incorporate these classic and molecular-based approaches. Integrating the concepts of first-generation cryopreservation with tissue preservation has helped researchers make various advances in regenerative medicine.
Further, the report states that high cost of tissue banking is a challenge to market growth. Tissue banking is expensive and unaffordable by many end-users. Equipment for tissue banking are usually expensive and require high maintenance and servicing every 6-8 months. Systems for lyophilization, cryopreservation, and freeze drying have high manufacturing costs and require high energy consumption. This increases the overall cost of the infrastructure of tissue banks. Many companies such as Thermo Fisher Scientific offer services for tissue banking equipment; however, most of them are paid services (a few services are free within one year of purchase).
Beckman Coulter, BioCision, Thermo Fisher, Tecan, 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, Wisconsin Tissue Bank.
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