The medical thawing system market is vast, with a large number of global and local players. The key leaders follow various strategies to strengthen their market position, such as increasing product portfolio, expansions, mergers, acquisitions, and product innovations to enlarge their market share at the global level. For example, in 2016 January BioCision, LLC launched two thaw systems for 1.5 mL cryogenic vials and 6mL AY-Closed Vials. The crucial players included in the report are BioCision, LLC, Helmer Scientific Inc., Boekel Scientific, SARSTEDT AG & Co. KG, GE Healthcare, Cardinal Health, Barkey, GE Healthcare, Thermo Fisher Scientific, and Cytotherm.
In this research report, the medical thawing system market is segmented by product type, sample, and region.
Manual Thaw System Market Dominates
By product, the report is categorized into Manual and Automated. The manual thaw system segment dominates the solution segment in 2019 with a maximum market share. It is due to the availability of a wide range of products and high usage due to affordable prices. Moreover, rising demand for the thawing system at the point of care settings and increasing technological advancement and collaborations by significant industry players contribute to the product segment growth in the forecast period.
By Sample the Blood Segment Holds Largest Share
By sample, the report is categorized into Blood, Embryo, Ovum, Semen, Others. The blood segment is accounted for the largest share of 22.5% in 2019. It is due to a growing demand for blood and blood products. Moreover, the rising incidence of hemorrhage related events, thus driving the sample segment in the forecast period.
North America Region Dominates with a Maximum Market Share
In the regional outlook of the global medical thawing system market, the North America region dominates with a maximum market share of 30% in 2019. It is due to the early adoption of medical thawing system solutions by healthcare units in the region coupled with the growing prevalence of chronic conditions in U.S. and other areas of North America. Moreover, the presence of significant market players in the U.S. contributes to the medical thawing system market's growth across North America.
Global Medical Thawing System Market Overview
The key driver impacting the medical thawing system market is the increasing awareness regarding blood donations leads to growing blood donors. For instance, According to the World Health Organization report (2020), over 118.5 million blood donations were collected worldwide. Around 40% of these are collected in high-income countries. Also, a rise of 7.8 million blood donations from voluntary unpaid donors was recorded from 2013 to 2018. In total, 79 countries collect over 90% of their blood supply from voluntary unpaid blood donors, and around 56 countries collect more than 50% of their blood supply from family/replacement or paid donors.
According to Value Market Research, the global medical thawing system market was valued at around USD 155 million in 2019 and is estimated to grow at a CAGR of about 7.5% during the forecast period of 2020-2026.
Moreover, the growing demand for rapid thawing of fresh frozen plasma at the point of care, procedure room, trauma location, and the operating room is also estimated to be an important determinant that adds growth to the market. In addition to this, the accelerating demand for thawed cells utilized in the treatment and analysis of diseases such as cancer, heart failure, diabetes, and blood-related disorder is also predictable to enhance market demand in the coming years. For instance, According to the World Health Organization, Haemoglobin disorders are considered the most critical health problem in 71% of 229 countries, and this 71% of countries include 89% of all births globally. Approximately 330 000 affected infants are born annually, in which 83% sickle cell disorders and 17% are affected by thalassaemias.
Global Medical Thawing System Market​ Share by Region (Representative Graph)
However, the high cost of medical automation may hamper the global medical thawing system industry in the long run. The current industry trend, such as rising government initiatives to boost plasma donation, increasing product launches, and immediate Food and Drug Administration (FDA) approval, is expected to provide beneficial market opportunities for the key players in the forecast years.
Market Segmentation covered in the Report:
By Product Type
By Sample
- Blood
- Embryo
- Ovum
- Semen
- Others
By Region
- North America
- Europe
- the Asia Pacific
- Latin America
- The Middle East and Africa
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