Thawing System Market is anticipated to reach USD 203.57 Million by 2030 at 10.8% CAGR during the forecast period 2022-2030. Thawing system is used for safe storage and transport of biopharmaceuticals products. There are two major types thawing system used manual and automated.
The factors such as increasing technological advancements in thawing devices is the major driving factor for the market. Beside this rising use of thawed cells in the research and treatment of diabetes and cancer has provided fuel for the growth of the market. High cost of the automation may restrain the growth of the market.
According to Centers for Disease Control and Prevention, in 2017, more than 30.3 Million Americans which is nearly 1 in 10 have diabetes. According to WHO, the number of people with diabetes has risen from 108 Million in 1980 to 422 Million in 2014. Moreover, Diabetes prevalence has been increasing in low-middle income countries.
Segmentation:
The Thawing System Market has been segmented into type, sample type, and end user. By type, the market has been segmented into manual devices and automated devices. Based on sample type, the market has been segmented into blood, plasma, stem cells, whole blood & red blood cells, platelets, embryos, ovum, semen, and others. The Thawing System Market, by end user, has been segmented into blood banks & transfusion centers, hospitals & diagnostic laboratories, research & academic institutes, biotechnology & pharmaceutical companies, and others.
The Thawing System Market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The Thawing System Market in the Americas has further been segmented into North America and South America, with the North American market divided into the US and Canada. The European Thawing System Market has been segmented into Western Europe and Eastern Europe. The Western Europe tThawing System Market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The Thawing System Market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The thawing system market in the Middle East & Africa has been segmented into the Middle East and Africa.
Key players: Helmer Scientific, Sarstedt, Sartorius, Biocision, Boekel Scientific, Barkey, Cardinal Health, GE Healthcare, Thermo Fisher Scientific, Cytotherm are some of the prominent players in the thawing system market.
Regional Market Summary
Global Thawing System Share (%), by Region, 2017
Source: White Papers, Company Presentations, Annual Reports
Geographically, the Americas is anticipated to dominate the thawing system market owing to the high domestic income, and presence of major market players. According to the US Investments in Medical and Health Research and Development 2013-2015, a report by Research America, in 2015, total US medical and health R&D in the US was USD 158.7 billion.
Europe is expected to hold the second largest position in the thawing system market. The market growth in this region is attributed to the presence of strong academic & research base and availability of funding for research in the European countries. For instance, the European Research Council (ERC) provides grants for technological and scientific research conducted within the European Union (EU).
The Thawing System Market in Asia-Pacific region consists of countries namely China, Japan, Republic of Korea, India, Australia and Rest of Asia-Pacific. The Asia-Pacific region is expected to be fastest growing region owing to increasing government focus on biomedical and biotechnology sector and growing number of target population in the region.
The Middle East & Africa has the lowest share of the global thawing system market. Majority of the market of the region is anticipated to be held by the Middle East region owing to the growing government initiatives for the healthcare sector.
Thawing System Market, by Type:
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Intended Audience:
| Report Attribute/Metric | Details |
| Market Size | 2030: USD 203.57 Million |
| CAGR | 10.8% (2022-2030) |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Historical Data | 2020 |
| Forecast Units | Value (USD Million) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Type, Sample type, and End user |
| Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| Key Vendors | Helmer Scientific, Sarstedt, Sartorius, Biocision, Boekel Scientific, Barkey, Cardinal Health, GE Healthcare, Thermo Fisher Scientific, Cytotherm |
| Key Market Opportunities | · Rising use of thawed cells in the research · Treatment of diabetes and cancer |
| Key Market Drivers | Increasing technological advancements in thawing devices |
Thawing System Market Highlights:
Frequently Asked Questions (FAQ) :
As per 2030, the Thawing System Market was valued at USD 203.57 Million.
Thawing System Market is projected to grow with a valuation of 10.8% CAGR during the forecast period of 2022 to 2030.
Manual and automatic are types included in the Thawing System Market.
End users like hospitals & diagnostic laboratories, blood banks & transfusion centers, biotechnology & pharmaceutical companies, research & academic institutes, and others are a part of the Thawing System Market.
Americas has the upper hand in ensuring growth for the Thawing System Market.
Research Analyst Level I He is an extremely curious individual currently working in healthcare and medical devices domain. kinjoll is comfortably versed in data centric research backed by healthcare educational background. he leverages extensive data mining and analytics tools such as primary and secondary research, statistical analysis, machine learning, data modelling. his key role also involves technical sales support, client interaction and project management within the healthcare team. lastly, he showcases extensive affinity towards learning new skills and remain fascinated in implementing them.
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