Thawing System Market Study Analysis:
During the forecast period, the thawing system market is promising a steady pace and is estimated to grow at a CAGR of 12.6% by 2022. Thawing is generally a term referred to the deforesting. They are widely utilized in the medical sector to store the blood samples or blood bags and to maintain freezing point by not converting into ice. The thawing systems are commonly done on the refrigerators and freezers periodically to sustain operating efficiency.
The growing incidences of chronic diseases and the rising need for blood in emergency situations is a major factor accelerating the growth of the market. The stringent rule and regulations by government to supply and store the blood in a proper way is additionally accelerating the market.
However, the high cost for installing these systems is limiting the growth of the market. The challenging factor is complexity in getting the approvals for the newly developed products.
The focus on developing the systems with latest technology along with the increasing sector of bio-pharmaceutical companies is lucratively showing growth opportunities of the market. The emerging of economic strategies by the government in favor to the thawing systems is also attaining a chance for the market to grow.
Thawing System Market Segment Overview:
Based on the type, the market is segmented into manual and automated. The automated type of systems is ruling the market shares by reducing the labor cost and consumes less energy.
The sample type of thawing systems includes blood, embryo, ovum, semen and others. Blood segment is further divided into plasma, stem cells, whole blood & RBCs and platelets. Every segment has their significance according to the relevant applications.
The end users in the thawing system market are blood banks & transfusion, hospitals & diagnostic laboratories, cord blood & stem cell banks, research & academic institutes, biotechnology & pharmaceutical companies and tissue banks. The blood banks & transfusion segment is dominating consumption shares of the market.
Thawing System Market Regional Analysis:
North America is the most prominent region for this market with the advanced healthcare infrastructure and the Asia Pacific is expected to witness strong growth in the coming years due to the rising healthcare standards.
Major Manufacturers Covered in this Thawing System Market Report are:
- Helmer Scientific
- Boekel Scientific
- Cardinal Health
- GE Healthcare
- Thermo Fisher Scientific
This research report includes following segmentation for the Thawing System Market size and forecast until 2022.
- Manual Devices
- Automated Devices
By Sample Type
- Other Samples
- Blood Banks & Transfusion Centers
- Hospitals & Diagnostic Laboratories
- Cord Blood and Stem Cell Banks
- Research & Academic Institutes
- Biotechnology & Pharmaceutical Companies
- Tissue Banks
Thawing System Market Analysis - By Region
- North America
- Central & South America
- Middle East & Africa