Biomedical Warming and Thawing Devices Market Analysis

Biomedical Warming and Thawing Devices Market Analysis

The biomedical warming and thawing devices market for automatic segment is set to showcase 8.8% growth rate through 2027 led by the growing preference for automated systems and numerous advantages offered by automated thawing devices. The warming rate plays a pivotal role in cryopreserved cells, blood products and other biologics as it affects the cellular recovery and viability. Automated biomedical warming and thawing devices are designed to facilitate rapid and contamination-free thawing of the biological contents that ensures high reproducibility along with reduced risk of contamination, further incorporating standardization in this critical phase. The use of automated biomedical warming and thawing devices at commercial level for managing large batch size is further augmenting the segment growth.

The blood products segment had captured around 46% of the biomedical warming and thawing devices market share in 2020 impelled by the rising accidental deaths and injuries causing severe bleeding and blood loss around the world. Accidental injuries are one of the major causes of mortality and morbidity in developing as well as developed countries. Patients affected due to severe road crash injuries experience severe bleeding and require transfusion of red blood cells and blood products that are preserved using cryopreservation.

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The blood banks and transfusion centers segment in the biomedical warming and thawing devices market accounted for USD 57 million in 2020 driven by the national policies of several countries promoting donation of blood and plasma that has led to growing number of blood banks & transfusion centers across the globe. According to the World Health Organization (WHO), around 7.8 million increased blood donations have been reported from 2013 to 2018 from voluntary donors. Over 13,300 authorized blood centers in 169 countries collected 106 million blood donations in 2018 and the number is further expected to increase. Furthermore, the implementation of favourable initiatives for blood donation and setting-up blood banks is further propelling the segment expansion. Among the participant countries in the WHO survey, around 123 countries out of 171 had implemented a national blood policy to promote blood transfusion.

U.S. dominated the North America biomedical warming and thawing devices market in 2020 and is projected to reach over USD 92 million by 2027 on account of several factors such as growing acceptance of advanced biomedical warming and thawing devices & rise in incidence of people affected with trauma across the country. Trauma is amongst the leading mortality causes for adults aged 46 years and below in the U.S. and the mortality associated with trauma has surged by 23% in the recent years. In the elderly population that is highly susceptible to injuries, around 56% increase in trauma was reported. Blood-transfusion services are extensively utilized in treating trauma and haemorrhage patients. Increasing incidence of trauma is accelerating the demand for blood and blood products.

Germany biomedical warming and thawing devices market is anticipated to cross around USD 13 million by 2027. The significant market share is credited to the high number of females suffering from infertility in the country. Moreover, as per a published article in 2018, the number of female infertility cases in Germany was set around 1.6 million cases. High number of female infertility cases is expected to surge the demand for products such as embryo and semen used in infertility treatment that are preserved using cryopreservatives, thereby creating demand for biomedical warming and thawing devices.