Biomedical Warming and Thawing Devices Market 2020 By Revenue, Top Trend & Regio – Fractovia News

Biomedical Warming and Thawing Devices Market report offers in-depth analysis of the industry size, share, major segments, and different geographic regions, forecast for the next five years, key market players, and premium industry trends. It also focuses on the key drivers, restraints, opportunities and industry challenges.

Biomedical warming and thawing devices have gained significant prominence in healthcare and pharmaceutical sectors over the past few decades. Medical devices and equipment manufacturers have been constantly innovating to develop novel solutions that meet standard regulatory requirements. In January, FreMon Scientifics ZipThaw gained FDA clearance for frozen plasma thawing as a Class II medical device. It is a dry and portable precision plasma thawing device that can be used to deliver vital plasma to patients at the correct time and temperature. ZipThaw had also previously earned an ISO certification, a CE Mark, and an UL Listing.

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GMI, forecasts that global biomedical warming and thawing devices market size will reach an annual valuation of more than US$270 million by 2024.

The use of biomedical warming and thawing devices has gained momentum mainly on account of increasing number of accidents, trauma cases, and critical injuries. An estimated 1.3 million people die in road accidents every year and nearly 78.2 million are injured, according to an article published in the National Center for Biotechnology Information. Governments have undertaken numerous initiatives to enhance blood donation, storage, and transportation services and to supply high-quality freezing, warming, and thawing devices to healthcare institutions.

Considering the type of sample, ovum and embryo segment will witness a CAGR of around 11% through 2024. An increasing number of infertility cases over the past few decades have increased the demand for in-vitro fertilization and advanced research in the field of infertility. With constant technological developments in assisted reproductive technology, modern devices have the ability to freeze and thaw embryos successfully. Most fertility patients who choose in-vitro fertilization benefit from the utilization of frozen embryos.

Biomedical warming and thawing devices are generally available in manual and automatic types. In 2017, manual warming and thawing devices industry size was estimated to be worth more than US$91.3 million. These devices are cost-effective and widely available, which has augmented their preference. Automatic warming and thawing devices on the other hand are rapidly gaining traction as they offer a range of additional benefits and features such as automatic thaw completion, phase change initiation, determination of vial temperature, and multiple detection mechanisms.

Blood banks and transfusion centers, pharmaceutical companies, hospitals, and research laboratories are among the major end-users of biomedical warming and thawing devices. In 2017, blood banks and transfusion centers accounted for a revenue share worth US$44.3 million. With growing utilization of blood and plasma samples in hospitals, the number of blood donation and transfusion centers has increased tremendously. Meanwhile, research laboratories are adopting warming and thawing devices to advance research on cancer and other chronic diseases.

China biomedical warming and thawing devices industry size is projected to grow at a CAGR of more than 10.9% through 2024. With substantial investments in development of its healthcare infrastructure, China is one of the most technology advanced countries today. The country is also the second largest manufacturer of medical devices and equipment across the globe. The regional demand for biomedical warming and thawing devices will likely be driven by growing number of road accidents and subsequent blood transfusion procedures.

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Partial Chapter of the Table of Content

Chapter 4. Biomedical Warming and Thawing Devices Market

4.1. Global Biomedical Warming and Thawing Devices Market share, 2017 & 2024

4.2. Product

4.2.1. Market estimates and forecast, by region, 2013 - 2024

4.3. Sample

4.3.1. Market estimates and forecast, by region, 2013 - 2024

4.4. End User

4.4.1. Market estimates and forecast, by region, 2013 - 2024

Chapter 5. Biomedical Warming and Thawing Devices Market, By Product

5.1. Global Biomedical Warming and Thawing Devices Market share, by product, 2017 & 2024

5.2. Manual

5.2.1. Market estimates and forecast, by region, 2013 - 2024

5.3. Automatic

5.3.1. Market estimates and forecast, by region, 2013 - 2024

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Biomedical Warming and Thawing Devices Market 2020 By Revenue, Top Trend & Regio - Fractovia News

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