Global Tissue Block Storage Market, By Devices Type (HistoPrep Modular File Drawers, Tissue File Cases, Micro Slide Files, Block Filing Cabinet, and Others), By Application (Oncology, Hematology, Immunology, Immunohistochemistry, and Others), By End User (Research and Scientific laboratory, Diagnostic laboratories, and Specialized Clinics) and opportunities and forecast 2020-2027
Tissue block storage market Overview
The global Tissue block storage market is expected to grow at a moderate rate during the forecast period. Growing awareness and demand for tissue block storage in the healthcare sector is boosting the growth of the global healthcare biometric market. Increasing demand to use cell lines for drug discoveries in pharmaceutical companies leads to expand the growth of the market.
Moreover, governments in many countries are supporting and taking initiatives for the adoption of Tissue regeneration using tissue engineering technology that can be helpful to repair the lost tissue, organ propelling the growth of the Tissue block storage market in near future. In addition to this, growing health care expenditure is further driving the expansion of this market globally.
On the other hand, a lack of awareness among patients and the high cost associated with the automation and issues related to tissue procurement are likely to hamper the global Tissue block storage market during the forecast period.
Covid-19 Impact on Tissue block storage market:
In addition, the current Tissue block storage market study offers a detailed analysis of the current COVID-19 pandemic impact on the market growth and its influence on the future growth of the Tissue block storage market. The recently published report demonstrates the elevation in the demand for the healthcare sector. The healthcare manufacturers have experienced long term as well as short term effect which includes supply shortages, panic buying, and stocking, regulation changes as short-term whereas approval delays and possible trend variations in consumption could be perceived as long-term impacts of COVID-19 on the health and pharmaceutical market.
The increasing need for a cure has pushed vaccine research and manufacturers to the limit. In addition to this, panic conditions have already spurred the demand for many healthcare products and services which are discussed in detail in this report. Moreover, the impact of COVID-19 on overall market revenue for the base year 2020 and its projection up to 2027 is provided in detail in this report.
Tissue block storage market Segment Overview
According to Device Type types, the market is segmented into HistoPrep Modular File Drawers, Tissue File Cases, Micro Slide Files, Block Filing Cabinet, and Others. Among these HistoPrep Modular File, Drawers holds the largest share of the market mainly because of the advantages posed by the segment including the availability of stackable, self-contained drawers, and higher capacity to hold the cassettes.
Based on application, the market is categorized into Oncology, Hematology, Immunology, Immunohistochemistry, and Others. In addition, the Oncology segment is expected to grow at the highest rate in the coming years. This owes to the growth n incidences of cancer and rise in investment over the methods for both diagnosis and treatment of cancer, thus it boosting the demand for tissue block storage market globally.
Market Analysis, Insights and Forecast – By Device Type
Market Analysis, Insights, and Forecast – By End-user
· Research and Scientific laboratory · Diagnostic laboratories · Specialized Clinics
Tissue block storage market Regional Overview
Region-wise, North America dominated the global Tissue block storage market and is expected to continue its dominance during the forecast period. Factors such as the rising number of incidences of cancer and various other conditions which require research for further growth of the healthcare industry around the world, and high health care expenditure propels the growth of the market in North America. Similarly, Asia Pacific is also expected to account for the fastest growth in the global market owing to well-established health care infrastructure. Factors such as development in the health care infrastructure, rising awareness about health, a surge in investment in pharmaceuticals and biotechnology, and growing adoption of tissue block storage for preserving the subject are expected to escalate the growth of the Tissue block storage market in Asia Pacific region.
Tissue block storage market, By Geography
· North America (US & Canada) · Europe (UK, Germany, France, Italy, Spain, & Rest of Europe) · Asia-Pacific (Japan, China, India, Australia, & South Korea, & Rest of Asia-Pacific) · LAMEA (Brazil, Saudi Arabia, UAE & Rest of LAMEA)
Tissue block storage market Competitor overview
Some key developments and strategies adopted by manufacturers in Healthcare Biometrics are highlighted below.
· In February 2021, Follett Products, LLC, a division of The Middleby Corporation, and PHC Corporation of North America announced a partnership to market and sell the PHCbi line of ultra-low temperature freezers, pharmaceutical-grade refrigerators, and biomedical freezers to Follett’s healthcare customers. This will help the tissue block storage market gain traction during the forecast period.