Grand View Research, Inc. - Market Research And Consulting.According to report published by Grand View Research, the global medical thawing system market size was valued at USD 157.1 million in 2019. It is expected to expand at a compounded annual growth rate (CAGR) of 7.5% from 2020 to 2027.
The global Medical Thawing System Market size is expected to reach USD 278.8 million by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 7.5% during the forecast period. The growing demand for medical thawing systems in blood banks and laboratories, where it requires warming of products such as crystalloid infusion solution, whole blood, and RBC before transfusion into a patient, is expected to drive the growth. Technological advancements in automated thaw systems at the point of care settings and rising demand for rapid thawing techniques of frozen plasma in various surgical procedures are the factors augmenting the market growth. Besides, the rising use of thawed cells due to the high incidence of road accidents, diabetes, cancer, and trauma cases are also creating demand.
The rising number of surgical procedures and increasing incidence of hemorrhage related conditions in these surgical procedures are driving the healthcare thawing system market growth. Rising demand for thawed blood to be more rapidly available for hemorrhage in various invasive surgical procedures is the major contributor to the market growth. Moreover, the increasing number of product launches and continuous improvement in the features of the thaw system is also contributing to the demand. The increasing number of embryo donors and the rising awareness about third-party reproduction is also augmenting the demand for thawing systems. According to the Centers for Disease Control and Prevention, there were more than 2.6 lakhs attempts at in vitro fertilization in 2016.
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Medical Thawing System Market Report Highlights
- North America captured the largest revenue share in 2019 owing to technological advancement and speedy FDA approval
- By type, the manual thaw system segment dominated in 2019 owing to high usage in blood banks and transfusion centers
- By sample, the blood segment dominated the market in terms of revenue in 2019, due to the increasing number of surgical procedures and rising need for a quick thaw
- Based on end-use, blood bank and transfusion centers dominated the market in 2019, owing to the increasing number of blood banks
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Medical Thawing System Market Segmentation
Grand View Research has segmented the global medical thawing system market based on product type, sample, end-use, and region:
Medical Thawing System Product Type Outlook (Revenue, USD Million, 2016 - 2027)
Medical Thawing System Sample Outlook (Revenue, USD Million, 2016 - 2027)
Medical Thawing System End-use Outlook (Revenue, USD Million, 2016 - 2027)
- Blood Bank & Transfusion Centers
- Tissue Banks
- Biotechnology & Pharma
Medical Thawing System Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- Asia Pacific
- South Korea
- Latin America
- Middle East & Africa
- South Africa
- Saudi Arabia
List of Key Players of Medical Thawing System Market
- Helmer Scientific Inc.
- SARSTEDT AG & Co. KG
- BioCision, LLC
- GE Healthcare
- Boekel Scientific
- Cardinal Health
- GE Healthcare
- Thermo Fisher Scientific
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About Grand View Research
Grand View Research provides syndicated as well as customized research reports and consulting services on 46 industries across 25 major countries worldwide. This U.S.-based market research and consulting company is registered in California and headquartered in San Francisco. Comprising over 425 analysts and consultants, the company adds 1200+ market research reports to its extensive database each year. Supported by an interactive market intelligence platform, the team at Grand View Research guides Fortune 500 companies and prominent academic institutes in comprehending the global and regional business environment and carefully identifying future opportunities.
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