Blood Plasma Thawing Devices Market Size and Growth Rate:

“The Global Blood Plasma Thawing Devices Market is expected to reach US$ 340.2 Mn by 2025 owing to growth in R&D for the development of newer devices”

Blood Plasma Thawing Devices Market Growth Drivers and Restraints:

The global blood plasma thawing devices market is expected to reach US$ 340.2 Mn by 2025. Blood/Plasma thawing devices enable defrost or thaw up blood or fresh frozen plasma and other blood related products. The growing instances of road accidents, industrial injuries, and traumatic cases across the globe drives the demand for transfusion of blood and blood related products, this in turn creates demand for blood or plasma thawing devices to meet the growing demand of blood and plasma. Moreover, technological advancement in blood plasma thawing devices are also streaming the market growth, for e.g. companies like GE launched automated platform to monitor the sample temperature changes. Furthermore, establishment of blood banks and organ donation centers in developing and underdeveloped countries to meet the increasing demand for blood and blood products transfusion will certainly create the momentum for blood or plasma thawing devices market in the aforesaid regions over the forecast period. Nevertheless, high cost of devices, and unavailability of stem cells bank in underdeveloped regions hamper the growth of the global blood plasma thawing devices market.

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Blood Banks & Transfusion Centers Dominate the Global Blood Plasma Thawing Devices Market

Based on the application, global blood plasma thawing devices market is segmented into blood banks & transfusion centers, research & academic institutions, hospitals & diagnostic laboratories, biotech & pharma companies, and cord blood & stem cell banks. Blood banks & transfusion centers dominate the global blood plasma thawing devices market owing to increase cases of accidents, prevalence of chronic diseases, rising surgeries, and increased prevalence of cancer. They anticipated fueling the demand for blood and blood related products thus more revenue generation from blood banks & transfusion centers over the forecast years.

North America Leads the Global Blood Plasma Thawing Devices Market

PBI’s global blood plasma thawing devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. According to regional analysis, North America dominated the global blood plasma thawing devices market through 2013-2018 and expected to dominate over 2019-2025 owing to increase in prevalence chronic diseases and road accidents, according to the American National Red Cross, approximately 36,000 units of red blood cells are needed every day in the U.S. All these factors will enhance industry growth in the U.S. Asia Pacific blood plasma thawing devices market expected to grow significantly rate due to their emerging economies, especially in countries like China India, and Southeast Asia. They witnessed enormous growth opportunities, due to increasing population coupled with surge in demand for blood & blood related products. According to data released by Indian parliament in March 2018, at present, India has 2,903 blood banks spread all across the country, of which 1,043 are public and 1,860 private, including those run by charitable trusts. Europe blood plasma thawing devices market is expected to grow at a significant rate due to their improved healthcare facilities especially in countries like UK and Germany, availability of blood banks, increasing research and development, and presence of key market players.
Launch of newer treatment therapies, and strategic alliances are the key strategies adopted by market players

Global blood plasma thawing devices market further reveals that the key player’s increasingly adopting strategies such as launch of newer devices, and long term alliance to improve market revenue share and gaining significant geographic presence across the region. For instance, In September 2017, GE Healthcare launched the first in its VIA Thaw series, the VIA Thaw CB1000 for thawing large volumes of cell therapies cryopreserved in cryo-bags.

Key player’s profiles in the report are Helmer Scientific (U.S), Boekel Scientific (U.S.), Sarstedt (Germany), Barkey (Germany), BioCision (U.S.), Cardinal Health (U.S.), GE Healthcare (U.S.), and CytoTherm (U.S.).

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Detailed Segmentation of Blood Plasma Thawing Devices Market:

By Type
• Manual
• Automated

By Application
• Blood Banks & Transfusion Centers
• Research & Academic Institutions
• Hospitals & Diagnostic Laboratories
• Biotech & Pharma Companies
• Cord Blood & Stem Cell Banks

Geography

o North America
o Europe
o Asia-Pacific
o Latin America
o Middle East and Africa (MEA)

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