Lately, the thawing system market has witnessed noticeable tendencies and notable developments triggered by the mounting demand for efficient and speedy thawing solutions across different industries. One of them is the increasing adoption of innovative thawing technologies. Conventional means of defrosting are being substituted with advanced systems that come with quicker and more accurate thawing capabilities. This phenomenon is especially evident in food industry where it is essential to defrost rapidly and evenly in order to maintain good quality and safety standards for frozen food items.
Another major market trend is increased recognition of energy-efficient thawing systems. As companies around the world focus on sustainability issues, there is a growing interest in adopting cooling methods that utilize low power while causing minimum damage to the environment. Thawing equipment makers are investing heavily in research and development activities to produce solutions that combine fast delivery with saving energy resources sufficient to meet both eco-friendly consumers’ requirements as well as regulations in place.
In the health care sector, demand for thawing system has surged due to rising use of cryopreserved biologicals including blood products, vaccines, stem cells among others. The need for precise controlled thawing within medical laboratories and hospitals resulted into specialized thawers being developed specifically for these purposes. These devices are made specifically to handle fragile biological materials then ensuring their originality so they can still preserve their functions.
Moreover, there is a spatial expansion taking place across the global warmers market as manufacturers broaden its customer base globally. For instance, freezing tools' demands are not limited regionally; hence organizations should plan properly on how they would enter emerging markets quickly. This trend arises from globalizing supply chains as well as needing standardised processes for melting ice among various sectors.
Automation together with smart technologies have also had an impact on warmer’s markets (thawing system). The inclusion of sensors or monitors alongside artificial intelligence into defrosters enhances efficiency levels and accuracy when freezing liquids or items. Apart from minimizing human errors, automated thawing processes make it easier for businesses to save more on costs and optimize their operations.
Furthermore, the adoption of warming systems has been accelerated by COVID-19 pandemic especially in the pharmaceutical and healthcare industries. The global rush to deliver vaccines quickly has highlighted the importance of reliable rapid thawing technologies. This has led to manufacturers adjusting their warming systems so as to meet unique requirements that come along with handling and thawing COVID-19 vaccines thus contributing towards market growth during the pandemic."
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.
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.
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 Key Players
Intended Audience:
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