Global Medical Thawing System Market Forecast 2022-2030

Global Medical Thawing System Market Forecast 2022-2030

KEY FINDINGS

The global medical thawing system market is estimated to project a CAGR of 7.93% during the forecast period, 2022-2030. The rising chronic disease prevalence, the growing embryo freezing among women, and the increasing need for blood transfusion due to vehicular accidents propel market growth.

MARKET INSIGHTS

Medical thawing is a crucial step in blood transfusion. Thawing is essential for safe transfusion since blood and plasma-based products are stored in cold conditions. The system uses microprocessors to regulate water bath temperature for appropriate thawing.

The increasing need for blood transfusion is one of the key growth drivers. As per the World Health Organization (WHO), around 1.3 million people die annually, and 20-50 million suffer non-fatal injuries, with disability due to injuries. Also, accidents cause organ damage, platelets, and heavy loss of blood, platelets, and tissues. As a result, blood transfusion takes place given the rising need to replenish essential bodily fluids. Additionally, given its highly organic nature, human blood is susceptible to contamination at room temperature. Besides, blood is to be stored below -30 degrees Celsius.

Accordingly, blood needs to be warmed in a thawing machine to a specific optimum temperature before blood transfer. This is because blood contents cannot be administered directly in the frozen state. Therefore, the high market demands are attributed to the increasing vehicular accidents and the thawing system’s ability to rapidly unfreeze blood without damaging blood components. However, the market growth is restrained by the lack of skilled labor.

REGIONAL INSIGHTS

The global medical thawing system market growth assessment includes the geographical analysis of North America, Europe, Asia-Pacific, and Rest of World. North America is the largest revenue-generating region in the global market, given the largest presence of several biotech and medical companies.

COMPETITIVE INSIGHTS

The market rivalry is moderate and is dominated by a few players. Some of the leading market players are Barkey GmbH & Co Kg, Cardinal Health, Boekel Scientific, BioLife Solutions Inc, etc.

Our report offerings include:
Explore key findings of the overall market
Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
Market Segmentation caters to a thorough assessment of key segments with their market estimations
Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments