The Global Medical Thawing System Market size is expected to reach $243.7 Million by 2026, rising at a market growth of 10.4% CAGR during the forecast period. The thawing system is referred as a process created for defrosting organic samples in cell biology study. Biology study is utilized in the discovery of the drug, biobanking, assisted reproduction, cellular therapy, and regenerative medication. The thawing system is utilized for the transport of biopharmaceutical items and safe storage. There are two significant kinds of thawing systems utilized viz. manual and automated. An automated thawing system is manufactured to quickly defrost the live biological substance of a cryogenic vial with high reproducibility and negligible danger of contamination.
The majority of thawing systems transfers the heat to the surface and then depends on conduction to supply that heat to the center of the food. Some utilize electromagnetic radiation to produce heat inside the food. In choosing a thawing system for personal use, a company should strike a balance between thawing time, the capital and operating costs of the systems, appearance end microbiological condition of the product, and processing issues like effluent disposal. Out of these elements, the main criterion is the thawing time that rules the selection of the system. Appearance, microbiological condition, and weight loss are vital if the material is to be maintained in the thawed condition but have low importance if the food is to be utilized for further processing.
Based on Sample Type, the market is segmented into Blood, Ovum, Semen, Embryo and Others. The segment of the embryo is anticipated to observe profitable development opportunities during the forecast period. The high development rate of this segment is mainly due to the growth in the live birth rate due to the donation of embryos and pregnancy rate. Furthermore, the growing adoption of in vitro fertilization (IVF) technique for infertility is fueling the demand for advanced thawing systems.
Based on Product Type, the market is segmented into Manual and Automated. In 2019, the market has been dominated by manual thawing system with a major market system. The segment share is mainly because of the accessibility of a wide scope of items and high utilization because of the economical prices. The automated thaw system is anticipated to grow at the highest rate due to its features like high adoption rate, simple usage, and portability.
Based on End Use, the market is segmented into Blood Bank & Transfusion centers, Hospitals, Tissue Banks, Biotechnology & Pharma and Other End Uses. The tissue bank segment is anticipated to grow with the high growth during the forecast period. Tissues banks are considered institutions that recover and store human cadaver tissues for medical studies and education. The most generally stored tissues that are stored and harvested include cartilage, skin, tendons, bone joints, cornea, and dura mater.
| Report Attribute | Details |
|---|---|
| Market size value in 2019 | USD 140.9 Million |
| Market size forecast in 2026 | USD 243.7 Million |
| Base Year | 2019 |
| Historical Period | 2016 to 2018 |
| Forecast Period | 2020 to 2026 |
| Revenue Growth Rate | CAGR of 10.4% from 2020 to 2026 |
| Number of Pages | 205 |
| Number of Tables | 380 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Companies Strategic Developments, Company Profiling |
| Segments covered | Product Type, Sample Type, End Use, Region |
| Country scope | US, Canada, Mexico, Germany, UK, France, Russia, Spain, Italy, China, Japan, India, South Korea, Singapore, Malaysia, Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria |
| Growth Drivers |
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| Restraints |
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Free Valuable Insights: Global Medical Thawing System Market to reach a market size of $243.7 Million by 2026
Based on Regions, the market is segmented into North America, Europe, Asia Pacific, and Latin America, Middle East & Africa. The Asia Pacific region is going to observe the highest growth rate during the forecast years. The region comprises of growing economies, significantly China, India, and Japan. These nations consist of a huge number of patients with a high chronic disease rate. A rise in the number of chronic diseases that result in failures of organs is anticipated to fuel the demand for thawed blood.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include General Electric (GE) Co. (GE Healthcare), Thermo Fisher Scientific, Inc., Cardinal Health, Inc., Helmer Scientific, Inc., Sarstedt AG & Company, Boekel Scientific, Inc., Barkey GmbH & Co. KG, BioCision LLC, Sartorius AG and CytoTherm LP.
By Product Type
By Sample Type
By End-Use
By Geography
Companies Profiled
The medical thawing system market size is projected to reach USD 243.7 million by 2026.
The major factors that are anticipated to drive the medical thawing system industry include rising demand for medical thawing systems in the biopharmaceutical industry.
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General Electric (GE) Co. (GE Healthcare), Thermo Fisher Scientific, Inc., Cardinal Health, Inc., Helmer Scientific, Inc., Sarstedt AG & Company, Boekel Scientific, Inc., Barkey GmbH & Co. KG, BioCision LLC, Sartorius AG and CytoTherm LP.
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