According to a global Medical Thawing System market report published by Sheer Analytics and Insights, the total market was valued at $190.2 million in 2020, growing at a commendable CAGR of 7.96% from 2021 to 2031. It is estimated to reach $458.4 million by 2031. North America dominated the global medical thawing system market in 2020 with a 39.2% market share in value terms. It is anticipated that Asia-Pacific will grow at the fastest growth rate of 8.1% through the forecast period. The increasing demand for medical thawing and growing investment in the healthcare industry restructuring are the factors in the development of the market.
Covid has impacted the market positively, as medical thawing systems had shown a good surge of 13.1% from 2019 end to 2020 end. The global medical thawing system market is mainly driven by increasing awareness and advantages of the system, increasing interest of people in donating blood, and rapid demand for advanced thawing solutions across developed and developing nations. The growth in demand for medical thawing systems due to post effects of Covid is anticipated to sustain throughout the forecast period; therefore, it is estimated to have a moderate positive impact on the global medical thawing system market in the short term.
Moreover, the rise in the incidence of transfusion-transmitted infections and healthcare-associated infections (HAI) have encouraged the need for next-gen thawing equipment. Advancements observed in cryopreservation techniques, especially for the embryo, blood, and red blood cells (RBC), and improvements in regenerative medicine have revealed new opportunities for players in the medical thawing system market.
Therefore, medical thawing is required for many processes as per requirements. Correct medical thawing is one of the most demanded technologies in the healthcare sector and is expected to grow at a decent rate through the forecast period.
According to the study, key players operating in this market are Helmer Scientific Inc., SARSTEDT AG & Co. KG, BioCision, LLC, GE Healthcare, Boekel Scientific, Barkey, Cardinal Health, GE Healthcare, Thermo Fisher Scientific, Cytotherm, Sartorius AG, Genesis PS, KW apparecchi scientifici, EMSA, and Meditech Technologies India Private Limited.
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The Global Medical Thawing System Market Has Been Segmented into:
Global Medical Thawing System Market: By Product
Global Medical Thawing System Market: By Sample
Global Medical Thawing System Market: By End-Use
Global Medical Thawing System Market: By Region
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