Global Thawing Equipment Market – Industry Trends and Forecast to 2029

Global Thawing Equipment Market, By Product (Manual, Automatic), Sample (Blood Products, Ovum/Embryo, Semen, Human Tissue Samples, Organs, Stem Cells, Other), End User (Blood Banks and Transfusion Centers, Hospitals, Research Laboratories, Pharmaceutical Industry, Biobanks, Gene Banks), Application (Therapeutic Applications, Research Applications, Clinical Trials, Other Applications) – Industry Trends and Forecast to 2029.

 Thawing Equipment Market Analysis and Size

A thawing system can be used to safely store and transport biopharma products. There are two types of thawing systems, automated and manual. A cryogenic vial's living biological contents are thawed using an automated thawing system. The thawing system is widely used in blood banks and transfusion centers. In recent few years, there is remarkable growth in number of surgeries related to cancer and organ transplant, which require blood in large amounts.

Data Bridge Market Research analyses that the thawing equipment market which was USD 180 million in 2021, is expected to reach USD 321.03 million by 2029, at a CAGR of 7.50% during the forecast period 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Thawing Equipment Market Scope and Segmentation      

Market Definition

Thawing system is the process developed for defrosting biological samples in cell biology research. This system is required for storing and transporting the biopharmaceuticals products. Thawing systems are used in pharmaceutical companies, diagnostic centres, biotechnology, and biobanks to defrost biological samples. In the biopharmaceutical industry, freezing is one of the primary manufacturing processes. Thawing systems for process development include containers and thaw bags. Thawing systems aid research and development by reducing the amount of sample required.

Global Thawing Equipment Market Dynamics

Drivers

• Increasing demand for frozen food products

The rising prevalence of blood-related disorders, such as rare blood disorders, has increased the demand for blood for treatment and surgery. Furthermore, an increasing number of accidents and trauma cases necessitate blood transfusions, which increases demand for cryopreserved blood products. These all are the factors which drives the global thawing equipment market.

• Rising usage of thawing system

A thawing system is a device that is used to defrost biological samples such as blood, sperm, embryo, and ovum. These systems consist of two major components such as thaw bags for process development and containers. Blood banks, diagnostic centres, pharmaceutical companies, biobanks, and biotechnology institutes all use thawing systems. As a result, increased use of this device among the aforementioned end-users is expected to fuel demand for vendors in the global thawing equipment market in the coming years.

 Opportunities

• Rise in the field of bio preservation

The rising investment in research and development activities, rising demand for organ transplants as well as an increase in the number of research studies in the field of bio preservation, advancements in bio banking and the preservation of cord blood stem cells from new-borns are all expected to boost the growth of the thawing equipment market during the forecast period.

Restraints/Challenges

• High cost of equipment

High cost of devices and inaccuracy of non-contact thawing equipment will obstruct the market's growth rate. Many hospitals around the world were forced to postpone non-emergency surgical procedures and in-hospital therapies. These healthcare providers are focusing on providing emergency care to coronavirus-infected patients. As a result, the decreased number of surgeries all over the world is having a negative impact on the global thawing equipment market sales.

This thawing equipment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the thawing equipment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Global Thawing Equipment Market Scope

The thawing equipment market is segmented on the basis of product, sample, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

• Manual
• Automatic

 Sample

• Blood Products
• Ovum/Embryo
• Semen
• Human Tissue Samples
• Organs
• Stem Cells
• Other

 End User

• Blood Banks and Transfusion Centers
• Hospitals
• Research Laboratories
• Pharmaceutical Industry
• Biobanks
• Gene Banks

Application

• Therapeutic Applications
• Research Applications
• Clinical Trials
• Other Applications

Thawing Equipment Market Regional Analysis/Insights

The thawing equipment market is analysed and market size insights and trends are provided by country, product, sample, application and end user as referenced above.

The countries covered in the thawing equipment market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the thawing equipment market due to the prevalence of large blood banks and improved healthcare infrastructure in the region.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the growing healthcare expenditure.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The thawing equipment market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for thawing equipment market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the thawing equipment market. The data is available for historic period 2010-2020.

Competitive Landscape and Thawing Equipment Market Share Analysis

The thawing equipment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to thawing equipment market.

Some of the major players operating in the thawing equipment market are:

• Thermo Fisher Scientific Inc. (U.S.)
• Merck KGaA (Germany)
• ThermoGenesis Holdings Inc. (U.S.)
• BioLifeSolutions (U.S.)
• So-Low Environmental Equipment Co. (U.S.)
• Helmer Scientific Inc. (U.S.)
• OPS Diagnostics LLC (U.S.)
• Sartorius AG (Germany)
• Sarstedt AG & Co. KG (Germany)
• Boekel Scientific (U.S.)
• Barkey (U.S.)
• Cardinal Health (U.S.)
• General Electric (U.S.)