The market growth is primarily driven by the growing incidence of chronic diseases and technological advancements in thawing devices.
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%.
Market Dynamics
+ Drivers
+ Rising Focus of Biorepositories on Expanding Their Storage Capacities
+ Technological Advancements in Sample Thawing Devices
+ Rising Use of Thawed Cells in the Study and Treatment of Diabetes and Cancer
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The thawing system market is classified into manual and automated devices. The manual devices segment is expected to lead the global thawing system market in 2017. Factors driving the growth of this segment include low cost and wider availability of manual devices across the globe.
The market is segmented into blood, embryos, semen, ovum, and other samples (nucleic acids and human tissues). The blood sample segment is anticipated to account for the largest share of the global thawing system market in 2017. Rising incidence of blood disorders and increasing demand for various types of blood products are major factors responsible for the large share of this segment.
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.
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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