Blood Thawing System Market: Introduction
According to the report, the global level blood thawing system market was valued at ~ US $ 174 million in 2019. The market is expected to grow at a moderate CAGR from 2020 to 2030. Blood thawing machine is used to thaw or warm blood components packaged in plastic bags such as frozen plasma, erythrocyte concentrate and whole blood. North America dominated the global blood thawing systems market in 2019, followed by Europe and Asia-Pacific. The dominance of North America can be attributed to the increase in the prevalence of cardiovascular disease worldwide and the increase in the geriatric population. These factors are also expected to drive the global blood thawing systems market during the forecast period. Increasing number of surgical procedures in developed countries and increasing attention paid to developing countries by major market players are expected to propel the global Blood Thawing Systems market in near future.
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Increasing Surgical Operations Globally To Drive The Market
According to the WHO estimate, there was 266.2 To 359.5 million transactions carried out in 2012. This characterizes a 38% increase in the rate of surgery over the past eight years. The surgical volume is also expected to increase significantly in the near future. Increasing the number of surgeries ultimately increases the demand for blood during surgery thereby increasing the need to thaw blood which is driving the market for Blood Thawing Systems.
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Increasing Use of Thawed Cells in Disease Research and Treatment to Drive Global Market
According to the WHO, the number of people with diabetes has risen from 108 million in 1980 To 422 million in 2015. In addition, the prevalence of diabetes has increased in low- and middle-income countries. Thus, the increase in the use of thawed cells in various chronic diseases, such as diabetes, is fueling the market for blood thawing systems.
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Blood Thawing System Market: Important Regions
In terms of region, the global blood thawing systems market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. North America dominated the global blood thawing systems market in 2019, followed by Europe and Asia-Pacific. According to research, increasing geriatric population leading to increased prevalence of atrial fibrillation and other heart diseases is a major factor attributed to North America’s dominance in the global Freezing System market. blood. The blood thawing systems market in Europe is expected to grow at a considerable CAGR from 2020 to 2030. The expansion of the blood thawing systems market in the region can be attributed to an increase in the prevalence of renal failure terminal (IRT), favorable reimbursement policies and the rapid introduction of medical equipment in the region. Government support in dialysis awareness is another major factor driving the Blood Thawing Systems market in Europe. In addition, CytoSorb, an EU-approved extracorporeal cytokine adsorber developed to reduce the storm of cytokines and other inflammatory mediators in the blood, is used significantly in the treatment of critically ill COVID-19 patients. It has been used successfully in the treatment of COVID-19 patients in Italy and Germany, among other countries.
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Launch of products and innovations by key players to fuel market growth
The global Blood Thawing Systems market is consolidated in terms of number of players. The market is dominated by key players with innovative product offerings, a solid and strong geographic presence and the adoption of technological advancements in the market. Major players include Fremon Scientific Inc., Helmer Scientific Inc., Barkey GmbH & Co. KG, Boekel Scientific, KW Scientific Apparatus Srl, Cardinal Health, Cytiva (GE Healthcare), Sarstedt AG & Co. KG, Thermo Fisher Scientific, Inc , and Sartorius AG. In January 2019, FreMon Scientific obtained approval from the United States Food and Drug Administration for its Zip Thaw medical device for thawing frozen plasma.
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