Chronic Diseases' Prevalence boosts Global Medical Thawing System Market Growth

Inkwood Research estimates that the Global Medical Thawing System Market is evaluated to project a CAGR of 7.93% in terms of revenue during the forecasting years of 2022-2030.

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Medical thawing systems defrost biological samples for safe storage & transportation of biopharma products and biology research. These utilize microprocessors to regulate temperature and perform cryopreserved ovum, embryo, and semen samples. There is a growing demand for automated medical thawing systems globally, given the rising use of blood products and frozen plasma globally.

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High Prevalence of Chronic Diseases propels Market Demands

Chronic diseases require extensive medical care. These include thrombocytopenia, sickle cell disease, severe infection, liver disease, kidney disease, hemophilia, cancer, and anemia. These diseases damage blood constituents like white blood cells (WBCs), red blood cells (RBCs), and platelets, since blood is a carrier of oxygen and nutrients in the body. The damage to blood constituents can further lead to blood loss or anemia.

Further, according to the World Health Organization (WHO), non-communicable diseases (NCDs) result in 41 million deaths annually. Additionally, inherited blood disorders like thalassemia need frequent blood transfusions. Besides, the disease prevalence among the global population is significant. Moreover, the thawing systems' ability to enable pre-blood transfusion processes and the growing chronic diseases further propel the global medical thawing systems market growth.

Tissue Banks is the Fastest-Growing End-User

Tissue banks store and recover human cadaver tissues for medical research and education. The most common tissues stored and harvested include dura mater, cartilage, cornea, bone joints, skin, and tendons. Most of these have applications in treating burn injuries. The advanced thawing systems aid in raising the success rate of tissue transplantation procedures. In addition, technological advancements and growing applications of tissue products fuel market growth.

Asia-Pacific: Fastest-Growing Region

The region benefits from the presence of growing economies like Japan, India, and China, having chronic disease incidences. Also, the growing number of chronic diseases that lead to organ failure is projected to increase the market demands with regard to thawed blood. Additionally, the thriving biopharmaceutical companies offer growth opportunities.

The industry rivalry is evaluated to be moderate, attributed to the key strategic development strategies by the established market players. Some of the eminent companies operating in the market are Boekel Scientific, Thermo Fisher Scientific, Danaher Corporation, Cardinal Health Inc, etc.

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