Thawing System Market – Highlights
The Global Thawing System Market held a market value of USD 250 Million in 2017 and is projected to grow at a CAGR of 11.6% over the forecast period. Thawing system is mainly used for safe storage and transport of various biopharmaceuticals products which are used for various research purposes.
Due to increasing focus on research and development of cell therapies, moreover increasing applications in cancer treatment. Companies are using a trend of strategic alliance and acquisition to gain the market and minimize the competition in the market.
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Additionally, the growing research and development expenditure by the government as well as private sector is likely to contribute to the market growth. As per the data by the Office for National Statistics, in 2016, the gross domestic expenditure on research and development (R&D) was Euro 33.1 billion (USD 35.2 billion) in the UK. However, the high cost of Automation may hamper the market growth during the assessment period.
Leading Key Players
Thermo Fisher Scientific
Thawing System Market – Segmentation
The Global Thawing System Market has been segmented into type, sample type, and end user. By type, the market has been segmented into manual devices and automated devices. Based on sample type, the market has been segmented into blood, plasma, stem cells, whole blood & red blood cells, platelets, embryos, ovum, semen, and others.
The thawing system market, by end user, has been segmented into blood banks & transfusion centers, hospitals & diagnostic laboratories, research & academic institutes, biotechnology & pharmaceutical companies, and others.
Detailed Regional Analysis
On regional basis, the Americas is anticipated to dominate the global thawing system market owing to the growing R&D budgets by both government as well as commercial pharmaceutical and biotechnological companies and increasing adoption of advanced technologies in the region.
Europe is expected to hold the second largest position in the global thawing system market owing to the presence of strong academic & research base and availability of funding for research in the European countries.
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Asia Pacific has served an opportunity for developing thawing system market in this region due to increasing demand for the better treatment and devices and increasing prevalence of disease like diabetes and cancer.
The Middle East & Africa has the least share of the global thawing system market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the increasing government initiatives for the healthcare sector.
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