The thawing devices that are primarily utilized for defrosting of the blood, tissues, cells and other biologics samples in biomedical industry. The concept of cryopreservation consists of dropping down of the temperature to a lower end, often at sub-zero temperatures for efficient and secure preservation of cells and tissues. As a result, it becomes a mandate for defrosting of these biological products for their use and biomedical warming and thawing devices play a major role in this scenario as they aid in warming and defrosting of these cryopreserved products. Further, they also reduce the risk of damage of these products from cryopreservative chemicals as longer exposure to such chemicals can damage the living cells and other components of preserved products.
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Biomedical warming and thawing devices play a pivotal role in minimizing the exposure of cryopreservative agents on the preserved cells, thereby maintaining their efficiency and viability for further utilization in various therapeutics and research and development activities. Additionally, these devices have broad range applicability in pharmaceutical and biotechnology disciples for various research and studies and also in tissue culturing and engineering of animals and plants.
COVID – 19 scenario analysis:
- The COVID-19 pandemic has emerged as a humanitarian as well as economic crisis, creating strain on the society and affecting millions of people and businesses.
- Industry closures and people are asked to stay in their homes, which has taken a huge toll in terms of money and economic growth.
- Over 4 million people have been affected globally, with 300,000 losing their lives due to SARS-CoV-2.
- Healthcare organizations are already working in battle mode, preparing new plans to respond to growing COVID-19 patients, right from sourcing rapid diagnosing kits to sufficient PPE kits for workers.
- Due to diversion of medical field toward treating COVID-19, the funding to R&D activities related towarming and thawing devices has been reduced and this segment has to face negligence subsequently causing negative impact on the biomedical warming and thawing devices market.
Top impacting factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Major factors driving the point of care ultrasound market are increasing patient pool requiring admissions in medical emergency departments, rise in number of road accidents and trauma incidences resulting in need for blood transfusions and technological developments in healthcare services owing to extensive R&D activities. As per the World Health Organization, traffic accidents, falls, burns, incidents of drowning, poisoning and accompanying injuries result in 9% of global deaths. Rising infertility due to myriad of reasons would surge the requirements for artificial insemination and in-vitro fertilization, which would further have a positive impact on the market development. With rising adoption rate of warming and thawing devices in biologics and pharmaceutical industry for research related to plant and animal tissue culture, and many other applications, there has been a significant surge in demand for these devices in the market. Furthermore, application of thawing devices defrosting of the cryopreserved cells and tissues would propel the market growth.
North America dominates the market
North America is expected to lead the biomedical warming and thawing devices market throughout. The dominance is due to factors like rising cases of emergencies and road accidents and higher adoption of technology in the region resulting higher demand for affordable treatment and cost effective cell therapies is propelling the market in the U.S. Drastic rise in healthcare expenditure and high strain to get better health outputs at lower costs, availability of a well-developed infrastructure, favorable reimbursement scenario and presence of major industry players are the other factors fostering the market in the near future.
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