Market snapshot- Biomedical Warming and Thawing Devices Market with Key Players: Thermo Fisher Scientific, GE Healthcare, Cardinal Health, Helmer Scientific, BioVision

Global Biomedical Warming and Thawing Devices Market is set to exceed USD 270 million by 2024; according to a new research study published by Global Market Insights, Inc. Increasing incidence of road accidents and trauma cases that require blood transfusions will drive the growth of global biomedical warming and thawing devices market. Furthermore, growing demand for in-vitro fertilization and artificial insemination processes due to rising incidence of infertility will also propel the market growth in the long run. Developing countries such as India, China, Mexico opt for in-vitro fertilization due to which the application of thawing devices has only increased.

Manual biomedical warming and thawing devices market segment held around 55% share of total product market valuation, accounting for a total value of USD 91.3 million 2017. The wide application, lesser cost and easy availability of manual thawing devices are contributing towards the large market share of these devices. Some of the players operating in this segment are Helmer Scientific, Boekel Scientific, Sartorius AG and Barkey.

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Automatic biomedical warming and thawing devices market segment is estimated to show lucrative growth in near future; it is estimated that it will grow with a CAGR of 10.8% from 2018-2024. Various companies are manufacturing automated version of thawing devices as it does not alter the integrity and safety of the biomedical sample. In addition, certain advantages such as multiple detection mechanisms, determining vial temperature, phase change initiation and thaw completion will lead to the expansion of automatic warming and thawing devices.

Blood products market segment dominated the industry, accounting for USD 64.8 million in 2017. Increasing road accidents and trauma cases, growing number of blood banks and storage centers worldwide, and greater demand for biomedical research are few of the major factors responsible for the growth of blood products market segment. In addition, fresh frozen plasma in a thawed form is increasingly in demand to be given to patients in order to restore or help to maintain their coagulation factors such as Factor V or Factor VIII.

Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
• Thermo Fisher Scientific
• GE Healthcare
• Cardinal Health
• Helmer Scientific
• BioVision
• Sartorius AG
• Sarstedt Group
• Boekel Scientific
• Barkey GmbH

Ovum/embryo market segment is estimated to grow at a CAGR of 11.0% during the forecast timeframe. Increasing incidence of infertility and greater technological advancement in the field of in-vitro fertilization will help in driving the demand for thawed embryo samples. Increasing success of frozen embryo transfer that uses embryo samples has made it a popular option to consider before moving to another fresh in-vitro fertilization cycle, thereby increasing the application of thawing equipment in hospitals and clinics.

U.S. dominated the North America biomedical warming and thawing devices market with a total value of USD 39.1 million in the year 2017. Presence of large number of blood banks and transfusion centers in the U.S. where frozen samples are stored and thawed appropriately for further transfusion in patients is boosting the market for warming and thawing devices market. The region also has one of the most sophisticated healthcare infrastructures along with number of member organizations set up by the government, that will in turn drive the market growth in the U.S.

India biomedical warming and thawing devices market is estimated to show considerable growth in the coming years at a CAGR of 12.2% from year 2018-2024. Factors such as growing biotechnology studies, and blood transfusion cases in hospitals and surgical centers will drive the demand for warming and thawing equipment in India. The high-unmet medical needs pertaining to the target disease segment, coupled with constantly improving healthcare expenditure in the country are some key factors attributing to market growth.

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Biomedical Warming and Thawing Devices Market by Product
• Manual
• Automatic

Biomedical Warming and Thawing Devices Market by Sample
• Blood Products
• Ovum/embryo
• Semen

Biomedical Warming and Thawing Devices Market by End User
• Blood Banks and Transfusion Centers
• Hospitals
• Research Laboratories and Institutes
• Pharmaceutical Industry

Global Market Insights Inc. is a global market research and management consulting company catering to leading corporations, non-profit organizations, universities and government institutions. Our main goal is to assist and partner organizations to make lasting strategic improvements and realize growth targets. Our industry research reports are designed to provide granular quantitative information, combined with key industry insights, aimed at assisting sustainable organizational development.

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This release was published on openPR.