Blood Thawing System Market
Blood Thawing System Market By Product Type (Dry Plasma Thawer, Wet Plasma Thawer), By Capacity (2 Bags, 4 Bags, 8 Bags), By Sample Type (Blood Plasma, RBCs, Platelets, Whole Blood), By End-user (Blood Banks, Transfusion Centers)- Global Market Insights 2021 to 2031
About the Report
The global blood thawing system market is expanding steadily and is expected to surpass a valuation of US$ 350 million by 2031. Increase in demand for both, both, manual blood thawing systems and automated blood thawing systems from hospitals, blood banks, and transfusion centers is expected to aid the growth of industry players. Additionally, high preference for dry plasma thawers is expected to augment demand growth over the coming years.
The latest report by Fact.MR offers detailed insights of the global industry along with new trends and demand-supply trajectories for the forecast period of 2021 to 2031. As stated in the report, North America, Europe, and Asia Pacific will take the spotlight, while 20+ countries will emerge as lucrative markets for blood sample thawing systems.
Historical Vs. Future Outlook on Blood Thawing System
Demand for blood thawing systems of various capacities such as 2 bags, 4 bags, and others grew significantly over the past years. Additionally, increase in research & development activities across diverse end-use sectors such as diagnostic laboratories, blood transfusion centers, and others spearheaded the growth of industry players during the last 5 years from 2016 to 2020.
As the incorporation of cutting-edge technologies by key manufacturers is becoming prevalent, sales of blood thawing systems are expected to flourish further in the near future. Rise in demand from key end-use sectors coupled with a flurry of inventions by leading manufactures are set to raise the industry value for blood thawing systems substantially during the forecast period of 2021 to 2031.
How is Demand from Hospitals Augmenting Market Growth?
Being an integral part of blood donation, transfusion, and other crucial related activities, blood thawing systems are highly sought-after across hospitals. As a result, growing demand from this sector is considerably pushing the profit margins of manufacturers further upward.
According to a report published by SelectUSA, the United States medical devices market is worth over US$ 150 billion, and is subject to expand further representing over 40% of the global industry. As stated in the report, exports of medical devices in key product categories identified by the department of Commerce exceeded US$ 43 billion in 2018.This gives a glimpse of the unlimited opportunities awaiting key manufacturers of blood thawing systems around the globe.
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What are the Key Challenges Faced by Blood Thawing System Suppliers?
There are a few disadvantages or negative sides of blood thawing systems and plasma thawing systems, which act as restraints to manufactures, such as-
- Highly expensive
- Proper handling by experts is required
- Need costly laboratory set ups for accurate result
- Lack of maintenance may lead to fatal errors
With continuous R&D activities, key industry players are expected to overcome these constraints and excel further over the years to come.
Why is the United States in the Spotlight for Blood Thawing System Manufacturers?
The United States is at the forefront in North America for blood thawing systems, and is expected to lead over the forecast period. Growing demand from blood banks, blood transfusion centers, and hospitals, coupled with favorable governmental initiatives is fuelling sales in the country.
According to a report published by the Centers for Disease Control and prevention (CDC), more than 14 million blood donors are active in the U.S., which is subject to grow further in the near future. This indirectly refers to the high growth scope for blood thawing system suppliers in the U.S.
Is Germany a Lucrative Markets for Blood Thawing System Suppliers?
Being the epicenter of the European market for blood thawing systems, Germany has become a hotspot for stakeholders. Technical advancements in the manufacturing sector and high requirement from hospitals and diagnostic centers are spurring market growth in Germany.
According to a report published by the European Commission, Germany has one of the largest hospitals and diagnostics sector in the world, which is likely to grow further over the coming years. As stated in the report, Germany has the highest per-capita hospital beds for acute care in the European Union (EU) - 529 beds per 100,000 inhabitants. This refers to the upcoming opportunities for blood thawing system manufacturers in the country.
Why are Manufacturers of Blood Thawing Systems Eyeing China?
China has been leading in the worldâ€™s fastest-growing blood thawing system industry - Asia Pacific, and is predicted to remain dominant throughout the forecast period. Rise in demand from the pharmaceutical sector, blood banks, and transfusion centers is bolstering growth in China.
According to a report published by SelectUSA, Chinaâ€™s pharmaceutical industry value reached almost US$ 134 billion in 2018, and is expected to surpass US$ 154 billion in the next few years. As stated in the report, 80% of Americaâ€™s pharmaceutical supply comes from China. No doubt that blood thawing system manufacturers are focusing on China to increase their revenue and profit margins.
Will Sales of Blood Thawing Systems Surge across India?
India is a highly lucrative market for blood thawing systems, and is set to grow steadily over the coming years. Highly advanced blood banks, hospitals, and transfusing centers are boosting sales of blood thawing systems in the country.
As stated in a report published by Invest India, the healthcare industry in India is projected to reach US$ 372 billion by 2022. According to the report, by 2022, Indiaâ€™s diagnostics industry is expected to expand at a CAGR of 20.4% to reach US$ 32 billion. This explains why manufacturers of blood thawing systems are eyeing India in order to raise their profit margins.
Why are Dry Plasma Thawers Highly Sough-after?
Presently, dry plasma thawers is the leading segment in blood thawing systems in terms of product type. This product type is expected to maintain its lead in the near future, owing to various advantages such as-
- Reduced thawing time
- Hassle free operations
- Higher efficiency
Another key segment that is fueling sales in this category is wet plasma thawers.
Which Type of Sample is Dominant for Blood Thawing Systems?
Currently, dominating segments in terms of sample are blood plasma thawing systems and RBC thawing systems, which are spearheading growth of the industry. Owing to various factors, these samples are gaining traction, such as-
- Play crucial role in blood transfusion
- Required in diagnosing various diseases
Other key segments in this category are platelets, whole blood, and others.
An Adaptive Approach to Modern-day Research Needs
With the competition getting stricter, manufacturers of whole blood thawing systems are launching a wider variety of products.
- Cardinal Health recently launched its new plasma thawing blood system for diverse end-use industries.
- Boekel Scientific launched its new Boekel Scientific Plasma Thawer, 301000, 4 bag thawer, and others a couple of years back.
*The list is not exhaustive, and only for representational purposes. Full competitive intelligence with SWOT analysis available in the report
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Historical Data Available for
USD Million for Value
Key Regions Covered
Key Countries Covered
Key Segments Covered
Key Companies Profiled
Market Segmentation by Category
- Dry Plasma Thawers
- Wet Plasma Thawers
- 2 Bag Blood Thawing Systems
- 4 Bag Blood Thawing Systems
- 8 Bag Blood Thawing Systems
- Blood Plasma
- Whole Blood
- Blood Thawing Systems for Blood Banks
- Blood Thawing Systems for Transfusion Centers
- Blood Thawing Systems for Hospitals & Diagnostic Laboratories
- Blood Thawing Systems for Pharmaceutical Companies
- North America
- Latin America
- Middle East and Africa (MEA)
- East Asia
- South Asia
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
What research methodology is followed by Fact.MR?
Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.
What are the sources of secondary research?
Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.
Who are the respondents for primary research?
Fact.MR speaks to stakeholders across the spectrum, including C-level executives, distributors, product manufacturers, and industry experts. For a full list of primary respondents, please reach out to us.
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