The Global Medical Thawing System Market was valued at $190.2 Million in 2020. Growing at a high CAGR of more than 7.96% between 2021 and 2031, it is estimated to reach $458.4 Million by 2031. However, the current pandemic of COVID-19 might make a slight difference in the growth rate in the present year. The hemorrhage problem is directly responsible for the bulk of all trauma-related deaths. Growing demand for thawed blood to be more immediately available to manage major bleeding contributes to market growth. Increasing awareness, raising blood donors, and rapid demand for advanced thawing solutions are major factors that boost the market growth. The developing demand for the thawing of plasma on-demand and technological advancement in thawing systems contributes to the growth during the forecast period. Now, moving forward, the robust demand for the global Medical Thawing System market in the healthcare department is further estimated to create new necessities and augment the market of growth over the forecast period of 2021-2031.
Global Medical Thawing System Segment Is Estimated to Witness Remarkable Growth
Source: SAI Research
The Medical Thawing System market is segmented as product, sample, and application. Based on the product, the global Medical Thawing System market has been divided into Manual and Automated. Based on the sample, the global Medical Thawing System market has been classified as Blood, Embryo, Ovum, Semen, and Others. Based on the end-use, the global Medical Thawing System market has been bifurcated as Blood Bank & Transfusion Centers, Hospitals, Tissue Banks, Biotechnology & Pharma, and Others.
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By Region, North America is Holding the Major Market Share
The Medical Thawing System Market has been geographically segmented into North America, Asia Pacific, Latin America, Middle East, Europe, and Africa region. In addition to this, North America has a significant share among those regions. The regional market comprises developing nations, whose development rate is faster than most of the developing countries in the world. The growing demand for medical thawing and increasing investment in the healthcare industry are the factors in the development of the market. Increasing disposal incomes, availability of advanced technology, expansion of the private healthcare sector to rural areas, and other potential factors drive the market over the forecast period. Apart from that, the Asia Pacific and Europe are expected to increase the growth rate in the upcoming forecast period of 2021 to 2031.
Major Players in the Global Medical Thawing System Market
The report covers a detailed outlook about the company, and it includes the company or industry profiles and market share of key players operating in the global market. Key players in the report include 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 among others.
The Global Medical Thawing System Market Has Been Segmented into:
Scope of the Report:
Report Coverage |
Details |
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Base Year: |
2020 |
Market Size in 2020: |
US$ 190.2 Million |
Historical Data for: |
2018 to 2020 |
Forecast Period: |
2021 to 2031 |
Forecast Period 2021 to 2031 CAGR: |
7.96% |
2031 Value Projection: |
US$ 484.4 Million |
Segments covered: |
By Product- Manual, and Automated. By Sample- Blood, Embryo, Ovum, Semen, and Others. By End-Use- Blood Bank & Transfusion Centers, Hospitals, Tissue Banks, Biotechnology & Pharma, and Others. |
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Geographies covered: |
North America: U.S., Canada, Mexico Europe: Germany, U.K., Spain, France, Italy, Russia, Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Africa: South Africa, North Africa, and Africa Middle East: GCC, Israel, and Rest of Middle East Latin America: Brazil, Argentina, Rest of Latin America |
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Companies covered: |
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 among others. |
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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