Increase in incidents of chronic diseases, high-end technical advancements, rise in awareness about the technique, and surge in government initiatives toward plasma donation fuel the growth of the global medical thawing system market. By sample type, the blood segment held the major share in 2019. By region, on the other hand, the market across Asia-Pacific would cite the fastest CAGR by the end of 2027.
Portland, OR, April 19, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Medical Thawing System Market was estimated at $165.82 million in 2019 and is expected to hit at $279.17 million by 2027, registering a CAGR of 11.6% from 2020 to 2027. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends.
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Increase in incidents of chronic diseases, high-end technical advancements, rise in awareness about the technique, and surge in government initiatives toward plasma donation fuel the growth of the global medical thawing system market. On the other hand, increase in launches of medical thawing system and rise in number of embryo donor’s further fuel the growth. However, high cost of the automation impedes the growth to some extent. Nevertheless, growing need for new medicinal inventions to push adoption of thawing systems is projected to pave the way for novel opportunities in the industry.
The outbreak of the pandemic made government bodies across the globe impose several rules and lockdowns, which led to postponement of non-emergency surgical procedures and in-hospital therapies. This factor impacted the medical thawing system market negatively.
On the other hand, thawing played a vital part in drug discovery and research & development during the preparations of covid-19 drugs/vaccines.
The global medical thawing system market is analyzed across sample type, end-user, and region. On the basis of sample type, the blood segment contributed to more than half of the total market share in 2019, and is projected to lead the trail during the forecast period. Simultaneously, the embryo segment would exhibit the fastest CAGR of 12.4% from 2020 to 2027.
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On the basis of end user, the blood bank segment accounted for more than one-third of the total market revenue in 2019, and is expected to retain its dominance during the forecast period. At the same time, the tissue banks segment would cite the fastest CAGR of 13.1% from 2020 to 2027.
On the basis of region, North America held nearly two-fifths of the global, and is expected to dominate by 2027. The Asia-Pacific region, on the other hand, would cite the fastest CAGR of 13.7% throughout the forecast period. The other provinces discussed in the report include Europe and LAMEA.
The key market players analyzed in the global medical thawing system market report include Boekel Scientific, BioLife Solutions Inc, Cardinal Health, Inc., Sarstedt AG & Co. KG, General Electric Company, Helmer Scientific, Thermo Fisher Scientific Inc., Sartorius AG, Barkey GmbH & Co. KG, and Terumo Corporation. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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