Zion Market Research has published a new report titled “Biomedical Warming and Thawing Devices Market by Sample (Blood Products, Ovum/embryo, Semen and others), Product (Manual and Automatic) and End user (Hospital, Research Laboratories and Institutes, Pharmaceutical Industry and Others): Global Industry Perspective, Comprehensive Analysis and Forecast, 2019 – 2025”.
According to the report, global demand for Biomedical Warming and Thawing Devices Market was valued at approximately USD 138.48 Million in 2018, and is expected to generate revenue of around USD 270.57 Million by end of 2025, growing at a CAGR of around 10.09% between 2018 and 2025.
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Cryopreservation is needed for the use of extremely low temperatures to preserve cells and tissues. Biomedical heating and thawing devices assist in the heating and thawing of cryopreserved products. Cyropreservative chemicals can cause sustained damage to living cells. Hence, they should be heated at a rapid rate from the frozen state before full thawing is achieved. The frozen cells are quickly thawed in a water bath at 37 ° C, and the cells are then transferred to a pre-warmed growth medium. It is necessary to move the content of the vials in the medium after thawing to reduce the exposure of cells to cyropreservative agents. Hence, warming and thawing devices are important in reducing the impact of cyropreservatives on cells, ensuring their viability for use for various purposes in healthcare and science.
Increasing the number of injuries and emergency cases leading to blood transfusions would stimulate market growth for biomedical heating and thawing tools over the forecast period. According to the World Health Organization, drowning, traffic collisions, poisoning, falls or burns cause 9 per cent of global mortality. However, due to increasing infertility occurrence, increased demand for in-vitro fertilization and artificial insemination procedures has had a positive impact on market demand. As thawing tools in the pharmaceutical industry and biotechnology studies such as plant tissue cultivation, animal tissue cultivation and many other potential applications are increasingly being used, demand for heating and thawing equipment will increase rapidly in the near future. Furthermore, increased use of thawing devices required for cryopreserved cells has driven the growth of the market. Increasing government initiatives around the globe have helped the healthcare sector by providing medical devices of superior quality, which in turn has encouraged the growth of the market. Technological developments in automated thawing devices have enabled an efficient thawing process, increasing its use in most transfusion centers, blood banks, hospitals, and clinics.
The market for Biomedical Warming and Thawing Devices is segmented based on sample, product, end user, and region. Based on Sample, the market is segmented into Blood Products, Ovum/embryo, Semen and others. Rising number of road accidents and trauma events, increasing numbers of blood banks and processing centers worldwide, and increasing demand for biomedical research are just a few of the major factors responsible for the growth of the blood product market segment. Based on the Product segment, the market is split into Manual and Automatic. The automated devices segment is expected to account for a prominent market share during the forecast period due to an increase in demand for automation in life sciences facilities and an increase in the number of prominent players offering such devices on the market.
Based on the End user segment, the market is bifurcated into Hospital, Research Laboratories and Institutes, Pharmaceutical Industry and others. During the forecast period, the segment of blood banks and transfusion centers is expected to expand at a rapid CAGR due to increased use of biomedical devices for blood processing and other samples required during transfusion.
Regional segmentation comprises the current and forecast demand for Asia Pacific, North America, Latin America, Europe, and Middle East & Africa with its further bifurcation into major countries. Due to an rise in the significance of cryopreservation of cells and blood products and the involvement of main players manufacturing these devices in the US, North America is projected to account for a substantial market share during the prediction period. Due to an upsurge in demand for technologically advanced biomedical heating and thawing tools and extensive research activities on blood products in countries such as the U.K., Germany and France, the market in Europe is anticipated to expand rapidly over the forecast period.
Some of the players included in Biomedical Warming and Thawing Devices market are Barkey, BioCision, Boekel Scientific, Cardinal Health, CytoTherm, GE Healthcare, Helmer Scientific, Sarstedt AG & Co. KG, Sartorius AG, and Thermo Fisher Scientific amongst others.
The report segments global Biomedical Warming and Thawing Devices market as follows:
Global Biomedical Warming and Thawing Devices Market: Sample Segment Analysis
Global Biomedical Warming and Thawing Devices Market: Product Segment Analysis
Global Biomedical Warming and Thawing Devices Market: End user Segment Analysis
Global Biomedical Warming and Thawing Devices Market: Regional Segment Analysis
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