Biomedical Warming and Thawing Devices Market Size, Share Global Analysis Report, 2023 – 2030

Industry Insights

[174+ Pages Report] According to the report published by Facts and Factors, the global Biomedical Warming and Thawing Devices market size was worth around USD 215 million in 2022 and is predicted to grow around USD 390 million by 2030 with a compound annual growth rate (CAGR) of approximately 8.88% between 2023 and 2030. The report analyses the global Biomedical Warming and Thawing Devices market drivers, restraints/challenges, and the impact they have on the demands during the projection period. In addition, the report analyses emerging opportunities in the Biomedical Warming and Thawing Devices market.

This specialized and expertise-oriented industry research report scrutinizes the technical and commercial business outlook of the Biomedical Warming and Thawing Devices industry. The report analyzes and declares the historical and current trends analysis of the Biomedical Warming and Thawing Devices industry and subsequently recommends the projected trends anticipated to be observed in the Biomedical Warming and Thawing Devices market during the upcoming years.

The Biomedical Warming and Thawing Devices market report analyze and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Biomedical Warming and Thawing Devices market. The historical and past insights are provided for FY 2019 to FY 2021 whereas projected trends are delivered for FY 2023 to FY 2030. The quantitative and numerical data is represented in terms of value (USD Million) from FY 2020– 2030.

Key Insights from Primary Research

• According to the primary CXOs of the global biomedical warming and thawing devices market, the market is estimated to witness a substantial growth of nearly 8.88% over the forecast period.
• The market was valued at USD 215 million, in 2022 and is expected to be valued at over USD 390 million.
• On the basis of the sample segment, blood products dominated the global biomedical warming and thawing devices market in 2019. In terms of revenue, it accounted for more than a 32% share of the total market in 2019.
• Asia Pacific market is expected to be the fastest growing region for biomedical warming and thawing devices over the forecast period owing to growing investments for research and development and increasing pharmaceutical companies in the region.
• By geography, the North American region headed the market with a share of above 31.5%, in 2019.

Key Recommendations from Analysts

• Higher prevalence of accidents and emergency cases, leading to blood transfusions will fuel market growth over the forecast period for biomedical heating and thawing devices. Drowning, traffic collisions, poisoning, falls or burns are causing 9% of global deaths, according to the World Health Organization. Nevertheless, growing demand for in-vitro fertilization and artificial insemination procedures has had a positive effect on consumer demand due to the rising infertility incidence.
• The strategic developments such as regional expansion, product innovations and on-going research and developments by the major companies such as CytoTherm, GE Healthcare, Helmer Scientific, etc. is likely to boom the market’s growth over the upcoming years.
• Our analysts advise that the Asia Pacific region will probably witness a significant growth attributed to the growing demand for biomedical warming and thawing devices from China and India.  
• Expansion of manufacturing plants or distribution channels of pharmaceuticals companies especially in emerging market is predicted to fuel the demand for biomedical warming and thawing devices drug in the developing economies over the forecast years.
• Strengthening the distribution channel and growing availability of thawing kits online may also help the major player to cater the beneficial growth of the market over the years to come.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Biomedical Warming and Thawing Devices industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Biomedical Warming and Thawing Devices industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Biomedical Warming and Thawing Devices market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Biomedical Warming and Thawing Devices industry. The Biomedical Warming and Thawing Devices market report additionally employ SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Biomedical Warming and Thawing Devices sector. Key strategic developments in the Biomedical Warming and Thawing Devices market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Biomedical Warming and Thawing Devices market are appropriately highlighted in the report.

The Biomedical Warming and Thawing Devices market research report deliver an acute valuation and taxonomy of the Biomedical Warming and Thawing Devices industry by practically splitting the market on the basis of different types, category and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2023 to FY 2030. The regional segmentation of the Biomedical Warming and Thawing Devices industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Further, country-wise data for the Biomedical Warming and Thawing Devices industry is provided for the leading economies of the world.

Using extremely low temperatures, cryopreservation is needed to preserve cells and tissues. Biomedical heating and thawing devices assist in the heating and thawing of cryopreserved materials. Cryopreservation chemicals can permanently cause damage to living cells. So, they should be heated at a rapid pace from the frozen state before full thawing is achieved. The frozen cells are easily thawed in a water bath at 37 ° C, and the cells are then transferred to a pre-warmed growth area. To limit cell exposure to cryopreservation agents, the material of the vials must be transferred to the medium after thawing.

The Biomedical Warming and Thawing Devices market is segmented based on sample, product, end-user, and region. On the basis of the sample, the market is segmented into Blood Products, Ovum/embryo, Semen, and others. The product type segmentation includes manual and automatic devices. The end-user segment is classified into hospitals, research laboratories and institutes, the pharmaceutical industry, and others.

Report Scope

Some of the essential players operating in the Biomedical Warming and Thawing Devices market include:

• Barkey
•  BioCision
•  Boekel Scientific
•  Cardinal Health
•  CytoTherm
•  GE Healthcare
•  Helmer Scientific
•  Sarstedt AG & Co. KG
•  Sartorius AG
•  Thermo Fisher Scientific

The taxonomy of the Biomedical Warming and Thawing Devices industry by its scope and segmentation is as follows:

By Sample Segment Analysis

• Blood Products
• Ovum/embryo
• Semen
• Others

 By Product Segment Analysis

• Manual
• Automatic

 By End user Segment Analysis

• Hospital
• Research Laboratories and Institutes
• Pharmaceutical Industry

• Others

 By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa