Biomedical Warming and Thawing Devices Market size was valued over USD 138 million in 2017 and is expected to witness more than 10% CAGR from 2018 to 2024. Over the past few years, the significant advancements across the healthcare fraternity have uplifted biomedical warming and thawing devices market growth, given the strong demand for plant & animal tissue culturing, in-vitro fertilization, and organ transplants. The technological developments across these fields has enabled deployment of efficient biomedical warming and thawing devices across clinics, transfusion centers, blood banks, and hospitals, in turn fostering the market growth. In fact, according to reliable estimates, the global biomedical warming and thawing devices industry share was worth USD 138 million in 2017, with blood banks & transfusion centers generating a commendable revenue share of more that USD 44.3 million for the same year.
The growing need to infuse blood and organs to patients at the most precise temperature has been primarily driving the demand for warming and thawing devices in trauma care & transfusion centers, blood banks and hospitals. The increasing prevalence of accidents and trauma cases across the globe has led to strong demand for blood transfusions. In fact, worldwide, accidents and injuries resulting from poisoning, traffic collisions, falls or burns, and drowning accounts for 9% of global mortality rate. Quite overtly, the global deaths and injuries resulting from road traffic crashes have been consistently driving biomedical warming and thawing devices industry share.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Helmer Scientific
3. Sartorius AG
4. Sarstedt AG & Co. KG
5. Boekel Scientific
8. Cardinal Health
9. GE Healthcare
- Thermo Fisher Scientific
Medela is another popular player that introduced a waterless warming and thawing device, Calesca, that optimizes & standardizes human milk processes. Calesca, according to reports, aids in maintaining optimal integrity of human milk, while providing hygienic, safe, and standardized methods. Designed using the phenomenon of circulating heated air in an enclosed chamber, Calesca is gaining immense demand from hospitals and nursing home centers for warming and thawing milk from different temperatures.
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Unveiling the regional trends of biomedical warming and thawing devices market
Speaking of the global terrain, U.S. is at the forefront, accounting for the largest regional biomedical warming and thawing devices industry share. The presence of sophisticated healthcare infrastructure along with strong governmental support & initiatives, has been fostering the regional expansion. Beyond this, the presence of a large number of blood banks & transfusion centers, especially in the United States, will further expedite the regional business vertical. If reports are to be believed, more than 36,000 units of red blood cells are required per day in the U.S., which in turn has raised the demand for warming and thawing devices in critical care centers and hospitals. Analyzing these key factors, estimates claim that U.S. biomedical warming and thawing devices market will record a CAGR of more than 9.6% over 2018-2024.
With a projected CAGR of 12.2% over 2018-2024, India is emerging as another lucrative investment hub for the potential biomedical warming and thawing devices industry players, given the rapidly developing surgical centers, blood transfusion centers, and hospitals. Along with the improving healthcare expenditure, the growing focus on biotechnology studies and research is also expected to prevail the regional expansion.
In line with the phenomenally thriving regional expanse of biomedical warming and thawing devices market, it wouldn’t be wrong to say that the involvement of regional players in bringing forth further advancement will majorly impact the commercialization matrix of this business space. According to a report by Global Market Insights, Inc., biomedical warming and thawing devices market is projected to surpass USD 270 million by 2024.