Thawing System Market worth 252.7 Million USD by 2022

According to the new market research report  “Thawing System Market by Type (Manual, Automated), Sample (Blood, Plasma, RBC, Platelets, Whole Blood, Embryo, Semen), End User (Blood Bank, Transfusion Center, Hospital, Tissue Bank, Biotechnology & Pharmaceutical) - Global Forecast to 2022” ", published by MarketsandMarkets™, the thawing system market is expected to reach USD 252.7 Million by 2022 from USD 124.1 Million in 2016, at a CAGR of 12.6%. The base year for this study is 2016 and the forecast period is 2017–2022.

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The objectives of this study are as follows:

·         To define, describe, and forecast the thawing system market on the basis of type, sample type, end user, and region

·         To forecast revenue of the market segments with respect to four main regional segments, namely, North America, Europe, Asia Pacific, and the Rest of the World (RoW)

·         To identify the micromarkets with respect to drivers, restraints, industry-specific challenges, opportunities, and trends affecting the growth of the market

·         To strategically analyze market segments and subsegments with respect to individual growth trends, prospects, and contributions to the overall market

·         To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders

·         To profile the key players and comprehensively analyze their market shares and core competencies in terms of market developments and growth strategies

·         To track and analyze competitive developments such as partnerships, agreements, collaborations, and joint ventures; mergers and acquisitions; product launches; and research and development activities in the thawing system market

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The key players in the thawing system market include Helmer Scientific (US), Boekel Scientific (US), Sarstedt(Germany), Barkey (Germany), BioCision (US), Cardinal Health (US), Sartorius (Germany), GE Healthcare (US), Thermo Fisher Scientific (US), and CytoTherm (US).

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The global thawing system market is dominated by North America, followed by Europe. North America will continue to dominate the global thawing system market in the forecast period. However, Asia Pacific is expected to witness the highest CAGR, with the growth in this market centered in Japan, China, and India. Factors such as rising focus of major players in emerging Asian countries and government support are driving the growth of the thawing system market in this region.

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The factors such as the high degree of consolidation, high cost of devices, and complex regulatory framework for the approval of new products may restrain the market’s growth to a certain extent.

Major industry players launched innovative products to maintain and improve their position in the thawing system market. Helmer Scientific (US), Sarstedt (Germany), Sartorius (Germany), BioCision (US), and Boekel Scientific (US) have been identified as the key players in this market. These companies have a broad product portfolio with comprehensive features and have also launched innovative products. These leaders also have products for all end users in this market, a strong geographical presence, and they focus on continuous product innovations.

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