The increasing number of blood banks and blood infusion centers, the increase in the number of road accidents and trauma cases, the increase in blood-related disorders and the increase in the adoption of fertilization in vitro are driving the growth of the global biomedical warming and thawing devices market.
PORTLAND, Oregon., September 9, 2022 /PRNewswire/ — Allied Market Research released a report titled “Biomedical Heating and Thawing Devices Market by product (manual, automatic), by type of sample (blood product, stem cell, embryo, egg, others), by end user (biotech and pharmaceutical companies, hospitals and diagnostic laboratories, blood banks and stem cell banks ): Global Opportunities Analysis and Industry Forecast, 2022-2031.” According to the report, the global biomedical warming and thawing device industry generated $159.3 million in 2021, and should reach $376.7 million by 2031, growing at a CAGR of 9.1% from 2022 to 2031. The report offers detailed analysis of changing market trends, major segments, major investment pockets, value chain, regional landscape and competitive scenario.
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Drivers and opportunities
The increasing number of blood banks and blood infusion centers, the increase in the number of road accidents and trauma cases, the increase in blood-related disorders and the increase in the adoption of fertilization in vitro are fueling the growth of the global biomedical warming and thawing devices market. However, concerns over large batch sizes and stringent regulatory guidelines for the use of cryopreserved and thawed biomedical products are hampering the market growth. On the other hand, the increase in the number of R&D activities, the increase in the use of biomedical heating and thawing devices in biotechnology and pharmaceutical companies, technological advances in the health sector and the he increase in public spending to develop health infrastructure offers new opportunities in the market.
Covid-19 scenario
- The outbreak of the COVID-19 pandemic has hampered the growth of the global biomedical warming and thawing devices market.
- Due to strict laws and lockdown rules, there have been fewer road accidents, fewer blood donation campaigns and fewer cases of in vitro fertilization, which has hampered the growth of the biomedical devices market warming and defrosting.
- Conversely, with the waning of the pandemic, space companies have kicked into full gear and the market is on the way to recovery.
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The auto segment to dominate the market in terms of revenue over the forecast period
On the basis of product, the automatic segment contributed the largest share of nearly three-quarters of the global biomedical warming and thawing devices market in 2021, and is expected to reign supreme during the forecast period. Additionally, the same segment is expected to witness the fastest CAGR of 9.3% from 2022 to 2031, owing to the increase in the use of automatic warming and thawing device for storing cryopreserved items and effectiveness of the devices for storing them.
The blood products segment will retain its lion’s share during the forecast period
Based on sample type, the blood products segment held the largest share of more than two-fifths of the global biomedical warming and thawing devices market in 2021, and is expected to maintain significant growth during the period of forecast. Additionally, the same segment is likely to show the highest CAGR of 9.9% in 2031. This is due to increased blood donation activity, increased prevalence of blood disorders and increasing the number of blood banks.
The biotech and pharmaceutical companies segment will retain its lion’s share during the forecast period
On an end-user basis, the biotech and pharmaceutical companies segment held the largest share of more than two-fifths of the global biomedical warming and thawing devices market in 2021, and is expected to maintain notable growth during the forecast period. Moreover, the same segment is expected to show the highest CAGR of 9.4% in 2031. This is due to the increase in the number of pharmaceutical companies and the increase in initiatives by governments to develop the Health care.
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Asia Pacific to achieve the fastest growth by 2031
Based on the region, Asia Pacific is expected to manifest the fastest CAGR of 10.0% during the forecast period 2022-2031, due to increasing blood donation activity, increasing number of blood banks and blood transfusion centers and increased government spending to develop the health sector in the region. However, North America held the largest market share in 2021, accounting for more than a third of the global biomedical warming and thawing devices market, and is expected to lead the way throughout the forecast period, owing to the presence of players keys and technological advances in the field of health. sector in the region.
Main market players
- Barkey GmbH & Co.Kg
- Scientist Boekel
- Cardinal Health
- Conroy Medical AB.
- Cytiva
- CytoTherm
- Eppendorf
- Scientist Farrar
- Fisher Scientific PTE LTD (Thermo Fisher Scientific)
- FreMon Scientific, Inc.
- GE Helmer Scientific
- KW Apparecchi Scientifici
- Sarstedt AG & Co. KG
- Sartorius AG
- Thaw World Medical Ltd
Official Press Release – https://www.alliedmarketresearch.com/press-release/biomedical-warming-and-thawing-devices-market.html
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